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Analyst rating as of

Morningstar’s Analysis

Will PABCX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Changes to the portfolio result in a higher targeted return and increased volatility.


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In January 2020, PGIM Balanced underwent significant strategic changes to its bond portfolio, along with smaller changes to its equity portfolio, which should improve results during rising equity markets but may drag on returns during downturns. Our level of conviction in this strategy’s team and process is unchanged, but under our new ratings methodology, the four most expensive share classes have been downgraded to a Morningstar Analyst Rating of Neutral from Bronze. The two cheapest share classes retain Bronze ratings.

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