PGIM Balanced Fund (PABFX)
PGIM Balanced Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Newark, NJ, US. The stock last traded at $19.60, up 0.41% on the session, giving a market capitalisation of $1.07B. Its beta of 0.97 implies it has historically moved less than the broad market.
This actively managed fund strategically allocates its capital across equities, bonds, and money market instruments, aiming to capitalize on perceived market inefficiencies. A significant portion, specifically 45% to 70% of its total assets, is dedicated to stocks and other equity-linked securities. Under typical market conditions, the fund allocates between 30% and 55% of its overall holdings to fixed-income investments. Additionally, it has the flexibility to commit up to 15% of its total assets to equity-related securities issued by small companies.
PGIM Balanced Fund is most often compared with the following Financial Services names: