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Trending ETFs

Name

As of 06/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.15

$21.8 M

3.84%

$0.39

13.37%

Vitals

YTD Return

3.3%

1 yr return

6.8%

3 Yr Avg Return

0.7%

5 Yr Avg Return

3.5%

Net Assets

$21.8 M

Holdings in Top 10

99.8%

52 WEEK LOW AND HIGH

$10.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 13.37%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 45.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.15

$21.8 M

3.84%

$0.39

13.37%

PDADX - Profile

Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.33%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    PGIM TARGET DATE INCOME FUND
  • Fund Family Name
    PRUDENTIAL
  • Inception Date
    Dec 13, 2016
  • Shares Outstanding
    N/A
  • Share Class
    R1
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeremy Stempien

Fund Description

The Fund is intended for retired investors who seek income from fixed income investments with some capital appreciation from equities. The Fund pursues its objective by investing in a diversified portfolio of other mutual funds within the PGIM fund family (collectively, “Underlying Funds”) that represent various asset classes and sectors. The Fund will invest in Underlying Funds that provide exposure to equity, fixed income and non-traditional asset classes. The investments held by Underlying Funds that provide exposure to equities may include U.S. large-cap equity, mid-cap equity and small-cap equity, as well as international developed markets equity, emerging markets equity and other non-U.S. securities. Underlying Funds that provide exposure to fixed income may invest primarily in bonds, including below investment grade bonds, commonly known as “junk bonds.” Underlying Funds may gain exposure to non-traditional asset classes through investments in equity securities and related derivatives of issuers that are primarily engaged in or related to the real estate industry, real estate investment trusts (“REITs”), commodity-related instruments and derivative securities or instruments, such as options and futures, the value of which is derived from another security, a commodity, a currency or an index.Approximately 65% of the Fund’s assets will be allocated to Underlying Funds that provide exposure to fixed income investments, with the remainder invested in Underlying Funds that provide exposure to equity and equity-related securities and non-traditional asset classes (including U.S. and non-U.S. equities, commodities and real estate). The Fund is typically rebalanced monthly to maintain the asset allocations with respect to the Underlying Funds in which the Fund is invested.The subadviser will review the Fund’s asset allocations to the Underlying Funds annually to determine, in its discretion, whether the allocations remain suitable to meet the Fund’s investment objective. Based on such reviews, the subadviser may make changes to the Fund’s allocations as it deems appropriate to meet the Fund’s investment objective in light of market and economic conditions and such other factors as it deems relevant. There is no assurance that the Fund’s objective will be achieved or that the Fund will provide adequate income through the investor’s retirement.The information in the table below represents the strategic allocations for the Fund.The Fund’s actual allocations may differ from those shown in the table below by plus or minus 5%. The Fund’s shareholder reports set forth its actual allocations among asset classes and among Underlying Funds.Fund NameEquity and Non-TraditionalFixed IncomePGIM Target Date Income Fund35%65%The Fund shall maintain not less than the minimum total allocation to fixed income investments and such other constraints, if any, as may be required for it to be considered a Qualified Default Investment Alternative as defined under the Employee Retirement Income Security Act of 1974 (“ERISA”) and determined by the U.S. Department of Labor.
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PDADX - Performance

Return Ranking - Trailing

Period PDADX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -1.2% 8.5% 58.20%
1 Yr 6.8% 1.7% 11.8% 62.96%
3 Yr 0.7%* -6.4% 3.8% 34.57%
5 Yr 3.5%* -5.0% 5.4% 51.75%
10 Yr N/A* 1.6% 5.0% N/A

* Annualized

Return Ranking - Calendar

Period PDADX Return Category Return Low Category Return High Rank in Category (%)
2023 5.1% -9.8% 12.8% 59.57%
2022 -18.1% -38.3% -3.8% 87.23%
2021 1.4% -9.1% 10.3% 18.28%
2020 5.7% -13.4% 12.6% 55.76%
2019 9.0% -1.1% 13.9% 38.13%

Total Return Ranking - Trailing

Period PDADX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -1.2% 8.5% 58.20%
1 Yr 6.8% 1.7% 11.8% 62.96%
3 Yr 0.7%* -6.4% 3.8% 34.57%
5 Yr 3.5%* -5.0% 5.4% 51.75%
10 Yr N/A* 1.6% 5.0% N/A

* Annualized

Total Return Ranking - Calendar

Period PDADX Return Category Return Low Category Return High Rank in Category (%)
2023 7.9% -9.8% 15.4% 77.13%
2022 -12.3% -16.9% -2.9% 57.45%
2021 8.6% -3.8% 10.3% 11.29%
2020 7.5% -13.4% 16.6% 84.24%
2019 12.9% 4.7% 25.2% 64.03%

NAV & Total Return History


PDADX - Holdings

Concentration Analysis

PDADX Category Low Category High PDADX % Rank
Net Assets 21.8 M 1.15 M 36 B 89.95%
Number of Holdings 10 2 1464 86.77%
Net Assets in Top 10 19.4 M 826 K 36.2 B 84.66%
Weighting of Top 10 99.84% 4.5% 109.1% 15.47%

