Prudential (LON:PRU) Investments, a segment of Prudential Financial (NYSE:PRU), 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 United States, 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 $1.4 trillion in assets under management (as of Sep 30, 2018).
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 Municipal High-Income A PRHAX 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 expected to provide tax-free returns. 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 three-year annualized returns of 3.1%.
Susan Courtney has been one of the fund managers of PRHAX since April 2005.
Prudential Muni High Income Z PHIZX invests a major part of its assets in fixed-income securities like municipal bonds that are issued by municipalities and states. The fund mainly focuses on bonds that offer interest income exempted from regular federal income tax. PHIZX may also invest in municipal bonds whose interest income is subjected to the federal alternative minimum tax. Prudential Muni High Income Z has three-year annualized returns of 3.4%.
PHIZX has an expense ratio of 0.62% compared with a category average of 0.95%.
Prudential QMA Small-Cap Value Retirement TSVRX 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 three-year annualized returns of 4.4%.
As of November 2018, TSVRX held 348 issues with 1.31% of its assets invested in Tech Data Corp.
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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