PGIM Target Date 2040 R3 (PDHFX)
| Fund Assets | 45.53M |
| Expense Ratio | 0.60% |
| Min. Investment | $0.00 |
| Turnover | 39.00% |
| Dividend (ttm) | 1.82 |
| Dividend Yield | 13.72% |
| Dividend Growth | 309.97% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 24, 2024 |
| Previous Close | 13.24 |
| YTD Return | 13.43% |
| 1-Year Return | 22.74% |
| 5-Year Return | 76.64% |
| 52-Week Low | 10.69 |
| 52-Week High | 13.93 |
| Beta (5Y) | n/a |
| Holdings | 12 |
| Inception Date | Dec 13, 2016 |
About PDHFX
PGIM Target Date 2040 Fund R3 is a multi-asset mutual fund designed to support long-term retirement planning. Its primary function is to provide a diversified investment solution that evolves over time, initially focusing on growth through exposure to equities and gradually shifting towards capital preservation by increasing allocations to bonds and other conservative assets as the target retirement year approaches. The fund invests in a carefully selected portfolio of other PGIM mutual funds that span a range of asset classes including U.S. and international equities, fixed income, commodities, and real estate. This broad diversification across sectors and geographies helps reduce risk while aiming for consistent returns. Notably, the fund is structured for investors planning to retire around 2040, offering them an all-in-one investment option that automatically adjusts its risk profile over the years. The fund’s holdings reflect a significant allocation to large-cap U.S. stocks, complemented by exposure to developed and emerging markets, high-quality bonds, and real assets. As part of the PGIM Target Date series, it plays a prominent role in supporting retirement strategies by balancing growth opportunities with income and risk management as retirement approaches.
Performance
PDHFX had a total return of 22.74% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.51%.
Top 10 Holdings
97.91% of assets| Name | Symbol | Weight |
|---|---|---|
| PGIM Quant Solutions Large-Cap Index R6 | PQSIX | 37.03% |
| PGIM Quant Solutions Intl Dev Mkts IdxR6 | PQDMX | 15.32% |
| PGIM Total Return Bond R6 | PTRQX | 9.36% |
| PGIM TIPS R6 | PQTSX | 7.35% |
| PGIM Quant Solutions Commodity Strats R6 | PQCMX | 5.05% |
| PGIM Global Real Estate R6 | PGRQX | 4.97% |
| PGIM Core Conservative Bond R6 | PQCNX | 4.93% |
| PGIM Quant Solutions Mid-Cap Index R6 | PQCCX | 4.89% |
| PGIM Quant Solutions EMs Eq R6 | PQEMX | 4.59% |
| PGIM Jennison Small-Cap Core Equity R6 | PQJCX | 4.41% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 24, 2024 | $1.81901 | Dec 24, 2024 |
| Dec 26, 2023 | $0.44369 | Dec 26, 2023 |
| Dec 27, 2022 | $0.9758 | Dec 27, 2022 |
| Dec 27, 2021 | $1.3771 | Dec 27, 2021 |
| Dec 28, 2020 | $0.24545 | Dec 28, 2020 |
| Dec 26, 2019 | $0.59908 | Dec 26, 2019 |