About the Prudential Day One® Target Date Funds

Solving for the right risks at the right time.

Designed with retirement outcomes in mind

At Prudential, we’re all about outcomes. Whether you’re young and just starting out, already in retirement, or somewhere in between, the Prudential Day One® Funds were created to help you retire with confidence. How do we accomplish this? Through an innovative three-stage glidepath, robust diversification, and funds built to help meet your changing needs.

The Prudential Day One Target Date Funds Provide

Three-stage glidepath

The Prudential Day One Funds follow a glidepath uniquely designed to address the risks that pose the greatest danger to your retirement at different points in your life. The Day One Funds have: higher equity exposure to help grow savings when you are early in your career, lower equity exposure as you get close to retirement to help preserve your savings from market losses when you can least afford them, and higher exposure to inflation-fighting asset classes to help protect you from the effects of inflation in retirement.

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Built-in diversification

The Prudential Day One Funds offer “do-it-for-me” diversification. What does that mean? Each Fund is its own investment portfolio, containing a mix of stocks, bonds and other investments appropriate for the target retirement date. That matters, because diversification is an important way to help you reach your savings goals while Focusing on risk.

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Alignment to your age

The Prudential Day One Funds’ glidepath was informed by insight into the investing behavior of more than 850,000 participants at every age and stage. To find the fund that may be right for you at your age and planned retirement date, try the Prudential Day One Funds tool.

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Prudential Day One Target Date Fund Portfolio Allocations

Portfolio allocations as of 1/2/2019.

Domestic Equity

58%

  • Broad Market
    16%
  • Large Cap
    28%
  • Mid Cap
    9%
  • Small Cap
    5%

International Equity

31%

  • Developed Markets
    23%
  • Emerging Markets
    8%

Fixed Income

3%

  • Total Return Bond
    3%

Non-Traditional

8%

  • Commodity
    3%
  • Real Estate
    5%

Domestic Equity

57%

  • Broad Market
    16%
  • Large Cap
    27%
  • Mid Cap
    9%
  • Small Cap
    5%

International Equity

29%

  • Developed Markets
    21%
  • Emerging Markets
    8%

Fixed Income

6%

  • Total Return Bond
    6%

Non-Traditional

8%

  • Commodity
    3%
  • Real Estate
    5%

Domestic Equity

57%

  • Broad Market
    17%
  • Large Cap
    28%
  • Mid Cap
    8%
  • Small Cap
    4%

International Equity

25%

  • Developed Markets
    19%
  • Emerging Markets
    6%

Fixed Income

10%

  • Core Bond
    2%
  • TIPS
    1%
  • Total Return Bond
    7%

Non-Traditional

8%

  • Commodity
    3%
  • Real Estate
    5%

Domestic Equity

56%

  • Broad Market
    17%
  • Large Cap
    29%
  • Mid Cap
    7%
  • Small Cap
    3%

International Equity

23%

  • Developed Markets
    18%
  • Emerging Markets
    5%

Fixed Income

13%

  • Core Bond
    3%
  • TIPS
    2%
  • Total Return Bond
    8%

Non-Traditional

8%

  • Commodity
    3%
  • Real Estate
    5%

Domestic Equity

54%

  • Broad Market
    16%
  • Large Cap
    29%
  • Mid Cap
    6%
  • Small Cap
    3%

International Equity

19%

  • Developed Markets
    15%
  • Emerging Markets
    4%

Fixed Income

18%

  • Core Bond
    4%
  • Short Term
    1%
  • TIP
    5%
  • Total Return Bond
    8%

Non-Traditional

9%

  • Commodity
    4%
  • Real Estate
    5%

Domestic Equity

51%

  • Broad Market
    16%
  • Large Cap
    29%
  • Mid Cap
    4%
  • Small Cap
    2%

International Equity

16%

  • Developed Markets
    13%
  • Emerging Markets
    3%

Fixed Income

24%

  • Core Bond
    5%
  • Short Term
    2%
  • TIPS
    8%
  • Total Return Bond
    9%

Non-Traditional

9%

  • Commodity
    4%
  • Real Estate
    5%

Domestic Equity

43%

  • Broad Market
    13%
  • Large Cap
    26%
  • Mid Cap
    3%
  • Small Cap
    1%

International Equity

12%

  • Developed Markets
    11%
  • Emerging Markets
    1%

Fixed Income

35%

  • Core Bond
    7%
  • Short Term
    5%
  • TIPS
    12%
  • Total Return Bond
    11%

Non-Traditional

10%

  • Commodity
    4%
  • Real Estate
    6%

Domestic Equity

31%

  • Broad Market
    9%
  • Large Cap
    19%
  • Mid Cap
    2%
  • Small Cap
    1%

International Equity

9%

  • Developed Markets
    9%

Fixed Income

49%

  • Core Bond
    9%
  • Short Term
    7%
  • TIPS
    20%
  • Total Return Bond
    13%

