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PGIM Quant Solutions Emerging Markets Equity Fund
mutual fund
PQEMX
Payout Change
Pending
Price as of:
$12.12
-0.31
-2.49%
primary theme
Emerging Markets Equity
share class
PQEMX (Mutual Fund)
PGIM Quant Solutions Emerging Markets Equity Fund
Payout Change
Pending
Price as of:
$12.12
-0.31
-2.49%
primary theme
Emerging Markets Equity
share class
PQEMX (Mutual Fund)
PGIM Quant Solutions Emerging Markets Equity Fund
Payout Change
Pending
Price as of:
$12.12
-0.31
-2.49%
primary theme
Emerging Markets Equity
share class
Name
As of 12/06/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
13.3%
1 yr return
19.4%
3 Yr Avg Return
2.7%
5 Yr Avg Return
4.9%
Net Assets
$42.5 M
Holdings in Top 10
28.1%
52 WEEK LOW AND HIGH
$12.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.60%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 108.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/06/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PQEMX - Profile
Distributions
- YTD Total Return 13.3%
- 3 Yr Annualized Total Return 2.7%
- 5 Yr Annualized Total Return 4.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.15%
- Dividend Yield 2.7%
- Dividend Distribution Frequency None
Fund Details
-
Legal NamePGIM Quant Solutions Emerging Markets Equity Fund
-
Fund Family NamePRUDENTIAL
-
Inception DateNov 29, 2016
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerWen Jin
Fund Description
The Fund seeks to achieve its investment objective by investing, under normal conditions, at least 80% of its investable assets (net assets plus any borrowings for investment purposes) in the equity and equity-related securities of companies located in or otherwise economically tied to emerging markets countries. The Fund’s investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions.The Fund defines emerging markets countries as countries that are classified by MSCI,Inc.(“MSCI”) as emerging markets. The Fund is not sponsored by or affiliated with MSCI.A company is considered to be an emerging market company if it satisfies at least one of the following criteria:◾its securities are traded principally on stock exchanges in one or more emerging market countries;◾it derives 50% or more of its total revenue from goods produced, sales made or services performed in one or more emerging market countries;◾it maintains 50% or more of its assets in one or more emerging market countries;◾it is organized under the laws of an emerging market country; or◾its principal executive office is located in an emerging market country.The Fund may invest in securities of issuers of any market capitalization. The Fund may invest a large portion of its assets in a single country or region.The Fund may invest in equity and equity-related securities (which include but are not limited to, common and preferred stock, exchange-traded funds (“ETFs”), securities convertible into common stock, structured securities including participation notes (“P-Notes”) and structured notes (“S-Notes”), depositary receipts, and other instruments whose value is based on common stock, such as rights and warrants) and derivatives.In determining which securities to buy and sell, the subadviser employs an active, bottom-up, systematic stock selection process based on fundamentals. At the core of the subadviser’s stock selection process is an adaptive model that evaluates stocks differently based on their growth expectations. The subadviser’s investment process allows it to focus on fundamental metrics of companies, including valuation, growth, financial momentum and quality. The subadviser evaluates all stocks in the emerging markets universe daily. The emerging markets universe refers to the MSCI Emerging Markets Index constituents (including American Depositary Receipts/Global Depositary Receipts whose underlyings are Index constituents) defined by MSCI.
