PGIM TARGET DATE FUNDS
The smart, simple way to help you shape your tomorrow, today
A one-step approach to investing for retirement
Each PGIM target date fund uses a specific year, or target date, and invests in a way designed to give you better potential for asset growth and help manage the risk of market downturns as you get closer to your planned year of retirement and into your retirement.
And just like that, you have a professionally-managed, diversified investment portfolio.
PGIM target date funds are individual investment portfolios that are offered through multiple vehicle types. There is no guarantee these objectives will be met. The portfolios' asset allocation is based solely on time horizon to retirement and may not align with your unique needs or risk tolerance.
SAVE WELL, INVEST WELL, PGIM RETIREWELL™
The PGIM target date funds can help you get—and stay—on the path to a more secure retirement.
PGIM DC Solutions strategies combine PGIM’s deep investment experience with Prudential’s 95+ years^ of working with American workers just like you.
The PGIM target date funds don’t just work hard for you today. During your working years, they help make it easier to invest for retirement and grow your money for the long-term. They also continue to invest your savings even after the target date. That’s important because the average retirement can last for 20+ years. By keeping your savings invested, you have a better chance for reliable income throughout your retirement.
Finally, we build our portfolios using both passive and actively-managed strategies to help reduce the overall expense to you.
DESIGNED FOR EVERY STAGE OF YOUR LIFE
We design our portfolios with the goal of mitigating risks that could impact your retirement savings. PGIM’s target date funds have exposure across equities, fixed income, and other investments referred to as “non-traditional” asset classes. The investment mix of each portfolio automatically changes over time with no action from you in our three-stage glidepath. It's investing made simple.
For illustrative purposes only. Not representative of the portfolios' actual glidepath.
READY TO CHOOSE YOUR FUND?
To get started, tell us your age and the year you’d like to retire.
^ Prudential has been an innovator and leader in the pension risk transfer market since 1928.
This model is based upon generally accepted investment theories that take into account the historic returns of different asset classes over defined periods of time. In applying this allocation to your individual situation, you should consider other assets, income and investments (e.g., Social Security benefits, individual retirement account investments, savings accounts and interests in other qualified and nonqualified plans) in addition to your interests in your retirement account under the plan.
The PGIM target date portfolios’ glidepath assumes retirement at approximately age 65 and contributions beginning at approximately age 18. Each PGIM target date fund's underlying asset allocation is reviewed periodically to determine whether the glidepath (or, in the case of the PGIM Target Date Income strategy, the prescribed asset allocation) and underlying funds in which such fund invests remain suitable to meet the fund’s investment objective. As a result of this review, the glidepath and/or the allocation of the portfolio’s assets among the underlying funds may be modified.
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.