- ISIN
- US74440V7249
- Issuer
- PGIM
- Inception Date
- Sep 12, 2017
- Category
- Diversified Portfolio
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PALDX Performance Chart
PGIM 60/40 Allocation Fund (PALDX) is up 7.7% since the beginning of the year. PALDX is currently trading at $15 per share. Investors who bought $1,000 worth of PALDX shares 5 years ago would now be looking at an investment worth $1,565.
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Returns By Period
PGIM 60/40 Allocation Fund (PALDX) has returned 7.68% so far this year and 20.32% over the past 12 months.
PGIM 60/40 Allocation Fund
- 1D
- 0.26%
- 1M
- 1.54%
- YTD
- 7.68%
- 6M
- 8.10%
- 1Y
- 20.32%
- 3Y*
- 17.02%
- 5Y*
- 9.37%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- -0.21%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
PALDX Monthly Returns History
Based on dividend-adjusted daily data since Sep 13, 2017, PALDX's average daily return is +0.04%, while the average monthly return is +0.86%. At this rate, an investment would double in approximately 6.7 years.
Historically, 71% of months were positive and 29% were negative. The best month was Apr 2020 with a return of +9.1%, while the worst month was Mar 2020 at -11.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PALDX closed higher 50% of trading days. The best single day was Dec 20, 2024 with a return of +10.1%, while the worst single day was Mar 12, 2020 at -6.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.49% | 0.42% | -3.63% | 6.37% | 2.86% | 0.20% | 7.68% | ||||||
| 2025 | 1.99% | -0.30% | -4.22% | -0.47% | 3.95% | 3.57% | 1.39% | 2.10% | 2.41% | 1.73% | 0.54% | 0.40% | 13.62% |
| 2024 | 1.40% | 3.17% | 2.68% | -3.52% | 3.73% | 2.60% | 1.57% | 1.76% | 1.52% | -1.56% | 3.83% | 0.58% | 18.96% |
| 2023 | 5.23% | -2.53% | 2.69% | 0.81% | 0.18% | 4.47% | 1.88% | -0.92% | -3.64% | -2.02% | 7.63% | 4.32% | 18.90% |
| 2022 | -3.17% | -1.95% | 0.95% | -6.30% | 0.42% | -6.37% | 6.35% | -3.28% | -7.65% | 4.43% | 4.69% | -3.81% | -15.65% |
| 2021 | -0.08% | 0.58% | 2.94% | 3.41% | 1.00% | 1.37% | 1.87% | 1.55% | -3.19% | 3.74% | -0.51% | 2.72% | 16.30% |
Benchmark Metrics
PGIM 60/40 Allocation Fund has an annualized alpha of 2.92%, beta of 0.53, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since September 14, 2017.
- This fund participated in 71.58% of S&P 500 Index downside but only 66.04% of its upside - more exposed to losses than it benefited from rallies.
- This fund generated an annualized alpha of 2.92% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.53 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.92%
- Beta
- 0.53
- R²
- 0.63
- Upside Capture
- 66.04%
- Downside Capture
- 71.58%
Expense Ratio
PALDX has an expense ratio of 0.03%, which is considered low.
Return for Risk
Risk / Return Rank
PALDX ranks 81 for risk / return — in the top 81% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PGIM 60/40 Allocation Fund (PALDX) and compare them to S&P 500 Index.
| PALDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.36 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 2.69 | +0.77 |
| Martin ratioReturn relative to average drawdown | 16.38 | 12.34 | +4.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
PGIM 60/40 Allocation Fund provided a 5.03% dividend yield over the last twelve months, with an annual payout of $0.76 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.76 | $0.76 | $1.36 | $0.36 | $0.65 | $0.91 | $0.31 | $0.52 | $0.35 | $0.15 |
Dividend yield | 5.03% | 5.42% | 10.40% | 2.94% | 6.19% | 6.87% | 2.58% | 4.58% | 3.65% | 1.48% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM 60/40 Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.76 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.36 | $1.36 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 | $0.65 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.91 | $0.91 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM 60/40 Allocation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PGIM 60/40 Allocation Fund was 26.16%, occurring on Mar 23, 2020. Recovery took 95 trading sessions.
The current PGIM 60/40 Allocation Fund drawdown is 0.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -26.16%Mar 2020 | 1mo 9d | 4mo 16d | 5mo 25dFeb 2020 - Aug 2020 |
Bear market2022 | -20.47%Oct 2022 | 9mo 20d | 1y 2mo | 1y 12moDec 2021 - Dec 2023 |
2025 selloff2025 | -16.06%Apr 2025 | 3mo 16d | 4mo 6d | 7mo 22dDec 2024 - Aug 2025 |
Rate-hike selloffLate 2018 | -12.57%Dec 2018 | 3mo 26d | 3mo 8d | 7mo 4dAug 2018 - Apr 2019 |
2018 pullback2018 | -6.90%Feb 2018 | 10d | 6mo 13d | 6mo 23dJan 2018 - Aug 2018 |
Drawdown Indicators
| PALDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.16% | -56.78% | +30.62% |
Max Drawdown (1Y)Largest decline over 1 year | -5.96% | -9.10% | +3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -16.06% | -18.90% | +2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -20.47% | -25.43% | +4.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.20% | -2.97% | +2.77% |
Average DrawdownAverage peak-to-trough decline | -4.08% | -10.72% | +6.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.97% | -0.72% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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