PGIM Income Builder has undergone a significant portfolio makeover that appears to lower its risks going forward, but the income mandate still leads to a mix of asset classes that tend to be correlated during stress periods. It continues to earn a Morningstar Analyst Rating of Neutral for most share classes and a Negative rating for its most expensive share class.
Will PCLRX 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 PCLRX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PCLRX 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 PCLRX’s parent organization’s priorities and whether they’re in line with investors’ interests.