Suite of three Funds seeks to help U.S. workers manage their
long-term investments with spending flexibility in mind
PGIM,1 the $1.3 trillion global investment management business
of Prudential Financial, Inc. (NYSE: PRU), has launched three
retirement spending funds: the PGIM Conservative Retirement
Spending Fund, PGIM Moderate Retirement Spending Fund
and the PGIM Enhanced Retirement Spending Fund. The Funds
are designed for investors near or in retirement and aim to help
U.S. workers better manage their long-term investments based on
their personal spending goals, taking essential and flexible
spending into account.
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Jeremy Stempien, Portfolio Manager and
Strategist, PGIM DC Solutions (Photo: Business Wire)
The suite of Funds seeks to strike a unique balance between
growth and conservation of capital with consideration for the
specific risks faced by retirees. The Funds, subadvised by PGIM DC
Solutions, are each “fund of funds” investing primarily in a range
of fixed income, equity, real asset and alternative mutual funds
and ETFs.
“An individual’s investment needs and spending goals at or near
retirement are entirely unique to their circumstances. The PGIM
Retirement Spending Funds offer three distinct portfolios to
address these differences, providing a more personalized approach
and thoughtful asset allocation mix to help meet varying income
needs,” said Jeremy Stempien, co-portfolio manager of the PGIM
Retirement Spending Funds and the PGIM Target Date Funds.
For more information on the Funds, visit the fund detail pages:
PGIM Conservative Retirement Spending Fund PGIM Moderate Retirement
Spending Fund PGIM Enhanced Retirement Spending Fund
ABOUT PGIM DC SOLUTIONS As the retirement solutions
provider of PGIM, PGIM DC Solutions LLC seeks to deliver innovative
defined contribution solutions founded on market leading research
and capabilities. Our highly experienced team partners with clients
on customized solutions to solve for retirement income. PGIM DC
Solutions aims to help investors achieve their retirement goals
through their suite of PGIM RetireWell™ Solutions, which includes
target date portfolios, retirement income strategies and financial
wellness resources.
ABOUT PGIM INVESTMENTS PGIM Investments LLC and its
affiliates offer more than 100 funds globally across a broad
spectrum of asset classes and investment styles. All products draw
on PGIM’s globally diversified investment platform that encompasses
the expertise of managers across fixed income, equities,
alternatives, and real estate.
ABOUT PGIM PGIM, the global asset management
business of Prudential Financial, Inc. (NYSE: PRU), is a global
investment manager with $1.3 trillion in assets under management as
of Dec. 31, 2023. With offices in 18 countries, PGIM’s businesses
offer a range of investment solutions for retail and institutional
investors around the world across a broad range of asset classes,
including public fixed income, private fixed income, fundamental
equity, quantitative equity, real estate and alternatives. For more
information about PGIM, visit pgim.com.
Prudential Financial, Inc. (PFI) of the United States is not
affiliated in any manner with Prudential plc, incorporated in the
United Kingdom, or with Prudential Assurance Company, a subsidiary
of M&G plc, incorporated in the United Kingdom. For more
information, please visit news.prudential.com.
1 The term PGIM as used in this announcement includes PGIM
Investments LLC and PGIM DC Solutions LLC, both of which are
affiliates of PGIM, Inc., an indirect, wholly owned subsidiary of
Prudential Financial, Inc.
PGIM DC Solutions aims to help participants achieve their
retirement goals through their suite of “PGIM RetireWell™”
solutions. These solutions may include a range of investment
options including target date portfolios, retirement income
strategies, and managed accounts that can be coupled with our
proprietary advice engine. There is no guarantee that investment or
retirement goals will be achieved. Use of the term “RetireWell” and
any related phrase is not intended to indicate that such goals will
be achieved.
Risks—Risks of investing in the funds include but are not
limited to the following: Equity and equity-related securities may
be subject to changes in value, and their values may be more
volatile than those of other asset classes. Fixed Income
investments are subject to credit, market, prepayment and interest
rate risks, and their value will decline as interest rates rise. As
a “fund of funds”, the funds are subject to the performance and
risks of the underlying funds and their investments. Small- and
mid-cap investments may be subject to more erratic market movements
than large-cap stocks. Mortgage-backed and asset-backed securities
tend to increase in value less than other debt securities when
interest rates decline but are subject to a similar risk of decline
in market value during periods of rising interest rates. Investing
in real estate poses certain risks related to overall and specific
economic conditions as well as risks related to individual
property, credit and interest rate fluctuations. Asset allocations
to underperforming or volatile asset classes or other changes in
asset allocations could lead to increased volatility in the Fund’s
portfolio. The Funds’ manager serves as the manager of the
underlying affiliated funds, and a conflict of interest could
affect how the manager and subadvisors fulfill their fiduciary
duties to the Fund and the underlying funds. There is no guarantee
the Fund's objective will be achieved. Risks are more fully
explained in the fund's prospectus.
Consider a fund’s investment objectives, risks, charges, and
expenses carefully before investing. The prospectus and summary
prospectus contain this and other information about each fund.
Contact your financial professional for a prospectus and summary
prospectus. Read them carefully before investing.
Investment products are distributed by Prudential Investment
Management Services LLC, member FINRA and SIPC. PGIM Investments is
a registered investment advisor and investment manager to all PGIM
U.S. open-end investment companies. PGIM DC Solutions is a
registered investment advisor. Registration with the SEC does not
imply a certain level of skill or training. All are Prudential
Financial affiliates.© 2024 Prudential Financial, Inc. and its
related entities. PGIM, PGIM Investments, PGIM DC Solutions, and
the PGIM logo are service marks of Prudential Financial, Inc. and
its related entities, registered in many jurisdictions
worldwide.
Investment Products: Are not insured by the FDIC or any federal
government agency | May lose value | Are not a deposit of or
guaranteed by any bank or any bank affiliate.
This material is being provided for informational or educational
purposes only and does not take into account the investment
objectives or financial situation of any client or prospective
clients. The information is not intended as investment advice and
is not a recommendation. Clients seeking information regarding
their particular investment needs should contact a financial
professional.
1078753-00001-00
CONNECT WITH US: Visit pgim.com Join the conversation
@PGIM
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MEDIA Kylie Scott +1 973 902 2503
kylie.scott@pgim.com
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