PGIM Target Date Funds
The smart, simple way to help you shape your tomorrow, today.
FREQUENTLY ASKED QUESTIONS ON TDFS
PGIM RetireWell Framework
Follow our step-by-step financial wellness guide to help you better manage your finances and understand how to take action to achieve your goals.
PGIM is the investment management business of Prudential Financial, Inc. (PFI). PFI is the 11th largest investment manager (out of 434 firms surveyed) in terms of worldwide institutional assets under management based on Pensions & Investments’ Top Money Managers list published June 2023. This ranking represents institutional client assets under management by PFI as of December 31, 2022. 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.
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. Asset allocation and diversification do not assure a profit or protect against loss in declining markets. There is no guarantee a portfolio’s objectives will be achieved.
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 portfolio should not be selected solely based on age or retirement date. Before investing, participants should carefully consider the portfolio’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 portfolio, including losses near and following retirement. Investments in the portfolios are not deposits or obligations of any bank and are not insured or guaranteed by any governmental agency or instrumentality. The portfolio offers no assurance that the portfolio will provide adequate income to meet an investor’s retirement or financial goals. The portfolio’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.