PDAGX

About PDAGX

PGIM Target Date Income Fund is a mutual fund designed primarily for investors who are in or near retirement and seek a mix of income and capital preservation. The fund allocates its assets across a diversified portfolio of underlying mutual funds, balancing investments in both fixed income securities and equities. This structure aims to provide stable income, while maintaining some potential for capital appreciation to help sustain income needs throughout retirement. The fund typically prioritizes fixed income investments such as bonds for stability and regular payouts, supplemented by a modest allocation to equities to offset inflation and support growth. Its target-date approach signifies that the investment strategy is aligned for individuals who have reached their expected retirement date, resulting in a conservative asset allocation. PGIM Target Date Income Fund plays a vital role for retirees and conservative investors looking for a professionally managed, diversified solution that addresses the dual goals of income generation and risk moderation in the later stages of their financial planning lifecycle.