Skip to main content
PGIM InvestmentsPGIM Investments
    • Mutual Funds
    • Target Date Funds
    • Closed End Funds
    • Separately Managed Accounts
    • ETFs
    • Buffer ETFs
    • Alternatives
    • Retirement Spending
    • Thought Leadership
    • Events and Webinars
    • On the Markets
    • Investment Themes
  • Overview
    • Forms
    • Tax Center
    • Corporate Actions
    • Open Mutual Funds Account
    • Overview
    • DCIO Mutual Funds
    • DCIO Target Date Funds
    • Defined Contribution Insights
    • Retirement Spending
  • Overview
    • Newsroom
    • PGIM Custom Harvest
    • PGIM Fixed Income
    • PGIM Real Estate
    • PGIM Quantitative Solutions
    • Jennison Associates
  • Contact
  • factsheet pdfFact Sheet Opens in a new window
  • factsheet pdfFund CommentaryOpens in a new window

PGIM Quant Solutions Mid-Cap Value FundPGIMQuantSolutionsMid-CapValueFund

Quant Solutions Mid-Cap Value

NAV as of 5/20/2025

$ 24.85(Loss $ -0.06)1-Day
Change

(Z class)

NAV Total Return as of 5/20/2025

YTD: 0.65%

(Z class)

  • Overview
  • Performance
  • Portfolio
  • Management
  • Literature

A: SPRAX C: NCBVX R: SDVRX R2: PMVEX R4: PMVFX R6: PMVQX Z: SPVZX

Barron’s Best Fund Families: Ranked #4 for best fund family over the 1-year period ended 12/31/2024, among 48 qualifying fund families based on asset-weighted returns.

Barron's Award Information

Objective

Seeks long-term growth by investing in stocks of mid-cap companies that may be underpriced by the market. This Fund may be for those looking for more diversification and to gain exposure to mid-sized company stocks with the potential for growth.

Objective

Seeks long-term growth by investing in stocks of mid-cap companies that may be underpriced by the market. This Fund may be for those looking for more diversification and to gain exposure to mid-sized company stocks with the potential for growth.

Show Less

  • Fact Sheet Opens in a new window
  •   
  • Fund Commentary Opens in a new window

Growth of $10,000

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. This chart represents historical performance and does not assume the effects of sales charges or varying fees and expenses of other share classes. If shown with sales charges or these other fees and expenses, performance could have been lower. It is not possible to invest directly in an index. Click here to view benchmark index definitions Opens in a new window.

Fund Information

Style: Mid Value
Total Net Assets: $152 Million


  •  Dividends: Paid annually, if any.
  •  Cap. Gains: Paid annually, if any.
  •  Calendar Year Performance


Fund Statistics as of 4/30/2025

Average Weighted Market Cap ($mil)

—

P/E (Price/Earnings) Ratio

—

R-Squared

—

Standard Deviation (3 year)

—

Turnover Ratio (12-month %)

—


Prospectus & Shareholder Reports
  •  Summary Prospectus Opens in a new window
  •  Prospectus Opens in a new window
  •  Annual Report Opens in a new window
  •  Semi Annual Report Opens in a new window
  •  SAI Opens in a new window
  •  Financial Statements and Other Information - Annual Opens in a new window
  •  Financial Statements and Other Information - Semiannual


Portfolio Attributes as of 4/30/2025
Largest Holdings (% of Assets)
Largest Holdings (% of Assets) table
Exelon1.3 %
Charter Communications1.2 %
Cognizant Technology Solutions1.1 %
Simon Property1.0 %
Cummins1.0 %
VeriSign1.0 %
Consolidated Edison1.0 %
Centene1.0 %
Zoom Communications, Inc. Class A1.0 %
VICI Properties Inc1.0 %
Top Ten (of 246) 10.6 %

