Morningstar Advisor - February/March 2012 - (Page 23)

FIXED INCOME: Income sources for different market environments Morningstar Overall rating™ for Class Z shares as of 9/30/2011. 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. Among 1,026 Intermediate-Term Bond funds. The 3-, 5-, and 10-year ratings are 5 stars out of 1,026 funds, 5 stars out of 862 funds, and 4 stars out of 568 funds, respectively. (PDBZX) PRUDENTIAL CA MUNICIPAL INCOME FUND (PCIZX) Among 145 Muni California long funds. The 3-, 5-, and 10-year ratings are 4 stars out of 145 funds, 5 stars out of 132 funds, and 5 stars out of 108 funds, respectively. PRUDENTIAL SHORT-TERM CORPORATE BOND FUND, INC. (PIFZX) PRUDENTIAL MUNICIPAL HIGH-INCOME FUND (PhIZX) Among 369 short-Term Bond funds. The 3-, 5-, and 10year ratings are 5 stars out of 369 funds, 5 stars out of 313 funds, and 5 stars out of 182 funds, respectively. Among 137 high Yield Muni funds. The 3-, 5-, and 10year ratings are 4 stars out of 137 funds, 5 stars out of 116 funds and 5 stars out of 91 funds, respectively. PRUDENTIAL GLOBAL TOTAL RETURN FUND (PZTrX) PRUDENTIAL GOVERNMENT INCOME FUND (PgvZX) Among 240 World Bond funds. The 3-, 5-, and 10-year ratings are 5 stars out of 240 funds, 4 stars out of 175 funds, and 3 stars out of 117 funds, respectively. Among 311 Intermediate government funds. The 3-, 5-, and 10-year ratings are 4 stars out of 311 funds, 4 stars out of 293 funds and 4 stars out of 235 funds, respectively. PRUDENTIAL HIGH-YIELD FUND (PhYZX) Among 505 high Yield Bond funds. The 3-, 5-, and 10year ratings are 4 stars out of 505 funds, 5 stars out of 425 funds, and 4 stars out of 284 funds, respectively. DIVIDEND-ORIENTED EQUITIES: Income with the potential for growth and inflation protection PRUDENTIAL JENNISON EQUITY INCOME FUND Among 1,114 large value funds. The 3- and 5-year ratings are 5 stars out of 1,114 funds and 5 stars out of 964 funds. (JDeZX) PRUDENTIAL GLOBAL REAL ESTATE FUND (PUrZX) Among 125 global real estate funds. The 3-, 5-, and 10year ratings are 4 stars out of 125 funds, 4 stars out of 76 funds, and 5 stars out of 16 funds, respectively. star ratings shown are for Class Z shares, which are available to individual investors through certain retirement and wrap fee programs, and to institutions at an investment minimum of $10,000,000. Performance by share class may vary. In addition to the ones shown above, other classes, which contain either a sales load or a contingent deferred sales charge, are also available. These expenses could lower total fund return. Please see the prospectus for additional information about fees and expenses. 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. Past performance does not guarantee future results. © 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 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. 0210407-00002-00

Table of Contents for the Digital Edition of Morningstar Advisor - February/March 2012

Morningstar Advisor - February/March 2012
Contents
Contributors
Letter From the Editor
Make a Difference Stories, Not Debates
How Concerned Are You About Europe?
Analytical and Independent
What to Ask When a Fund Manager Leaves
Past, Present, Future
Have Financials Gotten Cheap Enough?
Four Picks for the Present
Investment Briefs
Tactical Funds Miss Their Chance
Specialty Retail: Ad Hoc Opportunity
How Europe Is Making Its Crisis Worse
Impact on U.S. Economy Will Be Minimal
European Banks: Bargains or Value Traps?
Don’t Count the Euro Out Yet
Europe on the Brink
GoodHaven Realizes Its Vision
How Index Trading Increases Market Vulnerability
Nonlisted REITS: Handle With Care
Safety Picks for the Many Moods of Mr. Market
On the Prowl for Large- Blend Index-Beaters
Our Favorite Mutual Funds
50 Most Popular ETFs
Undervalued Stocks With Wide Moats
The Math That Matters

Morningstar Advisor - February/March 2012