PGIM Launches 3 Retirement Spending Funds

PGIM, the global investment management business of Prudential Financial, has launched three retirement-focused investment funds that aim to strike a balance between growth and conservation of capital with added consideration of the specific risks faced by retirees

The three new funds are: the PGIM Conservative Retirement Spending Fund (ticker PGFCX), PGIM Moderate Retirement Spending Fund (PGFMX) and PGIM Enhanced Retirement Spending Fund (PGFEX). All three options come with total annual fund operating expenses of 0.35%, after fee waivers or expense reimbursements.

As noted in the firm’s announcement, these funds are designed for investors near or in retirement and aim to help U.S. workers better manage their long-term investments.

The different risk levels associated with the funds allow investors to select the option that best fits their preferences and spending goals — taking both essential and flexible spending into account.