PDDEX

About PDDEX

PGIM Target Date 2020 Fund Class R2 is a mutual fund designed to support investors approaching or in retirement by aiming for both growth and capital preservation. The fund primarily pursues a blend of income generation and moderate asset appreciation through a diversified portfolio comprising other mutual funds managed within the PGIM family. Its asset allocation increasingly shifts toward fixed income and conservative holdings, reflecting the needs of retirees seeking reduced risk and greater income stability. The fund’s holdings span a variety of asset classes, including large-cap and mid-cap equities, core and conservative bonds, TIPS (Treasury Inflation-Protected Securities), commodities, and global real estate, offering exposure to different sectors and regions. With annual payouts, a focus on diversification, and an inception date in December 2016, PGIM Target Date 2020 Fund Class R2 plays a vital role in long-term retirement planning by providing a gradual glide path from growth-oriented to income-focused investments as its target year approaches and passes.