About PALRX
PGIM Balanced Fund – Class R is a moderate allocation mutual fund designed to provide a blend of income and long-term capital growth. The fund achieves its objectives by investing across several asset classes, including equities, fixed income, and money market instruments. Its portfolio typically maintains a strategic balance, generally allocating between 50% and 70% to equities, with the remainder in bonds and cash equivalents, aiming for a level of volatility suitable for investors seeking both capital preservation and appreciation. The fund implements a core-plus bond strategy alongside a quantitative equity mandate, drawing on the expertise of multiple specialized teams to construct a diversified portfolio. Notably, PGIM Balanced Fund impacts diverse sectors such as consumer defensive, utilities, energy, and basic materials. Since its inception in 2004, it has served investors seeking a professionally managed, multi-asset solution that responds to changing market conditions while targeting competitive risk-adjusted returns within its category.
Fund Family PGIM
Category Allocation--50% to 70% Equity
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol PALRX
Share Class Class R
Index S&P 500 TR
PALRX had a total return of 9.44% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.82%.
