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PGIM

PGIM Parent Rating

Above Average

PGIM, the asset-management arm of Prudential Financial, has an attractive investment culture that has resulted in a strong lineup of funds, especially in fixed-income and growth equity.

It earns an Above Average Parent rating.

The PGIM funds are subadvised by at-scale subsidiaries of the firm that manage over USD 90 billion in assets each, mainly through Jennison Associates, PGIM Fixed Income, PGIM Quantitative Solutions, and PGIM Real Estate. The first two of these are standouts. Jennison runs the firm's actively managed fundamental equity funds with an established, repeatable investment process; PGIM Fixed Income, which includes Morningstar's Fixed-Income Fund Managers of 2017, remains well-resourced and risk-aware, while the early-2022 broadening of the leadership team has set the stage for sensible succession planning. PGIM Quantitative Solutions and PGIM Real Estate don't stand out as much but are still solid, though the former has dealt with several key management departures in recent years.

PGIM's lineup of 100-plus funds and ETFs spans the globe, but the firm’s assets are concentrated in the United States. At the end of June 2022, funds globally totaled USD 169 billion, only about 13% of PGIM's $1.3 trillion total assets under management; the rest is mostly in institutional accounts and the general account of Prudential's insurance company.

PGIM Investments

Market

US Open-end ex MM ex FoF ex Feeder

Total Net Assets

138.70 Bil

Investment Flows (TTM)

791.76 Mil

Asset Growth Rate (TTM)

0.63%

# of Share Classes

368
Morningstar Rating # of Share Classes
13
101
143
54
30
Not Rated 27

Exchange-Traded Funds

See All PGIM ETFs

Market

US ETFs

Total Net Assets

8.26 Bil

Investment Flows (TTM)

2.93 Bil

Asset Growth Rate (TTM)

57.82%

# of Share Classes

42
Morningstar Rating # of Share Classes
1
0
2
0
0
Not Rated 39

Morningstar Mentions

These ETFs and mutual funds invest in different types of short-term bonds and earn Morningstar’s top rating in 2024.

The fixed-income exchange-traded funds on this list earn Morningstar’s top rating.

Quick Definitions: Key Morningstar Terms

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