Fund Description

Incepted in August 1981, the fund is managed by Prudential Investments. The main objective of the fund is to seek total return through capital appreciation and current income. The fund normally invests at least 80% of the fund's investable assets in equity-related and investment-grade debt securities of utility companies. These include electric, gas, gas pipeline, telephone, telecommunications, water, cable, airport, seaport and toll road companies. Some of these securities are issued by foreign companies. The fund may also invest more than 5% of the fund's assets in any one issuer. Dividends are declared quarterly. Capital gains, if any, are paid annually.