The Fund seeks to provide a balance of income and long-term growth of capital by investing in stocks, bonds, and money markets. The Fund is actively managed to capitalize on undervalued securities as perceived by the Fund's managers.
See quarterly PDF version of this Fund Fact Sheet. |
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| Class | A | B | C | R | Z | A | B | C | R | Z | |
| Year-to-Date | N/A | N/A | N/A | N/A | N/A | -0.47 | -0.83 | -0.83 | -0.65 | -0.19 | -1.61 |
| 1-Year | 0.49 | 0.66 | 4.66 | 6.04 | 6.69 | 6.34 | 5.66 | 5.66 | 6.04 | 6.69 | 6.18 |
| 3-Year | -6.21 | -5.90 | -5.06 | -4.69 | -4.12 | -4.42 | -5.06 | -5.06 | -4.69 | -4.12 | -4.47 |
| 5-Year | -0.66 | -0.39 | -0.24 | 0.20 | 0.77 | 0.47 | -0.24 | -0.24 | 0.20 | 0.77 | 1.01 |
| 10-Year | 0.76 | 0.62 | 0.62 | N/A | 1.64 | 1.33 | 0.62 | 0.62 | N/A | 1.64 | 1.25 |
| Since Incpt. | 4.05 | 3.73 | 3.73 | 0.77 | 6.03 | 4.47 | 3.73 | 3.73 | 0.77 | 6.03 | 5.08 |
Total return describes the return to the investor before any sales charges are imposed. Lipper average is unmanaged, is based on the average return of all funds in this category, and does not take into consideration applicable sales charges. Unless noted otherwise, Lipper averages and index returns reflect performance beginning the closest month-end date to the Fund's inception. Benchmark since inception average is based on Class A inception date. SEC standardized return describes the return to the investor after maximum sales charges are imposed. All returns assume share price changes, as well as the compounding effect of reinvested dividends and capital gains. Returns may reflect fee waivers and/or expense reimbursements. Without such, returns would be lower.
Inception: Class A, B and C, 11/17/1996; Class R, 12/20/2004; Class Z, 1/4/1993.
Objective: Income and long-term growth of capital. There can be no assurance that the Fund's objective will be achieved.
Dividends: Paid annually, if any.
Capital Gains: Paid annually, if any.
The following information is as of 7/31/2010 and is subject to change.
Total Net Assets: $409 million
| ExxonMobil | 1.6 % |
| Microsoft | 1.3 |
| Chevrontexaco | 1.1 |
| AT&T | 1.0 |
| Wells Fargo | 1.0 |
| Apple Computer | 0.9 |
| Bank of America | 0.9 |
| Wal-Mart | 0.8 |
| Hewlett-Packard | 0.8 |
| Procter & Gamble | 0.8 |
| Top Ten (of 1660) | 10.2% |
| Information Technology | 18.1 % |
| Financials | 16.7 |
| Industrials | 11.8 |
| Healthcare | 11.8 |
| Consumer Discretionary | 10.5 |
| Energy | 10.1 |
| Consumer Staples | 10.0 |
| Materials | 4.1 |
| Other | 6.3 |
| Cash & Equivalents | 0.6 |
| Stocks | 61.2 % |
| Bonds | 38.4 |
| Cash & Equivalents | 0.4 |
| Average Weighted Market Capitalization ($mil) | 75,566.9 |
| P/E Ratio | 13.4 |
| Standard Deviation (3 Year) | 14.37 |
| Turnover Ratio (%) | 259 |
*The Fund's exposure to various markets is managed using futures contracts as well as
security purchases.
All data is unaudited and subject to change.
The Fund may not be appropriate for all investors. The Fund may invest in certain sectors, increasing its vulnerability to any single economic, political, or regulatory developments; high yield ("junk") bonds, which are subject to greater credit and market risks; small-and mid-cap stocks, which may be subject to more erratic market movement then large-cap stocks; foreign securities, which are subject to currency fluctuation and political uncertainty; short sales, which involve costs and the risk of potentially unlimited losses; leveraging, which may magnify losses; and derivative securities, which may carry market, credit, and liquidity risks. These risks may result in greater share price volatility. There is no assurance the Fund's objective will be achieved.
Average weighted market capitalization is the average market capitalization of stocks in a fund, each weighted by its proportion of assets. The P/E ratio (Source: Morningstar, Inc.) relates the price of a stock to the per-share earnings of the company. P/E is calculated using a harmonic weighted average, which excludes outliers that can easily skew results. Standard deviation depicts how widely returns vary around its average and is used to understand the range of returns most likely for a given fund. A higher standard deviation generally implies greater volatility. Turnover (12-month) is the rate of trading in a portfolio, higher values imply more frequent trading. Due to data availability, statistics may not be as of the current reporting period.
