PGIM RETIREWELL™ MANAGED ACCOUNTSPGIMRETIREWELL™MANAGEDACCOUNTS

^{1 PGIM is the investment management business of Prudential Financial, Inc. (PFI). PFI is the 12th largest investment manager (out of 411 firms surveyed) in terms of worldwide institutional assets under management based on Pensions & Investments’ Top Money Managers list published June 2024. This ranking represents institutional client assets under management by PFI as of 12/31/2023. Participation in the P&I ranking is voluntary and open to managers that have any kind of U.S. institutional tax-exempt AUM. Managers self-report their data via a survey. P&I sends the survey to previously identified managers and to any new managers asking to participate in the survey/ranking. No compensation is required to participate in the ranking.}

^{2 AUM as of 6/30/2024.}

^{3 Prudential has been in the pension risk transfer market since 1928.}

^{4 PFI is the 10th largest investment manager (out of 411 firms surveyed) in terms of U.S. defined contribution assets under management based on Pensions & Investments’ Top DC Money Managers list published June 2024. This ranking represents U.S. defined contribution assets under management by PFI as of 12/31/2023. PGIM DC Solutions aims to help participants achieve their retirement goals through their suite of “PGIM RetireWell™” solutions. These solutions may include a range of investment options including target date, retirement income, and managed account strategies that can be coupled with our proprietary advice engine. There is no guarantee that investment or retirement goals will be achieved. Use of the term “RetireWell™” and any related phrase is not intended to indicate that such retirement goals will be achieved.} 

These materials are for financial professional use only and should not be further distributed by the recipient.

All investments involve risk. There is no guarantee that a participant’s Managed Account will not suffer losses or experience negative returns. Use of the term “RetireWell^TM” and any related phrase is not intended to indicate that your retirement goals will be achieved.

PGIM DC Solutions LLC ("PGIM DC Solutions") is an SEC-registered investment adviser, a Delaware limited liability company, and an affiliate of PGIM, Inc. ("PGIM"), the principal asset management business of Prudential Financial, Inc. ("PFI") of the United States of America.  PFI of the United States is not affiliated in any manner with Prudential plc incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. Registration with the SEC does not imply a certain level of skill or training.  Any information presented herein regarding the affiliates of PGIM DC Solutions is presented purely to facilitate an organizational overview and is not a solicitation on behalf of any affiliate.

These materials are for informational or educational purposes only and are not intended as an offer or solicitation with respect to the purchase or sale of any security.  The information presented is not intended as investment advice and is not a recommendation about managing or investing retirement savings.  These materials do not consider individual investment objectives or financial situations.

The PGIM RetireWell^TM Advice Engine uses the investment and guaranteed income options that are available in a participant’s retirement plan to make asset allocation recommendations for the participants Managed Account. Some plans may include among their investment options Prudential-affiliated investment funds and insurance products (e.g., mutual funds, exchange-traded funds, collective investment vehicles, annuities) (“Proprietary Products”).  These investment options are chosen by the plan provider, plan sponsor or another party selected by the plan sponsor. PGIM DC Solutions has no role in the selection of these investment options. Participants will pay fees to affiliates of PGIM DC Solutions if Proprietary Products are included in the plan sponsor’s investment line-up. For more complete information about an underlying fund that is available in a plan’s investment line-up, including the investment objective, risks, charges and expenses, please see current fund prospectuses or equivalent documents.

PGIM DC Solutions bases its allocation recommendations on information provided by the participant or their agent such as the plan sponsor or recordkeeper for your account.  If the participant or their agent provide inaccurate information to PGIM DC Solutions, or fail to provide material information, the quality of the allocation recommendations made by the PGIM RetireWell^TM Advice Engine will be impacted. PGIM DC Solutions also relies on each plans recordkeeper to execute the trades that are recommended by the PGIM RetireWell^TM Advice Engine. Operational risks arising from failed recordkeeper processes and systems could result in allocation implementation issues resulting in financial loss.

The advice provided by PGIM DC Solutions does not consider a participant’s tax situation, indebtedness, other investments, or specific investment goals. There is no assurance that any asset allocation strategy will be successful. In addition, there can be no assurance that any market or economic scenarios, risk/return expectations or models will prove to be accurate. These materials do not purport to provide any legal, tax or accounting advice.    

A plan sponsor may elect to have its participants automatically enrolled into PGIM Retirewell^TM Managed Accounts program. This type of plan sponsor directed enrollment may be designated as a qualified default investment alternative (“QDIA”), as permitted under the Employee Retirement Income Security Act (“ERISA”). It is the plan sponsor’s responsibility to select the QDIA for plan participants, including the responsibility to determine the quality of the QDIA and reasonableness of fees.  PGIM DC Solutions play no role in this determination.

There is a risk that the PGIM RetireWell^TM Advice Engine and its algorithm may include coding shortcomings or errors, issues with the quality of inputs or other similar modeling challenges.  Furthermore, the algorithms supporting PGIM RetireWell^TM Advice Engine make certain assumptions related to inflation rates, social security benefits, taxes, savings rate etc. These assumptions are subject to change and some are forward looking. They may have inherent short comings that could impact our asset allocation recommendations and the performance of a participants account.

Certain information contained in this document constitute "forward-looking statements," which can be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "anticipate", "target", "project", "estimate", "intend", "continue" or "believe" or the negatives thereof or other variations thereon or comparable terminology.  Due to various risks and uncertainties, actual events or results or the actual performance of the investments may differ materially from those reflected or contemplated in such forward-looking statements.  Accordingly, any projections or forecasts should be viewed as merely representative of a broad range of possible outcomes.   

Any discussion of risk management is intended to describe the PGIM DC Solutions efforts to monitor and manage risk but does not imply low risk.  No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment. 

PGIM, PGIM DC Solutions logo and the Rock design are service marks of PFI and its related entities, registered in many jurisdictions worldwide.

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