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 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 1/3/2022.

Domestic Equity

55.65%

  • Broad Market
    16.50%
  • Large Cap
    25.00%
  • Mid Cap
    9.15%
  • Small Cap
    5.00%

International Equity

33.95%

  • Developed Markets
    24.95%
  • Emerging Markets
    9.00%

Fixed Income

3.40%

  • Total Return Bond
    3.40%

Non-Traditional

7.00%

  • Commodity
    3.00%
  • Real Estate
    4.00%

Domestic Equity

55.65%

  • Broad Market
    16.50%
  • Large Cap
    25.00%
  • Mid Cap
    9.15%
  • Small Cap
    5.00%

International Equity

32.55%

  • Developed Markets
    23.95%
  • Emerging Markets
    8.60%

Fixed Income

4.80%

  • Total Return Bond
    4.80%

Non-Traditional

7.00%

  • Commodity
    3.00%
  • Real Estate
    4.00%

Domestic Equity

55.79%

  • Broad Market
    16.50%
  • Large Cap
    25.50%
  • Mid Cap
    8.79%
  • Small Cap
    5.00%

International Equity

30.41%

  • Developed Markets
    22.81%
  • Emerging Markets
    7.60%

Fixed Income

6.80%

  • Total Return Bond
    6.80%

Non-Traditional

7.00%

  • Commodity
    3.00%
  • Real Estate
    4.00%

Domestic Equity

55.40%

  • Broad Market
    16.50%
  • Large Cap
    25.67%
  • Mid Cap
    8.23%
  • Small Cap
    5.00%

International Equity

28.00%

  • Developed Markets
    21.40%
  • Emerging Markets
    6.60%

Fixed Income

9.60%

  • Core Bond
    1.40%
  • TIPS
    1.40%
  • Total Return Bond
    6.80%

Non-Traditional

7.00%

  • Commodity
    3.00%
  • Real Estate
    4.00%

Domestic Equity

53.16%

  • Broad Market
    16.10%
  • Large Cap
    24.34%
  • Mid Cap
    7.80%
  • Small Cap
    4.92%

International Equity

24.64%

  • Developed Markets
    19.04%
  • Emerging Markets
    5.60%

Fixed Income

14.80%

  • Core Bond
    3.20%
  • TIPS
    3.60%
  • Total Return Bond
    8.00%

Non-Traditional

7.40%

  • Commodity
    3.40%
  • Real Estate
    4.00%

Domestic Equity

50.13%

  • Broad Market
    15.54%
  • Large Cap
    24.11%
  • Mid Cap
    5.98%
  • Small Cap
    4.50%

International Equity

20.07%

  • Developed Markets
    15.87%
  • Emerging Markets
    4.20%

Fixed Income

21.80%

  • Core Bond
    4.40%
  • TIPS
    7.20%
  • Total Return Bond
    8.80%
  • Money Market
    1.40%

Non-Traditional

8.00%

  • Commodity
    4.00%
  • Real Estate
    4.00%

Domestic Equity

45.30%

  • Broad Market
    14.56%
  • Large Cap
    23.14%
  • Mid Cap
    3.83%
  • Small Cap
    3.77%

International Equity

15.90%

  • Developed Markets
    13.30%
  • Emerging Markets
    2.60%

Fixed Income

30.40%

  • Core Bond
    5.40%
  • TIPS
    10.60%
  • Total Return Bond
    11.20%
  • Money Market
    3.20%

Non-Traditional

8.40%

  • Commodity
    4.00%
  • Real Estate
    4.40%

Domestic Equity

37.01%

  • Broad Market
    11.64%
  • Large Cap
    19.71%
  • Mid Cap
    2.83%
  • Small Cap
    2.83%

International Equity

11.79%

  • Developed Markets
    10.59%
  • Emerging Markets
    1.20%

Fixed Income

41.80%

  • Core Bond
    6.80%
  • TIPS
    15.40%
  • Total Return Bond
    13.80%
  • Money Market
    5.80%

