PGIM TARGET DATE 2045 FUND
Name
As of 10/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
14.5%
1 yr return
28.7%
3 Yr Avg Return
4.7%
5 Yr Avg Return
9.3%
Net Assets
$28.2 M
Holdings in Top 10
99.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 19.43%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 38.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PDIDX - Profile
Distributions
- YTD Total Return 14.5%
- 3 Yr Annualized Total Return 4.7%
- 5 Yr Annualized Total Return 9.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.69%
- Dividend Yield 1.4%
- Dividend Distribution Frequency None
Fund Details
-
Legal NamePGIM TARGET DATE 2045 FUND
-
Fund Family NamePRUDENTIAL
-
Inception DateDec 13, 2016
-
Shares OutstandingN/A
-
Share ClassR1
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJoel Kallman
Fund Description
PDIDX - Performance
Return Ranking - Trailing
Period | PDIDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 14.5% | 11.6% | 23.6% | 92.39% |
1 Yr | 28.7% | 24.9% | 36.8% | 94.92% |
3 Yr | 4.7%* | -1.1% | 7.4% | 57.65% |
5 Yr | 9.3%* | 6.2% | 12.3% | 85.71% |
10 Yr | N/A* | 6.5% | 10.6% | N/A |
* Annualized
Return Ranking - Calendar
Period | PDIDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.8% | 4.8% | 21.3% | 81.63% |
2022 | -21.1% | -65.7% | -14.5% | 35.71% |
2021 | 3.7% | -4.7% | 18.7% | 77.01% |
2020 | 9.1% | 2.3% | 15.5% | 84.00% |
2019 | 17.2% | 8.2% | 23.0% | 72.15% |
Total Return Ranking - Trailing
Period | PDIDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 14.5% | 11.6% | 23.6% | 92.39% |
1 Yr | 28.7% | 24.9% | 36.8% | 94.92% |
3 Yr | 4.7%* | -1.1% | 7.4% | 57.65% |
5 Yr | 9.3%* | 6.2% | 12.3% | 85.71% |
10 Yr | N/A* | 6.5% | 10.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PDIDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 16.4% | 11.2% | 37.0% | 89.29% |
2022 | -15.5% | -28.2% | 0.1% | 16.84% |
2021 | 18.2% | 4.2% | 22.9% | 27.27% |
2020 | 10.8% | 7.8% | 23.2% | 99.43% |
2019 | 22.9% | 21.3% | 37.2% | 93.67% |
NAV & Total Return History
PDIDX - Holdings
Concentration Analysis
PDIDX | Category Low | Category High | PDIDX % Rank | |
---|---|---|---|---|
Net Assets | 28.2 M | 6.93 M | 79.9 B | 91.37% |
Number of Holdings | 11 | 2 | 586 | 71.07% |
Net Assets in Top 10 | 26.5 M | 9.98 M | 84.8 B | 91.37% |
Weighting of Top 10 | 99.85% | 42.4% | 144.1% | 24.87% |
Top 10 Holdings
- PGIM Quant Solutions Large-Cap Index Fund 35.98%
- PGIM Quant Solutions International Developed Markets Index Fund 18.71%
- PGIM Total Return Bond Fund 8.66%
- PGIM Quant Solutions Mid-Cap Index Fund 6.35%
- PGIM Quant Solutions Emerging Markets Equity Fund 6.20%
- PGIM TIPS Fund 5.27%
- PGIM Global Real Estate Fund 5.07%
- PGIM Jennison Small-Cap Core E 4.94%
- PGIM Quant Solutions Commodity Strategies Fund 4.72%
- Prudential Trust Company Collective Trust-Prudential Core Conservative Bond Fund 3.94%
Asset Allocation
Weighting | Return Low | Return High | PDIDX % Rank | |
---|---|---|---|---|
Stocks | 99.85% | 0.00% | 100.07% | 38.58% |
Cash | 0.18% | 0.00% | 45.56% | 52.28% |
Convertible Bonds | 0.12% | 0.00% | 1.09% | 38.58% |
Preferred Stocks | 0.00% | 0.00% | 0.03% | 85.79% |
Other | 0.00% | 0.00% | 11.52% | 81.73% |
Bonds | 0.00% | 0.00% | 25.62% | 86.29% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PDIDX % Rank | |
---|---|---|---|---|
Technology | 18.42% | 14.05% | 23.99% | 64.47% |
Financial Services | 14.19% | 13.09% | 18.83% | 72.59% |
Healthcare | 12.21% | 10.69% | 14.59% | 61.93% |
Consumer Cyclical | 10.71% | 8.06% | 13.31% | 73.10% |
Industrials | 10.41% | 9.12% | 12.31% | 48.73% |
Real Estate | 8.76% | 1.86% | 10.17% | 9.64% |
Consumer Defense | 6.91% | 4.68% | 11.06% | 38.58% |
Communication Services | 6.11% | 5.69% | 10.23% | 90.36% |
Basic Materials | 5.25% | 3.18% | 6.86% | 24.87% |
Energy | 4.45% | 2.33% | 6.54% | 46.70% |
Utilities | 2.58% | 1.89% | 8.09% | 65.48% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PDIDX % Rank | |
---|---|---|---|---|
US | 99.85% | 0.00% | 100.07% | 38.58% |
Non US | 0.00% | 0.00% | 38.46% | 85.79% |
PDIDX - Expenses
Operational Fees
PDIDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 19.43% | 0.01% | 19.43% | 0.51% |
Management Fee | 0.00% | 0.00% | 0.89% | 21.62% |
12b-1 Fee | 0.50% | 0.00% | 1.00% | 82.61% |
Administrative Fee | N/A | 0.01% | 0.29% | N/A |
Sales Fees
PDIDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
PDIDX 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.
PDIDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 38.00% | 0.42% | 115.00% | 83.24% |
PDIDX - Distributions
Dividend Yield Analysis
PDIDX | Category Low | Category High | PDIDX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.39% | 0.00% | 6.14% | 15.74% |
Dividend Distribution Analysis
PDIDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Annual | Annual |
Net Income Ratio Analysis
PDIDX | Category Low | Category High | PDIDX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.69% | -0.42% | 3.87% | 79.78% |
Capital Gain Distribution Analysis
PDIDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Semi-Monthly | Semi-Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 22, 2023 | $0.189 | OrdinaryDividend |
Dec 22, 2023 | $0.186 | CapitalGainLongTerm |
Dec 23, 2022 | $0.734 | OrdinaryDividend |
Dec 23, 2021 | $1.836 | OrdinaryDividend |
Dec 24, 2020 | $0.194 | OrdinaryDividend |
Dec 24, 2019 | $0.174 | OrdinaryDividend |
Dec 24, 2019 | $0.019 | CapitalGainShortTerm |
Dec 24, 2019 | $0.376 | CapitalGainLongTerm |
Dec 24, 2018 | $0.275 | CapitalGainLongTerm |
Dec 24, 2018 | $0.026 | CapitalGainShortTerm |
Dec 24, 2018 | $0.244 | OrdinaryDividend |
Dec 26, 2017 | $0.177 | OrdinaryDividend |
Dec 26, 2017 | $0.009 | CapitalGainShortTerm |
PDIDX - Fund Manager Analysis
Managers
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.
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.
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 | 5.7 | 2.41 |