Top 10 Holdings

  1. PGIM TIPS Fund 22.91%
  2. PGIM Quant Solutions Large-Cap Index Fund 16.15%
  3. PGIM Total Return Bond Fund 15.91%
  4. Prudential Trust Company Collective Trust-Prudential Core Conservative Bond Fund 15.90%
  5. PGIM Core Ultra Short Bond Fund 9.94%
  6. PGIM Quant Solutions Commodity Strategies Fund 6.06%
  7. PGIM Global Real Estate Fund 5.92%
  8. PGIM Quant Solutions International Developed Markets Index Fund 4.66%
  9. PGIM Quant Solutions Mid-Cap Index Fund 1.20%
  10. PGIM Jennison Small-Cap Core E 1.20%

Asset Allocation

Weighting Return Low Return High PDADX % Rank
Stocks
89.91% 0.00% 100.78% 58.20%
Cash
10.09% -24.70% 53.61% 13.23%
Convertible Bonds
0.30% 0.00% 6.56% 81.48%
Preferred Stocks
0.00% 0.00% 11.70% 84.13%
Other
0.00% 0.00% 5.62% 85.19%
Bonds
0.00% 0.00% 109.30% 93.12%

Stock Sector Breakdown

Weighting Return Low Return High PDADX % Rank
Real Estate
19.30% 1.86% 19.30% 3.95%
Technology
17.54% 16.20% 25.61% 78.95%
Healthcare
11.72% 6.38% 14.87% 58.55%
Financial Services
11.69% 11.53% 20.26% 94.74%
Consumer Cyclical
9.20% 4.61% 13.00% 96.71%
Industrials
8.46% 7.75% 12.84% 90.79%
Consumer Defense
6.25% 4.27% 8.57% 56.58%
Communication Services
5.91% 4.20% 8.42% 88.82%
Energy
4.01% 2.88% 13.48% 79.61%
Basic Materials
3.70% 2.71% 8.17% 89.47%
Utilities
2.23% 1.85% 8.79% 83.55%

Stock Geographic Breakdown

Weighting Return Low Return High PDADX % Rank
US
89.91% 0.00% 100.78% 58.20%
Non US
0.00% 0.00% 17.40% 84.66%

PDADX - Expenses

Operational Fees

PDADX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 13.37% 0.05% 13.37% 0.53%
Management Fee 0.00% 0.00% 0.79% 21.47%
12b-1 Fee 0.50% 0.00% 1.00% 80.88%
Administrative Fee N/A 0.01% 0.29% N/A

Sales Fees

PDADX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PDADX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PDADX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 45.00% 0.00% 121.26% 79.87%

PDADX - Distributions

Dividend Yield Analysis

PDADX Category Low Category High PDADX % Rank
Dividend Yield 3.84% 0.00% 9.37% 66.14%

Dividend Distribution Analysis

PDADX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

PDADX Category Low Category High PDADX % Rank
Net Income Ratio 1.33% -0.06% 5.71% 72.32%

Capital Gain Distribution Analysis

PDADX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

PDADX - Fund Manager Analysis

Managers

Jeremy Stempien


Start Date

Tenure

Tenure Rank

Dec 13, 2016

5.47

5.5%

Jeremy Stempien, MBA, is a Vice President, Portfolio Manager and Strategist for QMA, working with the Dynamic Asset Allocation team. His responsibilities include the management of the Prudential Day One Funds and managing client relationships. Prior to joining QMA, Jeremy was a Director of Investments at Morningstar Investment Management where he was responsible for developing asset allocation programs for plan providers, plan sponsors, and money management companies. He worked with clients in creating and managing custom target date glide paths, selecting appropriate asset classes, and constructing model portfolios. Previously, he worked at Hewitt Associates where he was a Defined Contribution Manager. Jeremy earned a BA in Finance from Saint Louis University and an MBA in Investments from University of Notre Dame.

Joel Kallman


Start Date

Tenure

Tenure Rank

Dec 13, 2016

5.47

5.5%

Joel M. Kallman, CFA, is a Vice President and Portfolio Manager for Quantitative Management Associates. Joel is a portfolio manager and a member of the asset allocation team. He also conducts economic and market valuation research. Joel has also held various positions within Prudential's fixed-income group, in areas such as high-yield credit analysis and performance reporting. He earned a BS and MBA in Finance from Rutgers University. He is also a member of the New York Society of Security Analysts and holds the Chartered Financial Analyst (CFA) designation.

Lorne Johnson


Start Date

Tenure

Tenure Rank

May 05, 2020

2.07

2.1%

Lorne Johnson, PhD, is a Managing Director and Portfolio Manager working within the Global Multi-Asset Solutions team. As the Director of Institutional Solutions, he serves as a subject matter expert, and performs research and analysis for Global Multi-Asset Solutions portfolios. Prior to joining QMA, Lorne was a Senior Portfolio Manager at State Street Global Advisors’ Investment Solutions Group with a focus on managing tactical asset allocation portfolios. Previously, Lorne was a Portfolio Manager at CalPERS and Numeric Investors, a Senior Portfolio Manager at ABP Investments, and an Economist at Caxton Associates. He earned a BA in both public administration and history at California State University, an MA in applied economics at San Jose State University and an MA and PhD in economics at the University of Washington. His dissertation research focused on the application of non-linear time varying parameter models to better understanding risk premia in U.S. financial markets.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.59 6.47 3.75