PGIM Income Builder boasts high income but blends asset classes that tend to become correlated during volatile markets to reach its yield target. The fund’s allocation process lacks a distinctive edge, leading to a Morningstar Analyst Rating of Neutral across all share classes.
Will PCGAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PCGAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PCGAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PCGAX’s parent organization’s priorities and whether they’re in line with investors’ interests.