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Morningstar

PGIM Quant Solutions Mid-Cap Val R2 PMVEX

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 22.70  /  +0.18 %
  • Total Assets 181.6 Mil
  • Adj. Expense Ratio
    1.230%
  • Expense Ratio 1.230%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Medium
  • Category Mid-Cap Value
  • Investment Style Mid Value
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 1.63%
  • Turnover 70%

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis PMVEX

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

  • People Pillar

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

More PMVEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Phillips 66

1.16 2.3 Mil
Energy

Nucor Corp

1.14 2.2 Mil
Basic Materials

Lennar Corp Class A

1.08 2.1 Mil
Consumer Cyclical

Bank of New York Mellon Corp

1.08 2.1 Mil
Financial Services

The Kroger Co

0.99 1.9 Mil
Consumer Defensive

PACCAR Inc

0.98 1.9 Mil
Industrials

PulteGroup Inc

0.87 1.7 Mil
Consumer Cyclical

eBay Inc

0.85 1.7 Mil
Consumer Cyclical

LyondellBasell Industries NV Class A

0.85 1.7 Mil
Basic Materials

Fidelity National Information Services Inc

0.83 1.6 Mil
Technology