Fund Evaluator:
PGIM Income Builder C (PCCFX)
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Best Performing in Global Moderate Allocation Over the Last Year
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Fund Details
PGIM Income Builder C Overview
PGIM Income Builder C (PCCFX) is an actively managed Allocation Global Moderate Allocation fund. PGIM launched the fund in 1998.
The investment seeks income and long-term capital growth. The fund seeks to achieve its investment objective by investing in a diversified portfolio consisting of a wide variety of income-oriented investments and strategies within the equity and fixed income market segments. It may invest approximately 20% to 80% of its total assets in equity and equity-related securities. The fund also may invest approximately 20% to 80% of its total assets in fixed income investments.
About PGIM Income Builder C (PCCFX)
There are 5 members of the management team with an average tenure of 8.37 years: Rory Cummings (2014), Marco Aiolfi (2022), Manoj Rengarajan (2024), Shaun Hong (2014), Ubong (Bobby) Edemeka (2014). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Bloomberg US Agg Bond TR USD index with a weighting of 100%. PGIM Income Builder C has 66 securities in its portfolio. The top 10 holdings constitute 84.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
PGIM Income Builder C is part of the Allocation global asset class and is within the Allocation fund group. PGIM Income Builder C has 35.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 27.5%. There is 20.3% allocated to foreign stock, and 3.8% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 42.8% (27.7% domestic bond, 15.1% foreign bond and 2.5% convertible bond). PGIM Income Builder C has 1.7% of the portfolio in cash.
Assets Under Management
The fund has $17 million in total assets, which is below the $947 million average for the Global Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PCCFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The PGIM Income Builder C expense ratio is high compared to funds in the Global Moderate Allocation category. PGIM Income Builder C has an expense ratio of 1.70%, which is 63% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. PGIM Income Builder C has a portfolio turnover rate of 23%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 64% for the Global Moderate Allocation category.
Recently, in the month of July 2026, PGIM Income Builder C returned -1.0%, which earned it a grade of D, as the Global Moderate Allocation category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
PGIM Income Builder C has a trailing yield of 3.83%, which is above the 2.61% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
PGIM Income Builder C Grades
Year to date, the fund has returned 7.8%, 0.3 percentage points worse than the category, which translates into a grade of C. The fund has returned 13.7% over the past year (grade of D), 12.5% over the past three years (grade of B) and 6.1% per year over the past five years (grade of C) and 5.7% per year over the past 10 years (grade of F).
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PCCFX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PCCFX Return (NAV) | -1.0% | 0.6% | 13.7% | 12.5% | 6.1% | 5.7% |
| PCCFX Grade | D | F | D | B | C | F |
| +/- Category | -1.2% | -1.5% | -2.3% | 0.6% | -0.1% | -1.5% |
| Global Moderate Allocation Avg | 0.3% | 2.1% | 16.0% | 11.9% | 6.2% | 7.3% |
| PCCFX Tax Cost Ratio | na | na | 1.3% | 1.9% | 1.8% | 1.6% |
PCCFX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PCCFX Return (NAV) | 7.8% | 13.3% | 12.0% | 9.9% | -11.6% | 9.5% | 2.0% | 18.6% | -7.2% | 7.1% | 8.6% |
| PCCFX Grade | C | F | A | F | B | D | F | B | D | F | B |
| +/- Category | -0.3% | -2.8% | 3.6% | -2.4% | 1.8% | -2.1% | -7.8% | 1.0% | -0.1% | -6.9% | 1.9% |
| Global Moderate Allocation Avg | 8.1% | 16.1% | 8.4% | 12.2% | -13.4% | 11.6% | 9.8% | 17.7% | -7.1% | 14.0% | 6.6% |
| Risk Measures | |
| Standard Deviation: | 8.0% |
| Total Risk Index: | 0.65 - Below Average |
| Category Risk Index: | 0.88 - Low |
| Category Risk Grade: | A (10% Rank) |
| Beta: | 0.82 |
| R-Squared: | 91% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 3.8% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $254 Mil |
| Fund Total Assets: | $ 17 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 23% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 11.9 years | |||
| Average Tenure: 8.4 years | |||
| Managers (Year): Cummings Rory (2014), Hong Shaun (2014), Edemeka Ubong (Bobby) (2014), Aiolfi Marco (2022), Rengarajan Manoj (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 66 |
| % in Top 10 Holdings: | 84.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 35.4% |
Portfolio Allocation |
|
| Domestic Stock: | 27.5% |
| Foreign Stock: | 20.3% |
| Preferred Stock: | 3.8% |
| Domestic Bond: | 27.7% |
| Foreign Bond: | 15.1% |
| Convertible Bond: | 2.5% |
| Other: | 1.4% |
| Cash: | 1.7% |
Purchase Information
| Fund Family: | PGIM |
| Phone Number: | 800-225-1852 |
| Website: | www.prudential.com |
| Status: | Open |
| Inception Date: | November 18, 1998 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.70% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.04% |
| Share Class: | PGIM Income Builder Z |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
