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Morningstar

PGIM Balanced A PIBAX

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 15.15  /  0.92 %
  • Total Assets 902.6 Mil
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 1.000%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Moderate Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Status Open
  • TTM Yield 1.96%
  • Turnover 109%

USD | NAV as of Sep 26, 2023 | 1-Day Return as of Sep 26, 2023, 10:24 PM GMT+0

Morningstar’s Analysis PIBAX

Will PIBAX outperform in future?

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

Process Pillar

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

People Pillar

The People Pillar is our evaluation of the PIBAX 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 PIBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Fixed-Income Manager Departs PGIM Balanced; Ratings Unchanged

null Karen Zaya

Karen Zaya

Analyst Note

Effective June 8, 2023, Lindsay Rosner is no longer a portfolio manager for PGIM Balanced upon her departure from the firm. Rosner joined the management roster in September 2021 and comanaged the fixed-income sleeve of PGIM Balanced alongside a seasoned group of managers, including Michael Collins (who plans to retire around April 2024), Gregory Peters, Robert Tipp, and Richard Piccirillo. The allocation managers (Edward Campbell, Joel Kallman, and Marco Aiolfi) and equity managers (Stacie Mintz and Edward Lithgow) from PGIM Quantitative Solutions will continue to manage the fund with the four remaining fixed-income managers. The PGIM fixed-income team bolstered its resources in anticipation of Collins' retirement announcement by promoting Rosner to senior portfolio manager and adding two new members to the multisector portfolio management team. While Rosner's departure weakens the succession plan ahead of Collins' retirement, the remaining managers' experience, the plentiful time ahead of Collins' retirement, and the fixed-income division's considerable supporting depth alleviate concerns over the impact. The fund maintains its Above Average People rating and Morningstar Medalist Rating of Bronze for its cheapest share classes and Neutral for its pricier ones.

by Karen Zaya
Published on

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Portfolio Holdings PIBAX

More PIBAX Holdings
  • Current Portfolio Date
  • Equity Holdings 858
  • Bond Holdings 842
  • Other Holdings 307
  • % Assets in Top 10 Holdings 15.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Apple Inc

3.19
29,712,392
Technology

Microsoft Corp

3.14
29,241,436
Technology

United States Treasury Bonds 2.25%

1.79
16,686,823
Government

NVIDIA Corp

1.75
16,262,472
Technology

Amazon.com Inc

1.61
14,972,705
Consumer Cyclical

Prudential Govt Money Mkt Fd

1.06
9,845,877
Cash and Equivalents

Alphabet Inc Class A

1.05
9,756,580
Communication Services

Alphabet Inc Class C

0.94
8,699,749
Communication Services

Meta Platforms Inc Class A

0.86
8,039,035
Communication Services

Usd/Eur Fwd 20231019 0997

0.75
6,998,032
Derivative