PGIM announces enhancements to target date funds - Seite 2

The enhancements to the target date funds come on the heels of a new initiative from PGIM DC Solutions — PGIM RetireWell Solutions, which is focused on helping DC plan participants achieve better retirement outcomes through holistic advice and guidance. In addition to the firm’s target date funds and financial wellness offerings, PGIM RetireWell Solutions will also include retirement income strategies and managed accounts powered by PGIM’s proprietary advice engine.

“The goal of PGIM RetireWell Solutions is ultimately to help American workers achieve their saving and spending goals both before and into retirement. By reducing fund expenses and integrating financial wellness into the conversation, we believe our platform can help deliver the retirement income investors need to last over the course of their lifetime,” said Michael Miller, head of PGIM DC Solutions.

Learn more about the PGIM Target Date Funds.

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 is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with more than $1.27 trillion in assets under management as of June 30, 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. 2 Net expense ratio for the class R6 shares of the funds. Net expense ratio for all share classes of the mutual funds will be reduced by 15 basis points. Gross expenses for the R6 shares of the funds per the most recent prospectus are as follows: 2065 Fund: 26.13%; 2060 Fund: 2.27%; 2055 Fund: 2.05%; 2050 Fund: 1.05%; 2045 Fund: 0.89%; 2040 Fund: 0.72%; 2035 Fund: 1.24%; 2030 Fund: 0.70%; 2025 Fund: 0.60%; 2020 Fund: 0.58%; 2015 Fund: 1.41%; Income Fund: 0.91%.