Sector (vs Benchmark)
Sector (vs Benchmark) table
SectorFund (% of Assets)Overweight Underweight
Financials18.7 %0.6
Information Technology12.5 %3.6
Industrials12.3 %-4.2
Healthcare11.9 %4.0
Utilities10.2 %2.3
Consumer Staples8.1 %2.0
Consumer Discretionary7.9 %-0.8
Real Estate6.1 %-4.0
Communication Services4.8 %1.3
Materials3.6 %-3.0
Energy3.1 %-2.5
Other0.4 %
Cash/Equiv0.2 %

All data is unaudited and subject to change. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Largest holdings excludes cash, cash equivalents, money market funds and enhanced cash strategies. Totals may not sum due to rounding.


Barron’s Information: PGIM Investments ranked 4 out of 48, 8 out of 47, 12 out of 46 firms for the 1-, 5-, and 10-year periods ended 12/31/2024, respectively. PGIM Quant Solutions Mid-Cap Value (Class Z) Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 12/31/2024 for the Small-Cap Core Funds category were: 52/159, 97/146, 98/139, and 103/108, respectively. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund’s respective Lipper category. 
Class Z Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 3/31/2025: 104/151, 122/144, 23/134, and 99/103, respectively. Past Performance is no guarantee of future results.
Used with permission. © 2025 Dow Jones & Company, Inc. Source: Barron’s, Feb. 27, 2025. Barron’s rankings are based on asset-weighted returns in funds in five categories: U.S. Equity; World Equity; Mixed Asset; Taxable Bond; and Tax-Exempt (each a “Barron’s ranking category”). Rankings also take into account an individual fund’s performance within its Lipper peer universe. Lipper calculated each fund’s net total return for the year ended Dec. 31, 2024, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking, with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer “universe,” as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2024 weighting of their Barron’s ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron’s ranking category. To qualify for the ranking, firms must offer at least three active mutual funds or actively run ETFs in Lipper’s general U.S. Stock category; one in World Equity; and one Mixed Asset. They also need to offer at least two taxable bond funds and one national tax-exempt bond fund. All funds must have a track record of at least one year.
Risks of investing in the fund include but are not limited to the following: Mid-cap investments may be subject to more erratic market movements than large-cap stocks. Equity and equity-related securities may be subject to changes in value, and their values may be more volatile than those of other asset classes. Value style investing may be out of favor for long periods of time, and the market may not recognize a security's intrinsic value for a long time or at all. The Fund is subject to the risk that the design of the subadviser’s quantitative models may be flawed or incomplete, and the risk of error in the implementation of the models. Real estate companies and Real estate investment trusts (REITS) may be leveraged, which increases risk. REIT performance depends on the strength of the real estate markets, REIT management and property management which can be affected by many factors, including national and regional economic conditions. There is no guarantee the Fund's objective will be achieved. Risks are more fully explained in the fund's prospectus.
  • Monthly & Quarterly Performance
  • Prices & Yields

Total Returns (%) as of 3/31/2025

SALES CHARGE
ONOFF
RETURNS
MONTHLYQUARTERLY
Average Returns table
Total Returns (%)
(with sales charge)
CumulativeAverage Annual
ClassTicker YTD1-Year3-Year5-Year10-YearSince Inception
ASPRAX—-6.250.1218.184.317.09
4/12/2004
CNCBVX—-2.601.1918.554.087.73
8/19/1998
RSDVRX—-1.131.7019.134.604.72
12/22/2014
R2PMVEX—-0.891.9419.41—3.55
12/28/2017
R4PMVFX—-0.682.1719.69—3.80
12/28/2017
R6PMVQX—-0.402.4520.005.338.18
1/18/2011
ZSPVZX—-0.552.2819.855.187.06
11/29/2005
Russell Midcap Value Index-2.112.273.7816.707.628.35
11/30/2005

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.


See Daily Returns for the PGIM Quant Solutions Mid-Cap Value Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Quant Solutions Mid-Cap Value Fund.

