PGIM Target Date 2070 R3 (PDANX)
| Fund Assets | 67.02K |
| Expense Ratio | 0.60% |
| Min. Investment | $0.00 |
| Turnover | n/a |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 23, 2024 |
| Previous Close | 10.97 |
| YTD Return | 15.30% |
| 1-Year Return | n/a |
| 5-Year Return | n/a |
| 52-Week Low | 8.52 |
| 52-Week High | 11.08 |
| Beta (5Y) | n/a |
| Holdings | 9 |
| Inception Date | n/a |
About PDANX
The PGIM Target Date 2070 Fund Class R3 is a mutual fund designed to support long-term retirement planning by providing a diversified, multi-asset investment solution. Its primary function is to balance growth potential with capital preservation as investors approach their intended retirement year, in this case, 2070. The fund accomplishes this by allocating assets across a mix of underlying PGIM mutual funds covering a broad range of asset classes such as domestic and foreign equities, fixed income, and potentially non-traditional investments like commodities and real estate. A key characteristic of this target date fund is its "glidepath" strategy: early on, the portfolio emphasizes growth through higher equity exposure, which gradually shifts towards more conservative, income-oriented investments as the target date draws closer. This approach aims to address the evolving risks and income needs of participants throughout their retirement planning journey. PGIM Target Date 2070 Fund Class R3 serves individuals seeking a professionally managed, all-in-one investment option tailored to a specific retirement timeline. Its role in the market is to simplify retirement investing by dynamically adjusting risk exposure to align with investors' changing time horizons and financial objectives.
Top 10 Holdings
100.06% of assets| Name | Symbol | Weight |
|---|---|---|
| PGIM Quant Solutions Large-Cap Index R6 | PQSIX | 39.47% |
| PGIM Quant Solutions Intl Dev Mkts IdxR6 | PQDMX | 24.47% |
| PGIM Quant Solutions EMs Eq R6 | PQEMX | 10.37% |
| PGIM Quant Solutions Mid-Cap Index R6 | PQCCX | 9.51% |
| PGIM Jennison Small-Cap Core Equity R6 | PQJCX | 6.48% |
| PGIM Global Real Estate R6 | PGRQX | 4.89% |
| PGIM Total Return Bond R6 | PTRQX | 2.87% |
| PGIM Quant Solutions Commodity Strats R6 | PQCMX | 1.86% |
| PGIM Core Ultra Short Bond Fund | n/a | 0.15% |