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PGIM 60/40 Allocation Fund
mutual fund
PALDX
Payout Change
Pending
Price as of:
$13.26
+0.09
+0.68%
primary theme
U.S. Balanced Allocation
share class
PALDX (Mutual Fund)
PGIM 60/40 Allocation Fund
Payout Change
Pending
Price as of:
$13.26
+0.09
+0.68%
primary theme
U.S. Balanced Allocation
share class
PALDX (Mutual Fund)
PGIM 60/40 Allocation Fund
Payout Change
Pending
Price as of:
$13.26
+0.09
+0.68%
primary theme
U.S. Balanced Allocation
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
18.0%
1 yr return
18.4%
3 Yr Avg Return
6.0%
5 Yr Avg Return
8.8%
Net Assets
$103 M
Holdings in Top 10
99.9%
52 WEEK LOW AND HIGH
$13.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.52%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 22.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PALDX - Profile
Distributions
- YTD Total Return 18.0%
- 3 Yr Annualized Total Return 6.0%
- 5 Yr Annualized Total Return 8.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.76%
- Dividend Yield 5.9%
- Dividend Distribution Frequency None
Fund Details
-
Legal NamePGIM 60/40 Allocation Fund
-
Fund Family NamePRUDENTIAL
-
Inception DateSep 13, 2017
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJoel Kallman
Fund Description
The Fund pursues its objective by primarily investing in a portfolio of other mutual funds within the PGIM fund family (collectively, the “Underlying Funds”) that provide exposure to equity and fixed income. The investments held by Underlying Funds that provide exposure to equities will include equity and equity-related securities of large capitalization U.S. companies. Underlying Funds that provide exposure to fixed income will invest primarily in bonds. Such fixed income securities may include below investment grade bonds, commonly known as “junk bonds.”The Fund intends to invest a significant portion of its equity assets in the PGIM Quant Solutions Large-Cap Core Fund (the “Large-Cap Core Fund”). The Large-Cap Core Fund’s investment objective is long-term growth of capital. The Large-Cap Core Fund’s goal is to outperform the returns of the S&P 500 Index over the long term. The Large-Cap Core Fund normally invests at least 80% of its investable assets in equity and equity-related securities of large capitalization U.S. companies. The Fund intends to invest a significant portion of its fixed income assets in the PGIM Total Return Bond Fund (the “Total Return Bond Fund”). The investment objective of the Total Return Bond Fund is total return. The Total Return Bond Fund's subadviser allocates assets among different debt securities, including (but not limited to) U.S. Government securities, mortgage-related and asset-backed securities, corporate debt securities and foreign debt securities. The Total Return Bond Fund may invest up to 30% of its investable assets in high-yield debt securities or junk bonds.The Fund normally intends to obtain exposure to equity securities in an amount equal to approximately 60% of its total assets and exposure to fixed income securities in an amount equal to approximately 40% of its total assets. In order to obtain this exposure, under normal circumstances, the Fund intends to invest primarily in Underlying Funds, although the Fund may also make investments directly in equity and fixed income securities, or in a combination of securities and Underlying Funds.Variations in the target asset allocation between equity and fixed income securities, through investments in Underlying Funds, are permitted up to 10%. Therefore, based on a target equity/fixed income allocation of 60%/40%, the Fund may have an equity/fixed income allocation that ranges from 70%/30% to 50%/50%. Although variations beyond the 10% range are generally not permitted, Fund management may determine in light of market conditions or other factors that a greater variation is warranted to protect the Fund or achieve its investment goal.The subadviser is responsible for asset allocation of the Fund and will monitor the Fund's investments in Underlying Funds on a regular basis in order to maintain the approximate allocation to each asset class. The Fund is rebalanced periodically (typically monthly) to maintain the target asset allocations to the Underlying Funds in which the Fund is invested.
