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3 Prudential Mutual Funds For Spectacular Gains

Published 02/14/2019, 07:14 AM
Updated 07/09/2023, 06:31 AM

Prudential (LON:PRU) Investments, now known as PGIM Investments, had more than $1.4 trillion of assets under management as Dec 31, 2018. This segment of Prudential Financial (NYSE:PRU), 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 through 15 offices in 15 different countries over four continents.

The fund manager has more than 1,100 investment professionals, at least 300 senior executives and portfolio managers, and more than 700 permanent and rotational analysts. Its experienced workforce provides 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 four top-ranked 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 Global Real Estate A PURAX seeks income and capital growth. The fund invests heavily in equity securities of real estate companies as well as real estate investment trusts (REITs) and other real estate securities. Prudential Global Real Estate A has three-year annualized returns of 6.9%.

Rick J. Romano is one of the fund managers of PURAX since 2007.

Prudential QMA Small-Cap Value A TSVAX invests a bulk of its assets in equity securities of small-cap companies whose market cap falls within the range of either the Standard & Poor's SmallCap 600 index or the Russell 2000 index. The fund may also invest around one-fourth of its assets in REITs. Prudential QMA Small-Cap Value A has three-year annualized returns of 12.3%.

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As of December 2018, TSVAX held 334 issues, with 1.12% of its assets invested in MGIC Investment Corp.

Prudential High-Yield A PBHAX 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 below investment grade securities or "junk bonds." Prudential High-Yield A fund has three-year annualized returns of 8.9%.

PBHAX has an expense ratio of 0.80% compared with the category average of 1.02%.

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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