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.
Fund Family PGIM Investments
Category Target-Date 2040
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol PDHFX
Index Index is not available on Lipper Database
PDHFX had a total return of 12.96% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.72%.
