As filed with the Securities and Exchange Commission on July 12, 2013
Securities Act Registration No. 033-10649
Investment Company Act Registration No. 811-04930
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
PRE-EFFECTIVE AMENDMENT NO.
POST-EFFECTIVE AMENDMENT NO. 39 | x |
and/or
REGISTRATION STATEMENT
UNDER
THE INVESTMENT COMPANY ACT OF 1940
POST-EFFECTIVE AMENDMENT NO. 43 | x |
Check appropriate box or boxes
Prudential Investment Portfolios 4
Exact name of registrant as specified in charter
Gateway Center Three, 4th floor
100 Mulberry Street
Newark, New Jersey 07102
Address of Principal Executive Offices including Zip Code
(973) 367-7521
Registrants Telephone Number, Including Area Code
Deborah A. Docs
Gateway Center Three, 4th floor
100 Mulberry Street
Newark, New Jersey 07102
Name and Address of Agent for Service
It is proposed that this filing will become effective:
x | immediately upon filing pursuant to paragraph (b) |
¨ | on ( ) pursuant to paragraph (b) |
¨ | 60 days after filing pursuant to paragraph (a)(1) |
¨ | on ( ) pursuant to paragraph (a)(1) |
¨ | 75 days after filing pursuant to paragraph (a)(2) |
¨ | on (date) pursuant to paragraph (a)(2) of Rule 485 |
If appropriate, check the following box:
¨ | this post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
SIGNATURES
Pursuant to the requirements of the Securities Act and the Investment Company Act, the Fund certifies that it meets all of the requirements for effectiveness of this Post-Effective Amendment to the Registration Statement under Rule 485(b) under the Securities Act and has duly caused this Post-Effective Amendment to the Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Newark, and State of New Jersey, on the 12th day of June, 2013.
Prudential Investment Portfolios 4 |
* |
Stuart S. Parker, President |
Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment to the Registration Statement has been signed below by the following persons in the capacities and on the date indicated.
Signature |
Title |
Date | ||
* Kevin J. Bannon |
Trustee | |||
* Scott E. Benjamin |
Trustee | |||
* Linda W. Bynoe |
Trustee | |||
* Michael S. Hyland |
Trustee | |||
* Douglas H. McCorkindale |
Trustee | |||
* Stephen P. Munn |
Trustee | |||
* Stuart S. Parker |
Trustee and President, Principal Executive Officer | |||
* Richard A. Redeker |
Trustee | |||
* Robin B. Smith |
Trustee | |||
* Stephen Stoneburn |
Trustee | |||
* Grace C. Torres |
Treasurer, Principal Financial and Accounting Officer | |||
*By: /s/ Jonathan D. Shain Jonathan D. Shain |
Attorney-in-Fact | June 12, 2013 |
POWER OF ATTORNEY
The undersigned Directors, Trustees and Officers of the Prudential Investments Mutual Funds, the Target Funds and The Prudential Variable Contract Accounts 2, 10 and 11 (collectively, the Funds), hereby constitute, appoint and authorize each of, Andrew French, Claudia DiGiacomo, Deborah A. Docs, Katherine P. Feld, Raymond OHara, Amanda Ryan, and Jonathan D. Shain, as true and lawful agents and attorneys-in-fact, to sign, execute and deliver on his or her behalf in the appropriate capacities indicated, any Registration Statements of the Funds on the appropriate forms, any and all amendments thereto (including pre- and post-effective amendments), and any and all supplements or other instruments in connection therewith, including Form N-PX, Forms 3, 4 and 5, as appropriate, to file the same, with all exhibits thereto, with the U.S. Securities and Exchange Commission (the SEC) and the securities regulators of appropriate states and territories, and generally to do all such things in his or her name and behalf in connection therewith as said attorney-in-fact deems necessary or appropriate to comply with the provisions of the Securities Act of 1933, section 16(a) of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, all related requirements of the SEC and all requirements of appropriate states and territories. The undersigned do hereby give to said agents and attorneys-in-fact full power and authority to act in these premises, including, but not limited to, the power to appoint a substitute or substitutes to act hereunder with the same power and authority as said agents and attorneys-in-fact would have if personally acting. The undersigned do hereby approve, ratify and confirm all that said agents and attorneys-in-fact, or any substitute or substitutes, may do by virtue hereof.
