Prudential Investments Launches Prudential Income Builder Fund

On Oct 20, 2014

Prudential Investments^® has launched the Prudential Income Builder Fund, a fund that offers investors the potential for income and long-term capital growth by investing primarily in income-focused equity, fixed income and non-traditional investments. Prudential Investments is the mutual fund business of Prudential Financial, Inc.

The fund, which is a repositioning of the Target Conservative Allocation Fund, is designed to appeal to investors interested in a diversified approach to income investing. The fund has the flexibility to invest in stocks, bonds, and non-traditional sources including master limited partnerships, global real estate and infrastructure. Investing in a dynamically managed, diversified portfolio may help lessen the impact of rising rates and could potentially provide sources of higher income while helping to reduce risk.

QMA¹ will manage the fund’s allocations, tactically adjusting the fund’s assets between the equity and fixed income market segments, as well as among other sub-classes. The asset allocation team, which includes Ted Lockwood, managing director and portfolio manager; Ed Campbell, principal and portfolio manager; and Rory Cummings, portfolio manager, identifies investment opportunities by combining proprietary asset allocation analyses with the insights from a seasoned portfolio management team. The asset allocation team averages 22 years of investment experience. Managing the underlying asset classes will be fund subadvisers Jennison Associates, Prudential Fixed Income and Prudential Real Estate Investors. The subadvisers are sector specialists and have the experience and flexibility to seek investment opportunities within their respective asset classes.

“This fund offers a diversified approach to income that can adapt to changing market conditions,” said Stuart Parker, president of Prudential Investments. “It is designed to take advantage of the income-generating capabilities of our asset managers and offers the flexibility investors are looking for to help address their long-term income needs.”

The fund is available in the following share classes: A: PCGAX, C: PCCFX, R: PCLRX, and Z: PDCZX.

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