0000067590-13-000184.txt : 20130328 0000067590-13-000184.hdr.sgml : 20130328 20130328152022 ACCESSION NUMBER: 0000067590-13-000184 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130328 DATE AS OF CHANGE: 20130328 EFFECTIVENESS DATE: 20130328 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: 13723605 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 S000004704 TARGET MODERATE ALLOCATION FUND

C000012798 Class X

C000012799 Class R SPMRX

C000012800 Class A PAMGX

C000012801 Class B DMGBX

C000012802 Class C PIMGX

C000012803 Class Z PDMZX

497 1 moderate_497.htm

TARGET ASSET ALLOCATION FUNDS

Target Moderate Allocation Fund

Supplement dated March 28, 2013 to the

Prospectus, Summary Prospectus and Statement of Additional Information,

each dated September 28, 2012, as Supplemented to Date

This supplement sets forth changes to the Prospectus, Summary Prospectus and Statement of Additional Information dated September 28, 2012 (the Prospectus), as supplemented to date, of the Target Moderate Allocation Fund, a series of Target Asset Allocation Funds (the Fund). The following should be read in conjunction with the Prospectus and should be retained for future reference. Defined terms used herein and not otherwise defined herein shall have the meanings given to them in the Prospectus.

At a special meeting of shareholders of the Fund held on March 25, 2013, the shareholders of the Fund approved appointment of Quantitative Management Associates LLC (“QMA”) as the Fund’s sole sub-adviser. The appointment is part of an overall re-positioning of the Target Moderate Allocation Fund, a multi-managed mutual fund currently sub-advised by multiple non-proprietary sub-advisors, as an equity fund to be renamed “Prudential Defensive Equity Fund” for which QMA will be the sole sub-adviser (the “Sub-Adviser”). The re-positioning includes investment policy changes, including a change in investment objective, which are changes in non-fundamental investment policies. Implementation of the changes is expected to occur on or about May 8, 2013.

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