PDAHX

About PDAHX

PGIM Target Date Income Fund R5 is a multi-asset mutual fund specifically designed for investors approaching or in retirement. Its main objective is to achieve a balance between capital preservation and income generation, allocating assets across a diversified mix that typically includes roughly 65% in fixed income and other conservative investments, with the remaining portion in equities and alternative assets. This strategic allocation aims to reduce portfolio risk while maintaining some growth potential to support withdrawals throughout retirement. The fund is part of PGIM's suite of target date products, utilizing a portfolio structure that stabilizes its asset mix once the target date is reached, rather than continuing to reduce equity exposure indefinitely. The R5 share class is generally available to certain retirement plans and institutional investors. Notably, the portfolio demonstrates a low asset-weighted carbon risk score, signaling minimal exposure to companies with high carbon-related risks. PGIM Target Date Income Fund R5 plays a vital role for retirement-focused investors seeking long-term income stability, risk management, and broad diversification within a professionally managed vehicle.