PABCX – Fund Analysis – PGIM Balanced C | Morningstar

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Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PABCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar

The People Pillar is our evaluation of the PABCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar

The Parent Pillar is our rating of PABCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A quantitative equity mandate with a credit-leaning bond sleeve.

Analyst Mahi Roy

Mahi Roy

Analyst

Summary

PGIM Balanced combines a core-plus bond sleeve with a quantitative equity mandate, leveraging the expertise of multiple specialized teams. While diversified, this approach has resulted in a relatively volatile portfolio. PGIM Quantitative Solutions’ global multi-asset team guides the fund’s strategic and tactical asset allocation, while the quantitative equity team handles the stock portion. PGIM Fixed Income oversees the bond strategy, focusing on a credit-leaning approach.

by Mahi Roy

Rated on Apr 27, 2026 Published on Apr 27, 2026

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