0001145549-19-050606.txt : 20191212 0001145549-19-050606.hdr.sgml : 20191212 20191212151029 ACCESSION NUMBER: 0001145549-19-050606 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190930 FILED AS OF DATE: 20191212 DATE AS OF CHANGE: 20191212 EFFECTIVENESS DATE: 20191212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL INVESTMENT PORTFOLIOS, INC. CENTRAL INDEX KEY: 0000949512 IRS NUMBER: 133851144 STATE OF INCORPORATION: MD FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-07343 FILM NUMBER: 191281745 BUSINESS ADDRESS: STREET 1: 655 BROAD ST. 17TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 973-802-6469 MAIL ADDRESS: STREET 1: 655 BROAD ST. 17TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL INVESTMENT PORTFOLIOS INC DATE OF NAME CHANGE: 19980612 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL JENNISON SERIES FUND INC DATE OF NAME CHANGE: 19960911 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL JENNISON FUND INC DATE OF NAME CHANGE: 19950906 0000949512 S000004632 PGIM BALANCED FUND C000012613 Class A PIBAX C000012614 Class B PBFBX C000012615 Class C PABCX C000012616 Class Z PABFX C000012617 Class R PALRX C000195486 Class R6 PIBQX 0000949512 S000004633 PGIM JENNISON GROWTH FUND C000012618 Class R PJGRX C000012619 Class A PJFAX C000012620 Class B PJFBX C000012621 Class C PJFCX C000012622 Class Z PJFZX C000193746 Class R6 PJFQX C000195753 Class R2 PJFOX C000195754 Class R4 PSCJX 0000949512 S000004634 PGIM JENNISON EQUITY OPPORTUNITY FUND C000012623 Class A PJIAX C000012624 Class B PJIBX C000012625 Class C PJGCX C000012626 Class Z PJGZX C000012627 Class R PJORX C000148916 Class R6 PJOQX N-CEN 1 primary_doc.xml X0201 N-CEN LIVE 0000949512 XXXXXXXX false false false N-1A S000004637 true S000004632 true S000004635 true S000004636 true S000004633 true S000004634 true Prudential Investment Portfolios, Inc. 811-07343 0000949512 549300S6JOKI32QVXJ96 655 Broad Street 17th Floor Newark 07102-4077 US-NJ US 1-800-225-1852 The Bank of New York Mellon 240 Greenwich Street New York 10286 1-212-495-1784 Records related to its function as custodian. PGIM INVESTMENTS LLC 655 Broad Street 17th Floor Newark 07102-4077 1-800-225-1852 Records related to its function as advisor. Jennison Associates LLC 466 Lexington Avenue New York 10017-3151 212-421-1000 Records related to its function as sub-advisor. PGIM, Inc. 655 BROAD STREET 17th Floor NEWARK 07102-4077 973-367-6089 Records related to its function as sub-advisor. QMA LLC Gateway Center 2 100 Mulberry Street Newark 07102 866-748-0643 Records related to its function as sub-advisor. Prudential Investment Portfolios, Inc. 655 Broad Street 17th Floor Newark 07102-4077 1-800-225-1852 Records related to its functions as registrant. N N N-1A 3 Y Ellen S. Alberding N/A N Barry H. Evans N/A N Keith F. Hartstein N/A N Laurie Simon Hodrick N/A N Michael S. Hyland N/A N Stuart S. Parker 001767335 Y Scott E. Benjamin 004385999 Y Grace C. Torres N/A N Brian K. Reid N/A N Kevin J. Bannon N/A N Linda W. 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Report of Independent Registered Public Accounting Firm

To the Shareholders of the Funds and Board of Directors

Prudential Investment Portfolios, Inc.:

In planning and performing our audits of the financial statements of PGIM Balanced Fund, PGIM Jennison Equity Opportunity Fund, and PGIM Jennison Growth Fund, (the “Funds”), each a series of Prudential Investment Portfolios, Inc., as of and for the year ended September 30, 2019, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Funds’ internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the Funds’ financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion.

Management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds’ annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds’ internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Funds’ internal control over financial reporting and its operation, including controls over safeguarding securities that we consider to be a material weakness as defined above as of September 30, 2019.

This report is intended solely for the information and use of management and the Board of Directors of Prudential Investment Portfolios, Inc. and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ KPMG LLP

New York, New York

November 15, 2019