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Morningstar

PGIM Quant Solutions Mid-Cap Val C NCBVX

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 17.12  /  0.77 %
  • Total Assets 174.5 Mil
  • Adj. Expense Ratio
    1.950%
  • Expense Ratio 1.950%
  • Distribution Fee Level Above Average
  • Share Class Type Level Load
  • Category Mid-Cap Value
  • Investment Style Mid Value
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.15%
  • Turnover 67%

USD | NAV as of Nov 30, 2023 | 1-Day Return as of Nov 30, 2023, 11:18 PM GMT+0

Morningstar’s Analysis NCBVX

Will NCBVX 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 NCBVX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the NCBVX 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 NCBVX’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 NCBVX

More NCBVX Holdings
  • Current Portfolio Date
  • Equity Holdings 248
  • Bond Holdings 0
  • Other Holdings 3
  • % Assets in Top 10 Holdings 9.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Nucor Corp

1.11
1,817,817
Basic Materials

Phillips 66

1.10
1,790,899
Energy

Bank of New York Mellon Corp

1.06
1,734,000
Financial Services

D.R. Horton Inc

1.03
1,680,840
Consumer Cyclical

Realty Income Corp

1.01
1,644,702
Real Estate

Lennar Corp Class A

0.98
1,606,921
Consumer Cyclical

VICI Properties Inc Ordinary Shares

0.95
1,556,820
Real Estate

Fidelity National Information Services Inc

0.90
1,478,211
Technology

LyondellBasell Industries NV Class A

0.89
1,452,864
Basic Materials

State Street Corporation

0.87
1,421,860
Financial Services