The PGIM 60/40 Allocation Fund Class R6 (PALDX) is a mutual fund that aims to provide a balanced investment approach by allocating 60% of its assets to stocks and 40% to bonds. This fund is managed by PGIM Investments and is designed for investors seeking a moderate level of risk and potential for long-term growth. With a focus on diversification and a mix of both equity and fixed income securities, the PALDX fund offers a well-rounded investment option for those looking to achieve a balanced portfolio.