About PDHJX
PGIM Target Date 2040 Fund Class R6 is a multi-asset mutual fund designed to help investors prepare for retirement around the year 2040. Its primary objective is to achieve a balance between growth and capital preservation by strategically investing in a diversified mix of underlying PGIM mutual funds. The fund holds exposure across a range of asset classes, including U.S. and international equities, fixed income securities, real estate, and commodities.
As a target date fund, its allocation becomes more conservative over time, gradually shifting from higher-risk growth assets such as stocks to more stable fixed income and capital preservation strategies as the 2040 target date approaches. Within its portfolio, the fund typically allocates approximately 46% to U.S. stocks, 20% to non-U.S. stocks, 24% to fixed income, and smaller portions to real estate and commodities, reflecting a diversified approach suited to investors seeking long-term retirement growth with an evolving risk profile. This structure makes the fund a core component in defined contribution plans and retirement accounts, aligning with investors' changing needs as they progress towards retirement.
Fund Family PGIM Investments
Category Target-Date 2040
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol PDHJX
Index Index is not available on Lipper Database
PDHJX had a total return of 12.80% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.03%.
