PDAEX

About PDAEX

PGIM Target Date Income Fund R2 is a mutual fund designed to provide a balance between income generation and the preservation of capital, tailored primarily for individuals who are at or nearing retirement. The fund operates as a multi-asset class portfolio, typically maintaining a steady mix with a significant allocation to fixed income securities—approximately 65%—and a smaller portion to equities, with the goal of offering both income and some potential for capital appreciation. By investing in a diversified selection of underlying funds, PGIM Target Date Income Fund R2 seeks to reduce volatility while still pursuing moderate growth through equity exposure. This approach aims to address the needs of retirees who require regular income from their investments while minimizing the risks associated with large equity fluctuations, making it suitable as a foundational investment for post-retirement portfolios. Its structure and objectives reflect its role as a target-date fund, adjusting its asset allocation to emphasize capital preservation and consistent income as investors reach and move through retirement.