- ISIN
- US74445D3989
- Issuer
- PGIM
- Inception Date
- Dec 12, 2016
- Category
- Target Retirement Date
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PDIHX Performance Chart
Prudential Day One 2045 Fund (PDIHX) is up 11.2% since the beginning of the year. PDIHX is currently trading at $14 per share. Investors who bought $1,000 worth of PDIHX shares 5 years ago would now be looking at an investment worth $1,733.
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Returns By Period
Prudential Day One 2045 Fund (PDIHX) has returned 11.15% so far this year and 23.50% over the past 12 months.
Prudential Day One 2045 Fund
- 1D
- -0.07%
- 1M
- 1.40%
- YTD
- 11.15%
- 6M
- 10.47%
- 1Y
- 23.50%
- 3Y*
- 21.16%
- 5Y*
- 11.62%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
PDIHX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2017, PDIHX's average daily return is +0.05%, while the average monthly return is +1.03%. At this rate, an investment would double in approximately 5.6 years.
Historically, 71% of months were positive and 29% were negative. The best month was Dec 2024 with a return of +10.5%, while the worst month was Mar 2020 at -13.9%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PDIHX closed higher 51% of trading days. The best single day was Dec 23, 2021 with a return of +14.7%, while the worst single day was Dec 27, 2021 at -11.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.00% | 2.01% | -5.41% | 8.04% | 3.22% | 0.28% | 11.15% | ||||||
| 2025 | 2.86% | -0.17% | -2.79% | 0.09% | 4.26% | 3.67% | 0.40% | 2.88% | 2.57% | 1.44% | 0.67% | 0.63% | 17.57% |
| 2024 | -0.08% | 3.21% | 2.86% | -3.34% | 3.95% | 1.11% | 2.19% | 2.22% | 1.95% | -2.35% | 3.39% | 10.52% | 28.05% |
| 2023 | 6.67% | -2.95% | 1.75% | 0.90% | -1.61% | 5.10% | 3.12% | -2.27% | -3.78% | -2.86% | 7.73% | 2.76% | 14.60% |
| 2022 | -3.68% | -1.48% | 1.43% | -6.32% | 0.50% | -8.13% | 6.95% | -3.80% | -8.95% | 5.78% | 7.29% | -4.00% | -15.03% |
| 2021 | 0.16% | 2.80% | 3.11% | 4.04% | 1.48% | 0.70% | 1.11% | 1.85% | -3.56% | 4.24% | -2.20% | 4.16% | 19.03% |
Benchmark Metrics
Prudential Day One 2045 Fund has an annualized alpha of 3.22%, beta of 0.66, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since January 03, 2017.
- This fund participated in 77.66% of S&P 500 Index downside but only 76.73% of its upside - more exposed to losses than it benefited from rallies.
- This fund generated an annualized alpha of 3.22% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.66 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
- 3.22%
- Beta
- 0.66
- R²
- 0.56
- Upside Capture
- 76.73%
- Downside Capture
- 77.66%
Expense Ratio
PDIHX has an expense ratio of 0.08%, which is considered low.
Return for Risk
Risk / Return Rank
PDIHX ranks 69 for risk / return — better than 69% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Prudential Day One 2045 Fund (PDIHX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PDIHX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.32 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.46 | +0.56 |
| Martin ratioReturn relative to average drawdown | 13.39 | 10.92 | +2.47 |
Dividends
Dividend History
Prudential Day One 2045 Fund provided a 3.70% dividend yield over the last twelve months, with an annual payout of $0.54 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.54 | $0.54 | $3.22 | $0.19 | $0.81 | $1.92 | $0.26 | $0.64 | $0.61 | $0.25 |
Dividend yield | 3.70% | 4.12% | 27.95% | 1.57% | 7.68% | 14.45% | 2.04% | 5.42% | 6.13% | 2.18% |
Monthly Dividends
The table displays the monthly dividend distributions for Prudential Day One 2045 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 | $0.54 | $0.54 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.22 | $3.22 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.81 | $0.81 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.92 | $1.92 |
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 Prudential Day One 2045 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 Prudential Day One 2045 Fund was 32.31%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.
The current Prudential Day One 2045 Fund drawdown is 0.34%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -32.31%Mar 2020 | 1mo 9d | 5mo 13d | 6mo 22dFeb 2020 - Sep 2020 |
Bear market2022 | -31.03%Sep 2022 | 9mo 7d | 2y 2mo | 2y 11moDec 2021 - Dec 2024 |
Rate-hike selloffLate 2018 | -17.13%Dec 2018 | 10mo 29d | 6mo 11d | 1y 5moJan 2018 - Jul 2019 |
2025 selloff2025 | -13.53%Apr 2025 | 1mo 18d | 1mo 11d | 2mo 29dFeb 2025 - May 2025 |
2026 pullback2026 | -8.08%Mar 2026 | 1mo 2d | 16d | 1mo 18dFeb 2026 - Apr 2026 |
Drawdown Indicators
| PDIHX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.31% | -56.78% | +24.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.08% | -9.10% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -13.53% | -18.90% | +5.37% |
Max Drawdown (5Y)Largest decline over 5 years | -31.03% | -25.43% | -5.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.34% | -3.21% | +2.87% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -10.71% | +3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 2.04% | -0.22% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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