PGIM 60/40 Allocation Fund (PALDX)
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."
Fund Info
| ISIN | US74440V7249 |
|---|---|
| Issuer | PGIM Funds (Prudential) |
| Inception Date | Sep 12, 2017 |
| Category | Diversified Portfolio |
| Min. Investment | $0 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
PALDX has an expense ratio of 0.03%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PALDX vs. VBIAX, PALDX vs. VOO, PALDX vs. VONG
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PGIM 60/40 Allocation Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PGIM 60/40 Allocation Fund had a return of 14.16% year-to-date (YTD) and 22.46% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 14.16% | 17.79% |
| 1 month | 0.65% | 0.18% |
| 6 months | 7.19% | 7.53% |
| 1 year | 22.46% | 26.42% |
| 5 years (annualized) | 9.27% | 13.48% |
| 10 years (annualized) | N/A | 10.85% |
Monthly Returns
The table below presents the monthly returns of PALDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.40% | 3.17% | 2.68% | -3.52% | 3.10% | 3.24% | 1.57% | 1.76% | 14.16% | ||||
| 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% | 0.57% | 2.94% | 3.41% | 1.00% | 1.37% | 1.87% | 1.55% | -3.19% | 3.74% | -0.51% | 2.72% | 16.30% |
| 2020 | 0.44% | -4.94% | -11.22% | 9.09% | 4.02% | 2.21% | 3.87% | 3.47% | -2.60% | -1.89% | 7.02% | 2.43% | 10.68% |
| 2019 | 5.90% | 1.76% | 1.63% | 2.46% | -2.86% | 4.37% | 0.91% | -0.54% | 1.18% | 1.52% | 2.47% | 1.74% | 22.27% |
| 2018 | 2.78% | -2.98% | -0.86% | 0.00% | 2.03% | -0.00% | 2.28% | 2.04% | -0.09% | -4.83% | 1.15% | -5.30% | -4.12% |
| 2017 | 0.90% | 1.59% | 1.95% | 1.38% | 5.95% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PALDX is 84, placing it in the top 16% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM 60/40 Allocation Fund (PALDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PGIM 60/40 Allocation Fund granted a 2.58% dividend yield in the last twelve months. The annual payout for that period amounted to $0.36 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.36 | $0.65 | $0.91 | $0.31 | $0.52 | $0.35 | $0.15 |
Dividend yield | 2.58% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 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 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.52 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2017 | $0.15 | $0.15 |
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.
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 0.29%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.16% | Feb 20, 2020 | 23 | Mar 23, 2020 | 95 | Aug 6, 2020 | 118 |
| -20.47% | Dec 28, 2021 | 202 | Oct 14, 2022 | 301 | Dec 27, 2023 | 503 |
| -12.57% | Aug 30, 2018 | 80 | Dec 24, 2018 | 66 | Apr 1, 2019 | 146 |
| -6.9% | Jan 29, 2018 | 9 | Feb 8, 2018 | 133 | Aug 20, 2018 | 142 |
| -6.19% | Sep 3, 2020 | 14 | Sep 23, 2020 | 38 | Nov 16, 2020 | 52 |
Volatility
Volatility Chart
The current PGIM 60/40 Allocation Fund volatility is 2.37%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.