PGIM 60/40 Allocation Fund-Class R6 (PALDX)
| Fund Assets | 130.69M |
| Expense Ratio | 0.40% |
| Min. Investment | $0.00 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.76 |
| Dividend Yield | 5.13% |
| Dividend Growth | -28.29% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 19, 2025 |
| Previous Close | 14.86 |
| YTD Return | 5.54% |
| 1-Year Return | 18.70% |
| 5-Year Return | 53.90% |
| 52-Week Low | 12.97 |
| 52-Week High | 15.02 |
| Beta (5Y) | 0.74 |
| Holdings | 4 |
| Inception Date | Sep 13, 2017 |
About PALDX
PGIM 60/40 Allocation Fund Class R6 is a moderate allocation mutual fund designed to provide balanced exposure to both equities and fixed income assets. Its primary function is to offer investors a diversified portfolio with approximately 60% invested in large-cap equity securities and 40% allocated to total return bond holdings, aiming to blend growth potential with income generation. This mix seeks to mitigate risk while delivering returns across various market cycles, making the fund suitable for retirement-focused accounts and investors seeking steadier performance over time. The fund is distinguished by its low expense ratio and turnover, enhancing its appeal for cost-conscious participants and long-term strategies. PGIM 60/40 Allocation Fund Class R6 plays a significant role in the financial market by serving as a core holding for moderate risk investors and institutions that prioritize disciplined asset allocation and robust risk management practices. Its diversified approach and sector-agnostic investments make it a key vehicle for pursuing consistent income and capital appreciation in both rising and volatile market environments.
Performance
PALDX had a total return of 18.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.89%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FIQWX | Fidelity | Fidelity Advisor Strategic Dividend & Income Fund - Class Z | 0.55% |
| FBKFX | Fidelity | Fidelity Balanced K6 Fund | 0.32% |
| FASDX | Fidelity | Fidelity Advisor Strategic Dividend & Income Fund - Class A | 0.92% |
| FTSDX | Fidelity | Fidelity Advisor Strategic Dividend & Income Fund - Class M | 1.17% |
| FASGX | Fidelity | Fidelity Asset Manager 70% | 0.64% |
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| PGIM Quant Solutions Large-Cap Core Equity Fund - Class R6 | PTMQX | 59.28% |
| PGIM Total Return Bond ETF | PTRB | 40.61% |
| Prudential Invt Portfolios 2 | n/a | 0.11% |
| Us Dollar | n/a | -0.00% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 19, 2025 | $0.76267 | Dec 19, 2025 |
| Dec 20, 2024 | $1.06351 | Dec 20, 2024 |
| Dec 26, 2023 | $0.02973 | Dec 26, 2023 |
| Dec 20, 2023 | $0.32775 | Dec 20, 2023 |
| Dec 20, 2022 | $0.65136 | Dec 20, 2022 |
| Dec 20, 2021 | $0.91023 | Dec 20, 2021 |