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Prudential Investments has nearly $74 billion of assets under management as of Dec 2014. This segment of Prudential Financial, Inc. provides a variety of funds, ranging from open and closed-end funds to equity and fixed-income funds. The company has been operating in the market for more than 135 years.
Prudential Investments currently offers its services in about 41 countries and territories including Asia, Europe and the U.S. Its experienced workforce of more than 47,000 employees and financial advisors provide solutions to investors on protection from market volatility and generation of capital gains. The investment professionals of the company are also involved in managing assets of major corporations and pension funds worldwide.
Prudential High-Yield A (PBHAX - Free Report) seeks growth of income and capital. PBHAX invests a major portion of its assets in a diversified portfolio of fixed-income instruments with high yield. The fund invests its assets in bonds that are rated lower by Moody's Investors Service (Moody's) or BB or Standard & Poor's Ratings Group (Standard & Poor's). It also invests in the below investment grade securities or "junk bonds". Prudential High-Yield A fund has a return of 6.9% year to date.
PBHAX has an expense ratio of 0.83% as compared to the category average of 1.07%.
Prudential Real Assets A (PUDAX - Free Report) primarily invests in real assets, which shows good performance during high inflation. PUDAX seeks real return for the long run. The fund focuses on acquiring securities of companies from different asset classes. Some such asset classes are infrastructure/utilities, commodities, domestic and foreign real estate, defensive/gold and natural resources. PUDAX is non-diversified in nature. Prudential Real Assets A fund has a return of 6.2% year to date.
As of April 2016, PUDAX held 42 issues, with 23.97% of its assets invested in Prudential Real Assets Cayman Subsidiary Fund.
Prudential Municipal High-Income A (PRHAX - Free Report) seeks maximization of income, which is tax-exempted. PRHAX invests a large chunk of its assets in municipal debt securities that are considered fixed-income securities and are expected to provide tax-free return. The fund may also invest in securities that provide interest income which is not exempted from the federal alternative minimum tax (AMT). The Prudential Municipal High-Income A fund has a return of 4.9% year to date.
Susan Courtney is one of the fund managers of PRHAX since Apr 30, 2005.
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at https://www.zacks.com/funds.
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3 Zacks Rank #1 Prudential Investments Mutual Funds
Prudential Investments has nearly $74 billion of assets under management as of Dec 2014. This segment of Prudential Financial, Inc. provides a variety of funds, ranging from open and closed-end funds to equity and fixed-income funds. The company has been operating in the market for more than 135 years.
Prudential Investments currently offers its services in about 41 countries and territories including Asia, Europe and the U.S. Its experienced workforce of more than 47,000 employees and financial advisors provide solutions to investors on protection from market volatility and generation of capital gains. The investment professionals of the company are also involved in managing assets of major corporations and pension funds worldwide.
Below we share with you three top-rated Prudential Investments mutual funds. Each has earned a Zacks Mutual Fund Rank #1(Strong Buy) and is expected to outperform its peers in the future. To view the Zacks Rank and past performance of all Prudential Investments mutual funds, investors can click here to see the complete list of Prudential Investments funds.
Prudential High-Yield A (PBHAX - Free Report) seeks growth of income and capital. PBHAX invests a major portion of its assets in a diversified portfolio of fixed-income instruments with high yield. The fund invests its assets in bonds that are rated lower by Moody's Investors Service (Moody's) or BB or Standard & Poor's Ratings Group (Standard & Poor's). It also invests in the below investment grade securities or "junk bonds". Prudential High-Yield A fund has a return of 6.9% year to date.
PBHAX has an expense ratio of 0.83% as compared to the category average of 1.07%.
Prudential Real Assets A (PUDAX - Free Report) primarily invests in real assets, which shows good performance during high inflation. PUDAX seeks real return for the long run. The fund focuses on acquiring securities of companies from different asset classes. Some such asset classes are infrastructure/utilities, commodities, domestic and foreign real estate, defensive/gold and natural resources. PUDAX is non-diversified in nature. Prudential Real Assets A fund has a return of 6.2% year to date.
As of April 2016, PUDAX held 42 issues, with 23.97% of its assets invested in Prudential Real Assets Cayman Subsidiary Fund.
Prudential Municipal High-Income A (PRHAX - Free Report) seeks maximization of income, which is tax-exempted. PRHAX invests a large chunk of its assets in municipal debt securities that are considered fixed-income securities and are expected to provide tax-free return. The fund may also invest in securities that provide interest income which is not exempted from the federal alternative minimum tax (AMT). The Prudential Municipal High-Income A fund has a return of 4.9% year to date.
Susan Courtney is one of the fund managers of PRHAX since Apr 30, 2005.
To view the Zacks Rank and past performance of all Prudential Investments mutual funds, investors can click here to see the complete list of Prudential Investments funds.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at https://www.zacks.com/funds.