PGIM launches three Retirement Spending Funds for personalized spending goals

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.