2024-02-25 PGIM Investments record keeping
- Introduction
- Dividends and tax basis
- Incorrect 1099-B
- Reinvestment details
- Basis computation
- Performance
- Summary
Introduction
PGIM Investments runs a number of mutual funds. A customer invested in fund 0005 which later became fund 0011 which later became fund 0084 aka "PGIM Government Income Fund". The "fund" below will refer to this sequence of PGIM funds. The original investment was $5000 in February 1986, another $3000 in March 1987, and the dividends were reinvested rather than taken as distributions. The shares were sold in July 2023.
Dividends and tax basis
For 37 years, PGIM has been reporting taxable dividends, that were then reinvested in the fund. The value of those dividends contributes to the tax basis of the final fund shares that were sold in July 2023. That basis is needed to compute the long term and short term capital gain or loss which is needed for income tax filing with the IRS.
In June 2023 I asked PGIM for a statement of the tax basis of the then current investment. Rather than producing a total basis, they produced PDF files showing every dividend reinvestment starting in 1986. The pdf properties include the "producer" as "Aspose.PDF for .NET 22.11.0" with a creation date of 2023-06-23. So the underlying data was clearly accessible to PGIM on that date.
Two of those pages are shown here:
The program that PGIM used to produce those PDF files has some issues. The beginning balance at the start of a year should show the same number of shares as the ending balance from the previous year. Instead, the beginning balance on many of the pages is zero. The beginning balance for 1998 is simply incorrect - it includes the first dividend reinvestment in 1998. Starting in 1999 the beginning balance numbers are correct.
Incorrect 1099-B
PGIM produced a 1099-B form as follows:
This form claims that PGIM does not know the cost basis of many of the fund shares that were sold in July 2023. But that is clearly incorrect since PGIM produced PDF files in June 2023 showing all the dividend reinvestment details all the way back to 1986.
Reinvestment details
We still need to compute the actual cost basis, so I ran the PDF files thru "pdftotext -layout" to extract the ascii text, and then wrote a small Python program to produce a CSV file. Note that the number of shares in fund 0005 and 0011 need to be adjusted to the equivalent shares in the final fund 0084 that was eventually sold. The number of shares here have been multiplied by 1000 so they can be represented as integers."date", "fund", "description", "amount", "original fund shares x 1000", "fund 0084 shares x 1000" "1986-02-11", "0005", "SHARES PURCHASED", 5000.00, 320307, 491667 "1986-03-06", "0005", "INCOME REINVEST", 35.23, 2230, 3423 "1986-04-04", "0005", "INCOME REINVEST", 35.48, 2236, 3432 "1986-04-25", "0005", "INCOME REINVEST", 32.49, 2043, 3136 "1986-05-23", "0005", "INCOME REINVEST", 32.67, 2088, 3205 "1986-06-25", "0005", "INCOME REINVEST", 32.92, 2114, 3245 "1986-07-25", "0005", "INCOME REINVEST", 33.16, 2105, 3231 "1986-08-26", "0005", "INCOME REINVEST", 32.44, 2034, 3122 "1986-09-25", "0005", "INCOME REINVEST", 34.39, 2167, 3326 "1986-10-24", "0005", "INCOME REINVEST", 33.74, 2107, 3234 "1986-11-26", "0005", "INCOME REINVEST", 34.00, 2107, 3234 "1986-12-26", "0005", "CAP GAIN REINVEST", 47.82, 2987, 4585 "1986-12-26", "0005", "INCOME REINVEST", 34.09, 2129, 3268 "1986-12-26", "0005", "SHORTTERM CG REIN", 17.08, 1067, 1638 "1987-01-28", "0005", "INCOME REINVEST", 33.06, 2065, 3170 "1987-02-26", "0005", "INCOME REINVEST", 33.18, 2075, 3185 "1987-03-27", "0005", "CAP GAIN REINVEST", 5.28, 332, 510 "1987-03-27", "0005", "INCOME REINVEST", 33.47, 2108, 3236 "1987-03-27", "0005", "SHORTTERM CG REIN", 56.30, 3545, 5442 "1987-03-31", "0005", "SHARES PURCHASED", 3000.00, 189873, 291453 "1987-04-28", "0005", "INCOME REINVEST", 51.41, 3400, 5219 "1987-05-28", "0005", "INCOME REINVEST", 52.32, 3504, 5379 "1987-06-26", "0005", "INCOME REINVEST", 52.64, 3477, 5337 "1987-07-29", "0005", "INCOME REINVEST", 52.98, 3518, 5400 "1987-08-28", "0005", "INCOME REINVEST", 53.26, 3584, 5501 "1987-09-30", "0005", "INCOME REINVEST", 53.70, 3753, 5761 "1987-09-30", "0005", "SHORTTERM CG REIN", 14.13, 987, 1515 "1987-10-29", "0005", "INCOME REINVEST", 54.14, 3696, 5673 "1987-11-30", "0005", "INCOME REINVEST", 54.44, 3701, 5681 "1987-12-24", "0005", "INCOME