/s/ Kevin J. Bannon Kevin J. Bannon |
/s/ Stuart S. Parker Stuart S. Parker |
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/s/ Scott E. Benjamin Scott E. Benjamin |
/s/ Richard A. Redeker Richard A. Redeker |
|||||
/s/ Linda W. Bynoe Linda W. Bynoe |
/s/Robin B. Smith Robin B. Smith |
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/s/ Michael S. Hyland Michael S. Hyland |
/s/ Stephen Stoneburn Stephen Stoneburn |
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/s/ Douglas H. McCorkindale Douglas H. McCorkindale |
/s/ Grace C. Torres Grace C. Torres |
|||||
/s/ Stephen P. Munn Stephen P. Munn |
Dated: June 6, 2012
Exhibit Index
Exhibit No. |
Description | |
EX-101.INS | XBRL Instance Document | |
EX-101.SCH | XBRL Taxonomy Extension Schema Document | |
EX-101.CAL | XBRL Taxonomy Extension Calculation Linkbase | |
EX-101.DEF | XBRL Taxonomy Extension Definition Linkbase | |
EX-101.LAB | XBRL Taxonomy Extension Labels Linkbase | |
EX-101.PRE | XBRL Taxonomy Extension Presentation Linkbase |
Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Registrant Name | dei_EntityRegistrantName | PRUDENTIAL INVESTMENT PORTFOLIOS 4 |
Prospectus Date | rr_ProspectusDate | Jun. 28, 2013 |
Document Creation Date | dei_DocumentCreationDate | Jun. 28, 2013 |
Label | Element | Value | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | ||||||||||
Registrant Name | dei_EntityRegistrantName | PRUDENTIAL INVESTMENT PORTFOLIOS 4 | |||||||||
Prospectus Date | rr_ProspectusDate | Jun. 28, 2013 | |||||||||
Prudential Muni High Income Fund
|
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||
Risk/Return [Heading] | rr_RiskReturnHeading | FUND SUMMARY | |||||||||
Objective [Heading] | rr_ObjectiveHeading | INVESTMENT OBJECTIVE | |||||||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The investment objective of the Fund is to provide the maximum amount of income that is eligible for exclusion from federal income taxes. | |||||||||
Expense [Heading] | rr_ExpenseHeading | FUND FEES AND EXPENSES | |||||||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | The tables below describe the sales charges, fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and an eligible group of investors purchase, or agree to purchase in the future, $100,000 or more in shares of the Fund or other funds in the Prudential Investments family of funds. More information about these discounts is available from your financial professional and is explained in Reducing or Waiving Class A's Initial Sales Charge on page 25 of the Fund's Prospectus and in Rights of Accumulation on page 40 of the Fund's Statement of Additional Information (SAI). | |||||||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (fees paid directly from your investment) | |||||||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |||||||||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | August 31, 2014 | |||||||||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover. | |||||||||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 39% of the average value of its portfolio. | |||||||||
Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 39.00% | |||||||||
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | You may qualify for sales charge discounts if you and an eligible group of investors purchase, or agree to purchase in the future, $100,000 or more in shares of the Fund or other funds in the Prudential Investments family of funds. | |||||||||
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | $ 100,000 | |||||||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Example. | |||||||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | The following hypothetical example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year, that the Fund's operating expenses remain the same and that all dividends and distributions are reinvested. Your actual costs may be higher or lower. | |||||||||
Expense Example by, Year, Caption [Text] | rr_ExpenseExampleByYearCaption | If Shares Are Redeemed | |||||||||
Expense Example, No Redemption, By Year, Caption [Text] | rr_ExpenseExampleNoRedemptionByYearCaption | If Shares Are Not Redeemed | |||||||||
Expense Example Closing [Text Block] | rr_ExpenseExampleClosingTextBlock | ° The distributor of the Fund has contractually agreed through August 31, 2014 to reduce its distribution and service (12b-1) fees for Class A shares to .25% of the average daily net assets of the Class A shares. This waiver may not be terminated prior to August 31, 2014. The decision on whether to renew, modify or terminate the waiver is subject to review by the distributor and the Fund's Board of Trustees. | |||||||||
