PDDGX

About PDDGX

PGIM Target Date 2020 Fund Class R4 is a mutual fund designed to serve investors who are approaching or have recently entered retirement. Its primary objective is to provide both growth and capital preservation by investing in a diversified portfolio that includes fixed income securities and equities. The fund employs an asset allocation strategy that gradually shifts from growth-oriented investments to more conservative holdings as the target date, in this case 2020, approaches and passes. This approach is intended to manage risk and support income needs during retirement years. The fund typically invests in a selection of other mutual funds within the PGIM family, thereby gaining exposure to a wide range of asset classes and sectors. Notable features of the fund include its focus on generating income—highlighted by its annual dividend distribution cycle and a notable recent dividend yield—and its emphasis on minimizing portfolio volatility for retirees. With an inception date of December 2016, PGIM Target Date 2020 Fund Class R4 plays a significant role for individuals seeking a managed glide path for their retirement savings, adapting its mix of equities and bonds based on the evolving risk profile of investors as they transition from accumulation to income-focused financial goals.