PGIM Balanced Fund
PABFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 655 Broad St. 17th Floor Newark NJ United States of America 07102
- IPO Date
- Dec 31, 1992
- CIK
- 0000949512
- Website
- pgim.com
- Similar Companies
- Business
- PGIM Balanced Fund (PABFX) is an actively managed open-end mutual fund that seeks a balance of income and long-term capital growth through investments in a diversified portfolio of domestic and international equities, fixed-income securities, and money market instruments. The fund allocates 45% to 70% of its total assets to equity and equity-related securities, including large-cap blend stocks such as Nvidia Corp, Apple Inc, and Microsoft Corp; 30% to 55% to fixed-income securities encompassing investment-grade corporates, high-yield bonds, mortgage-backed securities, asset-backed securities, U.S. government-related debt, and collateralized loan obligations; and up to 35% to money market instruments, with up to 15% in small-cap equity-related securities. It offers multiple share classes including Class Z (PABFX, net expense ratio 0.78%), Class A, Class C, Class R, and Class R6, targeting individual and institutional investors seeking diversified exposure across sectors like information technology (30% of equities), financials, industrials, healthcare, and fixed-income categories such as U.S. government related (25.5%), investment-grade corporates (24.7%), and ABS (15.9%). Managed by Prudential Investments LLC, doing business as PGIM Investments, a subsidiary of PGIM, the global investment management business of Prudential Financial, Inc., the fund is headquartered in Newark, New Jersey, with inception on January 3, 1993, and total net assets exceeding $1 billion as of December 2025 across classes. PGIM Balanced Fund operates primarily in U.S. markets but includes international equities (11.7% allocation) and emerging markets debt exposure, serving retail and intermediary investors through a blend strategy with a 3-year standard deviation of 9.46% and portfolio turnover of 107%. In recent developments, PGIM Investments, the fund's sponsor, ranked #4 in Barron’s Best Fund Families over the 1-year period ended December 31, 2024, among 48 qualifying families based on asset-weighted returns, reflecting strong performance with PABFX delivering 7.51% YTD and 10.26% over 12 months as of late 2025. The fund maintained its active management approach amid market volatility, with portfolio characteristics showing an average weighted market cap of $196.6 billion, P/E ratio of 20.7, and fixed-income duration of 5.9 years, while contracting expense ratio waivers through January 31, 2027. No major acquisitions, partnerships, or structural changes specific to the fund were reported in the last 1-2 years, though PGIM Quantitative Solutions, part of the broader PGIM affiliate, continues quantitative enhancements initiated since its 1975 founding.