Fund Expenses Table Header
Class
A
C
R
R2
R4
R6
Z
Fund Expenses Table
Fund ExpensesMaximum Sales Charges (%)
ClassGross (%)Net (%)Date*
A1.321.132/28/20265.5
C2.811.952/28/20261.0
R5.931.452/28/2026—
R225.081.232/28/2026—
R42.280.982/28/2026—
R60.880.732/28/2026—
Z1.000.892/28/2026—

Footnote

*This date represents the contractual reduction date through which the net expense ratio is in effect.

See Sales Load Break points.Opens in a new window

Total return describes the return to the investor after net operating expenses but before any sales charges are imposed. Lipper average is unmanaged, is based on the average return of all funds in this category, and does not take into consideration applicable sales charges. Unless noted otherwise, Lipper averages and index returns reflect performance beginning the closest month-end date to the Fund's inception. Benchmark since inception average is based on Class Z inception date. SEC standardized return describes the return to the investor after net operating expense and maximum sales charges are imposed. All returns assume share price changes as well as the compounding effect of reinvested dividends and capital gains. Returns may reflect fee waivers and/or expense reimbursements. Without such, returns would be lower. All returns 1-year or less are cumulative.

Morningstar Mid-Cap Value Category Average: Some mid-cap value portfolios focus on medium-size companies while others land here because they own a mix of small-, mid-, and large-cap stocks. All look for U.S. stocks that are less expensive or growing more slowly than the market. Stocks in the middle 20% of the capitalization of the U.S. equity market are defined as mid-cap. Value is defined based on low valuations (low price ratios and high dividend yields) and slow growth (low growth rates for earnings, sales, book value, and cash flow).

Russell Midcap® Value Index is unmanaged and measures the performance of those Russell Midcap companies with lower price-to-book ratios and lower forecasted growth values. The index and Russell are trademarks of the Frank Russell Company.

An investment cannot be made directly in an index or average. All indexes and averages are unmanaged.

  • Portfolio Summary
  • Complete Holdings
  • Portfolio
    • Portfolio Summary
    • Complete Holdings

Portfolio Attributes as of 4/30/2025

Largest Holdings (% of Assets)

Portfolio Attributes Table
Exelon1.3 %
Charter Communications1.2 %
Cognizant Technology Solutions1.1 %
Simon Property1.0 %
Cummins1.0 %
VeriSign1.0 %
Consolidated Edison1.0 %
Centene1.0 %
Zoom Communications, Inc. Class A1.0 %
VICI Properties Inc1.0 %
Top Ten (of 246)10.6 %

Sector (vs Benchmark)

Portfolio Attributes Table
SectorFund (% of Assets)Overweight Underweight
Financials18.7 %0.6
Information Technology12.5 %3.6
Industrials12.3 %-4.2
Healthcare11.9 %4.0
Utilities10.2 %2.3
Consumer Staples8.1 %2.0
Consumer Discretionary7.9 %-0.8
Real Estate6.1 %-4.0
Communication Services4.8 %1.3
Materials3.6 %-3.0
Energy3.1 %-2.5
Other0.4 %—
Cash/Equiv0.2 %—

Largest Industries (% of Assets)

Portfolio Attributes Table
Insurance9.5 %
Electric Utilities4.1 %
Machinery4.1 %
IT Services3.9 %
Media3.5 %

FUND STATISTICS  as of 4/30/2025

Portfolio Attributes Table
Average Weighted Market Cap ($mil)—
P/E (Price/Earnings) Ratio —
R-Squared—
Standard Deviation (3 year)—
Turnover Ratio (12-month %)—

All data is unaudited and subject to change. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Largest holdings excludes cash, cash equivalents, money market funds and enhanced cash strategies. Totals may not sum due to rounding.