Strategy [Heading] | rr_StrategyHeading | INVESTMENTS, RISKS AND PERFORMANCE Principal Investment Strategies. |
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Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | To achieve its objective, as a fundamental policy of the Fund, the Fund invests, under normal circumstances, at least 80% of its investable assets in municipal bonds, which are fixed-income securities issued by states and municipalities whose income is free from regular federal income tax. The Fund's investments may include certain municipal bonds, the interest on which is subject to the federal alternative minimum tax (AMT). The term “investable assets” refers to the Fund's net assets plus any borrowing for investment purposes. The Fund's investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. The investment subadviser normally invests the Fund's investable assets in municipal bonds that it believes may provide above-average yields. The Fund's portfolio consists primarily of municipal bonds which are rated B or better by Moody's Investors Service (Moody's) or Standard & Poor's Rating Service (S&P) or bonds with a comparable rating by another major rating service or unrated bonds of comparable quality. Bonds rated Ba1 or lower by Moody's or BB+ or lower by S&P are considered to be speculative with respect to their capacity to make interest and principal payments and are commonly referred to as junk bonds. Bonds rated Baa3 and higher by Moody's or BBB- and higher by S&P are considered investment grade, with a range of adequate to very strong capacity for meeting their financial obligations, although municipal bonds rated in the Baa rating category by Moody's or BBB rating category by S&P have certain speculative characteristics and are riskier than higher-rated municipal bonds. The municipal bonds in which the Fund invests generally have maturities in excess of 10 years at the time of purchase, although the Fund also will invest in municipal bonds having maturities ranging from one year to 10 years. As of April 30, 2013, the Fund's weighted average maturity was 18.2 years. In determining which securities to buy and sell, the investment subadviser will consider, among other things, yield, maturity, issue, quality characteristics and expectations regarding economic and political developments, including movements in interest rates and demand for municipal bonds. The investment subadviser may trade securities based on its outlook on interest rates. The investment subadviser will also seek to take advantage of differentials in yields with respect to securities with similar credit ratings and maturities, but which vary according to the purpose for which they were issued, as well as securities issued for similar purposes with similar maturities, but which vary according to ratings. While we make every effort to achieve the Fund's objective, we can't guarantee success. |
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Risk [Heading] | rr_RiskHeading | Principal Risks of Investing in the Fund. | |||||||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | All investments have risks to some degree. Please remember that an investment in the Fund is not guaranteed to achieve its investment objective; is not a deposit with a bank; is not insured, endorsed or guaranteed by the Federal Deposit Insurance Corporation or any other government agency; and is subject to investment risks, including possible loss of your original investment. Recent Market Events. The financial crisis that began in 2008 has caused a significant decline in the value and liquidity of many securities. In response to the crisis, the U.S. and other governments and U.S. and foreign central banks have taken steps to support financial markets. The withdrawal of this support, failure of efforts in response to the crisis, or investor perception that such efforts are not succeeding could negatively affect financial markets generally as well as the value and liquidity of certain securities. In addition, policy and legislative changes in the United States and other countries are changing many aspects of financial regulation. The impact of these changes on the markets, and the practical implications for market participants, may not be fully known for some time. Risk of Increase in Expenses. Your actual cost of investing in the Fund may be higher than the expenses shown in the expense table for a variety of reasons. For