Helping you achieve your retirement goals
When contributing to your retirement savings, you want to grow your savings for the long term. But unless you’re an investment expert, it can be hard to do it on your own.
The Prudential Day One Target Date Funds can help.
The Day One®Funds are professionally managed target-date funds that can help you get—and stay—on the path to a more secure retirement. To help you achieve your retirement goals, the Day One Funds bring you the power of Prudential: its combined expertise of a top-10 global asset manager1 and defined benefit provider2. We are trusted by some of the largest Fortune 100 companies to manage their pension benefits and we use that knowledge to manage the Day One Funds.
Saving for retirement is hard enough. The Prudential Day One Target Date Funds can help with how those retirement savings are invested to help them grow over time. The Day One Funds are a suite of 12 funds, each designed for participants planning to retire in or near the target year. The asset allocation strategy and Glidepath of each target-date fund are intended to maximize the potential that one's account balance will provide a source of income in retirement.3
Prudential Day One Target Date Funds
The Day One Funds are specifically designed to help you solve for different risks that come with saving and growing your money for the long term—risks like not accumulating enough savings when you’re young, or not reducing exposure to volatility in the market as you approach retirement. Each Day One Fund includes an allocation to several underlying funds resulting in a diversified mix of investments, like stocks and bonds, that gradually adjust along a “glidepath” (the mechanism by which target-date funds gradually change their asset allocation over time) to help you solve for these risks as you get closer to, enter, and live in retirement.
- Prudential Financial was ranked 10th-largest global asset manager (out of 477) in terms of global AUM by Pensions & Investments Top Money Manager list published on 5/31/2021 This ranking represents assets managed by Prudential Financial as of 12/31/2021.
- PGIM has 21 of the largest 25 corporate U.S. pension plans. Based on PGIM client list as of 9/30/2021 compared to U.S. Plan Sponsor rankings in Pensions & Investments as of September 30, 2010, published February 2021.
- The Day One Income Fund's asset allocation, with its goal of providing current income, does not not progress along a glidepath.
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 a financial professional.
Diversification does not ensure a profit nor protect against loss in a declining market.
The target date is the approximate year in which investors plan to retire. The funds are designed for investors who plan to 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 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 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. These risks may be increased to the extent investors begin to make withdrawals from the fund significantly before the target date. Investments in the funds are not deposits or obligations of any bank and are not insured or guaranteed by any governmental agency or instrumentality. For investors close to or in retirement, the fund’s equity exposure may result in investment volatility that could reduce an investor’s available retirement assets when they are needed. For investors farther from retirement, there is a risk that a fund may invest too much in investments designed to ensure capital conservation and/or current income, which may prevent the investor from meeting his/her retirement goals.
Mutual funds are distributed by Prudential Investment Management Services LLC, a Prudential Financial company and SIPC member. PGIM Quantitative Solutions, Jennison Associates and PGIM are registered investment advisers and Prudential Financial companies. PGIM Quantitative Solutions is the primary business name of PGIM Quantitative Solutions LLC, a wholly owned subsidiary of PGIM. PGIM Fixed Income and PGIM Real Estate are units of PGIM.
© 2023 Prudential Financial, Inc. and its related entities. Jennison Associates, Jennison, PGIM Real Estate, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
Consider a fund’s investment objectives, risks, charges, and expenses carefully before investing. The prospectus and the summary prospectus contain this and other information about the fund. Contact your financial professional or call 877-275-9786 for a prospectus and the summary prospectus. Read them carefully before investing.
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