PGIM Balanced Fund- Class R (PALRX) NASDAQ
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Address
655 Broad St. 17th Floor
Newark, NJ 07102
United States of America (the)
Phone
(973) 367-8982
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
December 16, 2004
This fund seeks to generate both current income and significant long-term capital appreciation for its investors. It follows an actively managed approach, strategically investing in a diversified mix of stocks, bonds, and money market instruments, with a focus on capitalizing on perceived mispricings in the market. The portfolio typically allocates a substantial portion, ranging from 45% to 70% of its total holdings, to equities and related securities. Under normal market conditions, 30% to 55% of the fund's entire asset base is committed to fixed-income investments. Furthermore, the fund may dedicate up to 15% of its total assets to equity-linked securities issued by smaller companies.