PGIM Balanced Fund- Class R
PALRX
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
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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 16, 2004
- CIK
- 0000949512
- Website
- pgim.com
- Similar Companies
- Business
- PGIM Balanced Fund-Class R (PALRX) is an open-end mutual fund that seeks income and long-term growth of capital through an actively managed portfolio of domestic and international equity securities, fixed-income instruments, and money market securities designed to capitalize on perceived misvaluations; it normally allocates 45% to 70% of total assets to equities and equity-related securities, including up to 15% in small-cap equities, and 30% to 55% to fixed-income securities such as U.S. government-related bonds, investment-grade corporates, high-yield bonds, mortgage-backed securities, asset-backed securities, and collateralized loan obligations, with the remainder in cash equivalents and other assets. The fund, classified in the Morningstar Moderate Allocation category with a blend equity style and mid-quality, moderate-duration bond approach, features top holdings including NVIDIA Corp, Apple Inc, Microsoft Corp, PGIM ETFs, and Broadcom Inc, alongside sector exposures led by information technology (30%), financials (14.7%), and industrials (10.3%) in equities, and U.S. government-related (25.5%), investment-grade corporates (24.7%), and asset-backed securities (15.9%) in fixed income; it targets retail and institutional investors in the United States with a net expense ratio of 1.47%, daily pricing, and no minimum initial investment. Launched on December 17, 2004, and domiciled in the United States, PALRX is managed by a team from PGIM Investments, the retail arm of PGIM headquartered in Newark, New Jersey—the asset management division of Prudential Financial with over $1.3 trillion in assets under management across fixed income, equities, real estate, alternatives, and multi-asset solutions globally through 42 offices in 19 countries. Recent portfolio managers added in September 2023 include Matthew Angelucci and Tyler Thorn, complementing the longstanding team of Stacie Mintz (since 2005), Joel Kallman (since 2009), Richard Piccirillo (since 2013), Gregory Peters (since 2014), Edward Lithgow (since 2014), Robert Tipp (since 2020), and Marco Aiolfi (since 2022), amid a 107% turnover ratio and total net assets of approximately $1.01 billion. In the broader PGIM context, the firm has pursued strategic expansions within the last two years, including a December 2025 agreement to partner with Deerpath Capital to enhance its private credit alternatives platform in the lower middle market; a partnership with Partners Group announced in September 2025 for multi-asset solutions blending public and private markets; an expanded capital partnership with Affirm in June 2025 for up to $3 billion in revolving loan facilities; and a December 2025 strategic joint venture with Lincoln Property Company for healthcare real estate acquisitions totaling 193,000 square feet initially, alongside $346.9 million in real estate fund acquisitions through PGIM Private Real Estate Fund.