Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
1.17% 325.51M 7.36% 23.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
-38.01M -16.89% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks total return. The fund seeks to provide total return through a combination of current income and capital appreciation. It normally invests at least 80% of its investable assets in master limited partnerships (MLPs) and MLP related investments (together, MLP investments). The term "investable assets" refers to the fund's net assets plus any borrowings for investment purposes. The fund's investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. It is non-diversified.
General
Security Type Mutual Fund
Oldest Share Symbol PRPZX
Equity Style Mid Cap/Value
Fixed Income Style --
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Energy Limited Partnership
Category Index Morningstar MLP Composite TR USD
Prospectus Objective Growth and Income
Fund Owner Firm Name PGIM Funds (Prudential)
Prospectus Benchmark Index
Alerian MLP TR USD 100.0%
Broad Asset Class Benchmark Index
^MSWNTR 100.0%
Manager Tenure
Shaun Hong 6.88 yrs
Ubong (Bobby) Edemeka 6.88 yrs
Stephen Maresca 4.30 yrs

Net Fund Flows Versus Category

View Net Fund Flows. Upgrade now.
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 49
-38.01M
-1.007B Category Low
233.58M Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of October 31, 2020

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
--
--
--
--
--
--
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As of November 25, 2020. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

Edit comparables
Name
2013
2014
2015
2016
2017
2018
2019
YTD
--
11.05%
-34.35%
25.92%
-4.35%
-14.16%
15.25%
-21.41%
26.68%
4.94%
-0.87%
7.51%
22.40%
-8.71%
27.67%
11.45%
--
7.60%
-32.43%
19.18%
-6.47%
-14.66%
7.33%
-30.20%
--
3.78%
-36.96%
30.30%
-0.11%
-15.22%
15.80%
-13.16%
19.29%
12.70%
-35.77%
35.27%
-5.60%
-14.61%
15.90%
-14.71%
18.76%
8.26%
-22.15%
15.51%
-6.57%
-13.63%
8.60%
-33.47%
As of November 25, 2020.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (11-25-20) 7.36%
30-Day SEC Yield (6-30-16) Upgrade
7-Day SEC Yield (11-25-20) Upgrade
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 14.85
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of October 31, 2020

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of October 31, 2020

Asset Allocation

As of October 31, 2020.
Type % Net % Long % Short
Cash 1.24% Upgrade Upgrade
Stock 98.76% Upgrade Upgrade
Bond 0.00% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
NextEra Energy Partners LP 7.92% 65.10 1.29%
Williams Companies Inc 7.45% 21.64 0.09%
Enterprise Products Partners LP 7.08% 20.25 -0.54%
MPLX LP Partnership Units 6.97% 22.33 0.27%
Enbridge Inc 6.17% 41.27 0.12%
TC Energy Corp 4.79% 58.92 0.03%
Targa Resources Corp 4.65% 25.10 0.48%
Kinder Morgan Inc Class P 4.41% 14.80 -0.34%
Equitrans Midstream Corp 4.13% 8.59 0.59%
Pembina Pipeline Corp 3.98% 33.91 -0.26%

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee Upgrade
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment Upgrade
Minimum Subsequent Investment Upgrade

Basic Info

Investment Strategy
The investment seeks total return. The fund seeks to provide total return through a combination of current income and capital appreciation. It normally invests at least 80% of its investable assets in master limited partnerships (MLPs) and MLP related investments (together, MLP investments). The term "investable assets" refers to the fund's net assets plus any borrowings for investment purposes. The fund's investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. It is non-diversified.
General
Security Type Mutual Fund
Oldest Share Symbol PRPZX
Equity Style Mid Cap/Value
Fixed Income Style --
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Energy Limited Partnership
Category Index Morningstar MLP Composite TR USD
Prospectus Objective Growth and Income
Fund Owner Firm Name PGIM Funds (Prudential)
Prospectus Benchmark Index
Alerian MLP TR USD 100.0%
Broad Asset Class Benchmark Index
^MSWNTR 100.0%
Manager Tenure
Shaun Hong 6.88 yrs
Ubong (Bobby) Edemeka 6.88 yrs
Stephen Maresca 4.30 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (11-25-20) 7.36%
30-Day SEC Yield (6-30-16) Upgrade
7-Day SEC Yield (11-25-20) Upgrade
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 14.85
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of October 31, 2020

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of October 31, 2020

Fund Details

Key Dates
Inception Date 12/18/2013
Last Annual Report Date 11/30/2019
Last Prospectus Date 1/30/2020
Share Classes
PRPAX A
PRPCX C
PRPQX Retirement
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No