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PGIM Balanced R6 PIBQX

Analyst rating as of
NAV / 1-Day Return
15.82  /  0.06 %
Total Assets
900.3 Mil
Adj. Expense Ratio
0.650%
Expense Ratio
0.650%
Fee Level
Average
Longest Manager Tenure
15.07 years
Category
US Fund Allocation--50% to 70% Equity
Investment Style
Large Blend
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Status
Open
TTM Yield
1.70%
Turnover
128%
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Morningstar’s Analysis

Will PIBQX 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.

Summary

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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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