PDFJX

About PDFJX

PGIM Target Date 2030 Fund Class R6 is a target-date mutual fund structured to help investors plan for retirement around the year 2030. Its primary function is to grow and preserve capital by gradually shifting its asset allocation over time from a growth-oriented portfolio to a more conservative mix as the target date approaches. The fund achieves diversification by investing in a selection of underlying mutual funds within the PGIM (Prudential) investment family, which span major asset classes and sectors, including both equities and fixed income instruments. This approach is designed to balance the need for capital appreciation during accumulation years with a greater emphasis on income and risk reduction as retirement nears. Notable features include annual dividend distributions and a strategy tailored for investors seeking a systematic glide path toward retirement. The fund's asset mix, turnover ratio, and yield are managed to align with the evolving risk profile of investors approaching the designated retirement year, making it a significant tool for retirement planning within the broader mutual fund market.