Morningstar

PGIM Quant Solutions Mid-Cap Value Fund- Class A SPRAX

Morningstar Medalist Rating
Unlock
Medalist Rating as of See PGIM Investment Hub
  • NAV / 1-Day Return $34.25  /  −0.61 %
  • Fund Size $199.6M
  • Adjusted Expense Ratio 1.130%
  • Net Expense Ratio 1.130%
  • Fee Level: Distribution Average
  • Share Class Type Front Load
  • Morningstar Category Mid-Cap Value
  • Equity Style Box (Funds) Mid Value
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 0.94%
  • Turnover Ratio 111%
NAV and 1-Day Return as of

Morningstar’s Analysis SPRAX

Will SPRAX outperform in the 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.

Process changes are showing up.

Principal Jack Shannon

Jack Shannon

Principal

Summary

After long-run performance struggles, PGIM Quant Solutions Mid-Cap Value is settling in after adjusting some aspects of its quantitative investment process. These changes should result in tighter index-relative performance, but the team will still need to prove it can add value over passive options. For now, better alternatives are available for investors seeking mid-cap value exposure.

by Jack Shannon
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings SPRAX

More SPRAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Phillips 66

1.58 3M
Energy

Marathon Petroleum Corp

1.12 2M
Energy

Agilent Technologies Inc

1.11 2M
Healthcare

AMETEK Inc

1.08 2M
Industrials

Allstate Corp

1.05 2M
Financial Services

Illumina Inc

0.99 2M
Healthcare

Northern Trust Corp

0.99 2M
Financial Services

Hewlett Packard Enterprise Co

0.97 2M
Technology

NetApp Inc

0.96 2M
Technology

Ameriprise Financial Inc

0.96 2M
Financial Services

Sponsor Center