About PDIJX
PGIM Target Date 2045 Fund Class R6 is a target date mutual fund designed to help investors prepare for retirement around the year 2045. The fund employs a diversified, multi-asset approach by allocating assets across a blend of underlying funds, offering exposure to equities, fixed income, and alternative investments. Its investment strategy features a dynamic glidepath, gradually shifting from a growth-oriented, higher equity allocation to more conservative investments as the target retirement date approaches. This process aims to balance capital appreciation during early saving years with increasing capital preservation as retirement nears. The fund is managed to address key retirement planning risks, such as market volatility and inflation, supporting defined contribution plan participants and individual investors seeking a professionally managed, all-in-one retirement solution. Class R6 shares are institutionally priced, providing a cost advantage compared to many peers, and are structured for use in employer-sponsored retirement plans. PGIM draws on global investment expertise across asset classes to deliver a fund notable for its holistic, research-driven approach to retirement preparation and risk management.
Fund Family PGIM Investments
Category Target-Date 2045
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol PDIJX
Index Index is not available on Lipper Database
PDIJX had a total return of 14.26% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.45%.
