About PDIEX
PGIM Target Date 2045 Fund Class R2 is a target-date mutual fund designed primarily for investors who anticipate beginning withdrawals around the year 2045, often coinciding with their expected retirement. Its core objective is to deliver both capital growth and income while gradually shifting asset allocation over time, moving from a heavier emphasis on equities toward more conservative investments as the target date approaches. The fund achieves broad diversification by investing in a suite of underlying PGIM funds that span large-cap, mid-cap, and small-cap equities, international and emerging market stocks, core and total return bonds, real estate, commodities, and inflation-protected securities. This multi-asset approach supports investors through different market environments and life stages by balancing risk and reward. The fund’s glide path, or shift in investment mixture over time, is strategically designed to reduce exposure to riskier assets nearing retirement, focusing more on capital preservation and income. With a moderate expense ratio and an annual payout structure, the PGIM Target Date 2045 Fund Class R2 serves as a comprehensive solution for long-term retirement savers seeking an evolving, professionally managed portfolio that adapts as they approach their target retirement date.
Fund Family PGIM Investments
Category Target-Date 2045
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol PDIEX
Index Index is not available on Lipper Database
PDIEX had a total return of 14.31% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.98%.
