Morningstar

PGIM Balanced Fund- Class A PIBAX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $19.26  /  +0.42 %
  • Fund Size $1.0B
  • Adjusted Expense Ratio 1.000%
  • Net Expense Ratio 1.000%
  • Fee Level: Distribution Average
  • Share Class Type Front Load
  • Morningstar Category Moderate Allocation
  • Equity Style Box (Funds) Large Blend
  • Fixed-Income Style Box (Funds) Medium/Moderate
  • Investment Status Open
  • TTM Yield 1.79%
  • Turnover Ratio 107%
NAV and 1-Day Return as of

Morningstar’s Analysis PIBAX

Will PIBAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PIBAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PIBAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PIBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A quantitative equity mandate with a credit-leaning bond sleeve.

Analyst Mahi Roy

Mahi Roy

Analyst

Summary

PGIM Balanced combines a core-plus bond sleeve with a quantitative equity mandate, leveraging the expertise of multiple specialized teams. While diversified, this approach has resulted in a relatively volatile portfolio. PGIM Quantitative Solutions’ global multi-asset team guides the fund’s strategic and tactical asset allocation, while the quantitative equity team handles the stock portion. PGIM Fixed Income oversees the bond strategy, focusing on a credit-leaning approach.

by Mahi Roy
Rated on Published on

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Portfolio Holdings PIBAX

More PIBAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
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Micron Technology Inc

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