A recent sudden change to PGIM Quant Solutions Mid Cap Value’s management team underscores turnover concerns within PGIM’s quant group, meriting a downgrade of its People Rating to Below Average from Average. This strategy’s quantitative-based approach targets sensible investment factors, but it has struggled to add value and better options exist for investors.
PGIM Quant Solutions Mid-Cap Val A SPRAX
- NAV / 1-Day Return 25.11 / +1.09 %
- Total Assets 181.0 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.130%
- Distribution Fee Level Below Average
- Share Class Type Front Load
- Category Mid-Cap Value
- Investment Style Mid Value
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 1.67%
- Turnover 70%
USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:29 PM GMT+0
Morningstar’s Analysis SPRAX
Will SPRAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 9.3
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Bank of New York Mellon Corp | 1.13 | 2.1 Mil | Financial Services |
Arch Capital Group Ltd | 1.03 | 1.9 Mil | Financial Services |
Centene Corp | 0.94 | 1.8 Mil | Healthcare |
Nucor Corp | 0.91 | 1.7 Mil | Basic Materials |
The Hartford Financial Services Group Inc | 0.91 | 1.7 Mil | Financial Services |
The Kroger Co | 0.90 | 1.7 Mil | Consumer Defensive |
Fifth Third Bancorp | 0.88 | 1.6 Mil | Financial Services |
First Citizens BancShares Inc Class A | 0.87 | 1.6 Mil | Financial Services |
Charter Communications Inc Class A | 0.86 | 1.6 Mil | Communication Services |
State Street Corp | 0.85 | 1.6 Mil | Financial Services |