PDADX Fees and Costs — PGIM Target Date Income Fund, Class R1
Data updated: 2026-10-13
The net expense ratio is 1.00% (3.62% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $39 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 67%.
PDADX Fees and Expenses
Annual operating expenses and sales charges of PDADX. Prospectus, as of July 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.50% |
| Other expenses | 2.80% |
| Gross expense ratio | 3.62% |
| Fee waiver | −2.62% |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
PDADX Costs Over Time
On $10,000 invested in PDADX, assuming 5% a year before costs, total costs come to $626 over 5 years, cutting the return by 1.05% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $344 | $626 |
| Value after costs | $10,395 | $11,232 | $12,137 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
PDADX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $39
- Bought from dealers (principal trades, not a cost): $8.3M
- Portfolio turnover (prospectus): 67%
PDADX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $17 | 42.50% |
| BARCLAYS CAPITAL, INC. | $6 | 15.00% |
| LIQUIDNET, INC. | $4 | 10.00% |
| Raymond James & Associates, Inc. | $4 | 10.00% |
| JP MORGAN SECURITIES LLC | $4 | 10.00% |
| MORGAN STANLEY & CO. LLC | $2 | 5.00% |
| CITIGROUP GLOBAL MARKETS INC. | $1 | 2.50% |
| WELLS FARGO SECURITIES, LLC | $1 | 2.50% |
| RBC CAPITAL MARKETS, LLC | $1 | 2.50% |
PDADX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $6.7M | 80.45% |
| VIRTU AMERICAS LLC | $456K | 5.51% |
| Goldman Sachs & Co. LLC | $452K | 5.46% |
| CITADEL SECURITIES LLC | $317K | 3.83% |
| BOFA SECURITIES, INC. | $283K | 3.42% |
| RBC CAPITAL MARKETS, LLC | $109K | 1.32% |
| LIQUIDNET, INC. | $42 | 0.00% |
| CitiGroup Global Markets Inc. | $42 | 0.00% |
PGIM Target Date Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PDAJX | Class R6 | 0.25% | none |
| PDAHX | Class R5 | 0.40% | none |
| PDAGX | Class R4 | 0.50% | none |
| PDAFX | Class R3 | 0.60% | none |
| PDAEX | Class R2 | 0.75% | none |
| PDADX | Class R1 | 1.00% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.