About PDHEX
PGIM Target Date 2040 Fund Class R2 is a diversified mutual fund designed for investors planning to retire around the year 2040. Its primary function is to strike a balance between long-term capital growth and capital conservation, adapting its investment strategy as the target retirement date approaches. The fund achieves its objectives by investing in a broad mix of underlying funds, which collectively offer exposure to multiple asset classes such as U.S. and international equities, fixed income, real estate, and commodities. Notably, the portfolio composition becomes progressively more conservative over time, gradually reducing equity exposure while increasing fixed income and other lower-risk assets to help manage risk as retirement nears. PGIM Target Date 2040 Fund Class R2’s allocation includes significant holdings in U.S. large-cap equities, emerging markets, and high-quality investment grade bonds, providing both growth potential and a measure of stability. As part of the broader PGIM Target Date Fund family, this fund serves an important role for participants in employer-sponsored retirement plans or individual investors seeking a professionally managed investment solution aligned with a projected retirement timeline.
Fund Family PGIM Investments
Category Target-Date 2040
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol PDHEX
Index Index is not available on Lipper Database
PDHEX had a total return of 12.36% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.46%.
