PGIM 60/40 Allocation Fund-Class R6
PALDX
NASDAQ
Rating
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Risk
Fund Information
Fund Type
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Open/Closed to New Investors
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Cash
Stock
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Non U.S. Stock
Bond
U.S. Bond
Non-U.S. Bond
Preferred
Convertible
Other
Services Offered
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Company Information
Provider
PGIM Investments
Manager/Tenure
(Years)
(Years)
Joel M. Kallman (7), Jeremy Stempien (7)
Website
Address
Prudential Investments
New York NY - 10292
New York NY - 10292
Country
United States
Phone Number
800-225-1852
Investment Strategy
The investment seeks a balance between growth and conservation of capital. The fund pursues its objective by primarily investing in a portfolio of other mutual funds within the PGIM fund family (collectively, the "underlying funds") that provide exposure to equity and fixed income. The investments held by underlying funds that provide exposure to equities will include equity and equity-related securities of large capitalization U.S. companies. underlying funds that provide exposure to fixed income will invest primarily in bonds. Such fixed-income securities may include below investment grade bonds, commonly known as "junk bonds."