-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, H02k7lGyUkYBXHhnn+vd6ZPKYugNEYnuPkrH0HUBfpCfbcruzMgfFNqEYzyq55fs ZYnettmzCr2ijYlPAHlj0Q== 0000067590-07-000056.txt : 20070223 0000067590-07-000056.hdr.sgml : 20070223 20070223163427 ACCESSION NUMBER: 0000067590-07-000056 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070223 DATE AS OF CHANGE: 20070223 EFFECTIVENESS DATE: 20070223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TARGET ASSET ALLOCATION FUNDS CENTRAL INDEX KEY: 0001067442 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-60561 FILM NUMBER: 07646155 BUSINESS ADDRESS: STREET 1: GATEWAY CENTER THREE, 4TH FLOOR STREET 2: 100 MULBERRY STREET CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 9738026469 MAIL ADDRESS: STREET 1: GATEWAY CENTER THREE, 4TH FLOOR STREET 2: 100 MULBERRY STREET CITY: NEWARK STATE: NJ ZIP: 07102 FORMER COMPANY: FORMER CONFORMED NAME: STRATEGIC PARTNERS ASSET ALLOCATION FUNDS DATE OF NAME CHANGE: 20010906 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL DIVERSIFIED FUNDS DATE OF NAME CHANGE: 19980930 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL DIVERSIFIED SERIES DATE OF NAME CHANGE: 19980803 0001067442 S000004703 TARGET CONSERVATIVE ALLOCATION FUND C000012790 Class M C000012791 Class X C000012792 Class R PCLRX C000012793 Class A PCGAX C000012794 Class B PBCFX C000012795 Class C PCCFX C000012796 Class Z PDCZX 0001067442 S000004704 TARGET MODERATE ALLOCATION FUND C000012797 Class M C000012798 Class X C000012799 Class R SPMRX C000012800 Class A PAMGX C000012801 Class B DMGBX C000012802 Class C PIMGX C000012803 Class Z PDMZX 0001067442 S000004705 TARGET GROWTH ALLOCATION FUND C000012804 Class M C000012805 Class X C000012806 Class R PGARX C000012807 Class A PHGAX C000012808 Class B PIHGX C000012809 Class C PHGCX C000012810 Class Z PDHZX 497 1 taapmchangelcv022307.htm 497

TARGET ASSET ALLOCATION FUNDS

 

Target Conservative Allocation Fund

Target Moderate Allocation Fund

Target Growth Allocation Fund

 

Supplement dated February 23, 2007

To Prospectuses and Statement of Additional Information dated October 2, 2006

________________________________________________

 

David Green has replaced Joseph Huber as a portfolio manager for the portion of the large capitalization value segment of each of Target Conservative Allocation Fund, Target Moderate Allocation Fund and Target Growth Allocation Fund (the Funds) subadvised by Hotchkis and Wiley. All references and information pertaining to Mr. Huber appearing in the Prospectus and Statement of Additional Information are hereby deleted.

 

To further reflect this change, information pertaining to Mr. Green is hereby added as noted below:

 

The section of the Prospectus entitled “How the Funds Are Managed – Subadvisers and Portfolio Managers” is amended by adding the following discussion pertaining to Mr. Green to the existing discussion pertaining to Hotchkis and Wiley Capital Management LLC:

 

Mr. Green participates in the investment decision process during the group meetings in which the team decides the stock/weight selection for the target portfolio. He is jointly responsible for the day-to-day management of each Fund’s cash flows, which includes directing the Funds’ purchases and sales to ensure that the Fund’s holdings remain reflective of the “target portfolio.” Mr. Green, currently Principal and Portfolio Manager of Hotchkis and Wiley, joined Hotchkis and Wiley in 1996 as Portfolio Manager and Analyst.

 

The section of Part I of the Statement of Additional Information entitled “Management & Advisory Arrangements – Additional Information About the Portfolio Managers – Other Accounts and Ownership of Fund Securities” is amended by adding to the tables for each of the Funds the following information pertaining to Mr. Green. Information pertaining to Mr. Green is furnished as of December 31, 2006:

 

 

Conservative Allocation Fund

 

 

Portfolio Managers

Registered Investment Companies

Other Pooled Investment Vehicles

Other Accounts

Ownership of Fund Securities

 

David Green

16 / $15,500 million;

1 / $2,600 million

8 / 1,000 million

164 / $19,000 million;

7 / $1,300 million

None

 

 

Moderate Allocation Fund

Portfolio Managers

Registered Investment Companies

Other Pooled Investment Vehicles

Other Accounts

Ownership of Fund Securities

David Green

16 / $15,500 million;

1 / $2,600 million

8 / 1,000 million

164 / $19,000 million;

7 / $1,300 million

None

 

 

Growth Allocation Fund

Portfolio Managers

Registered Investment Companies

Other Pooled Investment Vehicles

Other Accounts

Ownership of Fund Securities

David Green

16 / $15,500 million;

1 / $2,600 million

8 / 1,000 million

164 / $19,000 million;

7 / $1,300 million

None

 

 

LR00132

 

 

 

 

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