Morningstar Advisor - December/January 2012 - (Page 41)

PrUDeNTIAL INVesTMeNTs » MUTUAL FUNDs WE SEARCh FAR AND WIDE TO FIND GROWTh AND INCOME. PRUDENTIAL JENNISON EQUITY INCOME FUND CLAss A (sPQAX) Morningstar Overall RatingTM out of 1,114 Large Value funds, as of 9/30/2011. Morningstar measures risk-adjusted returns. The overall rating is a weighted average based on the Fund’s 3- and 5-year star rating. Finding growth and income together can be a challenge in any kind of market. But especially in today’s low-yield environment. Prudential Jennison equity Income Fund employs a flexible style to seek competitive total return with the downside protection of potential dividend income, diversifying by geography, with up to 50% international exposure; by market cap; by sector; and by security type. Managed by Jennison Associates, an experienced institutional manager and bottom-up stock picker, Prudential Jennison equity Income Fund’s performance was near the top of its Morningstar peer group over the 3- and 5-year periods as of 9/30/2011. Visit prudentialfunds.com/seekincome to learn more and download a copy of our client-approved white paper “Tap the Income Potential of stocks.” Call our sales desk at 1-800-257-3893 for fund materials and complete performance information. 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. The Fund may invest in foreign securities, which are subject to currency fluctuation and political uncertainty; short sales, which involve costs and the risk of potentially unlimited losses; and derivative securities, which may carry market, credit, and liquidity risks. These risks may result in greater share price volatility. There is no guarantee the Fund’s objectives will be achieved. Dividends and distributions from the Fund also may be subject to state and local income tax in the state of residence. Please note that the Fund’s distributions are taxable and will be taxed as ordinary income or capital gains, unless investing through a tax-deferred arrangement, such as a 401(k) plan or IRA. Such tax-deferred arrangements may be taxed at or upon withdrawal of monies from those arrangements. For tax advice, investors should consult their tax professional regarding their particular situation. As of 9/30/2011, the Fund was ranked in the top 34% (423 of 1,238 funds), top 1% (9 of 1,114 funds), and top 2% (11 of 964 funds) in the Morningstar Large Value Category for 1, 3 and 5 years, respectively. Morningstar category rankings are based on total return, do not take into account the effect of sales charges, and are calculated against all funds in the Fund’s respective category using Class A shares. Past performance is no guarantee of future results. Performance by share class may vary. The Morningstar Large Value Category consists of funds that invest primarily in large-cap value stocks. The Fund’s 3- and 5-year ratings are 5 stars out of 1,114 funds and 5 stars out of 964 funds, respectively. Some Morningstar Ratings may not be customarily based on adjusted historical returns. If so, an investment’s independent Morningstar Rating metric is compared against the retail mutual fund universe breakpoints to determine its hypothetical rating for certain time periods. For each fund with a 3-year history, Morningstar calculates a Morningstar Rating based on a Morningstar risk-adjusted return measure that accounts for variation in a fund’s monthly performance, including the effects of sales charges, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Funds were rated against U.S.-domiciled funds. Other share classes may have different performance characteristics. © 2011 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Mutual funds are distributed by Prudential Investment Management Services (PIMS), member SIPC. Jennison Associates is a registered investment advisor. Both are Prudential Financial companies. 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. 0208590-00003-00 http://www.prudentialfunds.com/seekincome http://www.prudentialfunds.com/seekincome

Table of Contents for the Digital Edition of Morningstar Advisor - December/January 2012

Morningstar Advisor - December/January 2012
Contents
Contributors
Letter From the Editor
Seduced by Complexity
Is China Exposure Important for a Portfolio?
A Niche Built on Trust
How to Find Your Client’s Investment Style
Taking the Long View
Consensus on Europe Elusive
Four Picks for the Present
Investment Briefs
Is Perception Reality for Active Managers?
Be Alert for Basic-Materials Bargains
Investment Boom Unsustainable
Digging Moats in China
Where China’s Domestic Companies Stand to Benefit
Arising Opportunities
China Strong Long Term
From Currency Manipulation to International Acceptance
The Keys to China’s Fortune
Wedgewood’s Lessons Pay Off
Reading the Evidence on Indexing
Scouting for Investments Abroad
Yield, Please (Hold the Europe)
Mutual Fund Analyst Picks
50 Most Popular ETFs
Undervalued Stocks With Wide Moats
China Fund Managers Eat Elsewhere

Morningstar Advisor - December/January 2012