PDJEX: Prudential Day One 2050 R2

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PDJEX Prudential Day One 2050 R2

  • Fund
  • PDJEX
  • Price as of: Jan 17, 2020
  • $12.19
    + $0.03 + 0.25%

Profile

PDJEX - Profile

Vitals

  • YTD Return 1.9%
  • 3 Yr Annualized Return 6.8%
  • 5 Yr Annualized Return N/A
  • Net Assets $13.7 M
  • Holdings in Top 10 99.1%

52 WEEK LOW AND HIGH

$12.19
$10.60
$12.44

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.75%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 30.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2050

Distributions

  • YTD Total Return 1.9%
  • 3 Yr Annualized Total Return 6.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.33%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Prudential Day One 2050 Fund Class R2
  • Fund Family Name
    PGIM Funds (Prudential)
  • Inception Date
    Dec 13, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Joel Kallman

Fund Description

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. It will invest in underlying funds that provide exposure to equity, fixed income and non-traditional asset classes. The fund is designed for investors expecting to retire in or close to the year 2050 (the "target date").


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Categories

Performance

PDJEX - Performance

Return Ranking - Trailing

Period PDJEX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% 0.0% 2.8% 55.70%
1 Yr 13.6% -4.0% 27.0% 37.49%
3 Yr 6.8%* -17.6% 12.5% 24.93%
5 Yr N/A* -11.3% 9.2% N/A
10 Yr N/A* -4.0% 10.4% N/A

* Annualized

Return Ranking - Calendar

Period PDJEX Return Category Return Low Category Return High Rank in Category (%)
2019 18.4% -1.8% 29.3% 21.84%
2018 -13.0% -30.8% -4.2% 42.20%
2017 17.6% -36.9% 19.9% 10.96%
2016 N/A -5.2% 8.6% N/A
2015 N/A -25.3% -0.9% N/A

Total Return Ranking - Trailing

Period PDJEX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% 0.0% 2.8% 55.70%
1 Yr 13.6% -4.0% 27.0% 36.35%
3 Yr 6.8%* -17.6% 12.5% 42.29%
5 Yr N/A* -11.3% 9.2% N/A
10 Yr N/A* -4.0% 10.4% N/A

* Annualized

Total Return Ranking - Calendar

Period PDJEX Return Category Return Low Category Return High Rank in Category (%)
2019 18.4% -1.8% 29.3% 21.84%
2018 -13.0% -25.4% -2.1% 67.86%
2017 17.6% -36.9% 26.6% 37.13%
2016 N/A -3.2% 12.3% N/A
2015 N/A -25.3% 3.9% N/A

NAV & Total Return History


Holdings

PDJEX - Holdings

Concentration Analysis

PDJEX Category Low Category High PDJEX % Rank
Net Assets 13.7 M 33.5 K 34.8 B 88.28%
Number of Holdings 12 1 497 78.53%
Net Assets in Top 10 13 M 30.6 K 24.5 B 86.54%
Weighting of Top 10 99.07% 25.2% 105.3% 21.86%

Top 10 Holdings

  1. PGIM QMA Large-Cap Core Equity R6 28.52%
  2. PGIM QMA International Dev Mkts Idx R6 18.80%
  3. PGIM QMA US Broad Market Index R6 17.20%
  4. PGIM QMA Mid-Cap Core Equity R6 8.02%
  5. PGIM Total Return Bond R6 6.91%
  6. PGIM QMA Emerging Markets Equity R6 5.87%
  7. PGIM Global Real Estate R6 4.87%
  8. PGIM Jennison Small-Cap Core Equity R6 4.06%
  9. PGIM QMA Commodity Strategies R6 2.86%
  10. PGIM Core Conservative Bond R6 1.97%

Asset Allocation

Weighting Return Low Return High PDJEX % Rank
Stocks
85.18% 0.00% 94.47% 30.27%
Bonds
9.33% -156.19% 72.14% 72.52%
Cash
4.81% -8.67% 187.11% 40.49%
Other
0.54% -1.70% 52.97% 17.04%
Convertible Bonds
0.12% 0.00% 5.72% 62.12%
Preferred Stocks
0.02% 0.00% 37.01% 48.21%

Stock Sector Breakdown

Weighting Return Low Return High PDJEX % Rank
Technology
15.71% 3.36% 21.12% 33.18%
Financial Services
15.38% 3.80% 22.83% 88.13%
Healthcare
12.16% 1.80% 18.61% 42.67%
Industrials
10.64% 1.57% 13.79% 82.39%
Real Estate
9.84% 0.46% 20.00% 12.56%
Consumer Cyclical
9.80% 2.04% 13.04% 67.56%
Communication Services
7.74% 0.38% 18.45% 52.61%
Consumer Defense
7.58% 1.11% 17.35% 56.02%
Basic Materials
3.98% 0.62% 6.52% 65.34%
Energy
3.95% 0.98% 5.76% 83.69%
Utilities
3.22% 0.00% 5.15% 48.41%

Stock Geographic Breakdown

Weighting Return Low Return High PDJEX % Rank
US
59.24% 0.00% 69.31% 6.02%
Non US
25.94% 0.00% 42.44% 51.22%

Bond Sector Breakdown

Weighting Return Low Return High PDJEX % Rank
Cash & Equivalents
24.72% 0.04% 187.10% 30.95%
Corporate
24.07% 0.00% 99.66% 54.74%
Securitized
21.68% 0.00% 34.71% 21.29%
Government
19.41% -2.84% 60.01% 82.28%
Derivative
9.66% -170.75% 40.01% 8.52%
Municipal
0.46% 0.00% 3.69% 23.23%

Bond Geographic Breakdown

Weighting Return Low Return High PDJEX % Rank
US
7.06% -189.52% 67.73% 79.05%
Non US
2.27% -66.27% 33.33% 53.38%

Expenses

PDJEX - Expenses

Operational Fees

PDJEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.75% 0.00% 150.91% 8.52%
Management Fee 0.02% 0.00% 1.05% 29.88%
12b-1 Fee 0.25% 0.00% 1.00% 60.23%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

PDJEX 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

PDJEX 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.

PDJEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 30.00% 0.00% 171.00% 52.48%

Distributions

PDJEX - Distributions

Dividend Yield Analysis

PDJEX Category Low Category High PDJEX % Rank
Dividend Yield 0.00% 0.00% 4.88% 83.89%

Dividend Distribution Analysis

PDJEX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

PDJEX Category Low Category High PDJEX % Rank
Net Income Ratio 1.33% -0.74% 13.14% 81.40%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PDJEX - Fund Manager Analysis

Managers

Joel Kallman


Start Date

Tenure

Tenure Rank

Dec 13, 2016

3.05

3.1%

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

3.05

3.1%

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.

George Sakoulis


Start Date

Tenure

Tenure Rank

Feb 26, 2018

1.84

1.8%

George Sakoulis, PhD, is a Managing Director and Head of Global Multi-Asset Solutions for QMA. In this capacity, he is responsible for research and development of systematic total and absolute return investment solutions. Prior to his current role, he headed the Global Portfolio Solutions group. Prior to joining QMA, he led quantitative research for the Emerging Markets Equity team at GMO. Previously, George served as the Director of European Equity Strategies for Numeric Investors and was a Director for UBS O’Connor. George’s articles have appeared in the European Economic Review, Journal of Empirical Finance and Computational Statistics and Data Analysis. George earned a BA in Economics and a BS in Statistics from San Francisco State University and an MA in Economics and a PhD in Financial Econometrics from the University of Washington.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 15.17 4.62 1.33