PGIM Balanced Fund (PABFX)
The fund invests in a portfolio of equity, fixed-income and money market securities that is actively managed to capitalize on opportunities created by perceived misvaluation. It will invest 45% to 70% of its total assets in equity and equity-related securities. Under normal circumstances, 30% to 55% of the fund's total assets are invested in fixed income securities. It may invest up to 15% of its total assets in equity-related securities of small companies.
Fund Info
ISIN | US74437E8599 |
---|---|
CUSIP | 74437E859 |
Issuer | PGIM Investments |
Inception Date | Jan 3, 1993 |
Category | Diversified Portfolio |
Min. Investment | $0 |
Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
PABFX has a high expense ratio of 0.78%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PABFX vs. PABAX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PGIM Balanced Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PGIM Balanced Fund had a return of 2.58% year-to-date (YTD) and 13.95% in the last 12 months. Over the past 10 years, PGIM Balanced Fund had an annualized return of 6.69%, while the S&P 500 had an annualized return of 10.37%, indicating that PGIM Balanced Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 2.58% | 5.57% |
1 month | -3.45% | -4.16% |
6 months | 15.38% | 20.07% |
1 year | 13.95% | 20.82% |
5 years (annualized) | 6.46% | 11.56% |
10 years (annualized) | 6.69% | 10.37% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.78% | 2.92% | 2.43% | |||||||||
2023 | -2.48% | 7.43% | 4.70% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PABFX is 74, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
PGIM Balanced Fund(PABFX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM Balanced Fund (PABFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PGIM Balanced Fund granted a 2.40% dividend yield in the last twelve months. The annual payout for that period amounted to $0.41 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.41 | $0.39 | $0.31 | $2.20 | $0.29 | $0.56 | $1.06 | $0.92 | $0.75 | $1.15 | $1.79 | $0.25 |
Dividend yield | 2.40% | 2.35% | 2.09% | 12.40% | 1.66% | 3.45% | 7.55% | 5.78% | 5.06% | 8.06% | 11.71% | 1.61% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Balanced Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | $0.06 | |||||||||
2023 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.14 |
2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 |
2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $2.01 |
2020 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 |
2019 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.37 |
2018 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.90 |
2017 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.77 |
2016 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.55 |
2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $1.00 |
2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.79 |
2013 | $0.25 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM Balanced Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PGIM Balanced Fund was 40.90%, occurring on Mar 9, 2009. Recovery took 523 trading sessions.
The current PGIM Balanced Fund drawdown is 3.45%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-40.9% | Oct 10, 2007 | 354 | Mar 9, 2009 | 523 | Apr 4, 2011 | 877 |
-27.36% | May 22, 2001 | 344 | Oct 9, 2002 | 300 | Dec 18, 2003 | 644 |
-26.46% | Feb 13, 2020 | 27 | Mar 23, 2020 | 107 | Aug 24, 2020 | 134 |
-21.24% | Jan 5, 2022 | 196 | Oct 14, 2022 | 329 | Feb 7, 2024 | 525 |
-12.75% | Aug 30, 2018 | 80 | Dec 24, 2018 | 81 | Apr 23, 2019 | 161 |
Volatility
Volatility Chart
The current PGIM Balanced Fund volatility is 2.93%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.