Prudential Investments – a segment of Prudential Financial, Inc – offers a wide range of funds including both equity and fixed-income, and open- and closed-end funds. The company, which has around $74 billion of assets under management, currently offers services across 41 countries and territories including the U.S., Asia and Europe. Investment professionals of the company are also involved in managing assets of major corporations and pension funds throughout the globe. Founded in 1875, Prudential Financial has more than $1.3 trillion in assets under management (as of September 2016).
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. Investors can click here to see the complete list of Prudential Investments mutual funds.
Prudential Income Builder B (PBCFX - Free Report) seeks growth of income and capital for the long run. PBCFX generally invests in a diversified portfolio which consists of income-oriented strategies from both fixed income and equity market segments. Prudential Income Builder B has a year-to-date return of 5.1%.
Terence Wheat is one of the portfolio managers of PBCFX since 2014.
Prudential Short-Term Corporate Bond A (PBSMX - Free Report) invests a large chunk of its assets in corporation bonds irrespective of their maturity durations. PBSMX is expected to maintain an effective duration of not more than three years. The fund may also invest in mortgage-related and asset-backed securities. It may allocate a maximum of 35% of its assets in dollar denominated debt securities issued by foreign entities. Not more than 20% of PBSMX is invested in securities that are rated below investment grade. Prudential Short-Term Corporate Bond A has a year-to-date return of 2.8%.
PBSMX has an expense ratio of 0.77% as compared to the category average of 0.78%.
Prudential QMA Small-Cap Value Retirement (TSVRX - Free Report) seeks above-average growth of capital. TSVRX invests the lion’s share of its assets in common stocks of small-cap companies. The fund invests primarily in companies whose market-cap falls within the range of the S&P SmallCap 600 Index or the Russell 2000 Index. TSVRX not only invests in U.S. equity securities and REITs but also in common stocks of non-U.S. companies. Prudential QMA Small-Cap Value Retirement has a year-to-date return of 21%.
As of September 2016, TSVRX held 358 issues with 1.24% of its assets invested in Hope Bancorp Inc.
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 mutual funds.
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