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PRUDENTIAL QMA STRATEGIC VALUE FUND
JUNE 30, 2017
Class Q and Z
Morningstar Overall Rating™ out of 1,091
Large Value funds, as of 6/30/2017.
Morningstar measures risk-adjusted returns. The
overall rating is a weighted average based on
the Fund's 3-, 5-, and 10-year star rating.‡
Seeks long-term growth by investing
in stocks of large U.S. companies
believed to be undervalued by the
managers. The Fund may be
suitable for investors looking to
complement the large-cap growth
portion of a portfolio and who seek
large, established companies that
are considered to be relatively
inexpensive.
STYLE
Large Value
FUND FACTS
Class
Ticker
CUSIP
Assets ($mil)
A......................................................................................
SUVAX
74440K108
26
B......................................................................................
SUVBX
74440K207
1
C......................................................................................
SUVCX
74440K306
13
Q......................................................................................
SUVQX
74440K538
32
R
PRVRX
74440K736
243
......................................................................................
Z......................................................................................
SUVZX
74440K405
70
Total Net Assets
385
FUND STATISTICS
Average Weighted Market Cap ($mil)
89,609.9
......................................................................................
P/E
(Price/Earnings) Ratio
14.0
......................................................................................
R-Squared
0.98
......................................................................................
Standard
Deviation
(3-year)
11.38
......................................................................................
Turnover Ratio (12-month %)
126
LARGEST HOLDINGS (% OF ASSETS)
1
2
3
4
5
6
7
8
9
10
SECTOR (VS BENCHMARK)
JPMorgan Chase
Wells Fargo
Bank of America
AT&T
Exxon Mobil
Berkshire Hathaway
Citigroup
Johnson & Johnson
Wal-Mart Stores
Intel
3.5%
2.7%
2.4%
2.4%
2.4%
1.9%
1.9%
1.8%
1.7%
1.7%
Top Ten of 164
22.4%
LARGEST INDUSTRIES (% OF ASSETS)
1
2
3
4
5
Banks
Insurance
Oil, Gas & Consumable Fuels
Healthcare Providers & Services
Electric Utilities
16.4%
7.8%
7.2%
5.8%
5.1%
Fund
Overweight
(% of Assets) Underweight
35.1%
9.6%
14.2%
7.3%
10.9%
–3.3%
8.0%
–2.5%
6.3%
0.2%
6.3%
–2.4%
5.6%
–2.4%
5.2%
–4.0%
4.2%
1.5%
2.8%
–0.3%
0.8%
–4.2%
0.3%
—
—
0.3%
Sector
Financials
Consumer Discretionary
Healthcare
Energy
Industrials
Utilities
Information Technology
Consumer Staples
Materials
Telecom. Services
Real Estate
Other
Cash/Equiv
GROWTH OF $10,000 (CLASS Z)
20
DOLLAR (THOUSANDS)
★★★★
$10,000
$16,772
15
10
5
0
Year 6/07
6/08
6/09
6/10
6/11
6/12
6/13
6/14
6/15
6/16
6/17
CALENDAR YEAR PERFORMANCE (CYP) REPRESENTS A FULL YEAR'S PERFORMANCE (%) (CLASS Z)
YEAR
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Fund
–2.02
–35.31
20.01
13.71
0.46
12.51
34.08
13.06
–6.04
22.83
................................................................................................................................................................................................................
Russell 1000 Value Index
Benchmark†
–0.17
–36.85
19.69
15.51
0.39
17.51
32.53
13.45
–3.83
17.34
Past performance does not guarantee future results. Graph and CYP do not include the effects of sales charges and reflect reinvestment
of all distributions. If sales charges were included, returns would have been lower. Holdings/allocations may vary. Largest holdings
excludes cash, cash equivalents, money market funds and enhanced cash strategies. Totals may not sum due to rounding. This is not
a recommendation to buy or sell any security listed.
PORTFOLIO MANAGEMENT
Subadvisor: QMA
Managing assets since 1975
FUND PORTFOLIO MANAGERS
Stephen Courtney
Mitchell Stern, PhD
Robert Leung, CFA
pgiminvestments.com (800) 225-1852
The Fund may invest in foreign securities, which are subject to currency fluctuation and political uncertainty; short sales, which
involve costs and the risk of potentially unlimited losses; and derivative securities, which may carry market, credit, and liquidity risks.
These risks may increase the Fund's share price volatility. There is no guarantee the Fund's objective will be achieved.
AVERAGE ANNUAL TOTAL RETURNS (%) AS OF 6/30/2017
Total Returns (Without Sales Charges)
Share Class
YTD
1-year
3-year
5-year
10-year
SI
Inception Date
Class
A
3.82
22.09
7.41
13.99
5.04
5.76
03/30/2001
...............................................................................................................................................................................................................
Class
B
3.49
21.17
6.63
13.15
4.27
4.97
03/30/2001
...............................................................................................................................................................................................................
Class C
3.42
21.19
6.63
13.14
4.26
4.97
03/30/2001
...............................................................................................................................................................................................................
Class Q
—
—
—
—
—
1.14
04/26/2017
...............................................................................................................................................................................................................
Class R
3.69
21.83
—
—
—
8.52
06/19/2015
...............................................................................................................................................................................................................
Class Z
3.92
22.38
7.70
14.27
5.31
6.02
03/30/2001
SEC Standardized Returns (With Sales Charges)
Class A
—
15.38
5.41
12.70
4.44
5.39
03/30/2001
...............................................................................................................................................................................................................
Class B
—
16.17
5.87
13.03
4.27
4.97
03/30/2001
...............................................................................................................................................................................................................
