Morningstar

PGIM Quant Solutions Mid-Cap Val A SPRAX

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 25.11  /  +1.09 %
  • Total Assets 179.2 Mil
  • Adj. Expense Ratio
    1.130%
  • 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.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SPRAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SPRAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SPRAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An abrupt change merits a downgrade.

Senior Analyst Jack Shannon

Jack Shannon

Senior Analyst

Summary

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.

by Jack Shannon
Rated on Published on

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Portfolio Holdings SPRAX

More SPRAX Holdings
  • 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

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