PDDJX

About PDDJX

PGIM Target Date 2020 Fund Class R6 is a target-date mutual fund designed primarily for investors who anticipate retiring around the year 2020. Its main objective is to offer a strategic balance between growth and capital preservation by allocating assets across multiple underlying PGIM mutual funds spanning a variety of asset classes and sectors, including equities, fixed income, and non-traditional investments. The fund automatically shifts its asset allocation towards more conservative investments as the target date approaches and passes, aiming to protect retirement savings while still seeking some growth potential. By investing in a diversified portfolio, it serves individuals and retirement plans seeking a simplified, professionally managed investment solution that adapts to the changing needs of investors as they near and transition through retirement. The Class R6 shares cater particularly to institutional retirement plans, offering competitive expense ratios and no required minimum investment. As part of the broader PGIM suite, this fund plays a key role in facilitating long-term retirement planning and income strategies for its participants.