With a focus on meeting the income needs of participants, our target date funds aim to provide participants with income for 30 years beyond retirement. Available in multiple vehicle structures to address a variety of plan needs, PGIM Target Date Funds seek to solve for the right risks at the right time to achieve better retirement outcomes for defined contribution plan participants.
Our target date funds are available in cost-efficient vehicle structures, combining both passive and actively managed strategies. Their active/passive design adds value in areas where greater alpha opportunities exist and helps to reduce overall costs.
Our target date funds invest in a combination of equity, fixed income, and non-traditional asset classes.
Provides the potential for growth and diversification
Asset classes include:
Allows for capital appreciation, with a low correlation to stocks and bonds, as well as a potential hedge against inflation
Asset classes include:
Exposure, through multiple sectors, helps lower volatility
Asset classes include:
*Direct real estate is utilized in the CIT vehicle, while real estate is implemented via global REITs in the Mutual Fund vehicle.
EXPLORE OUR FUNDS
The PGIM Target Date Funds were formerly known as The Prudential Day One target date fund series. The name change was effective on or about 12/11/2023 for the mutual funds and effective 12/6/2023 for the CITs.
MUTUAL FUND FACT SHEETS
PGIM AT A GLANCE
Risks—Investing involves risk. Some investments have more risk than others. The investment return and principal value will fluctuate, and investors’ shares, when sold, may be worth more or less than the original cost. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise. Asset allocation and diversification do not assure a profit or protect against loss in declining markets. There is no guarantee a Fund’s objectives will be achieved. The risks associated with each fund are explained more fully in each fund’s respective prospectus. TIPS may experience greater losses than other fixed income securities with similar durations. Unique risks associated with real estate and commodities may cause these investments to react differently to market conditions than traditional investments. Commodities may be speculative and more volatile than investments in more traditional equity and debt securities.
This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional.
The target date is the approximate year in which investors plan to retire. The funds are designed for investors who will either withdraw all of their assets upon retirement or who will gradually withdraw assets from the fund over a moderate time period following retirement. Each fund invests in underlying funds that provide exposure to fixed income, equity and non-traditional asset classes. The asset allocation of the target date funds will become more conservative as the target date approaches and for ten years after the target date by lessening the equity exposure and increasing the exposure in fixed income investments. The principal value of an investment in a target date fund is not guaranteed at any time, including the target date. There is no guarantee that the fund will provide adequate income through retirement.
A target date fund should not be selected solely based on age or retirement date. Before investing, participants should carefully consider the fund’s investment objectives, risks, charges and expenses, as well as their age, anticipated retirement date, risk tolerance, other investments owned, and planned withdrawals.
The stated asset allocation may be subject to change. It is possible to lose money in a target date fund, including losses near and following retirement. Investments in the funds are not deposits or obligations of any bank and are not insured or guaranteed by any governmental agency or instrumentality. The Fund offers no assurance that the Fund will provide adequate income to meet an investor’s retirement or financial goals. The Fund’s equity exposure may result in investment volatility that could reduce an investor’s available retirement assets at a time when the investor needs to withdraw funds.
PGIM Target Date Funds may be offered as: (i) collective investment trust funds offered by Great Gray Trust Company LLC (ii) registered mutual funds offered through Prudential Investment Management Services LLC (PIMS), Newark, NJ, a Prudential Financial company.
For Mutual Funds: Consider a fund’s investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. Contact your financial professional or call (877) 275-9786 for a prospectus and summary prospectus. Read them carefully before investing.
Important Information about the PGIM Target Date CITs offered by Great Gray Trust Company, LLC:
Great Gray Trust Company, LLC Collective Investment Funds (“Great Gray Funds”) are bank collective investment funds; they are not mutual funds. Great Gray Trust Company, LLC serves as the Trustee of the Great Gray Funds and maintains ultimate fiduciary authority over the management of, and investments made in, the Great Gray Funds. PGIM DC Solutions LLC has been retained to manage the assets. Great Gray Funds and their units are exempt from registration under the Investment Company Act of 1940 and the Securities Act of 1933, respectively.
Investments in the Great Gray Funds are not bank deposits or obligations of and are not insured or guaranteed by Great Gray Trust Company, LLC, any other bank, the FDIC, the Federal Reserve, or any other governmental agency. The Great Gray Funds are commingled investment vehicles, and as such, the values of the underlying investments will rise and fall according to market activity; it is possible to lose money by investing in the Great Gray Funds.
Participation in Collective Investment Trust Funds is limited primarily to qualified retirement plans and certain state or local government plans and is not available to IRAs, health and welfare plans and, in certain cases, Keogh (H.R. 10) plans. Collective Investment Trust Funds may be suitable investments for plan fiduciaries seeking to construct a well-diversified retirement savings program. Investors should consider the investment objectives, risks, charges, and expenses of any pooled investment fund carefully before investing. The Additional Fund Information and Principal Risk Definitions (PRD) contains this and other information about a Collective Investment Trust Fund and is available at www.greatgray.com/principalriskdefinitions or ask for a copy free of charge by contacting Great Gray Trust Company, LLC at (866) 427-6885.
Past performance is not a guarantee or indicator of future performance.
PGIM, PGIM DC Solutions logo and the Rock design are service marks of PFI and its related entities, registered in many jurisdictions worldwide.
For Financial Professional use only. Not for use with the Public.
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