Retirement Spending Funds

One of the greatest financial challenges facing American workers today is transforming their savings into an adequate income stream that will last throughout their retirement.  The PGIM Retirement Spending Funds can help.

The Potential Benefits of Retirement Spending Funds

The spending needs of retirees are unique and dynamic in nature, which may require a more holistic and sophisticated asset/liability approach to managing retiree assets. PGIM’s Retirement Spending Funds are designed to fund various types of individual retirement spending goals according to different risk profiles.

PGIM Retirement Spending Funds Overview :

  • Disciplined framework - Incorporates our retirement income asset/liability framework that considers essential vs. flexible spending in retirement.
  • Diversification - Includes real assets and non-traditional asset classes to help better manage retiree risks.
  • Seeks to improve retirement outcomes - Focusing on the key risks faced by retirees, including balancing growth with the conservation of capital.

PGIM RETIREMENT SPENDING FUNDS

PGIM CONSERVATIVE RETIREMENT SPENDING FUND

PGFCX

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PGIM MODERATE RETIREMENT SPENDING FUND

PGFMX

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PGIM ENHANCED RETIREMENT SPENDING FUND

PGFEX

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PGIM DC SOLUTIONS

About the Subadvisor:

PGIM DC Solutions is the subadvisor to the Retirement Spending Funds. PGIM DC Solutions aims to help participants achieve their retirement goals through their suite of PGIM RetireWellTM solutions. Our highly-experienced team partners with clients on customized solutions that seek to solve for current challenges facing DC participants. The team's experience spans across plan design and participant engagement, investment best practices, portfolio construction, retirement income, and the regulatory and legislative environment.

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For additional information, please call 1-877-275-9786

Risks—Risks of investing in the funds include but are not limited to the following: Equity and equity-related securities may be subject to changes in value, and their values may be more volatile than those of other asset classes. Fixed Income investments are subject to credit, market, prepayment and interest rate risks, and their value will decline as interest rates rise. As a “fund of funds”, the funds are subject to the performance and risks of the underlying funds and their investments. Small- and mid-cap investments may be subject to more erratic market movements than large-cap stocks. Mortgage-backed and asset-backed securities tend to increase in value less than other debt securities when interest rates decline, but are subject to a similar risk of decline in market value during periods of rising interest rates. Investing in real estate poses certain risks related to overall and specific economic conditions as well as risks related to individual property, credit and interest rate fluctuations. Asset allocations to underperforming or volatile asset classes or other changes in asset allocations could lead to increased volatility in the Fund’s portfolio.  The Funds’ manager serves as the manager of the underlying affiliated funds, and a conflict of interest could affect how the manager and subadvisors fulfill their fiduciary duties to the Fund and the underlying funds. There is no guarantee the Fund's objective will be achieved. Risks are more fully explained in the fund's prospectus.

 

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 for a prospectus and the summary prospectus. Read them carefully before investing.

 

PGIM DC Solutions aims to help participants achieve their retirement goals through their suite of “PGIM RetireWellTM” solutions. These solutions may include a range of investment options including target date portfolios, retirement income strategies, and managed accounts that can be coupled with our proprietary advice engine. There is no guarantee that investment or retirement goals will be achieved. Use of the term “RetireWell” and any related phrase is not intended to indicate that such goals will be achieved.

 

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.

 

Investment products are distributed by Prudential Investment Management Services LLC, member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. PGIM DC Solutions is a registered investment advisor. All are Prudential Financial affiliates. Registration with the SEC does not imply a certain level of skill or training.

© 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, PGIM DC Solutions, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

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