PGIM Target Date 2060 Fund Class R2 (PDLEX)
| Fund Assets | 10.74M |
| Expense Ratio | 0.75% |
| Min. Investment | $2,500 |
| Turnover | 46.00% |
| Dividend (ttm) | 0.64 |
| Dividend Yield | 3.67% |
| Dividend Growth | -49.72% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 23, 2025 |
| Previous Close | 17.32 |
| YTD Return | 12.44% |
| 1-Year Return | 22.95% |
| 5-Year Return | 67.92% |
| 52-Week Low | 14.61 |
| 52-Week High | 17.57 |
| Beta (5Y) | 0.97 |
| Holdings | 9 |
| Inception Date | Dec 13, 2016 |
About PDLEX
PGIM Target Date 2060 Fund Class R2 is a multi-asset class mutual fund designed to provide a balanced approach between growth and capital preservation. It targets investors planning for retirement around the year 2060, adjusting its asset allocation to become more conservative as the target date approaches. The fund invests in a diversified portfolio that includes equities, fixed income, and non-traditional asset classes, aiming to manage risk while seeking long-term growth. Notable features include a moderate expense ratio of 0.75% and an asset base reflecting its focused investment horizon. By gradually shifting its mix of investments over time, the fund aligns with the evolving risk tolerance and financial needs of investors as they approach retirement age, playing a significant role in long-term retirement planning strategies.
Performance
PDLEX had a total return of 22.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.64%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VTTSX | Vanguard | Vanguard Target Retirement 2060 Fund | 0.08% |
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| PGIM Quant Solutions Large-Cap Index R6 | PQSIX | 40.61% |
| PGIM Quant Solutions Intl Dev Mkts IdxR6 | PQDMX | 25.09% |
| PGIM Quant Solutions EMs Eq R6 | PQEMX | 10.40% |
| PGIM Quant Solutions Mid-Cap Index R6 | PQCCX | 9.07% |
| PGIM Jennison Small-Cap Core Equity R6 | PQJCX | 6.36% |
| PGIM Global Real Estate R6 | PGRQX | 4.91% |
| PGIM Total Return Bond ETF | PTRB | 3.16% |
| Prudential Invt Portfolios 2 | n/a | 0.43% |
| Us Dollar | n/a | -0.03% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 23, 2025 | $0.63572 | Dec 23, 2025 |
| Dec 23, 2024 | $1.26434 | Dec 23, 2024 |
| Dec 22, 2023 | $0.42612 | Dec 22, 2023 |
| Dec 23, 2022 | $0.8888 | Dec 23, 2022 |
| Dec 23, 2021 | $1.21174 | Dec 23, 2021 |
| Dec 24, 2020 | $0.17184 | Dec 24, 2020 |