About PDHGX
PGIM Target Date 2040 Fund Class R4 is a target date mutual fund designed to help investors prepare for retirement around the year 2040. As a diversified, multi-asset portfolio, it seeks to balance growth opportunities with the goal of preserving capital as the designated retirement year approaches. The fund achieves this by adjusting its allocations: initially, it favors higher-growth assets such as equities, including both U.S. large-cap, mid-cap, and international stocks, but gradually shifts toward more conservative investments like fixed income instruments and real assets over time.
Key features include exposure to a blend of underlying PGIM-managed funds, offering diversification across asset classes, geographic regions, and sectors. The portfolio also incorporates allocations to commodities and real estate, further broadening its risk profile. As of recent data, the equity allocation stands at roughly 66%, with an increasing portion in investment-grade fixed income as the fund nears its target date. This strategic glide path helps mitigate market risk and volatility for investors nearing retirement. By systematically adjusting its asset mix, the fund aims to provide a comprehensive, age-appropriate investment solution for retirement planning.
Fund Family PGIM Investments
Category Target-Date 2040
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol PDHGX
Index Index is not available on Lipper Database
PDHGX had a total return of 18.04% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.21%.
