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Trending ETFs

PGIM QUANT SOLUTIONS MID-CAP VALUE FUND

mutual fund
SPVZX
Payout Change
Pending
Price as of:
$23.15 -0.26 -1.11%
primary theme
U.S. Mid-Cap Value Equity
SPVZX (Mutual Fund)

PGIM QUANT SOLUTIONS MID-CAP VALUE FUND

Payout Change
Pending
Price as of:
$23.15 -0.26 -1.11%
primary theme
U.S. Mid-Cap Value Equity
SPVZX (Mutual Fund)

PGIM QUANT SOLUTIONS MID-CAP VALUE FUND

Payout Change
Pending
Price as of:
$23.15 -0.26 -1.11%
primary theme
U.S. Mid-Cap Value Equity

Name

As of 06/14/2024

Price

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

$23.15

$186 M

2.04%

$0.47

0.99%

Vitals

YTD Return

3.0%

1 yr return

12.8%

3 Yr Avg Return

3.0%

5 Yr Avg Return

7.5%

Net Assets

$186 M

Holdings in Top 10

10.8%

52 WEEK LOW AND HIGH

$23.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.99%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 81.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

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

$23.15

$186 M

2.04%

$0.47

0.99%

SPVZX - Profile

Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return 3.0%
  • 5 Yr Annualized Total Return 7.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.37%
DIVIDENDS
  • Dividend Yield 2.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    PGIM QUANT SOLUTIONS MID-CAP VALUE FUND
  • Fund Family Name
    Prudential
  • Inception Date
    Jan 23, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Z
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mitchell Stern

Fund Description

The Fund is managed with the goal of outperforming the long-term returns of the Russell Midcap Value Index. The Fund normally invests at least 80% of its investable assets in equity and equity-related securities of mid-cap companies. Equity and equity-related securities include common and preferred stock, ETFs, securities convertible into common stock, securities having common stock characteristics, and other instruments whose value is based on common stock, such as rights, warrants, or options to purchase common stock. The subadviser considers mid-cap companies to be companies with market capitalizations within the market cap range of companies included in the Russell Midcap Index (measured at the time of purchase). The market capitalization within the range will vary, but as of October 31, 2023, the median capitalization was $8.65 billion and the largest capitalization was $52.58 billion. The term “investable assets” refers to the Fund’s net assets plus any borrowings for investment purposes. 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 subadviser employs a quantitatively driven, bottom-up investment process. The Fund invests in a diversified portfolio of mid-cap company stocks that the subadviser believes are attractively priced when evaluated using quantitative measures such as price-to-earnings, price-to-cash flow, and price-to-book ratios. Although the strategy emphasizes attractive valuations, the subadviser also considers other quantifiable characteristics of a company. Such characteristics may include, among others, measures of earnings quality, external financing, and trends in the earnings outlook. The emphasis placed on valuation and other factors may vary over time and with market conditions. Quantitative techniques also guide portfolio construction. To manage risk, the subadviser utilizes internal guidelines to limit certain exposures such as the proportion of assets invested in an individual stock or industry. Although the strategy is primarily quantitative, the portfolio management team also exercises judgment when evaluating underlying data and positions recommended by its quantitative models. Most of the Fund’s assets will typically be invested in U.S. equity and equity-related securities, including up to 25% of its total assets in real estate investment trusts (“REITs”).
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SPVZX - Performance

Return Ranking - Trailing

Period SPVZX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -5.9% 11.2% 52.04%
1 Yr 12.8% -11.7% 30.4% 45.78%
3 Yr 3.0%* -5.1% 13.8% 73.20%
5 Yr 7.5%* -0.5% 16.9% 73.79%
10 Yr 5.6%* 0.3% 11.3% 88.42%

* Annualized

Return Ranking - Calendar

Period SPVZX Return Category Return Low Category Return High Rank in Category (%)
2023 9.3% -11.3% 33.3% 43.99%
2022 -10.9% -41.6% 2.3% 30.11%
2021 32.6% -41.5% 44.9% 4.99%
2020 -8.1% -29.0% 22.1% 94.65%
2019 17.1% -8.1% 31.2% 77.62%

Total Return Ranking - Trailing

Period SPVZX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -5.9% 11.2% 52.04%
1 Yr 12.8% -11.7% 30.4% 45.78%
3 Yr 3.0%* -5.1% 13.8% 73.20%
5 Yr 7.5%* -0.5% 16.9% 73.79%
10 Yr 5.6%* 0.3% 11.3% 88.42%

