Prudential Investments, a segment of Prudential Financial, 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 $1.2 trillion in assets under management (as of Mar 31, 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 – Free Report) 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 4.4%.
Susan Courtney is one of the fund managers of PRHAX since April 2005.
Prudential Jennison Mid-Cap Growth A (PEEAX – Free Report) invests a large chunk of its assets in equity and related securities of mid-cap companies, which have above-average growth prospects. PEEAX seeks appreciation of capital for the long run. Prudential Jennison Mid-Cap Growth A has three-year annualized returns of 6.6%.
PEEAX has an expense ratio of 1.06% compared with the category average of 1.20%.
Prudential QMA Small-Cap Value Retirement (TSVRX – Free Report) 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 9.7%.
As of May 2018, TSVRX held 302 issues with 1.15% of its assets invested in American Equity Investment Life Holding Co.
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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