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Target Date Funds

TARGET DATE FUNDSTARGETDATEFUNDS

Choosing a target date fund may be one of the most important decisions a retirement plan fiduciary will make, which is why we offer the Day One Funds in multiple vehicle structures and share classes to address a variety of plan needs.

  • Target Date Funds Performance

Glidepath Overview

A glidepath designed to help address risk at every stage

The Prudential Day One Funds three stage glidepath was designed to help improve retirement outcomes and solve for the right risks at the right time.

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For illustrative purposes only. Not representative of the funds' actual glidepath.

KEY FEATURES OF PRUDENTIAL DAY ONE FUNDS

DESIGNED WITH COST IN MIND

Available in cost effective vehicle structures, combining both passive index and actively managed strategies.

DIVERSIFICATION WITH A PURPOSE

Investment in both traditional investments and non traditional ones such as commodities and real estate.

BASED ON REAL DATA

Reflect the insights and experience that come with more than  90 years of working with thousands of retirement plans, millions of plan participants, and leading investment managers and behavioral insights.

Target Date Mutual Funds

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Prudential Day One 2065 Fund

Seeks a balance between growth and conservation of capital. 

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Prudential Day One 2050 Fund

Seeks a balance between growth and conservation of capital. 

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Prudential Day One 2035 Fund

 Seeks a balance between growth and conservation of capital. 

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Prudential Day One 2020 Fund

 Seeks a balance between growth and conservation of capital. 

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Prudential Day One 2060 Fund

 Seeks a balance between growth and conservation of capital. 

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Prudential Day One 2045 Fund

 Seeks a balance between growth and conservation of capital. 

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Prudential Day One 2030 Fund

 Seeks a balance between growth and conservation of capital.

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Prudential Day One 2015 Fund

 Seeks a balance between growth and conservation of capital.

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Prudential Day One 2055 Fund

 Seeks a balance between growth and conservation of capital.

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Prudential Day One 2040 Fund

 Seeks a balance between growth and conservation of capital.

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Prudential Day One 2025 Fund

 Seeks a balance between growth and conservation of capital.

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Prudential Day One Income Fund

 Seeks a balance between growth and conservation of capital.

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*Past performance is not indicative of future performance. In order to provide data from additional drawdown periods (time periods preceding the launch of the Prudential Day One Funds mutual fund vehicle), performance in down market periods is that of Similarly Managed Accounts, as represented by the Prudential Day One Fund CITs, and as described in the Prudential Day One Funds mutual fund prospectus. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For the most recent performance of the Day One Funds CITs, please visit the Day One Funds CIT performance page.

Risks—Mutual fund investing involves risk. Some mutual funds 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 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 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. 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.

Prudential Day One Funds may be offered as: (i) collective investment trust funds established by Prudential Trust Company, as trustee, a Pennsylvania trust company located in Scranton, PA and a Prudential Financial company, and (ii) registered mutual funds offered through Prudential Investment Management Services LLC (PIMS), Newark, NJ, a Prudential Financial company. Prudential Trust Company is solely responsible for its own contractual obligations and financial condition. Offers of the collective investment trust funds may only be made by sales officers of Prudential Trust Company.

The Day One Funds, as collective investment trusts, are investment vehicles available only to qualified retirement plans, such as 401(k) plans and government plans, and their participants. Unlike mutual funds, The Day One Funds, as collective investment trusts, are exempt from Securities and Exchange Commission registration under both the Securities Act of 1933 and the Investment Company Act of 1940, but are subject to oversight by state banking or insurance regulators, as applicable. Therefore, investors are generally not entitled to the protections of the federal securities laws.

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.

© 2023 Prudential Financial, Inc., and its related entities. Prudential, the Prudential logo, the Rock symbol, Prudential Day One, and Bring Your Challenges are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

For compliance use only 1037649-00002-00

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© 2023 Prudential Financial, Inc. and its related entities. Jennison Associates, PGIM Real Estate, PGIM Custom Harvest, PGIM and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

Prudential Financial, Inc. 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.

Investment Products: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED.

 

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