Morningstar Advisor - October/November 2012 - (Page Intro)

PRudEnTIal InvESTMEnTS » MuTual FundS EVEN WHEN YIELDS ARE LOW, INCOME OPPORTUNITIES MAY BE HIGH. Today, more investors are looking to generate income in their portfolios—whether it’s to seek stability in a volatile market, pursue growth, help protect against inflation, or provide a cash flow to live on. Prudential Investments can help you tap income opportunities, even in today’s low-yield environment. Our lineup of income-oriented funds spans multiple asset classes—fixed-income, dividend-oriented equities and REITs—with specialized asset managers in each area. FIXED INCOME: Income sources for different market environments PRUDENTIAL TOTAL RETURN BOND FUND, INC. (PDBAX) PRUDENTIAL SHORT-TERM CORPORATE BOND FUND, INC. (PBSMX) PRUDENTIAL GLOBAL TOTAL RETURN FUND (GTRAX) PRUDENTIAL HIGH-YIELD FUND (PBHAX) PRUDENTIAL CA MUNICIPAL INCOME FUND (PBCAX) PRUDENTIAL MUNICIPAL HIGH-INCOME FUND (PRHAX) PRUDENTIAL GOVERNMENT INCOME FUND (PGVAX) PRUDENTIAL FLOATING RATE INCOME FUND (FRFAX) PRUDENTIAL EMERGING MARKETS DEBT LOCAL CURRENCY FUND (EMDAX) PRUDENTIAL NATIONAL MUNI FUND (PRNMX) DIVIDEND-ORIENTED EQUITIES: Income with the potential for growth and inflation protection PRUDENTIAL JENNISON EQUITY INCOME FUND (SPQAX) PRUDENTIAL GLOBAL REAL ESTATE FUND (PURAX) PRUDENTIAL JENNISON UTILITY FUND (PRUAX) Help your clients meet today’s income challenge. Call the Prudential Investments Sales Desk or go online for our client guide to income investing. 800-257-3893 prudentialfunds.com/income Consider a fund’s investment objectives, risks, charges, and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. Contact your financial professional for a prospectus or summary prospectus. Read it carefully before investing. Mutual fund investing involves risk. Some funds have more risks than others. The risks associated with investing in these funds include but are not limited to: high yield (“junk”) bonds, which are subject to greater market risks; foreign securities, which are subject to currency fluctuation and political uncertainty; emerging markets, which are subject to greater volatility and price declines; and 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. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise. The risks associated with each fund are explained more fully in each fund’s respective prospectus. There is no guarantee a Fund’s objectives will be achieved. Mutual funds are distributed by Prudential Investment Management Services LLC, a Prudential Financial company, member SIPC. Prudential Investments, Prudential, Jennison Associates, Jennison, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc., and its related entities, registered in many jurisdictions worldwide. 0215709-00002-00 http://www.prudentialfunds.com/income http://www.prudentialfunds.com/income

Table of Contents for the Digital Edition of Morningstar Advisor - October/November 2012

Morningstar Advisor - October/November 2012
Contents
Contributors
Letter From the Editor
Ill Communication
Do You Use Factor-Investing Strategies?
Practicing What She Preaches
How to Determine the True Price of ETFs
The Quant Factor
Managers Dispute the Death of Equities
Investments á la Carte
Investment Briefs
Five Inconvenient Truths of Manager Research
Health Care’s Outlook Clarifies
Exploring the World of Factors
Uncloaking the Alpha Machine
Factor Strategies Gain Footholds in Practices
Big Mo
Fitting Factors Into the Formula
Clients Have a Friend in Luther King
Less-Liquid Holdings Mean More-Solid Results
Retirement-Withdrawal Strategies Quantified
Amid Turmoil, Don’t Discount Foreign Equities
Our Favorite Mutual Funds
50 Most-Popular Equity ETFs
Undervalued Stocks With Wide Moats
Should I Stay or Should I Go?

Morningstar Advisor - October/November 2012