PUDAX – PGIM Real Assets A Investment Strategy | Morningstar

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Strategy

The investment seeks long-term real return. The fund invests primarily in real assets that may perform well in periods of high inflation. Real return is the rate of return after adjusting for inflation. It invests at least 80% of its investable assets in investments offering exposure to real assets. Real assets include interests in: commodities, real estate, utilities and infrastructure stocks, natural resource stocks, fixed income instruments; master limited partnerships (“MLPs”); gold-related securities and other defensive assets; derivatives on each of these interests; and other assets that have intrinsic value due to their physical properties.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PUDZX	PGIM Real Assets Fund- Class Z	Institutional	Closed			Dec 30, 2010	$11.93M	1.000%	High	$0	−$16.73M
PUDAX	PGIM Real Assets Fund- Class A	Front Load	Closed			Dec 30, 2010	$4.26M	1.310%	High	$1,000	−$2.03M
PUDCX	PGIM Real Assets Fund- Class C	Level Load	Closed			Dec 30, 2010	$619,116.00	2.110%	High	$1,000	−$360,652.34
PUDQX	PGIM Real Assets Fund- Class R6	Retirement, Large	Closed			Jan 23, 2015	$8.88M	0.850%	High	$0	−$35.42M

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