REINVEST", 54.81, 3711, 5696 "1987-12-30", "0005", "INCOME REINVEST", 5.76, 389, 597 "1988-01-25", "0005", "INCOME REINVEST", 49.49, 3284, 5041 "1988-02-25", "0005", "INCOME REINVEST", 55.51, 3623, 5561 "1988-03-25", "0005", "INCOME REINVEST", 55.97, 3712, 5698 "1988-04-27", "0005", "INCOME REINVEST", 56.33, 3791, 5819 "1988-05-26", "0005", "INCOME REINVEST", 56.67, 3884, 5962 "1988-06-24", "0005", "INCOME REINVEST", 57.00, 3846, 5904 "1988-07-26", "0005", "INCOME REINVEST", 57.31, 3893, 5976 "1988-08-25", "0005", "INCOME REINVEST", 57.58, 3966, 6088 "1988-09-26", "0005", "INCOME REINVEST", 58.07, 3953, 6068 "1988-10-26", "0005", "INCOME REINVEST", 58.50, 3950, 6063 "1988-11-23", "0005", "INCOME REINVEST", 58.79, 4035, 6194 "1988-12-22", "0005", "INCOME REINVEST", 59.23, 4113, 6313 "1988-12-30", "0005", "INCOME REINVEST", 21.03, 1472, 2260 "1989-01-20", "0005", "INCOME REINVEST", 38.68, 2682, 4117 "1989-02-22", "0005", "INCOME REINVEST", 60.03, 4207, 6458 "1989-03-22", "0005", "INCOME REINVEST", 60.39, 4289, 6584 "1989-04-21", "0005", "INCOME REINVEST", 60.79, 4272, 6557 "1989-05-24", "0005", "INCOME REINVEST", 61.25, 4204, 6453 "1989-06-22", "0005", "INCOME REINVEST", 61.61, 4180, 6416 "1989-07-21", "0005", "INCOME REINVEST", 61.96, 4150, 6370 "1989-08-23", "0005", "INCOME REINVEST", 62.47, 4247, 6519 "1989-09-22", "0005", "INCOME REINVEST", 66.15, 4479, 6875 "1989-10-23", "0005", "INCOME REINVEST", 66.52, 4473, 6866 "1989-11-21", "0005", "INCOME REINVEST", 67.06, 4489, 6891 "1989-12-21", "0005", "INCOME REINVEST", 67.49, 4511, 6924 "1989-12-29", "0005", "INCOME REINVEST", 24.38, 1641, 2519 "1989-12-29", "0005", "SPECIAL DIVIDEND REINVEST", 33.73, 2270, 3484 "1990-01-19", "0005", "INCOME REINVEST", 43.77, 2967, 4554 "1990-02-16", "0005", "INCOME REINVEST", 68.59, 4692, 7202 "1990-03-21", "0005", "INCOME REINVEST", 69.10, 4736, 7270 "1990-04-19", "0005", "INCOME REINVEST", 69.47, 4841, 7431 "1990-05-21", "0005", "INCOME REINVEST", 70.00, 4854, 7451 "1990-06-21", "0005", "INCOME REINVEST", 70.58, 4858, 7457 "1990-07-23", "0005", "INCOME REINVEST", 70.96, 4860, 7460 "1990-08-21", "0005", "INCOME REINVEST", 71.45, 4934, 7574 "1990-09-21", "0005", "INCOME REINVEST", 71.98, 4974, 7635 "1990-10-23", "0005", "INCOME REINVEST", 72.44, 4982, 7647 "1990-11-21", "0005", "INCOME REINVEST", 73.00, 4966, 7623 "1990-12-21", "0005", "INCOME REINVEST", 73.41, 4970, 7629 "1990-12-28", "0005", "INCOME REINVEST", 17.31, 1171, 1797 "1991-01-22", "0005", "INCOME REINVEST", 56.72, 3845, 5902 "1991-02-21", "0005", "INCOME REINVEST", 74.50, 5034, 7727 "1991-03-22", "0005", "INCOME REINVEST", 74.96, 5134, 7881 "1991-04-23", "0005", "INCOME REINVEST", 75.50, 5178, 7948 "1991-05-23", "0005", "INCOME REINVEST", 76.00, 5216, 8006 "1991-06-21", "0005", "INCOME REINVEST", 76.54, 5290, 8120 "1991-07-23", "0005", "INCOME REINVEST", 77.05, 5296, 8129 "1991-08-22", "0005", "INCOME REINVEST", 77.60, 5247, 8054 "1991-09-20", "0005", "INCOME REINVEST", 78.13, 5240, 8043 "1991-10-21", "0005", "INCOME REINVEST", 78.59, 5282, 8108 "1991-11-21", "0005", "INCOME REINVEST", 79.11, 5256, 8068 "1991-12-20", "0005", "INCOME REINVEST", 79.69, 5239, 8042 "1991-12-30", "0005", "INCOME REINVEST", 21.42, 1405, 2157 "1992-01-21", "0005", "INCOME REINVEST", 58.89, 3897, 5982 "1992-02-20", "0005", "INCOME REINVEST", 80.71, 5406, 8298 "1992-03-20", "0005", "INCOME REINVEST", 81.28, 5507, 8453 "1992-04-21", "0005", "INCOME REINVEST", 73.55, 4956, 7607 "1992-05-21", "0005", "INCOME REINVEST", 74.10, 4953, 7603 "1992-06-19", "0005", "INCOME REINVEST", 74.53, 4949, 7597 "1992-07-21", "0005", "INCOME REINVEST", 75.00, 4944, 7589 "1992-08-20", "0005", "INCOME REINVEST", 75.34, 4940, 7583 "1992-09-21", "0005", "INCOME REINVEST", 69.52, 4577, 7026 "1992-10-21", "0005", "INCOME REINVEST", 69.87, 4661, 7155 "1992-11-19", "0005", "INCOME REINVEST", 70.39, 4708, 7227 "1992-12-21", "0005", "INCOME REINVEST", 70.73, 4709, 7228 "1992-12-30", "0005", "INCOME REINVEST", 20.78, 1382, 2121 "1993-01-21", "0005", "INCOME REINVEST", 50.36, 3337, 5122 "1993-02-19", "0005", "INCOME REINVEST", 71.48, 4706, 7224 "1993-03-19", "0005", "INCOME REINVEST", 71.88, 4723, 7250 "1993-04-21", "0005", "INCOME REINVEST", 72.25, 4756, 7300 "1993-05-20", "0005", "INCOME REINVEST", 72.72, 4816, 7392 "1993-06-21", "0005", "INCOME REINVEST", 73.02, 4820, 7399 "1993-07-21", "0005", "INCOME REINVEST", 73.40, 4861, 7462 "1993-08-19", "0005", "INCOME