* Annualized

Total Return Ranking - Calendar

Period SPVZX Return Category Return Low Category Return High Rank in Category (%)
2023 11.6% -3.7% 36.5% 55.19%
2022 -9.2% -35.0% 2.4% 64.36%
2021 34.6% 6.2% 48.3% 9.14%
2020 -6.2% -22.9% 23.2% 96.34%
2019 20.1% -3.0% 35.7% 90.70%

NAV & Total Return History


SPVZX - Holdings

Concentration Analysis

SPVZX Category Low Category High SPVZX % Rank
Net Assets 186 M 991 K 28 B 78.20%
Number of Holdings 270 8 2449 11.17%
Net Assets in Top 10 19.7 M 250 K 4.28 B 86.92%
Weighting of Top 10 10.78% 5.0% 100.2% 95.10%

Top 10 Holdings

  1. PGIM Institutional Money Market Fund - D 1.49%
  2. Nucor Corp 1.19%
  3. Phillips 66 1.16%
  4. Bank of New York Mellon Corp/The 1.13%
  5. DR Horton Inc 1.11%
  6. Lennar Corp 1.06%
  7. Fidelity National Information Services Inc 0.97%
  8. Kroger Co/The 0.92%
  9. Global Payments Inc 0.89%
  10. Delta Air Lines Inc 0.85%

Asset Allocation

Weighting Return Low Return High SPVZX % Rank
Stocks
99.77% 52.93% 102.65% 9.26%
Cash
1.49% 0.00% 43.04% 44.69%
Preferred Stocks
0.00% 0.00% 5.43% 32.43%
Other
0.00% -0.03% 7.03% 48.77%
Convertible Bonds
0.00% 0.00% 0.02% 26.85%
Bonds
0.00% 0.00% 27.39% 30.25%

Stock Sector Breakdown

Weighting Return Low Return High SPVZX % Rank
Financial Services
23.76% 0.00% 60.11% 9.86%
Real Estate
11.36% 0.00% 40.74% 16.16%
Consumer Cyclical
10.94% 0.00% 29.62% 51.51%
Basic Materials
9.73% 0.00% 23.88% 5.21%
Utilities
8.50% 0.00% 24.69% 21.92%
Energy
8.45% 0.00% 29.17% 26.58%
Technology
6.61% 0.00% 30.07% 85.48%
Industrials
6.39% 0.00% 29.02% 92.60%
Healthcare
5.08% 0.00% 32.47% 87.12%
Communication Services
4.63% 0.00% 19.80% 24.66%
Consumer Defense
4.56% 0.00% 33.79% 70.14%

Stock Geographic Breakdown

Weighting Return Low Return High SPVZX % Rank
US
99.77% 52.93% 102.65% 7.36%
Non US
0.00% 0.00% 34.45% 46.32%

SPVZX - Expenses

Operational Fees

SPVZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.99% 0.01% 16.92% 51.50%
Management Fee 0.73% 0.00% 1.20% 58.31%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

SPVZX 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% 4.00% N/A

Trading Fees

SPVZX 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.

SPVZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 81.00% 0.00% 227.00% 86.27%

SPVZX - Distributions

Dividend Yield Analysis

SPVZX Category Low Category High SPVZX % Rank
Dividend Yield 2.04% 0.00% 22.79% 41.53%

Dividend Distribution Analysis

SPVZX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

SPVZX Category Low Category High SPVZX % Rank
Net Income Ratio 1.37% -1.84% 4.73% 16.21%

Capital Gain Distribution Analysis

SPVZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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SPVZX - Fund Manager Analysis

Managers

Mitchell Stern


Start Date

Tenure

Tenure Rank

Apr 25, 2014

8.1

8.1%

Mitchell Stern, PhD, is a Managing Director for QMA working within the Quantitative Equity team, where he serves as both a Senior Portfolio Manager and Co-Head of the Value strategies. In this capacity he is responsible for portfolio management, analysis and research for the Value strategies. Prior to joining QMA, he was the Lead Researcher for Dreman Value Management. Mitch was also an Assistant Professor of Finance at the University of Tennessee and Fairfield University. Mitch earned a BA in Economics from Brandeis University and an MA and a PhD in Economics from the University of Virginia.

Stephen Courtney


Start Date

Tenure

Tenure Rank

Apr 25, 2014

8.1

8.1%

Stephen Courtney is a Managing Director for QMA working within the Quantitative Equity team, where he serves as both a Senior Portfolio Manager and Co-Head of the Value strategies. In this capacity, he is responsible for portfolio management, analysis and research for the Value strategies. Prior to joining QMA, Stephen was a Director at ClearBridge Investments and its predecessor organizations, where he served as a research analyst and portfolio manager for 26 years. He earned a BA in Political Science from Boston College. He is also a member of the CFA Institute and the New York Society of Security Analysts.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.59 8.2 10.92