About PDJFX
PGIM Target Date 2050 Fund Class R3 is a mutual fund designed to help investors prepare for retirement around the year 2050. As a target date fund, its investment strategy automatically adjusts over time, gradually shifting from a higher allocation in equities to a more conservative mix of equities and fixed income as the target retirement date approaches. The fund invests in a diversified portfolio composed of underlying mutual funds managed by PGIM, providing exposure to multiple asset classes, including domestic and international equities, fixed income, and alternative assets such as real estate and commodities. This glidepath aims to balance growth potential during the accumulation years with capital preservation as retirement nears. The fund is regularly rebalanced and "ratcheted" according to a predetermined asset allocation path. Its structure seeks to address key risks faced by retirement savers, such as market volatility and inflation, while supporting long-term capital appreciation and income generation. PGIM Target Date 2050 Fund Class R3 serves as a comprehensive solution for individuals planning their financial future, allowing them to simplify retirement investing through a single, dynamically managed portfolio.
Fund Family PGIM Investments
Category Target-Date 2050
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol PDJFX
Index Index is not available on Lipper Database
PDJFX had a total return of 15.60% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.79%.
