Prudential Day One® Target Date Funds

Helping you plan and save for a more secure retirement.

Which Prudential Day One Fund may be right for you?

Helping you achieve your retirement goals

When contributing to your retirement savings, you want to grow your savings for the long term. But unless you’re an investment expert, it can be hard to do it on your own.

The Prudential Day One Target Date Funds can help.

The Day One Funds are professionally managed target date funds that can help you get—and stay—on the path to a more secure retirement. To help you achieve your retirement goals, the Day One Funds bring you the power of Prudential: its combined expertise of a top ten investment manager, defined benefit provider and retirement recordkeeper.1 We are trusted by some of the largest Fortune 100 companies to manage their pension benefits and we use that knowledge to manage the Day One Funds.

Saving for retirement is hard enough. The Prudential Day One Target Date Funds can help with how those retirement savings are invested to help them grow over time. The Day One Funds are a suite of 12 funds, each designed for participants planning to retire in or near the target year. The asset allocation strategy and Glidepath of each target date fund are intended to maximize the potential that one's account balance will provide a source of income in retirement.2

Prudential Day One Target Date Funds

The Day One Funds are specifically designed to help you solve for different risks that come with saving and growing your money for the long term—risks like not accumulating enough savings when you’re young, or not reducing exposure to volatility in the market as you approach retirement. Each Day One Fund includes an allocation to several underlying funds resulting in a diversified mix of investments, like stocks and bonds, that gradually adjust along a “glidepath” (the mechanism by which target-date funds gradually change their asset allocation over time) to help you solve for these risks as you get closer to, enter, and live in retirement.

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Prudential Day One IncomeFlex® Target® Funds

Distinct from the Day One Funds, the Prudential Day One IncomeFlex Target Funds are an additional suite of Prudential target-date funds that offer guaranteed lifetime income.

Prudential Day One IncomeFlex Target Funds are offered by Prudential Retirement Insurance and Annuity Company (PRIAC).

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Which Prudential 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.


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