REINVEST", 73.92, 4899, 7520 "1993-09-21", "0005", "INCOME REINVEST", 74.25, 4947, 7594 "1993-10-21", "0005", "INCOME REINVEST", 74.59, 4999, 7673 "1993-11-19", "0005", "INCOME REINVEST", 65.92, 4460, 6846 "1993-12-21", "0005", "INCOME REINVEST", 66.24, 4500, 6907 "1993-12-30", "0005", "INCOME REINVEST", 20.06, 1364, 2094 "1994-01-20", "0005", "INCOME REINVEST", 46.68, 3165, 4858 "1994-02-18", "0005", "INCOME REINVEST", 66.90, 4582, 7033 "1994-03-21", "0005", "INCOME REINVEST", 67.25, 4693, 7204 "1994-04-21", "0005", "INCOME REINVEST", 67.72, 4813, 7388 "1994-05-20", "0005", "INCOME REINVEST", 68.04, 4850, 7445 "1994-06-21", "0005", "INCOME REINVEST", 68.30, 4903, 7526 "1994-07-21", "0005", "INCOME REINVEST", 68.63, 4945, 7591 "1994-08-19", "0005", "INCOME REINVEST", 69.04, 4967, 7624 "1994-09-21", "0005", "INCOME REINVEST", 69.36, 5052, 7755 "1994-10-20", "0005", "INCOME REINVEST", 69.85, 5151, 7907 "1994-11-21", "0005", "INCOME REINVEST", 70.21, 5228, 8025 "1994-12-21", "0005", "INCOME REINVEST", 70.45, 5219, 8011 "1994-12-29", "0005", "INCOME REINVEST", 17.80, 1320, 2026 "1995-01-20", "0005", "INCOME REINVEST", 53.14, 3936, 6042 "1995-02-06", "0011", "REINVEST FROM", 33.24, 2414, 3716 "1995-02-21", "0011", "INCOME REINVEST", 41.83, 3029, 4663 "1995-03-21", "0011", "INCOME REINVEST", 78.88, 5646, 8692 "1995-04-20", "0011", "INCOME REINVEST", 79.36, 5648, 8695 "1995-05-19", "0011", "INCOME REINVEST", 79.74, 5600, 8621 "1995-06-21", "0011", "INCOME REINVEST", 80.27, 5551, 8546 "1995-07-20", "0011", "INCOME REINVEST", 80.62, 5634, 8673 "1995-08-21", "0011", "INCOME REINVEST", 81.01, 5697, 8770 "1995-09-21", "0011", "INCOME REINVEST", 81.55, 5675, 8736 "1995-10-20", "0011", "INCOME REINVEST", 82.06, 5695, 8767 "1995-11-21", "0011", "INCOME REINVEST", 82.40, 5722, 8809 "1995-12-21", "0011", "INCOME REINVEST", 82.95, 5721, 8807 "1996-01-19", "0011", "DIVIDEND REINVEST", 78.15, 5338, 8218 "1996-02-21", "0011", "DIVIDEND REINVEST", 78.49, 5432, 8362 "1996-03-21", "0011", "DIVIDEND REINVEST", 79.02, 5537, 8524 "1996-04-19", "0011", "DIVIDEND REINVEST", 79.39, 5607, 8632 "1996-05-21", "0011", "DIVIDEND REINVEST", 79.80, 5644, 8689 "1996-06-20", "0011", "DIVIDEND REINVEST", 80.15, 5770, 8883 "1996-07-19", "0011", "DIVIDEND REINVEST", 80.64, 5756, 8861 "1996-08-21", "0011", "DIVIDEND REINVEST", 81.16, 5752, 8855 "1996-09-20", "0011", "DIVIDEND REINVEST", 81.54, 5833, 8980 "1996-10-21", "0011", "DIVIDEND REINVEST", 81.96, 5784, 8904 "1996-11-21", "0011", "DIVIDEND REINVEST", 82.46, 5746, 8846 "1996-12-20", "0011", "DIVIDEND REINVEST", 82.81, 5791, 8915 "1996-12-30", "0011", "DIVIDEND REINVEST", 22.22, 1551, 2388 "1997-01-21", "0011", "DIVIDEND REINVEST", 61.16, 4298, 6617 "1997-02-20", "0011", "DIVIDEND REINVEST", 83.70, 5845, 8998 "1997-03-20", "0011", "DIVIDEND REINVEST", 84.18, 5970, 9191 "1997-04-21", "0011", "DIVIDEND REINVEST", 84.60, 6021, 9269 "1997-05-21", "0011", "DIVIDEND REINVEST", 84.94, 6003, 9241 "1997-06-20", "0011", "DIVIDEND REINVEST", 85.53, 5969, 9189 "1997-07-21", "0011", "DIVIDEND REINVEST", 85.94, 5976, 9200 "1997-08-21", "0011", "DIVIDEND REINVEST", 86.32, 6007, 9248 "1997-09-19", "0011", "DIVIDEND REINVEST", 86.84, 6001, 9238 "1997-10-21", "0011", "DIVIDEND REINVEST", 87.30, 6042, 9301 "1997-11-20", "0011", "DIVIDEND REINVEST", 87.64, 6048, 9311 "1997-12-19", "0011", "DIVIDEND REINVEST", 88.16, 6063, 9334 "1997-12-30", "0011", "DIVIDEND REINVEST", 25.66, 1768, 2722 "1998-01-21", "0011", "DIVIDEND REINVEST", 63.08, 4318, 6647 "1998-02-20", "0011", "DIVIDEND REINVEST", 89.08, 6152, 9471 "1998-03-23", "0011", "DIVIDEND REINVEST", 89.65, 6208, 9557 "1998-04-21", "0011", "DIVIDEND REINVEST", 90.01, 6264, 9643 "1998-05-21", "0011", "DIVIDEND REINVEST", 90.56, 6298, 9696 "1998-06-19", "0011", "DIVIDEND REINVEST", 90.95, 6320, 9729 "1998-07-21", "0011", "DIVIDEND REINVEST", 91.49, 6371, 9808 "1998-08-20", "0011", "DIVIDEND REINVEST", 91.84, 6436, 9908 "1998-09-21", "0011", "DIVIDEND REINVEST", 92.40, 6390, 9837 "1998-10-21", "0011", "DIVIDEND REINVEST", 92.96, 6451, 9931 "1998-11-20", "0011", "DIVIDEND REINVEST", 93.35, 6533, 10057 "1998-12-21", "0011", "DIVIDEND REINVEST", 93.82, 6538, 10065 "1998-12-30", "0011", "DIVIDEND REINVEST", 27.18, 1897, 2920 "1999-01-21", "0011", "DIVIDEND REINVEST", 65.99, 4641, 7145 "1999-01-21", "0011", "SPECIAL DIVIDEND REINVEST", 104.20, 7328, 11281 "1999-01-25", "0084", "DIVIDEND REINVEST", 2.97, 321, 321 "1999-02-25", "0084", "DIVIDEND REINVEST", 96.33, 10739, 10739 "1999-03-25", "0084", "DIVIDEND REINVEST", 82.07, 9139, 9139 "1999-04-23", "0084", "DIVIDEND REINVEST", 92.06, 10263, 10263 "1999-05-25", "0084", "DIVIDEND REINVEST", 89.07, 10064, 10064 "1999-06-25", "0084", "DIVIDEND REINVEST", 99.47, 11526, 11526 "1999-07-23", "0084", "DIVIDEND REINVEST", 83.32, 9610, 9610 "1999-08-25", "0084", "DIVIDEND REINVEST", 93.12, 10753, 10753 "1999-09-24", "0084", "DIVIDEND REINVEST", 99.72, 11528, 11528 "1999-10-25", "0084", "DIVIDEND REINVEST", 88.86, 10504, 10504 "1999-11-24", "0084", "DIVIDEND REINVEST", 97.43, 11395, 11395 "1999-12-22", "0084", "DIVIDEND REINVEST", 85.67, 10175, 10175 "1999-12-30", "0084", "DIVIDEND REINVEST", 24.97, 2962, 2962 "2000-01-25", "0084", "DIVIDEND REINVEST", 80.64, 9646, 9646 "2000-02-25", "0084", "DIVIDEND REINVEST", 107.37, 12752, 12752 "2000-03-24", "0084", "DIVIDEND REINVEST", 86.63, 10276, 10276 "2000-04-25", "0084", "DIVIDEND REINVEST", 95.02, 11245, 11245 "2000-05-25", "0084", "DIVIDEND REINVEST", 93.09, 11175, 11175 "2000-06-23", "0084", "DIVIDEND REINVEST", 98.45, 11706, 11706 "2000-07-25", "0084", "DIVIDEND REINVEST", 94.94, 11169, 11169 "2000-08-25", "0084", "DIVIDEND REINVEST", 100.23, 11682, 11682 "2000-09-25", "0084", "DIVIDEND REINVEST", 91.05, 10662, 10662 "2000-10-25", "0084", "DIVIDEND REINVEST", 92.73, 10770, 10770 "2000-11-24", "0084", "DIVIDEND REINVEST", 101.44, 11741, 11741 "2000-12-22", "0084", "DIVIDEND REINVEST", 90.22, 10160, 10160 "2000-12-22", "0084", "SPECIAL DIVIDEND REINVEST", 11.44, 1288, 1288 "2000-12-28", "0084", "DIVIDEND REINVEST", 9.09, 1031, 1031 "2001-01-25", "0084", "DIVIDEND REINVEST", 86.30, 9785, 9785 "2001-02-23", "0084", "DIVIDEND REINVEST", 103.32, 11648, 11648 "2001-03-23", "0084", "DIVIDEND REINVEST", 86.23, 9624, 9624 "2001-04-25", "0084", "DIVIDEND REINVEST", 95.56, 10847, 10847 "2001-05-24", "0084", "DIVIDEND REINVEST", 86.95, 9971, 9971 "2001-06-25", "0084", "DIVIDEND REINVEST", 97.90, 11025, 11025 "2001-07-25", "0084", "DIVIDEND REINVEST", 89.65, 10107, 10107 "2001-08-24", "0084", "DIVIDEND REINVEST", 95.54, 10663, 10663 "2001-09-25", "0084", "DIVIDEND REINVEST", 90.77, 9975, 9975 "2001-10-25", "0084", "DIVIDEND REINVEST", 88.14, 9560, 9560 "2001-11-23", "0084", "DIVIDEND REINVEST", 93.86, 10417, 10417 "2001-12-24", "0084", "DIVIDEND REINVEST", 90.32, 10092, 10092 "2001-12-28", "0084", "DIVIDEND REINVEST", 15.18, 1696, 1696 "2002-01-24", "0084", "DIVIDEND REINVEST", 77.90, 8636, 8636 "2002-02-25", "0084", "DIVIDEND REINVEST", 110.23, 12127, 12127 "2002-03-25", "0084", "DIVIDEND REINVEST", 88.59, 10010, 10010 "2002-04-25", "0084", "DIVIDEND REINVEST", 100.89, 11235, 11235 "2002-05-24", "0084", "DIVIDEND REINVEST", 103.31, 11543, 11543 "2002-06-25", "0084", "DIVIDEND REINVEST", 94.03, 10390, 10390 "2002-07-25", "0084", "DIVIDEND REINVEST", 92.90, 10098, 10098 "2002-08-23", "0084", "DIVIDEND REINVEST", 95.61, 10303, 10303 "2002-09-25", "0084", "DIVIDEND REINVEST", 95.67, 10178, 10178 "2002-10-24", "0084", "DIVIDEND REINVEST", 82.99, 8991, 8991 "2002-11-25", "0084", "DIVIDEND REINVEST", 92.58, 9987, 9987 "2002-12-24", "0084", "DIVIDEND REINVEST", 84.88, 9049, 9049 "2002-12-30", "0084", "DIVIDEND REINVEST", 14.41, 1528, 1528 "2003-01-24", "0084", "DIVIDEND REINVEST", 75.20, 8009, 8009 "2003-02-25", "0084", "DIVIDEND REINVEST", 87.84, 9315, 9315 "2003-03-25", "0084", "DIVIDEND REINVEST", 74.04, 7927, 7927 "2003-04-25", "0084", "DIVIDEND REINVEST", 95.86, 10198, 10198 "2003-05-23", "0084", "DIVIDEND REINVEST", 74.08, 7725, 7725 "2003-06-25", "0084", "DIVIDEND REINVEST", 73.45, 7707, 7707 "2003-07-25", "0084", "DIVIDEND REINVEST", 78.55, 8492, 8492 "2003-08-25", "0084", "DIVIDEND REINVEST", 75.68, 8353, 8353 "2003-09-25", "0084", "DIVIDEND REINVEST", 88.59, 9546, 9546 "2003-10-24", "0084", "DIVIDEND REINVEST", 84.72, 9189, 9189 "2003-11-25", "0084", "DIVIDEND REINVEST", 90.87, 9834, 9834 "2003-12-24", "0084", "DIVIDEND REINVEST", 78.61, 8517, 8517 "2003-12-30", "0084", "DIVIDEND REINVEST", 13.32, 1446, 1446 "2004-01-23", "0084", "DIVIDEND REINVEST", 65.74, 7084, 7084 "2004-02-25", "0084", "DIVIDEND REINVEST", 76.80, 8267, 8267 "2004-03-25", "0084", "DIVIDEND REINVEST", 68.37, 7297, 7297 "2004-04-23", "0084", "DIVIDEND REINVEST", 78.94, 8665, 8665 "2004-05-25", "0084", "DIVIDEND REINVEST", 82.46, 9193, 9193 "2004-06-25", "0084", "DIVIDEND REINVEST", 92.64, 10293, 10293 "2004-07-23", "0084", "DIVIDEND REINVEST", 72.57, 8019, 8019 "2004-08-25", "0084", "DIVIDEND REINVEST", 85.82, 9431, 9431 "2004-09-24", "0084", "DIVIDEND REINVEST", 83.98, 9188, 9188 "2004-10-25", "0084", "DIVIDEND REINVEST", 75.19, 8200, 8200 "2004-11-24", "0084", "DIVIDEND REINVEST", 90.92, 9991, 9991 "2004-12-23", "0084", "DIVIDEND REINVEST", 82.23, 9046, 9046 "2004-12-30", "0084", "DIVIDEND REINVEST", 13.45, 1481, 1481 "2005-01-25", "0084", "DIVIDEND REINVEST", 66.76, 7328, 7328 "2005-02-25", "0084", "DIVIDEND REINVEST", 95.97, 10569, 10569 "2005-03-24", "0084", "DIVIDEND REINVEST", 72.50, 8110, 8110 "2005-04-25", "0084", "DIVIDEND REINVEST", 81.32, 8986, 8986 "2005-05-25", "0084", "DIVIDEND REINVEST", 80.12, 8804, 8804 "2005-06-24", "0084", "DIVIDEND REINVEST", 88.46, 9668, 9668 "2005-07-25", "0084", "DIVIDEND REINVEST", 76.63, 8486, 8486 "2005-08-25", "0084", "DIVIDEND REINVEST", 79.84, 8832, 8832 "2005-09-23", "0084", "DIVIDEND REINVEST", 82.54, 9161, 9161 "2005-10-25", "0084", "DIVIDEND REINVEST", 83.36, 9366, 9366 "2005-11-25", "0084", "DIVIDEND REINVEST", 95.48, 10728, 10728 "2005-12-23", "0084", "DIVIDEND REINVEST", 84.98, 9527, 9527 "2005-12-30", "0084", "DIVIDEND REINVEST", 21.54, 2418, 2418 "2006-01-25", "0084", "DIVIDEND REINVEST", 67.29, 7561, 7561 "2006-02-24", "0084", "DIVIDEND REINVEST", 95.65, 10796, 10796 "2006-03-24", "0084", "DIVIDEND REINVEST", 83.96, 9519, 9519 "2006-04-25", "0084", "DIVIDEND REINVEST", 92.92, 10705, 10705 "2006-05-25", "0084", "DIVIDEND REINVEST", 91.60, 10565, 10565 "2006-06-23", "0084", "DIVIDEND REINVEST", 99.50, 11583, 11583 "2006-07-25", "0084", "DIVIDEND REINVEST", 100.86, 11660, 11660 "2006-08-25", "0084", "DIVIDEND REINVEST", 103.40, 11817, 11817 "2006-09-25", "0084", "DIVIDEND REINVEST", 86.15, 9768, 9768 "2006-10-25", "0084", "DIVIDEND REINVEST", 100.76, 11515, 11515 "2006-11-22", "0084", "DIVIDEND REINVEST", 86.51, 9797, 9797 "2006-12-22", "0084", "DIVIDEND REINVEST", 92.93, 10536, 10536 "2006-12-29", "0084", "DIVIDEND REINVEST", 15.70, 1786, 1786 "2007-01-25", "0084", "DIVIDEND REINVEST", 78.75, 9021, 9021 "2007-02-23", "0084", "DIVIDEND REINVEST", 100.02, 11366, 11366 "2007-03-23", "0084", "DIVIDEND REINVEST", 85.18, 9658, 9658 "2007-04-25", "0084", "DIVIDEND REINVEST", 93.28, 10600, 10600 "2007-05-24", "0084", "DIVIDEND REINVEST", 87.11, 9978, 9978 "2007-06-25", "0084", "DIVIDEND REINVESTED", 100.62, 11632, 11632 "2007-07-25", "0084", "DIVIDEND REINVESTED", 90.86, 10504, 10504 "2007-08-24", "0084", "DIVIDEND REINVESTED", 94.41, 10827, 10827 "2007-09-25", "0084", "DIVIDEND REINVESTED", 97.28, 11105, 11105 "2007-10-25", "0084", "DIVIDEND REINVESTED", 91.68, 10336, 10336 "2007-11-21", "0084", "DIVIDEND REINVESTED", 82.09, 9255, 9255 "2007-12-21", "0084", "DIVIDEND REINVESTED", 90.33, 10241, 10241 "2007-12-31", "0084", "DIVIDEND REINVESTED", 24.80, 2796, 2796 "2008-01-25", "0084", "DIVIDEND REINVESTED", 81.36, 9050, 9050 "2008-02-25", "0084", "DIVIDEND REINVESTED", 89.28, 10145, 10145 "2008-03-25", "0084", "DIVIDEND REINVESTED", 76.32, 8566, 8566 "2008-04-25", "0084", "DIVIDEND REINVESTED", 88.18, 10020, 10020 "2008-05-23", "0084", "DIVIDEND REINVESTED", 75.57, 8520, 8520 "2008-06-25", "0084", "DIVIDEND REINVESTED", 79.87, 9170, 9170 "2008-07-25", "0084", "DIVIDEND REINVESTED", 85.02, 9806, 9806 "2008-08-25", "0084", "DIVIDEND REINVESTED", 80.55, 9216, 9216 "2008-09-25", "0084", "DIVIDEND REINVESTED", 85.22, 9739, 9739 "2008-10-24", "0084", "DIVIDEND REINVESTED", 83.85, 9761, 9761 "2008-11-25", "0084", "DIVIDEND REINVESTED", 85.53, 9922, 9922 "2008-12-24", "0084", "DIVIDEND REINVESTED", 77.15, 8727, 8727 "2008-12-31", "0084", "DIVIDEND REINVESTED", 16.68, 1889, 1889 "2009-01-23", "0084", "DIVIDEND REINVESTED", 51.58, 5861, 5861 "2009-02-25", "0084", "DIVIDEND REINVESTED", 79.96, 9107, 9107 "2009-03-25", "0084", "DIVIDEND REINVESTED", 70.64, 7955, 7955 "2009-04-24", "0084", "DIVIDEND REINVESTED", 80.38, 9042, 9042 "2009-05-22", "0084", "DIVIDEND REINVESTED", 64.10, 7162, 7162 "2009-06-25", "0084", "DIVIDEND REINVESTED", 78.10, 8726, 8726 "2009-07-24", "0084", "DIVIDEND REINVESTED", 75.34, 8343, 8343 "2009-08-25", "0084", "DIVIDEND REINVESTED", 69.48, 7610, 7610 "2009-09-25", "0084", "DIVIDEND REINVESTED", 77.95, 8445, 8445 "2009-10-23", "0084", "DIVIDEND REINVESTED", 67.64, 7297, 7297 "2009-11-25", "0084", "DIVIDEND REINVESTED", 79.74, 8510, 8510 "2009-12-24", "0084", "DIVIDEND REINVESTED", 77.46, 8374, 8374 "2009-12-31", "0084", "DIVIDEND REINVESTED", 10.13, 1096, 1096 "2010-01-25", "0084", "DIVIDEND REINVESTED", 63.46, 6780, 6780 "2010-02-25", "0084", "DIVIDEND REINVESTED", 84.78, 9038, 9038 "2010-03-25", "0084", "DIVIDEND REINVESTED", 73.09, 7825, 7825 "2010-04-23", "0084", "DIVIDEND REINVESTED", 75.51, 8059, 8059 "2010-05-25", "0084", "DIVIDEND REINVESTED", 72.05, 7560, 7560 "2010-06-25", "0084", "DIVIDEND REINVESTED", 81.77, 8535, 8535 "2010-07-23", "0084", "DIVIDEND REINVESTED", 67.31, 6990, 6990 "2010-08-25", "0084", "DIVIDEND REINVESTED", 73.27, 7515, 7515 "2010-09-24", "0084", "DIVIDEND REINVESTED", 76.73, 7886, 7886 "2010-10-25", "0084", "DIVIDEND REINVESTED", 68.47, 6987, 6987 "2010-11-24", "0084", "DIVIDEND REINVESTED", 73.73, 7601, 7601 "2010-12-23", "0084", "DIVIDEND REINVESTED", 73.77, 7725, 7725 "2010-12-31", "0084", "DIVIDEND REINVESTED", 12.17, 1269, 1269 "2011-01-25", "0084", "DIVIDEND REINVESTED", 61.04, 6365, 6365 "2011-02-25", "0084", "DIVIDEND REINVESTED", 82.66, 8646, 8646 "2011-03-25", "0084", "DIVIDEND REINVESTED", 64.64, 6769, 6769 "2011-04-25", "0084", "DIVIDEND REINVESTED", 68.72, 7158, 7158 "2011-05-25", "0084", "DIVIDEND REINVESTED", 70.14, 7231, 7231 "2011-06-24", "0084", "DIVIDEND REINVESTED", 72.53, 7424, 7424 "2011-07-29", "0084", "DIVIDEND REINVESTED", 77.70, 7937, 7937 "2011-08-31", "0084", "DIVIDEND REINVESTED", 65.57, 6603, 6603 "2011-09-30", "0084", "DIVIDEND REINVESTED", 68.56, 6856, 6856 "2011-10-31", "0084", "DIVIDEND REINVESTED", 63.52, 6384, 6384 "2011-11-30", "0084", "DIVIDEND REINVESTED", 67.76, 6796, 6796 "2011-12-30", "0084", "DIVIDEND REINVESTED", 65.59, 6552, 6552 "2012-01-31", "0084", "DIVIDEND REINVESTED", 68.74, 6840, 6840 "2012-02-29", "0084", "DIVIDEND REINVESTED", 66.14, 6607, 6607 "2012-03-30", "0084", "DIVIDEND REINVESTED", 70.48, 7083, 7083 "2012-04-30", "0084", "DIVIDEND REINVESTED", 66.53, 6626, 6626 "2012-05-31", "0084", "DIVIDEND REINVESTED", 66.77, 6611, 6611 "2012-06-29", "0084", "DIVIDEND REINVESTED", 64.34, 6377, 6377 "2012-07-31", "0084", "DIVIDEND REINVESTED", 62.66, 6161, 6161 "2012-08-31", "0084", "DIVIDEND REINVESTED", 73.85, 7269, 7269 "2012-09-28", "0084", "DIVIDEND REINVESTED", 59.20, 5821, 5821 "2012-10-31", "0084", "DIVIDEND REINVESTED", 55.70, 5493, 5493 "2012-11-07", "0084", "CAPITAL GAIN REINVESTED", 587.27, 58845, 58845 "2012-11-30", "0084", "DIVIDEND REINVESTED", 57.52, 5764, 5764 "2012-12-21", "0084", "CAPITAL GAIN REINVESTED", 472.37, 48103, 48103 "2012-12-31", "0084", "DIVIDEND REINVESTED", 54.95, 5596, 5596 "2013-01-31", "0084", "DIVIDEND REINVESTED", 61.42, 6293, 6293 "2013-02-28", "0084", "DIVIDEND REINVESTED", 61.30, 6268, 6268 "2013-03-28", "0084", "DIVIDEND REINVESTED", 57.45, 5874, 5874 "2013-04-30", "0084", "DIVIDEND REINVESTED", 50.30, 5112, 5112 "2013-05-31", "0084", "DIVIDEND REINVESTED", 52.98, 5490, 5490 "2013-06-28", "0084", "DIVIDEND REINVESTED", 44.74, 4709, 4709 "2013-07-31", "0084", "DIVIDEND REINVESTED", 51.27, 5408, 5408 "2013-08-30", "0084", "DIVIDEND REINVESTED", 54.87, 5825, 5825 "2013-09-30", "0084", "DIVIDEND REINVESTED", 45.14, 4752, 4752 "2013-10-31", "0084", "CAPITAL GAIN REINVESTED", 215.30, 22687, 22687 "2013-10-31", "0084", "DIVIDEND REINVESTED", 45.78, 4824, 4824 "2013-11-29", "0084", "DIVIDEND REINVESTED", 50.45, 5344, 5344 "2013-12-31", "0084", "DIVIDEND REINVESTED", 34.77, 3719, 3719 "2014-01-31", "0084", "DIVIDEND REINVESTED", 35.88, 3785, 3785 "2014-02-28", "0084", "DIVIDEND REINVESTED", 38.07, 3999, 3999 "2014-03-31", "0084", "DIVIDEND REINVESTED", 32.89, 3473, 3473 "2014-04-30", "0084", "DIVIDEND REINVESTED", 40.87, 4289, 4289 "2014-05-30", "0084", "DIVIDEND REINVESTED", 37.56, 3908, 3908 "2014-06-30", "0084", "DIVIDEND REINVESTED", 35.70, 3711, 3711 "2014-07-31", "0084", "DIVIDEND REINVESTED", 42.73, 4465, 4465 "2014-08-29", "0084", "DIVIDEND REINVESTED", 37.12, 3847, 3847 "2014-09-30", "0084", "DIVIDEND REINVESTED", 40.20, 4192, 4192 "2014-10-31", "0084", "DIVIDEND REINVESTED", 37.37, 3869, 3869 "2014-11-28", "0084", "DIVIDEND REINVESTED", 31.63, 3254, 3254 "2014-12-31", "0084", "DIVIDEND REINVESTED", 31.49, 3240, 3240 "2015-01-30", "0084", "DIVIDEND REINVESTED", 27.40, 2770, 2770 "2015-02-27", "0084", "DIVIDEND REINVESTED", 36.63, 3742, 3742 "2015-03-31", "0084", "DIVIDEND REINVESTED", 34.47, 3510, 3510 "2015-04-30", "0084", "DIVIDEND REINVESTED", 32.31, 3300, 3300 "2015-05-29", "0084", "CAPITAL GAIN REINVESTED", 405.40, 42054, 42054 "2015-05-29", "0084", "DIVIDEND REINVESTED", 33.56, 3481, 3481 "2015-06-30", "0084", "DIVIDEND REINVESTED", 33.50, 3512, 3512 "2015-07-31", "0084", "DIVIDEND REINVESTED", 36.65, 3818, 3818 "2015-08-31", "0084", "DIVIDEND REINVESTED", 33.06, 3447, 3447 "2015-09-30", "0084", "DIVIDEND REINVESTED", 32.32, 3356, 3356 "2015-10-30", "0084", "DIVIDEND REINVESTED", 24.54, 2556, 2556 "2015-11-30", "0084", "DIVIDEND REINVESTED", 22.59, 2365, 2365 "2015-12-31", "0084", "DIVIDEND REINVESTED", 30.10, 3165, 3165 "2016-01-29", "0084", "DIVIDEND REINVESTED", 28.09, 2908, 2908 "2016-02-29", "0084", "DIVIDEND REINVESTED", 29.31, 3015, 3015 "2016-03-31", "0084", "DIVIDEND REINVESTED", 39.62, 4064, 4064 "2016-04-29", "0084", "DIVIDEND REINVESTED", 36.56, 3750, 3750 "2016-05-31", "0084", "CAPITAL GAIN REINVESTED", 142.93, 14735, 14735 "2016-05-31", "0084", "DIVIDEND REINVESTED", 32.55, 3356, 3356 "2016-06-30", "0084", "DIVIDEND REINVESTED", 33.19, 3366, 3366 "2016-07-29", "0084", "DIVIDEND REINVESTED", 33.17, 3351, 3351 "2016-08-31", "0084", "DIVIDEND REINVESTED", 35.52, 3599, 3599 "2016-09-30", "0084", "DIVIDEND REINVESTED", 33.42, 3389, 3389 "2016-10-31", "0084", "DIVIDEND REINVESTED", 32.58, 3335, 3335 "2016-11-30", "0084", "DIVIDEND REINVESTED", 38.12, 4004, 4004 "2016-12-30", "0084", "DIVIDEND REINVESTED", 37.65, 3959, 3959 "2017-01-31", "0084", "DIVIDEND REINVESTED", 38.97, 4098, 4098 "2017-02-28", "0084", "DIVIDEND REINVESTED", 36.79, 3852, 3852 "2017-03-31", "0084", "DIVIDEND REINVESTED", 42.90, 4497, 4497 "2017-04-28", "0084", "DIVIDEND REINVESTED", 38.27, 3991, 3991 "2017-05-30", "0084", "CAPITAL GAIN REINVESTED", 185.88, 19383, 19383 "2017-05-31", "0084", "DIVIDEND REINVESTED", 42.32, 4408, 4408 "2017-06-30", "0084", "DIVIDEND REINVESTED", 46.83, 4899, 4899 "2017-07-31", "0084", "DIVIDEND REINVESTED", 42.36, 4426, 4426 "2017-08-31", "0084", "DIVIDEND REINVESTED", 45.05, 4668, 4668 "2017-09-29", "0084", "DIVIDEND REINVESTED", 68.11, 7117, 7117 "2017-10-31", "0084", "DIVIDEND REINVESTED", 67.48, 7073, 7073 "2017-11-30", "0084", "DIVIDEND REINVESTED", 61.98, 6524, 6524 "2017-12-29", "0084", "DIVIDEND REINVESTED", 56.55, 5946, 5946 "2018-01-31", "0084", "DIVIDEND REINVESTED", 52.10, 5554, 5554 "2018-02-28", "0084", "DIVIDEND REINVESTED", 57.29, 6167, 6167 "2018-03-29", "0084", "DIVIDEND REINVESTED", 58.35, 6247, 6247 "2018-04-30", "0084", "DIVIDEND REINVESTED", 54.42, 5883, 5883 "2018-05-31", "0084", "DIVIDEND REINVESTED", 57.75, 6196, 6196 "2018-06-29", "0084", "DIVIDEND REINVESTED", 65.85, 7081, 7081 "2018-07-31", "0084", "DIVIDEND REINVESTED", 61.89, 6684, 6684 "2018-08-31", "0084", "DIVIDEND REINVESTED", 71.00, 7634, 7634 "2018-09-28", "0084", "DIVIDEND REINVESTED", 56.19, 6101, 6101 "2018-10-31", "0084", "DIVIDEND REINVESTED", 72.84, 7978, 7978 "2018-11-30", "0084", "DIVIDEND REINVESTED", 73.36, 7983, 7983 "2018-12-31", "0084", "DIVIDEND REINVESTED", 71.29, 7641, 7641 "2019-01-31", "0084", "DIVIDEND REINVESTED", 64.43, 6884, 6884 "2019-02-28", "0084", "DIVIDEND REINVESTED", 58.13, 6230, 6230 "2019-03-29", "0084", "DIVIDEND REINVESTED", 76.35, 8062, 8062 "2019-04-30", "0084", "DIVIDEND REINVESTED", 73.85, 7823, 7823 "2019-05-31", "0084", "DIVIDEND REINVESTED", 74.80, 7800, 7800 "2019-06-28", "0084", "DIVIDEND REINVESTED", 65.76, 6815, 6815 "2019-07-31", "0084", "DIVIDEND REINVESTED", 69.63, 7231, 7231 "2019-08-30", "0084", "DIVIDEND REINVESTED", 71.53, 7269, 7269 "2019-09-30", "0084", "DIVIDEND REINVESTED", 61.25, 6269, 6269 "2019-10-31", "0084", "DIVIDEND REINVESTED", 62.03, 6356, 6356 "2019-11-29", "0084", "DIVIDEND REINVESTED", 63.77, 6561, 6561 "2019-12-31", "0084", "DIVIDEND REINVESTED", 62.84, 6492, 6492 "2020-01-31", "0084", "DIVIDEND REINVESTED", 62.85, 6381, 6381 "2020-02-28", "0084", "DIVIDEND REINVESTED", 58.85, 5879, 5879 "2020-03-31", "0084", "DIVIDEND REINVESTED", 63.06, 6250, 6250 "2020-04-30", "0084", "DIVIDEND REINVESTED", 61.76, 6103, 6103 "2020-05-29", "0084", "DIVIDEND REINVESTED", 64.31, 6348, 6348 "2020-06-30", "0084", "DIVIDEND REINVESTED", 69.98, 6908, 6908 "2020-07-31", "0084", "DIVIDEND REINVESTED", 65.27, 6393, 6393 "2020-08-31", "0084", "DIVIDEND REINVESTED", 54.44, 5379, 5379 "2020-09-30", "0084", "DIVIDEND REINVESTED", 50.41, 4971, 4971 "2020-10-30", "0084", "DIVIDEND REINVESTED", 47.76, 4752, 4752 "2020-11-30", "0084", "DIVIDEND REINVESTED", 48.06, 4758, 4758 "2020-12-31", "0084", "DIVIDEND REINVESTED", 46.02, 4565, 4565 "2021-01-29", "0084", "DIVIDEND REINVESTED", 49.53, 4948, 4948 "2021-02-26", "0084", "DIVIDEND REINVESTED", 49.63, 5033, 5033 "2021-03-31", "0084", "DIVIDEND REINVESTED", 53.50, 5515, 5515 "2021-04-30", "0084", "DIVIDEND REINVESTED", 85.34, 8762, 8762 "2021-05-28", "0084", "DIVIDEND REINVESTED", 55.51, 5705, 5705 "2021-06-30", "0084", "DIVIDEND REINVESTED", 69.86, 7187, 7187 "2021-07-30", "0084", "DIVIDEND REINVESTED", 52.57, 5370, 5370 "2021-08-31", "0084", "DIVIDEND REINVESTED", 51.88, 5321, 5321 "2021-09-30", "0084", "DIVIDEND REINVESTED", 52.47, 5437, 5437 "2021-10-29", "0084", "DIVIDEND REINVESTED", 46.75, 4880, 4880 "2021-11-30", "0084", "DIVIDEND REINVESTED", 56.90, 5933, 5933 "2021-12-13", "0084", "CAPITAL GAIN REINVESTED", 700.85, 74638, 74638 "2021-12-31", "0084", "DIVIDEND REINVESTED", 61.91, 6614, 6614 "2022-01-31", "0084", "DIVIDEND REINVESTED", 50.37, 5481, 5481 "2022-02-28", "0084", "DIVIDEND REINVESTED", 43.16, 4753, 4753 "2022-03-31", "0084", "DIVIDEND REINVESTED", 100.45, 11480, 11480 "2022-04-29", "0084", "DIVIDEND REINVESTED", 53.58, 6341, 6341 "2022-05-31", "0084", "DIVIDEND REINVESTED", 56.96, 6749, 6749 "2022-06-30", "0084", "DIVIDEND REINVESTED", 56.45, 6793, 6793 "2022-07-29", "0084", "DIVIDEND REINVESTED", 60.12, 7140, 7140 "2022-08-31", "0084", "DIVIDEND REINVESTED", 63.17, 7713, 7713 "2022-09-30", "0084", "DIVIDEND REINVESTED", 61.99, 7897, 7897 "2022-10-31", "0084", "DIVIDEND REINVESTED", 68.68, 8885, 8885 "2022-11-30", "0084", "DIVIDEND REINVESTED", 73.27, 9193, 9193 "2022-12-22", "0084", "ORDINARY INCOME-REINVEST", 33.07, 4149, 4149 "2022-12-30", "0084", "DIVIDEND REINVESTED", 75.80, 9632, 9632 "2023-01-31", "0084", "DIVIDEND REINVESTED", 78.31, 9644, 9644 "2023-02-28", "0084", "DIVIDEND REINVESTED", 75.11, 9508, 9508 "2023-03-31", "0084", "DIVIDEND REINVESTED", 83.54, 10391, 10391 "2023-04-28", "0084", "DIVIDEND REINVESTED", 83.54, 10365, 10365 "2023-05-31", "0084", "DIVIDEND REINVESTED", 84.59, 10627, 10627 "2023-06-30", "0084", "DIVIDEND REINVESTED", 85.53, 10827, 10827
Basis computation
Section 5 - Unknown term 3347.105 shares matches the dividend reinvestment shares from 1986 thru 2010-12-31. The basis of those shares is $31583.99 based on the PGIM PDF files.
Section 4 - Long term 84.721 shares matches the dividend reinvestment shares from 2011-01-25 thru 2011-12-30. Adding up the cost for those shares shown on the PGIM PDF files we get $828.43 which matches their basis. Why did they not report that basis to the IRS?
Section 3 - Long term 954.890 shares matches the dividend reinvestment shares from 2012-01-31 thru 2022-06-30. But adding up the cost for those shares shown on the PGIM PDF files we get $9199.67 rather than their reported $9029.74
Section 1 - Short term 115.971 shares matches the dividend reinvestment shares from 2022-07-29 thru 2023-06-30. But adding up the cost for those shares shown on the PGIM PDF files we get $926.72 rather than their reported $1096.65 basis.
The total basis from section 1 and 2 is $10126.39 - on that the PGIM PDF files and the 1099-B numbers agree. PGIM has mis-categorized $169.93 and I have no idea where that number comes from.
Performance
In July 2023 we sold 4502.687 shares of the fund for $35436.15 with a cost basis of $42538.81 for a net loss of $7102.66. I find it a bit strange that a mutual fund can lose money over the course of 37 years. That gives an internal rate of return of -0.81 percent, which is amazingly bad.
Well, you might say the customer only invested $8000 in 1986 and 1987, and received $35436 in 2023, so they did not really lose money. But that would ignore the very real cash income tax paid on all those reinvested dividends. Most of this was in California, so we will assume a combined California and Federal marginal tax rate of 15 percent. That gives us another $5181 investment over the course of 37 years for a total cash investment of $13180.84, and an internal rate of return of 3.13 percent, which just barely beats the 2.8 percent annual inflation from 1986 to 2023. See this for the inflation computation.
Summary
If you like losing money while pretending to "invest", by all means you should buy that fund. If you like fund managers that pretend to forget what you paid for shares, by all means invest with PGIM. If you like fund managers that make strange mistakes on their 1099-B forms (see above), by all means invest with PGIM. I suspect you won't be disappointed.