PDJGX: Prudential Day One 2050 R4

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PDJGX Prudential Day One 2050 R4


Profile

PDJGX - Profile

Vitals

  • YTD Return -1.3%
  • 3 Yr Annualized Return 2.8%
  • 5 Yr Annualized Return N/A
  • Net Assets $19.2 M
  • Holdings in Top 10 98.7%

52 WEEK LOW AND HIGH

$11.78
$8.16
$12.45

Expenses

OPERATING RELATED FEES

  • Expense Ratio 19.83%

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) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -1.3%
  • 3 Yr Annualized Total Return 2.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 13.14%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Prudential Day One 2050 Fund
  • 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
    Jeremy Stempien

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

PDJGX - Performance

Return Ranking - Trailing

Period PDJGX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.3% -44.8% 33.1% 60.86%
1 Yr 3.7% -49.1% 47.1% 61.60%
3 Yr 2.8%* -35.4% 25.8% 37.82%
5 Yr N/A* -20.7% 24.0% N/A
10 Yr N/A* -8.3% 19.0% N/A

* Annualized

Return Ranking - Calendar

Period PDJGX Return Category Return Low Category Return High Rank in Category (%)
2019 18.5% -46.3% 66.4% 50.71%
2018 -13.2% -64.5% 6.7% 35.41%
2017 17.6% -38.9% 80.9% 36.05%
2016 N/A -26.1% 36.8% N/A
2015 N/A -42.3% 13.2% N/A

Total Return Ranking - Trailing

Period PDJGX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.3% -44.8% 33.1% 60.86%
1 Yr 3.7% -49.1% 47.1% 61.60%
3 Yr 2.8%* -34.8% 25.8% 58.10%
5 Yr N/A* -18.5% 24.0% N/A
10 Yr N/A* -6.6% 19.0% N/A

* Annualized

Total Return Ranking - Calendar

Period PDJGX Return Category Return Low Category Return High Rank in Category (%)
2019 18.5% -46.3% 66.4% 50.71%
2018 -13.2% -64.5% 6.7% 59.03%
2017 17.6% -20.0% 80.9% 70.73%
2016 N/A -23.9% 39.4% N/A
2015 N/A -34.5% 13.2% N/A

NAV & Total Return History


Holdings

PDJGX - Holdings

Concentration Analysis

PDJGX Category Low Category High PDJGX % Rank
Net Assets 19.2 M 11.9 K 52.3 B 84.15%
Number of Holdings 12 1 8581 79.20%
Net Assets in Top 10 14.2 M 77.7 K 30 B 80.29%
Weighting of Top 10 98.69% 10.7% 109.6% 16.40%

Top 10 Holdings

  1. PGIM QMA Large-Cap Core Equity R6 26.15%
  2. PGIM QMA International Dev Mkts Idx R6 18.88%
  3. PGIM QMA US Broad Market Index R6 17.03%
  4. PGIM QMA Mid-Cap Core Equity R6 8.96%
  5. PGIM QMA Emerging Markets Equity R6 6.92%
  6. PGIM Total Return Bond R6 6.82%
  7. PGIM Global Real Estate R6 4.90%
  8. PGIM Jennison Small-Cap Core Equity R6 4.15%
  9. PGIM QMA Commodity Strategies R6 2.95%
  10. PGIM Core Conservative Bond R6 1.94%

Asset Allocation

Weighting Return Low Return High PDJGX % Rank
Stocks
85.06% 66.95% 259.02% 78.94%
Bonds
10.01% -235.37% 29.78% 15.60%
Cash
4.24% -93.75% 187.11% 37.83%
Other
0.55% -2.38% 15.80% 14.78%
Convertible Bonds
0.14% 0.00% 6.64% 15.09%
Preferred Stocks
0.01% 0.00% 6.25% 36.01%

Stock Sector Breakdown

Weighting Return Low Return High PDJGX % Rank
Technology
18.43% 0.00% 51.17% 42.36%
Healthcare
13.85% 0.00% 46.51% 46.26%
Financial Services
12.84% 0.00% 47.35% 69.69%
Consumer Cyclical
9.66% 0.00% 32.90% 72.79%
Industrials
9.42% 0.00% 47.47% 84.36%
Real Estate
9.19% 0.00% 43.77% 8.64%
Communication Services
8.14% 0.00% 37.99% 63.72%
Consumer Defense
7.93% 0.00% 30.54% 35.61%
Basic Materials
4.45% 0.00% 34.56% 34.02%
Utilities
3.41% 0.00% 80.71% 30.98%
Energy
2.68% 0.00% 85.32% 72.19%

Stock Geographic Breakdown

Weighting Return Low Return High PDJGX % Rank
US
57.36% -0.31% 78.64% 31.63%
Non US
27.70% 18.71% 193.33% 80.90%

Bond Sector Breakdown

Weighting Return Low Return High PDJGX % Rank
Cash & Equivalents
24.62% -0.83% 187.10% 76.22%
Government
24.45% -2.84% 93.61% 38.11%
Corporate
20.64% 0.00% 92.98% 40.06%
Securitized
18.66% 0.00% 40.85% 16.04%
Derivative
11.13% -170.75% 95.58% 3.41%
Municipal
0.50% 0.00% 5.04% 14.45%

Bond Geographic Breakdown

Weighting Return Low Return High PDJGX % Rank
US
7.93% -189.52% 28.81% 23.11%
Non US
2.08% -2.77% 33.33% 11.01%

Expenses

PDJGX - Expenses

Operational Fees

PDJGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 19.83% 0.01% 45.88% 0.45%
Management Fee 0.02% 0.00% 1.50% 23.57%
12b-1 Fee 0.00% 0.00% 1.00% 1.50%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

PDJGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PDJGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.20% 2.00% 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.

PDJGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 30.00% 0.00% 614.00% 49.27%

Distributions

PDJGX - Distributions

Dividend Yield Analysis

PDJGX Category Low Category High PDJGX % Rank
Dividend Yield 0.00% 0.00% 32.10% 11.93%

Dividend Distribution Analysis

PDJGX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

PDJGX Category Low Category High PDJGX % Rank
Net Income Ratio 13.14% -7.55% 13.14% 0.06%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PDJGX - Fund Manager Analysis

Managers

Jeremy Stempien


Start Date

Tenure

Tenure Rank

Dec 13, 2016

3.63

3.6%

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

3.63

3.6%

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

0.24

0.2%

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 37.93 5.03 0.58