example, expense ratios may be higher than those shown if average net assets decrease. Net assets are more likely to decrease and Fund expense ratios are more likely to increase when markets are volatile. Fixed Income Obligations Risk. As with credit risk, market risk and interest rate risk, the Fund's holdings, share price, yield and total return may fluctuate in response to bond market movements. The value of bonds may decline for issuer-related reasons, including management performance, financial leverage and reduced demand for the issuer’s goods and services. Certain types of fixed income obligations also may be subject to call and redemption risk, which is the risk that the issuer may call a bond held by the Fund for redemption before it matures and the Fund may lose income. Credit Risk. This is the risk that the issuer, the guarantor or the insurer of a fixed-income security, or the counterparty to a contract, may be unable or unwilling to make timely principal and interest payments or to otherwise honor its obligations. Additionally, the securities could lose value due to a loss of confidence in the ability of the issuer, guarantor, insurer or counterparty to pay back debt. The longer the maturity and the lower the credit quality of a bond, the more sensitive it is to credit risk. Municipal Bonds Risk. Municipal bonds are subject to credit risk, market risk and interest rate risk. The Fund's holdings, share price, yield and total return may also fluctuate in response to municipal bond market movements. Municipal bonds are also subject to the risk that potential future legislative changes could affect the market for and value of municipal bonds, which may adversely affect the Fund's yield or the value of the Fund's investments in municipal bonds. Certain municipal bonds with principal and interest payments that are made from the revenues of a specific project or facility, and not general tax revenues, may have increased risks. Factors affecting the project or facility, such as local business or economic conditions, could have a significant effect on the project's ability to make payments of principal and interest on these securities. Municipal securities of a particular state are vulnerable to events adversely affecting that state, including economic, political and regulatory occurrences, court decisions, terrorism and catastrophic natural disasters, such as hurricanes or earthquakes. Many municipal bonds are also subject to prepayment risk—when interest rates fall, the issuers may redeem a security by repaying it early, which may reduce the Fund's income if the proceeds are reinvested at a lower interest rate. In addition, income from municipal bonds could be declared taxable because of non-compliant conduct of a bond issuer. Interest Rate Risk. The value of your investment may go down when interest rates rise. A rise in rates tends to have a greater impact on the prices of longer term or duration securities. When interest rates fall, the issuers of debt obligations may prepay principal more quickly than expected, and the Fund may be required to reinvest the proceeds at a lower interest rate. This is referred to as “prepayment risk.” When interest rates rise, debt obligations may be repaid more slowly than expected, and the value of the Fund's holdings may fall sharply. This is referred to as “extension risk.” Market Risk. The securities markets are volatile and the market prices of the Fund’s securities may decline generally. Securities fluctuate in price based on changes in a company’s financial condition and overall market and economic conditions. If the market prices of the securities owned by the Fund fall, the value of your investment in the Fund will decline. Junk Bonds Risk. High-yield, high-risk bonds have predominantly speculative characteristics, including particularly high credit risk. Junk bonds tend to be less liquid than higher-rated securities. The liquidity of particular issuers or industries within a particular investment category may shrink or disappear suddenly and without warning. The non-investment grade bond market can experience sudden and sharp price swings and become illiquid due to a variety of factors, including changes in economic forecasts, stock market activity, large sustained sales by major investors, a high profile default or a change in the market's psychology. For more information on the risks of investing in this Fund, please see How the Fund Invests—Investment Risks in the Prospectus and Investment Risks and Considerations in the SAI. |
