PALDX

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."