PGIM Enhanced Retirement Spending Fund Class R6 is an actively managed mutual fund designed to help investors balance growth potential with the preservation of capital. Its primary function is to support retirement spending strategies by seeking a mix of growth and income through a globally diversified allocation approach. The fund invests predominantly in other mutual funds, which in turn allocate assets across equity securities and fixed income instruments, providing broad exposure to multiple asset classes and geographical regions. This approach aims to cater to individuals approaching or in retirement who are focused on sustainable withdrawal and risk management. The fund maintains a moderate-to-aggressive allocation profile, striving to achieve its objectives through careful selection of underlying asset classes and disciplined risk controls. Its characteristics include a competitive dividend yield, a relatively low turnover rate, and an expense ratio designed to maximize net returns for shareholders. PGIM Enhanced Retirement Spending Fund Class R6 plays a significant role in retirement-focused portfolios, serving those seeking a professionally managed, diversified solution tailored to enhance retirement income and maintain purchasing power over time.
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