PDAFX — PGIM Target Date Income Fund
Data updated: 2026-09-29
PDAFX — PGIM Target Date Income Fund. United States Multi-Cap / All-Cap Blend / Core Equity · $24.06M AUM. Holdings, fees, performance and SEC filings.
PDAFX Fund Overview
PDAFX — PGIM Target Date Income Fund is a US mutual fund managed by Prudential Investment Portfolios 5, categorised as United States Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Prudential Investment Portfolios 5
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $24.06M
- 1-year return: 12.6%
- Ticker: PDAFX
- SEC CIK: 0001090155
- SEC series ID: S000055691
- Share class ID: C000175331
PDAFX Investment Objective and Strategy
PGIM Target Date Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Prudential Investment Portfolios 5.
Investment objective
The investment objective of the Fund is to seek a balance between growth and conservation of capital.
Principal investment strategy
The Fund is intended for retired investors who seek income from fixed income investments with some capital appreciation from equities. The Fund pursues its objective by investing in a diversified portfolio of other mutual funds within the Prudential fund family (collectively, Underlying Funds) that represent various asset classes and sectors. The Fund will invest in Underlying Funds that provide exposure to fixed income, equity and non-traditional asset classes. The investments held by Underlying Funds that provide exposure to equities may include US large-cap equity, mid-cap equity and small-cap equity, as well as international developed markets equity, emerging markets equity and other non-US securities. Underlying Funds that provide exposure to fixed income may invest primarily in bonds, including below investment grade bonds, commonly known as junk bonds.
Underlying Funds may gain exposure to non-traditional asset classes through investments in equity securities and related derivatives of issuers that are primarily engaged in or related to the real estate industry, real estate investment trusts (REITs), commodity-related instruments and derivative securities or instruments, such as options and futures, the value of which is derived from another security, a commodity, a currency or an index. More detailed information about the Underlying Funds appears in the section of the Prospectus entitled More About the Funds Principal and Non-Principal Investment Strategies, Investments And Risks. Approximately 65% of the Funds assets will be allocated to Underlying Funds that provide exposure to fixed income investments, with the remainder invested in Underlying Funds that provide exposure to equity and equity-related securities and non-traditional asset classes (including US and non-US equities, commodities and real estate).
The Fund is typically rebalanced monthly to maintain the asset allocations with respect to the Underlying Funds in which the Fund is invested. The subadviser will review the Funds asset allocations to the Underlying Funds annually to determine, in its discretion, whether the allocations remain suitable to meet the Funds investment objective. Based on such reviews, the subadviser may make changes to the Funds allocations as it deems appropriate to meet the Funds investment objective in light of market and economic conditions and such other factors as it deems relevant. There is no assurance that the Funds objective will be achieved or that the Fund will provide adequate income through the investors retirement. The information in the table below represents the strategic allocations for the Fund.
The Funds actual allocations may differ from those shown in the table below by plus or minus 5%. The Funds shareholder reports set forth its actual allocations among asset classes and among Underlying Funds. Fund Name Equity and Non-Traditional Fixed Income Prudential Day One Income Fund 35% 65% The Fund shall maintain not less than the minimum total allocation to fixed income investments and such other constraints, if any, as may be required for it to be considered a Qualified Default Investment Alternative as defined under the Employee Retirement Income Security Act of 1974 (ERISA) and determined by the US Department of Labor.
PDAFX Holdings
Top 9 holdings of PGIM Target Date Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| PGIM ETF Trust | 23.22% |
| Prudential Investment Portfolios 9 | 22.79% |
| Prudential Investment Portfolios 8 | 16.12% |
| Prudential Investment Portfolios 9 | 12.51% |
| Prudential Investment Portfolios 12 | 7.00% |
| Prudential Investment Portfolios 2 | 5.97% |
| Prudential Investment Portfolios 2 | 5.62% |
| Prudential Investment Portfolios 2 | 4.83% |
| Prudential Investment Portfolios 2 | 1.49% |
PDAFX Portfolio Allocation
Asset-class allocation of PGIM Target Date Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.6% |
PDAFX Performance
Total returns for PDAFX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.4% |
| 1 year | 12.6% |
| 3 years (annualised) | 8.6% |
| 5 years (annualised) | 4.3% |
PDAFX Risk Information
Risk metrics for PDAFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.9%
PDAFX Costs and Fees
PDAFX costs about $60 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.60%
- Gross expense ratio: 1.72%
- Portfolio turnover: 67%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
PDAFX Cashflows
Over the 12 months to 2026-04, PGIM Target Date Income Fund had net inflows of $198.34K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $79.87K |
| 2026-03 | −$1.36M |
| 2026-02 | −$701.67K |
| 2026-01 | −$152.56K |
| 2025-12 | $3.40M |
| 2025-11 | −$150.05K |
PDAFX Debt Constituents
No individual debt constituents are reported in PGIM Target Date Income Fund's latest SEC N-PORT filing.
PDAFX Prospectus and SEC Filings
Official PGIM Target Date Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-09-29
- Prospectus (485BPOS) — filed 2025-09-25
- Prospectus (485BPOS) — filed 2024-09-27
- Portfolio holdings (N-PORT) — filed 2026-09-29
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-31
- Annual census (N-CEN) — filed 2025-10-10
- Annual census (N-CEN) — filed 2024-10-15
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.