Non-Traditional

9.40%

  • Commodity
    4.40%
  • Real Estate
    5.00%

Domestic Equity

30.40%

  • Broad Market
    8.96%
  • Large Cap
    17.46%
  • Mid Cap
    1.99%
  • Small Cap
    1.99%

International Equity

8.20%

  • Developed Markets
    8.20%

Fixed Income

51.40%

  • Core Bond
    9.60%
  • TIPS
    19.40%
  • Total Return Bond
    15.00%
  • Money Market
    7.40%

Non-Traditional

10.00%

  • Commodity
    5.00%
  • Real Estate
    5.00%

Domestic Equity

26.40%

  • Broad Market
    7.80%
  • Large Cap
    15.12%
  • Mid Cap
    1.74%
  • Small Cap
    1.74%

International Equity

6.60%

  • Developed Markets
    6.60%

Fixed Income

57.00%

  • Core Bond
    12.40%
  • TIPS
    20.80%
  • Total Return Bond
    15.40%
  • Money Market
    8.40%

Non-Traditional

10.00%

  • Commodity
    5.00%
  • Real Estate
    5.00%

Domestic Equity

22.40%

  • Broad Market
    7.02%
  • Large Cap
    12.78%
  • Mid Cap
    1.30%
  • Small Cap
    1.30%

International Equity

5.60%

  • Developed Markets
    5.60%

Fixed Income

62.00%

  • Core Bond
    14.20%
  • TIPS
    22.40%
  • Total Return Bond
    16.00%
  • Money Market
    9.40%

Non-Traditional

10.00%

  • Commodity
    5.00%
  • Real Estate
    5.00%

Domestic Equity

20.00%

  • Broad Market
    6.30%
  • Large Cap
    11.70%
  • Mid Cap
    1.00%
  • Small Cap
    1.00%

International Equity

5.00%

  • Developed Markets
    5.00%
  • Emerging Markets
    0.00%

Fixed Income

65.00%

  • Core Bond
    16.00%
  • TIPS
    23.00%
  • Total Return Bond
    16.00%
  • Money Market
    10.00%

Non-Traditional

10.00%

  • Commodity
    5.00%
  • Real Estate
    5.00%

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. Clients seeking information regarding their particular investment needs should contact a financial professional.

The target date is the approximate year in which investors plan to retire. The funds are designed for investors who plan to gradually withdraw assets from the fund over a moderate time period following retirement. Each fund invests in underlying funds that provide exposure to fixed income, equity, and non-traditional asset classes. The asset allocation of the target-date funds will become more conservative as the target date approaches and for ten 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 income through retirement.

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. These risks may be increased to the extent investors begin to make withdrawals from the fund significantly before the target date. Investments in the funds are not deposits or obligations of any bank and are not insured or guaranteed by any governmental agency or instrumentality. For investors close to or in retirement, the fund’s equity exposure may result in investment volatility that could reduce an investor’s available retirement assets when they are needed. For investors farther from retirement, there is a risk that a fund may invest too much in investments designed to ensure capital conservation and/or current income, which may prevent the investor from meeting his/her retirement goals.

Mutual funds are distributed by Prudential Investment Management Services LLC, a Prudential Financial company and SIPC member. PGIM Quantitative Solutions , Jennison Associates and PGIM are registered investment advisers and Prudential Financial companies. PGIM Quantitative Solutions is the primary business name of PGIM Quantitative Solutions LLC, a wholly owned subsidiary of PGIM. PGIM Fixed Income and PGIM Real Estate are units of PGIM.

© 2022 Prudential Financial, Inc. and its related entities. Jennison Associates, Jennison, PGIM Real Estate, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

Consider a fund’s investment objectives, risks, charges and expenses carefully before investing. The prospectus and the summary prospectus contain this and other information about the fund. Contact your financial professional or call 877-275-9786 for a prospectus and the summary prospectus. Read them carefully before investing.

1018384-00006-00
03/2022
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