About PDIDX
PGIM Target Date 2045 Fund Class R1 is a mutual fund specifically designed for individuals planning to retire around the year 2045. Its primary function is to help investors accumulate assets for retirement by providing a diversified, multi-asset portfolio that balances growth and capital preservation. This fund utilizes a mix of U.S. and international equities, fixed income securities, real estate, and commodities, with the allocation gradually shifting towards more conservative investments as the target retirement date approaches.
The fund features a dynamic allocation model, starting with a heavier focus on stocks for long-term capital growth and incrementally increasing its holdings in bonds and other income-generating assets to mitigate risk as the retirement year nears. Managed by PGIM, it invests largely in other funds within the PGIM family, ensuring broad exposure across sectors and global regions. Notably, it holds significant portions in U.S. large-cap equities, international developed market funds, fixed income strategies, and alternative assets such as real estate and commodities.
PGIM Target Date 2045 Fund Class R1 serves as a one-stop solution for retirement savers, automatically adjusting its risk profile to align with the anticipated needs of investors as they approach retirement, making it a centerpiece in the target-date fund category.
Fund Family PGIM Investments
Category Target-Date 2045
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol PDIDX
Index Index is not available on Lipper Database
PDIDX had a total return of 19.24% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.11%.
