PDAJX

About PDAJX

PGIM Target Date Income Fund Class R6 is a mutual fund designed to provide investors with a balanced approach to income generation and capital preservation. Serving as a retirement income solution, the fund is structured as a multi-asset class portfolio, typically maintaining a steady allocation of approximately 65% in income-producing investments. Its strategy involves investing in a diversified selection of underlying PGIM mutual funds, thus offering exposure across equities, fixed income, and non-traditional asset classes. This core structure is intended to minimize risk while delivering consistent dividend distributions, exemplified by its dividend yield, which exceeds the category average. With a low expense ratio and a focus on capital conservation, the fund is generally suited for individuals who are retired or nearing retirement and require stable income with moderate growth. Through prudent diversification and professional oversight, the fund plays a vital role in the decumulation phase of retirement planning, ensuring that assets are managed with an emphasis on both safety and reliable cash flow.