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PALDX - Performance
Return Ranking - Trailing
| Period | PALDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 18.0% | -2.7% | 72.6% | 5.73% |
| 1 Yr | 18.4% | -1.8% | 67.6% | 5.58% |
| 3 Yr | 6.0%* | -5.1% | 20.7% | 6.46% |
| 5 Yr | 8.8%* | -3.8% | 21.1% | 12.78% |
| 10 Yr | N/A* | 0.7% | 13.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | PALDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.5% | -12.2% | 23.9% | 6.78% |
| 2022 | -20.5% | -34.7% | 2.8% | 74.66% |
| 2021 | 8.7% | -11.9% | 18.1% | 27.36% |
| 2020 | 7.9% | -20.9% | 39.7% | 48.71% |
| 2019 | 16.9% | 0.8% | 25.7% | 15.00% |
Total Return Ranking - Trailing
| Period | PALDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 18.0% | -2.7% | 72.6% | 5.73% |
| 1 Yr | 18.4% | -1.8% | 67.6% | 5.58% |
| 3 Yr | 6.0%* | -5.1% | 20.7% | 6.46% |
| 5 Yr | 8.8%* | -3.8% | 21.1% | 12.78% |
| 10 Yr | N/A* | 0.7% | 13.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | PALDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.9% | -12.2% | 26.8% | 6.05% |
| 2022 | -15.6% | -29.0% | 10.9% | 61.32% |
| 2021 | 16.4% | -3.0% | 27.3% | 15.46% |
| 2020 | 10.7% | -19.5% | 40.6% | 67.96% |
| 2019 | 22.3% | 2.2% | 32.7% | 16.33% |
NAV & Total Return History
PALDX - Holdings
Concentration Analysis
| PALDX | Category Low | Category High | PALDX % Rank | |
|---|---|---|---|---|
| Net Assets | 103 M | 861 K | 235 B | 84.92% |
| Number of Holdings | 3 | 2 | 16143 | 98.82% |
| Net Assets in Top 10 | 112 M | 859 K | 66.9 B | 76.11% |
| Weighting of Top 10 | 99.87% | 10.8% | 122.7% | 14.45% |
Top 10 Holdings
- PGIM Quant Solutions Large-Cap Core Fund 59.71%
- PGIM Total Return Bond Fund 40.05%
- PGIM Core Ultra Short Bond Fund 0.11%
Asset Allocation
| Weighting | Return Low | Return High | PALDX % Rank | |
|---|---|---|---|---|
| Stocks | 99.76% | 0.00% | 100.10% | 19.03% |
| Convertible Bonds | 0.51% | 0.00% | 23.84% | 46.51% |
| Cash | 0.24% | -7.92% | 100.00% | 75.22% |
| Preferred Stocks | 0.00% | 0.00% | 24.59% | 50.44% |
| Other | 0.00% | -42.55% | 113.97% | 59.00% |
| Bonds | 0.00% | 0.00% | 77.71% | 69.76% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PALDX % Rank | |
|---|---|---|---|---|
| Technology | 24.98% | 0.00% | 44.21% | 9.69% |
| Healthcare | 14.99% | 0.00% | 29.35% | 27.72% |
| Financial Services | 13.03% | 0.00% | 38.77% | 73.77% |
| Consumer Cyclical | 10.47% | 0.00% | 19.36% | 41.13% |
| Communication Services | 8.33% | 0.00% | 38.10% | 28.76% |
| Industrials | 7.56% | 0.00% | 24.37% | 90.01% |
| Consumer Defense | 7.19% | 0.00% | 15.14% | 39.20% |
| Energy | 5.14% | 0.00% | 85.65% | 43.07% |
| Basic Materials | 3.51% | 0.00% | 25.57% | 67.96% |
| Real Estate | 2.44% | 0.00% | 65.01% | 69.90% |
| Utilities | 2.36% | 0.00% | 99.55% | 70.49% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PALDX % Rank | |
|---|---|---|---|---|
| US | 99.76% | 0.00% | 100.10% | 19.03% |
| Non US | 0.00% | 0.00% | 42.80% | 52.21% |
PALDX - Expenses
Operational Fees
| PALDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.52% | 0.03% | 27.98% | 89.15% |
| Management Fee | 0.02% | 0.00% | 1.83% | 18.30% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
| PALDX 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% | 5.00% | N/A |
Trading Fees
| PALDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 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.
| PALDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 22.00% | 0.83% | 343.00% | 28.55% |
PALDX - Distributions
Dividend Yield Analysis
| PALDX | Category Low | Category High | PALDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.86% | 0.00% | 17.90% | 29.87% |
Dividend Distribution Analysis
| PALDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| PALDX | Category Low | Category High | PALDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.76% | -2.34% | 13.92% | 19.67% |
Capital Gain Distribution Analysis
| PALDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Semi-Monthly |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2024 | $0.769 | OrdinaryDividend |
| Dec 20, 2024 | $0.032 | CapitalGainShortTerm |
| Dec 20, 2024 | $0.263 | CapitalGainLongTerm |
| Dec 26, 2023 | $0.030 | OrdinaryDividend |
| Dec 20, 2023 | $0.313 | OrdinaryDividend |
| Dec 20, 2023 | $0.015 | CapitalGainLongTerm |
| Dec 20, 2022 | $0.651 | OrdinaryDividend |
| Dec 20, 2021 | $0.910 | OrdinaryDividend |
| Dec 18, 2020 | $0.314 | OrdinaryDividend |
| Dec 19, 2019 | $0.326 | OrdinaryDividend |
| Dec 19, 2019 | $0.022 | CapitalGainShortTerm |
| Dec 19, 2019 | $0.169 | CapitalGainLongTerm |
| Dec 19, 2018 | $0.004 | CapitalGainShortTerm |
| Dec 19, 2018 | $0.003 | CapitalGainLongTerm |
| Dec 19, 2018 | $0.346 | OrdinaryDividend |
| Dec 19, 2017 | $0.155 | ExtraDividend |
PALDX - Fund Manager Analysis
Managers
Joel Kallman
Start Date
Tenure
Tenure Rank
Sep 12, 2017
4.72
4.7%
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
Sep 12, 2017
4.72
4.7%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 34.51 | 6.39 | 2.41 |