Source: Prudential Investment Management, Inc. (PIM) and Lipper Inc. PIM is a Prudential Financial company. Source of Sector classification: S&P/MSCI.
The asset allocation and equity portion of the Prudential Asset Allocation Fund are managed by Margaret Stumpp, Ph.D., Stacie L. Mintz, Ted Lockwood, Joel M. Kallman, CFA, and John Moschberger, CFA. Each is a member of Quantitative Management Associate (QMA). QMA has been a leader in the application of advanced portfolio management techniques to meet its clients' investments needs since 1975. Quantitative Management Associates, LLC is a wholly owned subsidiary of Prudential Investment Management, Inc., a Prudential Financial company. Kay T. Willcox and Malcolm Dalrymple of Prudential Fixed Income are the portfolio managers for the fixed income segment of the Fund.
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Ted Lockwood is a managing director for QMA and head of QMA's asset allocation area. He is also responsible for managing asset allocation and equity portfolios, investment research, and new product development. Previously, Ted was an AT&T Bell Laboratories Fellow and member of the technical staff at AT&T. Ted graduated summa cum laude with a BE in Engineering from Stony Brook University and earned an MS in Engineering and an MBA in Finance from Columbia University.
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John W. Moschberger, CFA, is a managing director for QMA. John manages both retail and institutional account portfolios benchmarked against the numerous domestic and international indices. He manages the Prudential Stock Index Fund and its corresponding variable life and annuity portfolio, the Prudential Series Fund-Stock Index Portfolio. He is also responsible for trading foreign and domestic equities, foreign exchange and derivative instruments. John previously worked as a research analyst with Prudential Equity Management Associates. John earned a BS in Finance from the University of Delaware and an MBA from Fairleigh Dickinson University and hold the Chartered Financial Analyst (CFA) designation.
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Margaret Stumpp, Ph.D., is the chief investment officer of QMA. She is portfolio manager for enhanced index equity portfolios for institutional investors and mutual fund clients. Maggie is extensively involved in quantitative research in asset allocation, security selection, and portfolio construction for QMA. Maggie joined QMA's predecessor in 1987. She has published articles on finance and economics in numerous publications, including The Financial Analysts Journal, The Journal of Portfolio Management, The Journal of Investment Management and Award Papers in Public Utility Economics. Maggie earned a B.A. cum laude with distinction in economics from Boston University and holds an A.M. and Ph.D. in Economics from Brown University.
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Kay Willcox is managing director and portfolio manager for Prudential Fixed Income's Core Fixed Income Strategy, including both intermediate and long duration portfolios. Previously, Ms. Willcox was a mortgage-backed securities portfolio manager for the US Liquidity Team. She has specialized in mortgage-backed securities since joining Prudential Financial in 1987. Earlier, Ms. Willcox managed a segment of The Prudential Insurance Company of America's proprietary portfolio. She also managed mutual fund fixed income portfolios and handled mortgage-backed security analysis and trading. She began her investment career in 1982 in the futures division of Shearson Lehman Brothers. Ms. Willcox received a BA in Mathematics from the University of Texas and an MBA in Finance from Columbia University.
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Stacie L. Mintz is a principal and portfolio manager for QMA. Stacie manages the overall asset allocation for several large pension plans, including Prudential's own pension plan. In addition, she manages several retail balance portfolios and an institutional tax-managed equity fund. Stacie started with Prudential Financial in 1992 as a member of the Comptroller's Group. She joined QMA in 1994 to work with the balanced management business. In 1997 she became a member of QMA's Investment Committee. Stacie earned a B.A. in economics from Rutgers University and an M.B.A. in finance from New York University. She has over 15 years of investment experience.
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Malcolm Dalrymple is principal and portfolio manager for Prudential Fixed Income's Structured and Short Maturity Strategies. Mr. Dalrymple is also a corporate bond portfolio manager for the Investment Grade Corporate Team and is responsible for corporate security selection in Core Fixed Income portfolios. He has specialized in corporate bonds since 1990. From 1983 to 1990, Mr. Dalrymple was a money markets portfolio manager. He joined Prudential Financial in 1979 as a securities lending trader and a bank analyst. Mr. Dalrymple received a BS in Finance from the University of Delaware and an MBA in Finance from Rutgers University. He began his investment career in 1984.
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Joel M. Kallman, CFA, is an investment associate for QMA. Joel is a portfolio manager and a member of the asset allocation team's investment committee. He also conducts economic and market valuation research. Joel has also held various positions within Prudential's fixed income group, in areas such as high-yield credit analysis and performance reporting. He earned a BS and MBA in Finance from Rutgers University. He is also a member of the New York Society of Security Analysts and holds the Chartered Financial Analyst (CFA) designation.
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Prudential Asset Allocation Fund:
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