PGIM Income Builder Fund
Data updated: 2026-09-29
C000012794 — PGIM Income Builder Fund. United States Blend / Core Equity · $254.73M AUM · 1.70% expense ratio. Holdings, fees, performance and SEC filings.
C000012794 Fund Overview
PGIM Income Builder Fund is a US mutual fund managed by Prudential Investment Portfolios 16, categorised as United States Blend / Core Equity. 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 16
- Category: United States Blend / Core Equity
- Assets under management: $254.73M
- SEC CIK: 0001067442
- SEC series ID: S000004703
- Share class ID: C000012794
C000012794 Investment Objective and Strategy
PGIM Income Builder Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Prudential Investment Portfolios 16.
Investment objective
The investment objective of the Fund is to seek income and long-term capital growth .
Principal investment strategy
In order to achieve its investment objective, the Fund seeks investments that are expected to both generate income and appreciate in value. The Fund seeks to achieve its investment objectives by investing in a diversified portfolio consisting of a wide variety of income-oriented investments and strategies within the equity and fixed income market segments. The Fund may invest approximately 20% to 80% of its total assets in equity and equity-related securities. The Fund also may invest approximately 20% to 80% of its total assets in fixed income investments. The Fund gains exposure to the equities and fixed income market segments by investing in varying combinations of other Prudential mutual funds (the Underlying Prudential Funds), exchange-traded funds (ETFs, and together with the Underlying Prudential Funds, the Underlying Funds) and direct investments by the Fund's subadvisers.
Investments in Underlying Funds will be included in the applicable market segment based on the primary investment focus of the Underlying Funds. Quantitative Management Associates LLC (QMA), one of the Funds subadvisers, will tactically allocate the Fund's assets among the different sub-classes within equities and equity-related securities and fixed income investments. Asset allocation decisions will be determined using a combination of quantitative tools and the judgment of QMA's investment professionals. To the extent consistent with the Funds investment objective, QMAs asset allocation also may tactically invest up to 10% of the Funds total assets in a variety of ETFs, futures and swaps in new or current sub-classes within equities and fixed income investments (the 10% allocation). Equity and Equity-Related Securities.
The Fund's equity and equity-related securities include common stock, securities convertible or exchangeable for common stock or the cash value of such common stock, structured notes, preferred securities, warrants and rights, Underlying Prudential Funds, ETFs, investments in various types of business ventures including partnerships and joint ventures and business development companies, real estate securities, securities of real estate investment trusts (REITs) and income and royalty trusts, American Depositary Receipts and other similar securities issued by US or foreign companies of any market capitalization. The Fund may invest in securities issued in an initial public offering (IPO). The Fund may invest up to 25% of total assets in publicly-traded master limited partnerships (MLPs). Fixed Income Investments.
PGIM Fixed Income serves as the subadviser for the Funds fixed income investments. The Fund's fixed income investments include Underlying Funds and all types of bonds of varying maturities and credit quality (including junk bonds), such as US Government securities, debentures, notes, commercial paper, mortgage-related and asset-backed securities, convertibles, loan assignments and participations, corporate debt securities, money market instruments, foreign securities (including emerging market securities) and other similar investments. Such investments may be denominated in US or foreign currencies (including currencies of emerging markets) and may consist of fixed income instruments of companies or governments of US or foreign issuers, including emerging markets. The Fund's investments in high yield fixed income investments (commonly referred to as junk bonds) generally are rated either Ba1 or lower by Moodys Investors Service (Moodys), BB+ or lower by S&P Global Ratings (Standard & Poors), or comparably rated by another nationally recognized statistical rating organization (NRSRO), or, if unrated, are considered by PGIM Fixed Income to be of comparable quality.
In managing the Funds assets, PGIM Fixed Income 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, PGIM Fixed Income develops views on economic, policy and market trends. In its bottom-up research, PGIM Fixed Income develops an internal rating and outlook on issuers. The rating and outlook is determined based on a complete review of the financial health and trends of the issuer. PGIM Fixed Income 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.
C000012794 Holdings
Top 10 holdings of PGIM Income Builder Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Prudential World Fund, Inc. | 13.52% |
| Prudential World Fund, Inc. | 13.44% |
| Prudential Investment Portfolios 9 | 13.31% |
| Prudential Investment Portfolios 9 | 12.03% |
| Prudential Investment Portfolios 18 | 11.15% |
| PGIM ETF Trust | 8.50% |
| PGIM ETF Trust | 7.34% |
| Prudential Investment Portfolios 2 | 3.33% |
| Spdr Series Trust | 2.87% |
| Ishares Trust | 1.98% |
C000012794 Portfolio Allocation
Asset-class allocation of PGIM Income Builder Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.0% |
| Cash & Equivalents | 3.3% |
| Fixed Income | 0.2% |
C000012794 Costs and Fees
C000012794 costs about $170 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.70%
- Gross expense ratio: 3.46%
- Portfolio turnover: 23%
- Brokerage commissions: 0.31 bps of average net assets (SEC N-CEN)
C000012794 Cashflows
Over the 12 months to 2026-04, PGIM Income Builder Fund had net outflows of $5.31M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$1.87M |
| 2026-03 | $234.50K |
| 2026-02 | $495.19K |
| 2026-01 | $50.05K |
| 2025-12 | $219.08K |
| 2025-11 | $451.40K |
C000012794 Debt Constituents
Largest debt holdings of PGIM Income Builder Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Nextera Energy, Inc. | 0.19% |
C000012794 Prospectus and SEC Filings
Official PGIM Income Builder Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-18
- Prospectus (485BPOS) — filed 2025-02-13
- Prospectus (485BPOS) — filed 2024-02-15
- Portfolio holdings (N-PORT) — filed 2026-09-29
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-30
- Annual census (N-CEN) — filed 2026-01-13
- Annual census (N-CEN) — filed 2025-01-14
Related Funds
Other United States Blend / Core Equity funds tracked on ABC INVEST:
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.