PGIM Balanced Fund
Data updated: 2026-08-26
C000012614 — PGIM Balanced Fund. Balanced Allocation · $1.09B AUM · 1.97% expense ratio. Holdings, fees, performance and SEC filings.
C000012614 Fund Overview
PGIM Balanced Fund is a US mutual fund managed by Prudential Investment Portfolios, Inc., categorised as Balanced Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Prudential Investment Portfolios, Inc.
- Category: Balanced Allocation
- Assets under management: $1.09B
- SEC CIK: 0000949512
- SEC series ID: S000004632
- Share class ID: C000012614
C000012614 Investment Objective and Strategy
PGIM Balanced Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Prudential Investment Portfolios, Inc..
Investment objective
The investment objective of the Fund is to seek income and long-term growth of capital .
Principal investment strategy
The Fund seeks to achieve its investment objective by investing in a portfolio of equity, fixed-income and money market securities that is actively managed to capitalize on opportunities created by perceived misvaluation. Quantitative Management Associates LLC (QMA), one of the Fund's subadvisers is responsible for allocating the Funds assets among equities, bonds and cash. QMA also manages the Funds equity portfolio. Normally the Fund will invest 45% to 70% of its total assets in equity and equity-related securities, including real estate investment trusts (REITs). Equity and equity-related securities in which the Fund primarily invests are common stocks and stock index futures. The Fund may invest up to 15% of its total assets in equity-related securities of small companies. QMA considers small cap stocks to include those in the Russell 2000 Index.
As of September 30, 2018, the largest company in the index was approximately $8.5 billion and the median capitalization was approximately $943 million. PGIM Fixed Income, the Fund's other subadviser, manages the Fund's fixed income portfolio. Under normal circumstances, 30% to 55% of the Fund's total assets are invested in fixed income securities. Fixed income securities include, but are not limited to debt obligations issued by the US government and its agencies, corporate debt securities, mortgage-related securities, and asset-backed securities. In managing the Funds assets, the subadviser uses a combination of top-down economic analysis and bottom up research in conjunction with proprietary quantitative models and risk management systems. In the top-down economic analysis, the subadviser develops views on economic, policy and market trends.
In its bottom-up research, the subadviser develops an internal rating and outlook on issuers. The rating and outlook is determined based on a thorough review of the financial health and trends of the issuer. The subadviser may also consider investment factors such as expected total return, yield, spread and potential for price appreciation as well as credit quality, maturity and risk. The Fund may invest in a security based upon the expected total return rather than the yield of such security. Normally, up to 35% of the Funds total assets may be invested in money market instruments, which include the commercial paper of US and non-US corporations, short-term obligations of US and foreign banks and short-term obligations guaranteed by the US Government or its agencies. The Fund may invest up to 35% of its total assets in non-US securities.
C000012614 Holdings
Top 10 holdings of PGIM Balanced Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp. | 3.44% |
| Apple, Inc. | 3.11% |
| Microsoft Corp. | 2.10% |
| Amazon.com, Inc. | 1.73% |
| Alphabet, Inc. | 1.64% |
| (PIPA070) PGIM Core Government Money Market Fund | 1.44% |
| Alphabet, Inc. | 1.35% |
| United States Of America - Bureau Of The Public Debt | 1.20% |
| Broadcom, Inc. | 1.14% |
| Applied Materials, Inc. | 0.87% |
C000012614 Portfolio Allocation
Asset-class allocation of PGIM Balanced Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 60.7% |
| Fixed Income | 21.3% |
| Securitized | 16.8% |
| Cash & Equivalents | 1.5% |
| Derivatives | 0.1% |
| Loans | 0.1% |
| Real Estate | 0.1% |
C000012614 Costs and Fees
C000012614 costs about $197 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.97%
- Gross expense ratio: 2.12%
- Portfolio turnover: 107%
- Brokerage commissions: 1.37 bps of average net assets (SEC N-CEN)
C000012614 Cashflows
Over the 12 months to 2026-06, PGIM Balanced Fund had net outflows of $1.19M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$4.83M |
| 2026-05 | −$10.07M |
| 2026-04 | −$8.47M |
| 2026-03 | −$5.18M |
| 2026-02 | −$7.39M |
| 2026-01 | −$4.88M |
C000012614 Debt Constituents
Largest debt holdings of PGIM Balanced Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Of America - Bureau Of The Public Debt | 1.20% |
| United States Of America - Bureau Of The Public Debt | 0.66% |
| United States Of America - Bureau Of The Public Debt | 0.64% |
| United States Of America - Bureau Of The Public Debt | 0.59% |
| United States Of America - Bureau Of The Public Debt | 0.47% |
| United States Of America - Bureau Of The Public Debt | 0.34% |
| United States Of America - Bureau Of The Public Debt | 0.31% |
| United States Of America - Bureau Of The Public Debt | 0.29% |
| United States Of America - Bureau Of The Public Debt | 0.28% |
| United States Of America - Bureau Of The Public Debt | 0.26% |
C000012614 Prospectus and SEC Filings
Official PGIM Balanced Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-11-25
- Prospectus (485BPOS) — filed 2024-11-25
- Prospectus supplement (497) — filed 2024-04-17
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-27
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2024-12-16
- Annual census (N-CEN) — filed 2023-12-13
Related Funds
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.