PDDDX

About PDDDX

PGIM Target Date 2020 Fund Class R1 is a mutual fund structured to support investors planning to retire around the year 2020. This fund employs a multi-asset class strategy, blending investments across equities, fixed income, and other asset types to balance growth potential with capital preservation. Over time, its allocation strategy has gradually shifted to become more conservative, aiming to reduce risk as the target retirement year passed, aligning with the needs of investors entering or nearing retirement. The fund utilizes a dynamic glide path, which systematically reduces exposure to equities and increases allocations to fixed income and cash equivalents, reflecting a focus on stable income and capital conservation during and after the transition into retirement. PGIM, the asset manager, integrates both active and passive investment techniques to achieve diversified exposure within the fund. This approach makes the PGIM Target Date 2020 Fund Class R1 particularly significant in defined contribution retirement plans, offering a streamlined solution for investors seeking comprehensive portfolio management through the retirement lifecycle.