Class
C
—
20.19
6.63
13.14
4.26
4.97
03/30/2001
...............................................................................................................................................................................................................
Class Q
—
—
—
—
—
1.14
04/26/2017
...............................................................................................................................................................................................................
Class
R
—
21.83
—
—
—
8.52
06/19/2015
...............................................................................................................................................................................................................
Class Z
—
22.38
7.70
14.27
5.31
6.02
03/30/2001
Russell 1000 Value Index
Benchmark†
4.66
15.53
7.36
13.94
5.57
7.14
03/31/2001
Past performance does not guarantee future results, and current performance may be lower or higher than the past performance
data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the
original cost. For the most recent month-end performance, visit our website at pgiminvestments.com. Maximum sales charges:
Class A, 5.5%; Class B, 5.0%; Class C, 1.0%. Gross operating expenses: Class A, 1.29%; Class B, 1.99%; Class C, 1.99%; Class
Q, 0.88%; Class R, 1.74%; Class Z, 0.99%. Net operating expenses apply to: Class A, 1.07%; Class B, 1.82%; Class C, 1.82%;
Class Q, 0.80%; Class R, 1.32%; Class Z, 0.82%, after contractual reduction through 6/30/2018. Class B shares are closed.
Source: Benchmarks and statistics, Lipper Inc. All other data from PGIM, Inc. (PGIM). Total return describes the return to the investor
after net operating expenses but before any sales charges are imposed. SEC standardized return describes the return to the investor
after net operating expenses and maximum sales charges are imposed. All returns assume share price changes as well as the compounding
effect of reinvested dividends and capital gains. Returns may reflect fee waivers and/or expense reimbursements. Without such, returns
would be lower. All returns 1-year or less are cumulative. Class Q and Z shares may be available to group retirement plans and institutional
investors through certain retirement, mutual fund wrap and asset allocation programs and to institutions at an investment minimum
of $5,000,000. All data is unaudited and subject to change.
†
The Russell 1000® Value Index is unmanaged and measures the performance of those Russell 1000 companies with lower price-to-book
ratios and lower forecasted growth values. The index and Russell are trademarks of the Frank Russell Company. An investment cannot
be made directly in an index.
Enhanced cash strategies are variations on traditional money market vehicles. They are designed to provide liquidity and principal
preservation, but with more of an emphasis on seeking returns that are superior to those of traditional money market offerings.
Average weighted market capitalization is the average market capitalization of stocks in a fund, each weighted by its proportion of
assets. The P/E Ratio (Source: Morningstar, Inc.) relates the price of a stock to the per-share earnings of the company. P/E is calculated
using a harmonic weighted average, which excludes outliers that can easily skew results. R-Squared is a measure of how much of a
portfolio’s performance can be explained by the returns from the overall market (or a benchmark index). If a portfolio’s total return
precisely matched that of the overall market or benchmark, its R-squared would be 1.00. If a portfolio’s return bore no relationship to
the market’s returns, its R-squared would be 0. R-squared is calculated based on the date that QMA took over management of the
Fund (9/30/05). Standard deviation depicts how widely returns vary around its average and is used to understand the range of returns
most likely for a given fund. A higher standard deviation generally implies greater volatility. Turnover Ratio is the rate of trading in
a portfolio, higher values imply more frequent trading. An investment cannot be made directly in an index. Due to data availability,
statistics may not be as of the current reporting period.
‡
Source: Morningstar. The Morningstar Rating may not be calculated based on its share class adjusted historical returns. If so, this
investment’s independent Morningstar Rating metric uses the fund's oldest share class to determine its hypothetical rating for certain
time periods.The Fund's Overall, 3-, 5-, and 10-year Star Ratings/Funds in Category are as follows: Class A - 3/1,091, 3/1,091, 4/936
and 3/681; Class B - 3/1,091, 3/1,091, 3/936 and 2/681; Class C - 3/1,091, 3/1,091, 3/936 and 2/681; Class Q - 4/1,091, 4/1,091,
4/936 and 3/681; Class R - 3/1,091, 3/1,091, 3/936 and 2/681; Class Z - 4/1,091, 4/1,091, 4/936 and 3/681, respectively.
The Morningstar Rating for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and
variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded
funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar
Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis
on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars,
the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The
Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its
three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of
total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year
rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the
most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all
three rating periods.
© 2017 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content
providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor
its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not
guarantee future results.
Mutual funds are distributed by Prudential Investment Management Services LLC, a Prudential Financial company and member SIPC.
Quantitative Management Associates LLC, (QMA) is a wholly owned subsidiary of PGIM. QMA and PGIM are registered investment advisers
and Prudential Financial companies. © 2017 Prudential Financial, Inc. and its related entities. QMA, Quantitative Management Associates,
Prudential, the Prudential logo, and the Rock symbol, are service marks of Prudential Financial, Inc. and its related entities, registered
in many jurisdictions worldwide.
MF502D1
0154217-00037-00 Expiration: 10/31/2017
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purposes only. The information is not intended as
investment advice and is not a recommendation about
managing or investing assets. In providing these materials
PGIM Investments is not acting as your fiduciary as defined
by the Department of Labor.
Mutual funds are not insured by the FDIC or any federal
government agency, may lose value, and are not a deposit
of or guaranteed by any bank or any bank affiliate.
Consider a fund’s investment objectives, risks, charges,
and expenses carefully before investing. The prospectus
and summary prospectus contain this and other
information about the fund. Contact your financial
professional for a prospectus and summary prospectus.
Read them carefully before investing.
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