About PDIKX
PGIM Target Date 2045 Fund Class R3 is a multi-asset mutual fund crafted to serve investors planning to retire around the year 2045. As a target date fund, its central purpose is to provide a professionally managed, diversified portfolio that adjusts over time: it predominantly invests in equities during its early years for growth, and gradually shifts toward more conservative, income-focused fixed income allocations as the 2045 target approaches and during retirement years thereafter. This asset allocation evolves along a predetermined glidepath, aiming to balance capital appreciation and risk mitigation as investors age.
The fund invests in a series of underlying PGIM funds spanning large-cap, mid-cap, and small-cap U.S. equities, international developed and emerging markets stocks, bonds, inflation-protected securities, commodities, and real estate. The portfolio is broadly diversified, minimizing exposure to risks linked to any one asset class or geographic region. Its design addresses key retirement risks including market volatility, inflation, and longevity, making it a popular choice for defined contribution retirement plans. PGIM’s expertise in fixed income and equity management underpins the strategy, providing participants with exposure to global investment opportunities. While the principal value and future income are not guaranteed, the fund’s adaptive structure offers a systematic approach to long-term retirement investing.
Fund Family PGIM Investments
Category Target-Date 2045
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol PDIKX
Index Index is not available on Lipper Database
PDIKX had a total return of 14.43% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.09%.
