For Financial Professional use only. Not for use with the Public.
This material is provided to program sponsors for informational or educational purposes only. To the extent any such recipient chooses to further disseminate this material to program participants, PGIM Investments and its affiliates assume no responsibility for compliance with any laws and rules associated with such further dissemination. Furthermore, receipt of this material by a program participant does not establish a relationship between any such program participant and PGIM Investments or any of its affiliates.
The PGIM Investments model portfolios described herein are made available on third-party platforms for third-party advisors to use, at their discretion, with such third-party advisors’ own clients. The PGIM Investments model portfolios are designed and balanced such that the risk profiles approximate those of the respective benchmarks chosen, or the desired outcomes, for the PGIM Investments model portfolio. PGIM Investments maintains the model portfolios in alignment with established allocations to underlying mutual funds/ETFs. These allocations may be adjusted from time to time in accordance with PGIM Investments’ policies and processes. In offering the PGIM Investments model portfolios, PGIM Investments is not providing advisory services to, or managing assets for or on behalf of, any third-party advisors or any third-party advisor’s clients.
These materials and the PGIM Investments model portfolios do not take into account the investment objectives or financial situation of any client or program participant, nor of any prospective client or prospective program participant. These materials and the PGIM Investments model portfolios do not constitute investment advice. Individuals seeking investment advice should contact their financial professional.
Notwithstanding the fact that there may be a similar unaffiliated fund with lower costs or better performance, PGIM Investments will primarily use PGIM Investments managed mutual funds/ETFs in the PGIM Investments model portfolios unless there is no affiliated fund consistent with the desired asset allocation or if in SIRG’s discretion a different unaffiliated fund is preferred. Additionally, PGIM Investments and its affiliates will benefit from investments in the PGIM affiliated funds that are included in the PGIM Investments model portfolios through fees paid by such affiliated funds to PGIM Investments and its affiliates for advisory, administrative, and other services as described in the fund’s prospectus and SAI.
Past performance is not an indication of future returns, which will vary. Allocations are subject to change.
Risk Information
Investing involves risk. Some investments are riskier than others. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. Actively managed portfolios may carry additional risks, such as that analyses performed cannot always predict outcomes, that the investment techniques applied do not have the expected results, and that external factors can change the course of investment performance. The fees associated with active management may be higher than those associated with passive strategies. Asset allocation and diversification do not assure a profit or protect against loss in declining markets.
There is no assurance that positive investment results will be achieved by use of a PGIM Model Portfolio. Past performance of the PGIM Model Portfolios and any of the mutual funds and ETFs in the PGIM Model Portfolios is no guarantee of future results.
The model portfolios are subject to the investment performance (positive or negative), risks, and expenses of underlying funds in which they invest. There are risks associated with fixed income investments, including credit risk, interest rate risk, and prepayment and extension risk. In general, bond prices rise when interest rates fall and vice versa. This effect is usually more pronounced for longer-term securities. International investing involves certain risks and volatility due to potential political, economic, or currency instabilities and different financial and accounting standards. Risks are enhanced for emerging market issuers. Non-investment grade securities have greater credit risk and volatility. ETFs trade like stocks, are subject to investment risk, and will fluctuate in market value. For additional information regarding the risks and expenses associated with each of the underlying funds included in the model portfolios, please refer to each fund’s Prospectus and Statement of Additional Information.
PGIM Investments, LLC (“PGIM Investments”), PGIM Fixed Income (as a business unit of PGIM Inc.), and PGIM Quantitative Solutions LLC (“PGIM Quantitative Solutions”) are investment advisers registered with the Securities and Exchange Commission. Registration as an investment adviser does not imply a certain skill or training. This material is produced by the Strategic Investment Research Group (SIRG), a unit of PGIM Investments and a research unit of Prudential Financial, Inc. (PFI). SIRG provides research, analysis, and due diligence on investment management firms and the vehicles and strategies they offer.
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.