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Risk Lose Money [Text] | rr_RiskLoseMoney | and is subject to investment risks, including possible loss of your original investment. | |||||||||
Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | Please remember that an investment in the Fund is not guaranteed to achieve its investment objective; is not a deposit with a bank; is not insured, endorsed or guaranteed by the Federal Deposit Insurance Corporation or any other government agency; | |||||||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | The Fund's Past Performance. | |||||||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The following bar chart shows the Fund's performance for the indicated share class for each full calendar year of operations or for the last 10 calendar years, whichever is shorter. The bar chart and Average Annual Total Returns table demonstrate the risk of investing in the Fund by showing how returns can change from year to year and by showing how the Fund's average annual total returns for the share class compare with a broad-based securities market index and a group of similar mutual funds. Past performance (before and after taxes) does not mean that the Fund will achieve similar results in the future. Updated Fund performance information is available online at www.prudentialfunds.com. |
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Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The bar chart and Average Annual Total Returns table demonstrate the risk of investing in the Fund by showing how returns can change from year to year and by showing how the Fund's average annual total returns for the share class compare with a broad-based securities market index and a group of similar mutual funds. | |||||||||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | www.prudentialfunds.com | |||||||||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | Past performance (before and after taxes) does not mean that the Fund will achieve similar results in the future. | |||||||||
Bar Chart [Heading] | rr_BarChartHeading | Annual Total Returns% (Class A Shares)1,2 | |||||||||
Bar Chart Does Not Reflect Sales Loads [Text] | rr_BarChartDoesNotReflectSalesLoads | These annual total returns do not include sales charges. If the sales charges were included, the annual total returns would be lower than those shown. | |||||||||
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock |
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Performance Table Heading | rr_PerformanceTableHeading | Average Annual Total Returns % (including sales charges) (as of 12-31-12) | |||||||||
Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | |||||||||
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. | |||||||||
Performance Table One Class of after Tax Shown [Text] | rr_PerformanceTableOneClassOfAfterTaxShown | After-tax returns are shown only for the indicated share class. After-tax returns for other classes will vary due to differing sales charges and expenses. | |||||||||
Performance Table Narrative | rr_PerformanceTableNarrativeTextBlock | ° After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown only for the indicated share class. After-tax returns for other classes will vary due to differing sales charges and expenses. | |||||||||
Prudential Muni High Income Fund | Class A
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 4.00% | |||||||||
Maximum deferred sales charge (load) (as a percentage of the lower of original purchase price or sale proceeds) | rr_MaximumDeferredSalesChargeOverOther | 1.00% | |||||||||
Maximum sales charge (load) imposed on reinvested dividends and other distributions | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | |||||||||
Redemption fee | rr_RedemptionFeeOverRedemption | none | |||||||||
Exchange fee | rr_ExchangeFeeOverRedemption | none | |||||||||
Maximum account fee (accounts under $10,000) | rr_MaximumAccountFee | 15 | |||||||||
Management fees | rr_ManagementFeesOverAssets | 0.50% | |||||||||
+ Distribution and service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 0.30% | |||||||||
+ Other expenses | rr_OtherExpensesOverAssets | 0.11% | |||||||||
= Total annual Fund operating expenses | rr_ExpensesOverAssets | 0.91% | |||||||||
Fee waiver or expense reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.05%) | |||||||||
= Net annual Fund operating expenses | rr_NetExpensesOverAssets | 0.86% | |||||||||
1 Year | rr_ExpenseExampleYear01 | 484 | |||||||||
3 Years | rr_ExpenseExampleYear03 | 674 | |||||||||
