Morningstar Advisor - June/July 2013 - (Page 28)

PRUDENTIAL INVESTMENTS>>MUTUAL FUNDS HIGHLY RATED BY MORNINGSTAR. POWERED BY PRUDENTIAL INVESTMENTS. 66% of our Morningstar-rated funds (Class Z) have earned 4 or 5 stars.* And behind each of them is an asset manager dedicated to a particular investing discipline. It’s how Prudential Investments helps you build portfolios that are ready for just about any market challenge. Morningstar Overall Rating™ for Class Z shares as of 3/31/2013. Morningstar measures risk-adjusted returns. The overall rating is a weighted average based on a fund’s 3-, 5-, and 10-year star rating. PRUDENTIAL TOTAL RETURN BOND FUND, INC. (PDBZX) Among 1,004 Intermediate-Term Bond funds. The 3-, 5-, and 10-year ratings are 5 stars out of 1,004 funds, 5 stars out of 877 funds, and 5 stars out of 605 funds, respectively. PRUDENTIAL SHORT-TERM CORPORATE BOND FUND, INC. (PIFZX) Among 355 Short-Term Bond funds. The 3-, 5-, and 10-year ratings are 4 stars out of 355 funds, 5 stars out of 319 funds, and 5 stars out of 204 funds, respectively. PRUDENTIAL HIGH-YIELD FUND (PHYZX) Among 518 High Yield Bond funds. The 3-, 5-, and 10-year ratings are 4 stars out of 518 funds, 5 stars out of 462 funds, and 5 stars out of 324 funds, respectively. PRUDENTIAL MUNICIPAL HIGH-INCOME FUND (PHIZX) PRUDENTIAL CA MUNICIPAL INCOME FUND (PCIZX) PRUDENTIAL FINANCIAL SERVICES FUND (PFSZX) Among 154 High Yield Muni funds. The 3-, 5-, and 10-year ratings are 3 stars out of 154 funds, 5 stars out of 125 funds, and 5 stars out of 92 funds, respectively. Among 134 Muni California Long funds. The 3-, 5-, and 10-year ratings are 4 stars out of 134 funds, 4 stars out of 128 funds, and 5 stars out of 107 funds, respectively. Among 92 Financial funds. The 3-, 5-, and 10-year ratings are 3 stars out of 92 funds, 5 stars out of 82 funds, and 5 stars out of 66 funds, respectively. PRUDENTIAL GLOBAL REAL ESTATE FUND (PURZX) PRUDENTIAL JENNISON HEALTH SCIENCES FUND (PHSZX)** PRUDENTIAL JENNISON MID-CAP GROWTH FUND (PEGZX)*** Among 160 Global Real Estate funds. The 3-, 5-, and 10-year ratings are 4 stars out of 160 funds, 4 stars out of 130 funds, and 5 stars out of 26 funds, respectively. Among 129 Health funds. The 3-, 5-, and 10-year ratings are 4 stars out of 129 funds, 4 stars out of 119 funds, and 5 stars out of 98 funds, respectively. Among 645 Mid-Cap Growth funds. The 3-, 5-, and 10-year ratings are 4 stars out of 645 funds, 5 stars out of 564 funds, and 5 stars out of 417 funds, respectively. Consider a fund’s investment objectives, risks, charges, and expenses carefully before investing. The prospectus and the summary prospectus contain this and other information about the fund. Contact your financial professional for a prospectus and the summary prospectus. Read them carefully before investing. Only eligible investors, including various institutional investors and investors in certain mutual fund wrap or asset allocation programs, may purchase Class Z shares. See the prospectus for eligibility requirements. Mutual fund investing involves risks. Some funds are riskier than others. The risks associated with investing in these funds include but are not limited to: derivative securities, which may carry market, credit, and liquidity risks (All funds); short sales, which involve costs and the risk of potentially unlimited losses (PFSZX, PZTRX, PHYZX, JDEZX, PJFZX, PHSZX, PTWZX, SPFZX, PIFZX, PDBZX, SPVZX, PSCZX, PEGZX); leveraging, which may magnify losses (PZTRX, PGVZX, PHYZX, DNMZX, PIFZX, PDBZX); high yield (“junk”) bonds, which are subject to greater market risks (PCIZX, PZTRX, PHYZX, PHIZX, DNMZX, PIFZX, PDBZX); small/mid-cap stocks, which may be subject to more erratic market movements than large-cap stocks (SPVZX, PSCZX, PEGZX); foreign securities, which are subject to currency fluctuation and political uncertainty (PFSZX, PURZX, PZTRX, JDEZX, PJFZX, PHSZX, PTWZX, SPFZX, PDBZX, SPVZX, PSCZX, PEGZX); real estate, which poses certain risks related to overall and specific economic conditions as well as risks related to individual property, credit, and interest-rate fluctuations (PURZX); and mortgagebacked securities, which are subject to prepayment and extension risks (PZTRX, PGVZX, PIFZX, PDBZX). Sector funds and specialty funds may not be suitable for all investors. Such funds are non-diversified, so a loss resulting from a particular security will have greater impact on the fund’s return (PFSZX, PURZX, PZTRX, PHSZX, PTWZX, SPFZX). Fixed income investments are subject to

Table of Contents for the Digital Edition of Morningstar Advisor - June/July 2013

Morningstar Advisor - June/July 2013
Contents
Contributors
Letter From the Editor
Not Your Values
How Do You Use Alternatives for Clients?
Working to Build a Niche
How to Put Buffett’s Investing Philosophy into Practice
Sophisticated Strategies for the Masses
Investments á la Carte
Investment Briefs
The Percentile Trap
Defense Firms Will Stay Aloft
Beware the Lure of Diversification
Using Alternatives in Practice
Managed Futures and Cash Rates
The World Is Getting Grayer
Waiting to Pull Up Anchor
The Price of Managing Volatility
Let’s Get Back to Basics
Our Favorite Mutual Funds
50 Most-Popular Equity ETFs
Undervalued Stocks With Wide Moats
Mutual Fund Urban Myths

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