About PDFCX
PGIM Target Date 2030 Fund Class R1 is a mutual fund specifically designed to help investors save and invest for retirement with an anticipated retirement year of 2030. As an allocation target-date fund, it blends a variety of asset classes—including U.S. and international equities, fixed income, and potentially alternative investments—in proportions that change over time. The fund follows a glidepath approach, meaning its asset allocation gradually becomes more conservative as the target date approaches, reducing exposure to equities in favor of bonds and other lower-risk investments. This shift aims to manage risk as investors near retirement while maintaining growth potential in earlier years. PGIM incorporates both active and passive management strategies to balance cost and performance, and the fund seeks broad diversification to help address market risks throughout the accumulation, preservation, and retirement income phases. By offering professional management and automatic asset rebalancing, this fund serves as a one-step retirement planning solution widely used in employer-sponsored retirement plans and by individual investors pursuing a targeted, year-based savings strategy.
Fund Family PGIM Investments
Category Target-Date 2030
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol PDFCX
Index Index is not available on Lipper Database
PDFCX had a total return of 11.71% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.89%.