5 Years | rr_ExpenseExampleYear05 | 879 | |||||||||
10 Years | rr_ExpenseExampleYear10 | 1,470 | |||||||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 484 | |||||||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 674 | |||||||||
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 879 | |||||||||
10 Years | rr_ExpenseExampleNoRedemptionYear10 | 1,470 | |||||||||
2003 | rr_AnnualReturn2003 | 6.41% | [1],[2] | ||||||||
2004 | rr_AnnualReturn2004 | 6.07% | [1],[2] | ||||||||
2005 | rr_AnnualReturn2005 | 6.33% | [1],[2] | ||||||||
2006 | rr_AnnualReturn2006 | 6.47% | [1],[2] | ||||||||
2007 | rr_AnnualReturn2007 | (0.12%) | [1],[2] | ||||||||
2008 | rr_AnnualReturn2008 | (15.27%) | [1],[2] | ||||||||
2009 | rr_AnnualReturn2009 | 23.04% | [1],[2] | ||||||||
2010 | rr_AnnualReturn2010 | 4.14% | [1],[2] | ||||||||
2011 | rr_AnnualReturn2011 | 9.51% | [1],[2] | ||||||||
2012 | rr_AnnualReturn2012 | 12.57% | [1],[2] | ||||||||
Year to Date Return, Label | rr_YearToDateReturnLabel | The total return for Class A shares for the period from January 1, 2013 through March 31, 2013 | |||||||||
Bar Chart, Year to Date Return, Date | rr_BarChartYearToDateReturnDate | Mar. 31, 2013 | |||||||||
Bar Chart, Year to Date Return | rr_BarChartYearToDateReturn | 1.41% | |||||||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | Best Quarter: | |||||||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Sep. 30, 2009 | |||||||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 11.30% | |||||||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | Worst Quarter: | |||||||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Dec. 31, 2008 | |||||||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (10.74%) | |||||||||
One Year | rr_AverageAnnualReturnYear01 | 8.06% | |||||||||
Five Years | rr_AverageAnnualReturnYear05 | 5.14% | |||||||||
Ten Years | rr_AverageAnnualReturnYear10 | 5.07% | |||||||||
Prudential Muni High Income Fund | Class B
|
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | |||||||||
Maximum deferred sales charge (load) (as a percentage of the lower of original purchase price or sale proceeds) | rr_MaximumDeferredSalesChargeOverOther | 5.00% | |||||||||
Maximum sales charge (load) imposed on reinvested dividends and other distributions | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | |||||||||
Redemption fee | rr_RedemptionFeeOverRedemption | none | |||||||||
Exchange fee | rr_ExchangeFeeOverRedemption | none | |||||||||
Maximum account fee (accounts under $10,000) | rr_MaximumAccountFee | 15 | |||||||||
Management fees | rr_ManagementFeesOverAssets | 0.50% | |||||||||
+ Distribution and service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 0.50% | |||||||||
+ Other expenses | rr_OtherExpensesOverAssets | 0.11% | |||||||||
= Total annual Fund operating expenses | rr_ExpensesOverAssets | 1.11% | |||||||||
Fee waiver or expense reimbursement | rr_FeeWaiverOrReimbursementOverAssets | none | |||||||||
= Net annual Fund operating expenses | rr_NetExpensesOverAssets | 1.11% | |||||||||
1 Year | rr_ExpenseExampleYear01 | 613 | |||||||||
3 Years | rr_ExpenseExampleYear03 | 653 | |||||||||
5 Years | rr_ExpenseExampleYear05 | 712 | |||||||||
10 Years | rr_ExpenseExampleYear10 | 1,270 | |||||||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 113 | |||||||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 353 | |||||||||
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 612 | |||||||||
10 Years | rr_ExpenseExampleNoRedemptionYear10 | 1,270 | |||||||||
One Year | rr_AverageAnnualReturnYear01 | 7.30% | |||||||||
Five Years | rr_AverageAnnualReturnYear05 | 5.57% | |||||||||
Ten Years | rr_AverageAnnualReturnYear10 | 5.24% | |||||||||
Prudential Muni High Income Fund | Class C
|
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | |||||||||
Maximum deferred sales charge (load) (as a percentage of the lower of original purchase price or sale proceeds) | rr_MaximumDeferredSalesChargeOverOther | 1.00% | |||||||||
Maximum sales charge (load) imposed on reinvested dividends and other distributions | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | |||||||||
Redemption fee | rr_RedemptionFeeOverRedemption | none | |||||||||
Exchange fee | rr_ExchangeFeeOverRedemption | none | |||||||||
Maximum account fee (accounts under $10,000) | rr_MaximumAccountFee | 15 | |||||||||
Management fees | rr_ManagementFeesOverAssets | 0.50% | |||||||||
+ Distribution and service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | |||||||||
+ Other expenses | rr_OtherExpensesOverAssets | 0.11% | |||||||||