Non-Traditional

11%

  • Commodity
    5%
  • Real Estate
    6%

Domestic Equity

28%

  • Broad Market
    8%
  • Large Cap
    17%
  • Mid Cap
    2%
  • Small Cap
    1%

International Equity

7%

  • Developed Markets
    7%

Fixed Income

54%

  • Core Bond
    12%
  • Short Term
    8%
  • TIPS
    22%
  • Total Return Bond
    12%

Non-Traditional

11%

  • Commodity
    5%
  • Real Estate
    6%

Domestic Equity

23%

  • Broad Market
    7%
  • Large Cap
    13%
  • Mid Cap
    2%
  • Small Cap
    1%

International Equity

6%

  • Developed Markets
    6%

Fixed Income

60%

  • Core Bond
    13%
  • Short Term
    9%
  • TIPS
    24%
  • Total Return Bond
    14%

Non-Traditional

11%

  • Commodity
    5%
  • Real Estate
    6%

Domestic Equity

20%

  • Broad Market
    6%
  • Large Cap
    12%
  • Mid Cap
    1%
  • Small Cap
    1%

International Equity

5%

  • Developed Markets
    5%

Fixed Income

64%

  • Core Bond
    15%
  • Short Term
    9%
  • TIPS
    26%
  • Total Return Bond
    14%

Non-Traditional

11%

  • Commodity
    5%
  • Real Estate
    6%

Domestic Equity

19%

  • Broad Market
    6%
  • Large Cap
    11%
  • Mid Cap
    1%
  • Small Cap
    1%

International Equity

5%

  • Developed Markets
    5%

Fixed Income

65%

  • Core Bond
    14%
  • Short Term
    10%
  • TIPS
    26%
  • Total Return Bond
    15%

Non-Traditional

11%

  • Commodity
    5%
  • Real Estate
    6%

Which Day One Fund may be right for you?

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 about managing or investing your retirement savings. Clients seeking information regarding their particular investment needs should contact a financial professional.

The target date is the approximate date when investors plan to retire and may begin withdrawing their money. The asset allocation of the target-date funds will become more conservative as the target date approaches and for 10 years after the target date by lessening the equity exposure and increasing the exposure in fixed income investments. The principal value of an investment in a target-date fund is not guaranteed at any time, including the target date. There is no guarantee that the fund will provide adequate retirement income.

A target-date fund should not be selected solely based on age or retirement date. Before investing, participants should carefully consider the fund’s investment objectives, risks, charges, and expenses, as well as their age, anticipated retirement date, risk tolerance, other investments owned, and planned withdrawals.

The stated asset allocation may be subject to change. It is possible to lose money in a target-date fund, including losses near and following retirement. Investments in the Funds are not deposits or obligations of any bank and are not insured or guaranteed by any governmental agency or instrumentality.

The Prudential Day One® target-date funds may be offered as: (i) insurance company separate accounts available under group variable annuity contracts issued by Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, CT, a Prudential Financial company, and (ii) registered mutual funds offered through Prudential Investment Management Services LLC (PIMS), Newark, NJ, a Prudential Financial company. PRIAC is solely responsible for its own contractual obligations and financial condition.

The Prudential Day One® IncomeFlex Target® Funds were designed for use with Prudential IncomeFlex Target, an in-plan guaranteed retirement income product, and are available as insurance company separate accounts under group variable annuity contracts issued by Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, CT. PRIAC does not guarantee the investment performance or return on contributions to those separate accounts. PRIAC is solely responsible for its financial condition and contractual obligations. Availability and terms may vary by jurisdiction, subject to regulatory approvals. Guarantees are based on claims-paying ability of the insurance company and are subject to certain limitations, terms and conditions. Annuity contracts contain exclusions, limitations, reductions of benefits and terms for keeping them in force.

Contract form #GA-2020-TGWB4-0805.

For more information, participants should access the participant service center or call 1-877-778-2100 for a copy of the Prudential IncomeFlex Target® Important Considerations before investing. PRIAC is a Prudential Financial company.

Please note that the Prudential Day One® IncomeFlex Target® Date Funds follow a different glidepath than the Day One Funds.

The Day One Funds, as insurance company separate accounts, are investment vehicles available only to qualified retirement plans, such as 401(k) plans and government plans, and their participants. Unlike mutual funds, the Day One Funds, as insurance company separate accounts, are exempt from Securities and Exchange Commission registration under both the Securities Act of 1933 and the Investment Company Act of 1940, but are subject to oversight by insurance regulators. Therefore, investors are generally not entitled to the protections of the federal securities laws.

FOR MUTUAL FUNDS: CONSIDER A FUND’S INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES CAREFULLY BEFORE INVESTING. THE PROSPECTUS AND SUMMARY PROSPECTUS CONTAIN THIS AND OTHER INFORMATION ABOUT THE FUND. CONTACT YOUR FINANCIAL PROFESSIONAL OR CALL (877) 275-9786 FOR A PROSPECTUS AND SUMMARY PROSPECTUS. READ THEM CAREFULLY BEFORE INVESTING.

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03/2019
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