PDLJX

About PDLJX

PGIM Target Date 2060 Fund R6 is a mutual fund designed to serve as a comprehensive retirement investment solution for individuals planning to retire around the year 2060. This fund operates by adopting a "glide path" strategy, gradually shifting its asset allocation from higher-risk growth-oriented investments like equities early on, to more conservative holdings such as fixed income as the target retirement date approaches. Its diversified portfolio spans various asset classes, aiming for long-term capital appreciation in the earlier years and increased capital preservation over time. The fund is structured to simplify retirement planning by automatically rebalancing its investments to match the evolving risk tolerance of investors as they age. The R6 share class is tailored specifically for institutional platforms and retirement plans, typically offering lower expense ratios relative to other share classes. With features like regular dividend distributions and a focus on broad market exposure, the PGIM Target Date 2060 Fund R6 plays a pivotal role in helping investors pursue their retirement objectives through a single, professionally managed vehicle.