PDEHX — PGIM Target Date 2025 Fund
Data updated: 2026-09-29
PDEHX — PGIM Target Date 2025 Fund. Target Date / Glide Path Allocation · $41.34M AUM · 0.40% expense ratio. Holdings, fees, performance and SEC filings.
PDEHX Fund Overview
PDEHX — PGIM Target Date 2025 Fund is a US mutual fund managed by Prudential Investment Portfolios 5, categorised as Target Date / Glide Path Allocation. 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: Target Date / Glide Path Allocation
- Assets under management: $41.34M
- 1-year return: 15.4%
- Ticker: PDEHX
- SEC CIK: 0001090155
- SEC series ID: S000055694
- Share class ID: C000175351
PDEHX Investment Objective and Strategy
PGIM Target Date 2025 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 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. The Fund is designed for investors expecting to retire in or close to the year 2025 (the target date) and who plan to gradually withdraw assets from the Fund over a moderate time period following retirement. In addition to the anticipated retirement date, relevant factors for selection of the Fund may include age, risk tolerance, other investments owned, and planned withdrawals. The Funds allocations among Underlying Funds (and asset classes) will change over time in relation to the Funds target date. The Funds asset allocations to Underlying Funds follow a glide path that becomes more conservative prior to and for approximately 10 years following the target date, by reducing exposure to equity investments and increasing exposure to fixed-income investments (the Glide path).
Accordingly, the Funds exposure to equity investments may continue to decline until approximately 10 years after its target date, when allocations to equity investments and non-traditional asset classes (including US and non-US equities, commodities and real estate) will remain fixed at approximately 35% of the Funds assets, with the remainder invested in fixed income investments. In this prospectus, we refer to both the strategic Glide path and the current Glide path. The strategic Glide path reflects the allocations between equity/non-traditional and fixed income assets through time based on long-term investment views and participant demographics. The strategic Glide path serves as an anchor from which allocations to equity/non-traditional and fixed income may deviate from year to year to reflect intermediate capital market expectations.
The current Glide path reflects such intermediate expectations. The current Glide path is reviewed annually and deviations are constrained so as to preserve the general risk and return characteristics of the strategic Glide path. The Funds allocations to the broad asset classes (equity/non-traditional and fixed income) as set forth in the current Glide path are not expected to vary from the Funds allocations set forth in the strategic Glide path by more than plus or minus 5%. Where the term Glide path is used by itself in this prospectus, it applies to both the strategic Glide path and the current Glide path. 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 ratcheted annually to shift the Funds allocation gradually from equity investments toward fixed income investments in accordance with the current Glide path. In addition, the Fund is rebalanced periodically to maintain the target asset allocations dictated by the current Glide path (as then in effect) with respect to the Underlying Funds in which the Fund is invested. The following chart illustrates the Fund's strategic Glide path: The information in the table below represents the current allocations for the Fund. 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 2025 Fund 53% 47% Pursuant to the annual ratcheting described above, this asset class mix may change each year.
In addition, the Funds subadviser will review the current Glide path and the Funds asset allocations to Underlying Funds annually to determine, in its discretion, whether the then current Glide path allocations remain suitable to meet the Funds investment objective. Based on such reviews, the subadviser may, without prior notification to shareholders, make changes to the current Glide path and/or the Funds asset 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. 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.
At the time when the Fund's target allocations match the asset allocations of the Day One Income Fund (the ""Income Fund""), the Fund's Board of Trustees may combine the Fund with the Income Fund without shareholder approval, and the Fund's shareholders will become shareholders of the Income Fund. This is expected to occur approximately ten years following the Fund's target date. This combination is expected to be tax-free under current law. Shareholders will be provided with additional information at that time."
PDEHX Holdings
Top 10 holdings of PGIM Target Date 2025 Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Prudential Investment Portfolios 8 | 23.57% |
| PGIM ETF Trust | 21.20% |
| Prudential Investment Portfolios 9 | 18.48% |
| Prudential Investment Portfolios 2 | 9.68% |
| Prudential Investment Portfolios 9 | 9.09% |
| Prudential Investment Portfolios 12 | 6.18% |
| Prudential Investment Portfolios 2 | 4.31% |
| Prudential Investment Portfolios 2 | 4.05% |
| Prudential Investment Portfolios 2 | 1.67% |
| Prudential Investment Portfolios 2 | 1.58% |
PDEHX Portfolio Allocation
Asset-class allocation of PGIM Target Date 2025 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.8% |
PDEHX Performance
Total returns for PDEHX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.9% |
| 1 year | 15.4% |
| 3 years (annualised) | 10.4% |
| 5 years (annualised) | 5.7% |
PDEHX Risk Information
Risk metrics for PDEHX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.1%
PDEHX Costs and Fees
PDEHX costs about $40 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.40%
- Gross expense ratio: 1.34%
- Portfolio turnover: 56%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
PDEHX Cashflows
Over the 12 months to 2026-04, PGIM Target Date 2025 Fund had net outflows of $5.61M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$997.83K |
| 2026-03 | −$1.02M |
| 2026-02 | −$345.04K |
| 2026-01 | −$1.40M |
| 2025-12 | $2.52M |
| 2025-11 | −$198.02K |
PDEHX Debt Constituents
No individual debt constituents are reported in PGIM Target Date 2025 Fund's latest SEC N-PORT filing.
PDEHX Prospectus and SEC Filings
Official PGIM Target Date 2025 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 Target Date / Glide Path Allocation 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.