= Total annual Fund operating expenses | rr_ExpensesOverAssets | 1.61% | |||||||||
Fee waiver or expense reimbursement | rr_FeeWaiverOrReimbursementOverAssets | none | |||||||||
= Net annual Fund operating expenses | rr_NetExpensesOverAssets | 1.61% | |||||||||
1 Year | rr_ExpenseExampleYear01 | 264 | |||||||||
3 Years | rr_ExpenseExampleYear03 | 508 | |||||||||
5 Years | rr_ExpenseExampleYear05 | 876 | |||||||||
10 Years | rr_ExpenseExampleYear10 | 1,911 | |||||||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 164 | |||||||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 508 | |||||||||
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 876 | |||||||||
10 Years | rr_ExpenseExampleNoRedemptionYear10 | 1,911 | |||||||||
One Year | rr_AverageAnnualReturnYear01 | 10.74% | |||||||||
Five Years | rr_AverageAnnualReturnYear05 | 5.35% | |||||||||
Ten Years | rr_AverageAnnualReturnYear10 | 4.93% | |||||||||
Prudential Muni High Income Fund | Class Z
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | |||||||||
Maximum deferred sales charge (load) (as a percentage of the lower of original purchase price or sale proceeds) | rr_MaximumDeferredSalesChargeOverOther | none | |||||||||
Maximum sales charge (load) imposed on reinvested dividends and other distributions | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | |||||||||
Redemption fee | rr_RedemptionFeeOverRedemption | none | |||||||||
Exchange fee | rr_ExchangeFeeOverRedemption | none | |||||||||
Maximum account fee (accounts under $10,000) | rr_MaximumAccountFee | none | |||||||||
Management fees | rr_ManagementFeesOverAssets | 0.50% | |||||||||
+ Distribution and service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | |||||||||
+ Other expenses | rr_OtherExpensesOverAssets | 0.11% | |||||||||
= Total annual Fund operating expenses | rr_ExpensesOverAssets | 0.61% | |||||||||
Fee waiver or expense reimbursement | rr_FeeWaiverOrReimbursementOverAssets | none | |||||||||
= Net annual Fund operating expenses | rr_NetExpensesOverAssets | 0.61% | |||||||||
1 Year | rr_ExpenseExampleYear01 | 62 | |||||||||
3 Years | rr_ExpenseExampleYear03 | 195 | |||||||||
5 Years | rr_ExpenseExampleYear05 | 340 | |||||||||
10 Years | rr_ExpenseExampleYear10 | 762 | |||||||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 62 | |||||||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 195 | |||||||||
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 340 | |||||||||
10 Years | rr_ExpenseExampleNoRedemptionYear10 | $ 762 | |||||||||
One Year | rr_AverageAnnualReturnYear01 | 12.86% | |||||||||
Five Years | rr_AverageAnnualReturnYear05 | 6.27% | |||||||||
Ten Years | rr_AverageAnnualReturnYear10 | 5.78% | |||||||||
Prudential Muni High Income Fund | Return After Taxes on Distributions | Class A
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||
One Year | rr_AverageAnnualReturnYear01 | 8.03% | |||||||||
Five Years | rr_AverageAnnualReturnYear05 | 5.13% | |||||||||
Ten Years | rr_AverageAnnualReturnYear10 | 5.06% | |||||||||
Prudential Muni High Income Fund | Return After Taxes on Distributions and Sale of Fund Shares | Class A
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||
One Year | rr_AverageAnnualReturnYear01 | 6.85% | |||||||||
Five Years | rr_AverageAnnualReturnYear05 | 5.08% | |||||||||
Ten Years | rr_AverageAnnualReturnYear10 | 5.03% | |||||||||
Prudential Muni High Income Fund | Barclays Municipal Bond Index (reflects no deduction for fees, expenses or taxes)
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||
One Year | rr_AverageAnnualReturnYear01 | 6.78% | |||||||||
Five Years | rr_AverageAnnualReturnYear05 | 5.91% | |||||||||
Ten Years | rr_AverageAnnualReturnYear10 | 5.10% | |||||||||
Prudential Muni High Income Fund | Barclays Non-Investment Grade Municipal Bond Index (reflects no deduction for fees, expenses or taxes)
|
|||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||
One Year | rr_AverageAnnualReturnYear01 | 18.14% | |||||||||
Five Years | rr_AverageAnnualReturnYear05 | 6.15% | |||||||||
Ten Years | rr_AverageAnnualReturnYear10 | 7.08% | |||||||||
Prudential Muni High Income Fund | Lipper High Yield Municipal Debt Funds Average (reflects no deduction for sales charges or taxes)
|
|||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||
One Year | rr_AverageAnnualReturnYear01 | 14.13% | |||||||||
Five Years | rr_AverageAnnualReturnYear05 | 4.79% | |||||||||
Ten Years | rr_AverageAnnualReturnYear10 | 4.83% | |||||||||
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