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PQEMX - Performance
Return Ranking - Trailing
| Period | PQEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.3% | -11.8% | 38.6% | 15.41% |
| 1 Yr | 19.4% | -8.0% | 40.9% | 13.84% |
| 3 Yr | 2.7%* | -11.2% | 11.2% | 10.64% |
| 5 Yr | 4.9%* | -5.2% | 11.9% | 31.16% |
| 10 Yr | N/A* | -1.6% | 6.8% | N/A |
* Annualized
Return Ranking - Calendar
| Period | PQEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.7% | -6.5% | 35.5% | 37.64% |
| 2022 | -19.3% | -50.1% | -2.4% | 14.08% |
| 2021 | -4.2% | -33.1% | 22.5% | 41.77% |
| 2020 | 10.4% | -22.1% | 80.1% | 74.19% |
| 2019 | 12.8% | -0.7% | 42.0% | 84.37% |
Total Return Ranking - Trailing
| Period | PQEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.3% | -11.8% | 38.6% | 15.41% |
| 1 Yr | 19.4% | -8.0% | 40.9% | 13.84% |
| 3 Yr | 2.7%* | -11.2% | 11.2% | 10.64% |
| 5 Yr | 4.9%* | -5.2% | 11.9% | 31.16% |
| 10 Yr | N/A* | -1.6% | 6.8% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | PQEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.6% | -1.0% | 42.0% | 30.54% |
| 2022 | -16.0% | -42.2% | 1.9% | 13.20% |
| 2021 | -0.9% | -32.5% | 33.1% | 48.76% |
| 2020 | 12.0% | -20.0% | 81.6% | 75.32% |
| 2019 | 15.2% | 2.3% | 42.0% | 86.72% |
NAV & Total Return History
PQEMX - Holdings
Concentration Analysis
| PQEMX | Category Low | Category High | PQEMX % Rank | |
|---|---|---|---|---|
| Net Assets | 42.5 M | 682 K | 103 B | 85.96% |
| Number of Holdings | 305 | 2 | 7534 | 20.28% |
| Net Assets in Top 10 | 11.1 M | 290 K | 23.8 B | 87.52% |
| Weighting of Top 10 | 28.08% | 2.9% | 101.1% | 75.28% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 9.81%
- Tencent Holdings Ltd 4.03%
- Samsung Electronics Co Ltd 3.63%
- (PIPA070) PGIM Core Government Money Market Fund 2.53%
- PDD Holdings Inc 1.53%
- SK Hynix Inc 1.41%
- MediaTek Inc 1.35%
- Alibaba Group Holding Ltd 1.33%
- Tata Consultancy Services Ltd 1.26%
- Hon Hai Precision Industry Co Ltd 1.21%
Asset Allocation
| Weighting | Return Low | Return High | PQEMX % Rank | |
|---|---|---|---|---|
| Stocks | 93.92% | 0.00% | 103.28% | 81.56% |
| Preferred Stocks | 3.46% | 0.00% | 13.31% | 10.21% |
| Cash | 2.53% | -2.03% | 100.35% | 33.90% |
| Bonds | 0.18% | 0.00% | 95.13% | 9.65% |
| Other | 0.02% | -1.11% | 39.53% | 18.87% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 63.57% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PQEMX % Rank | |
|---|---|---|---|---|
| Technology | 22.41% | 0.00% | 47.50% | 47.41% |
| Financial Services | 20.86% | 0.00% | 48.86% | 57.33% |
| Consumer Cyclical | 12.49% | 0.00% | 48.94% | 41.95% |
| Basic Materials | 10.79% | 0.00% | 30.03% | 25.14% |
| Communication Services | 9.22% | 0.00% | 39.29% | 46.55% |
| Energy | 5.52% | 0.00% | 24.80% | 30.75% |
| Consumer Defense | 5.25% | 0.00% | 25.90% | 68.82% |
| Industrials | 4.81% | 0.00% | 43.53% | 70.55% |
| Real Estate | 3.06% | 0.00% | 17.15% | 17.53% |
| Healthcare | 2.85% | 0.00% | 16.53% | 68.97% |
| Utilities | 2.73% | 0.00% | 39.12% | 27.44% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PQEMX % Rank | |
|---|---|---|---|---|
| Non US | 87.76% | 0.00% | 100.52% | 43.69% |
| US | 6.16% | 0.00% | 100.95% | 65.53% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PQEMX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 2.53% | 0.00% | 100.35% | 26.95% |
| Derivative | 0.02% | -1.11% | 74.21% | 10.64% |
| Securitized | 0.00% | 0.00% | 23.79% | 63.19% |
| Corporate | 0.00% | 0.00% | 100.00% | 74.64% |
| Municipal | 0.00% | 0.00% | 0.32% | 63.19% |
| Government | 0.00% | 0.00% | 67.78% | 67.68% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PQEMX % Rank | |
|---|---|---|---|---|
| US | 0.18% | 0.00% | 88.30% | 9.65% |
| Non US | 0.00% | 0.00% | 64.37% | 64.54% |
PQEMX - Expenses
Operational Fees
| PQEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.60% | 0.03% | 29.98% | 33.43% |
| Management Fee | 0.75% | 0.00% | 2.00% | 29.69% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
| PQEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PQEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PQEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 108.00% | 0.00% | 189.00% | 89.34% |
PQEMX - Distributions
Dividend Yield Analysis
| PQEMX | Category Low | Category High | PQEMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.69% | 0.00% | 9.74% | 17.59% |
Dividend Distribution Analysis
| PQEMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| PQEMX | Category Low | Category High | PQEMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.15% | -1.98% | 17.62% | 14.73% |
Capital Gain Distribution Analysis
| PQEMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 06, 2024 | $0.326 | OrdinaryDividend |
| Dec 08, 2023 | $0.373 | OrdinaryDividend |
| Dec 09, 2022 | $0.409 | OrdinaryDividend |
| Dec 10, 2021 | $0.423 | OrdinaryDividend |
| Dec 11, 2020 | $0.180 | OrdinaryDividend |
| Dec 13, 2019 | $0.241 | OrdinaryDividend |
| Dec 13, 2018 | $0.105 | CapitalGainLongTerm |
| Dec 13, 2018 | $0.211 | OrdinaryDividend |
| Dec 18, 2017 | $0.139 | OrdinaryDividend |
| Dec 18, 2017 | $0.031 | ExtraDividend |
| Dec 18, 2017 | $0.690 | CapitalGainShortTerm |
| Dec 15, 2016 | $0.036 | OrdinaryDividend |
PQEMX - Fund Manager Analysis
Managers
Wen Jin
Start Date
Tenure
Tenure Rank
Nov 29, 2016
5.5
5.5%
Wen Jin, PhD, CFA, is a Managing Director and Portfolio Manager for QMA working within the Quantitative Equity team. In this capacity, he is responsible for portfolio management, analysis and research for the Non-US strategies. Prior to joining QMA, Wen was a Portfolio Manager and Head of Quantitative Strategy and Trading at Aristeia Capital Management, where he oversaw derivatives valuation, quantitative trading strategy development and portfolio management. Previously, Wen was a Senior Quantitative Strategist in the options trading group at Citadel Investment Group where he was responsible for the development of equity option arbitrage and volatility arbitrage strategies. Wen’s research has been published in the Journal of Accounting Research and Wall Street Horizon, among other leading publications. He earned a BS in Physics from University of Sciences and Technology of China, an MA and PhD in Physics from Columbia University. Wen holds the Chartered Financial Analyst (CFA) designation.
Stacie Mintz
Start Date
Tenure
Tenure Rank
Dec 15, 2020
1.46
1.5%
Stacie L. Mintz, CFA, is a Managing Director and Portfolio Manager for QMA working within the Quantitative Equity team. In this capacity, she manages US Core, Long Short and Market Neutral strategies, as well as overseeing the team responsible for implementation. Prior to her current role, Stacie was a member of the Global Multi-Asset Solutions team, where she was responsible for several retail and institutional portfolios. In addition, during that time, she was responsible for managing the overall asset allocation for the Prudential Pension Plan. She earned a BA in Economics from Rutgers University, an MBA in Finance from New York University and holds the Chartered Financial Analyst (CFA) designation.
Ken D'Souza
Start Date
Tenure
Tenure Rank
Dec 15, 2020
1.46
1.5%
Ken D'Souza, CFA, is a Vice President and Portfolio Manager for QMA working within the Quantitative Equity team. In this capacity, he is responsible for portfolio management, analysis and research. Prior to joining QMA, Ken managed emerging markets portfolios as a Quantitative Analyst at Batterymarch, and held various roles in engineering, management and product development at Shaw Industries Group, a subsidiary of Berkshire Hathaway. Ken earned a BS in chemical engineering from the Georgia Institute of Technology, an MS in both management science and engineering from Stanford University and an MBA from the University of Chicago. He has served on the Board of Directors of the CFA Society of Boston and is an officer and member of the Board of Directors of the Society of Quantitative Analysts.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.67 | 13.42 |
