Morningstar

PGIM Target Date 2040 Fund Class R2 PDHEX

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 14.30  /  +0.21 %
  • Total Assets 39.3M
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.400%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Medium
  • Category Target-Date 2040
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Status Open
  • TTM Yield 2.21%
  • Turnover 39%

USD | NAV as of Jul 11, 2026 | 1-Day Return as of Jul 11, 2026, 12:45 AM GMT+0

Morningstar’s Analysis PDHEX

Will PDHEX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PDHEX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PDHEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PDHEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

PGIM Target Date 2040 R2 holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings PDHEX

More PDHEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 99.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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39.11 15M
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PGIM Quant Solutions Intl Dev Mkts IdxR6

17.76 7M
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PGIM Total Return Bond ETF

12.07 5M
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PGIM TIPS R6

5.84 2M
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PGIM Global Real Estate R6

5.12 2M
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PGIM Quant Solutions Mid-Cap Index R6

4.90 2M
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PGIM Quant Solutions EMs Eq R6

4.45 2M
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PGIM Jennison Small-Cap Core Equity R6

4.32 2M
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PGIM Core Conservative Bond R6

3.29 1M
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PGIM Quant Solutions Commodity Strats R6

2.95 1M
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