PGFMX

About PGFMX

PGIM Moderate Retirement Spending Fund Class R6 is a mutual fund designed to offer a balanced approach between capital growth and preservation, with an eye toward supporting retirement spending needs. As a fund-of-funds, it allocates approximately 60% of its assets to underlying funds focused on both equity and fixed income securities, as well as certain non-traditional asset classes, providing broad diversification across the capital markets. Its moderate allocation aims to capture growth potential while managing downside risks, making it particularly suitable for retirees or investors in the decumulation phase seeking a steady distribution profile. The fund leverages the asset allocation expertise of PGIM Investments and maintains a competitive net expense ratio of 0.35%. Notable features include a low turnover ratio of around 14% and a dividend yield near 3.8%, supporting regular distributions as part of its retirement-oriented strategy. Launched in April 2024, this fund plays a specialized role in the market by targeting investors who require a moderate and sustainable drawdown strategy throughout retirement.