About

The PGIM Quant Solutions Mid-Cap Value Fund is co-managed by Stacie Mintz and Stephen Courtney who are members of PGIM Quantitative Solutions. Since 1975, PGIM Quantitative Solutions targets superior risk-adjusted returns by combining research-driven quantitative processes built on economic and behavioral foundations with judgment from experienced market practitioners.

View Bio
Stacie Mintz Bio
Stacie L. Mintz, CFA

is a Managing Director and Head of Quantitative Equity for PGIM Quantitative Solutions.

View Bio

View Bio
Stephen Courtney Bio
Stephen Courtney

is a Managing Director and Portfolio Manager for PGIM Quantitative Solutions working within the Quantitative Equity team.

View Bio

Average weighted market capitalization is the average market capitalization of stocks in a fund, each weighted by its proportion of assets. The P/E ratio (Source: Morningstar, Inc.) relates the price of a stock to the per-share earnings of the company. P/E is calculated using a harmonic weighted average, which excludes outliers that can easily skew results. R-Squared is a measure of how much of a portfolio’s performance can be explained by the returns from the overall market (or a benchmark index). If a portfolio’s total return precisely matched that of the overall market or benchmark, its R-squared would be 1.00. If a portfolio’s return bore no relationship to the market’s returns, its R-squared would be 0. R-squared is calculated based on the date that PGIM Quantitative Solutions took over management of the Fund (1/31/07). Standard deviation depicts how widely returns vary around its average and is used to understand the range of returns most likely for a given fund. A higher standard deviation generally implies greater volatility. Turnover Ratio is the rate of trading in a portfolio, higher values imply more frequent trading. An investment cannot be made directly in an index. Due to data availability, statistics may not be as of the current reporting period.

Enhanced cash strategies are variations on traditional money market vehicles. They are designed to provide liquidity and principal preservation, but with more of an
emphasis on seeking returns that are superior to those of traditional money market offerings.

Source: Benchmarks - Lipper Inc.; Statistics - Morningstar Inc.; Sector classification - S&P/MSCI. All other data from PGIM, Inc. (PGIM).

© 2025 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results.

Class R shares are closed to new investors. Class R2 shares and Class R4 shares are only offered for sale to group retirement plans available through a retirement recordkeeper or third party administrator. Class R6 and Z shares may be available to group retirement plans and institutional investors through certain retirement, mutual fund wrap and asset allocation programs. They may also be available to institutional investors. Class Z shares may be available through fee- or commission-based retail brokerage programs of certain financial intermediaries. Class A, C, and Z shares are generally closed to new retirement plans. Please see the prospectus for additional information about fees, expenses, and investor eligibility.

Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.

Investment products are distributed by Prudential Investment Management Services LLC, member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. PGIM Quantitative Solutions is the primary business name of PGIM Quantitative Solutions LLC, a registered investment advisor. All are Prudential Financial affiliates. © 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, PGIM Quantitative Solutions, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional.

INVESTMENT PRODUCTS | Are not insured by the FDIC or any federal government agency | May lose value | Are not a deposit of or guaranteed by any bank or any bank affiliate.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

For Compliance Use Only:4345013    Ed. 03/2025

 
  • About Us

    • Overview
    • Newsroom
    • PGIM Fixed Income
    • PGIM Real Estate
    • Jennison Associates
    • PGIM Quantitative Solutions
    • Contact
  • Products

    • Mutual Funds
    • ETFs
    • Buffer ETFs
    • Target Date Funds
    • Closed End Funds
    • Separately Managed Accounts
    • Retirement Spending Funds
  • Insights

    • Thought Leadership
    • On the Markets
    • Investment Themes
  • Resources

    • Overview
    • Forms
    • Tax Center
    • Careers
  • Retirement

    • Overview
    • DCIO Investments
    • Meet the Team
PGIM Investments
  • Terms & Conditions
  • Privacy Policy
  • Accessibility
  • Cookie Preference Center

Proxy Voting Recordsopens in a new window | Audit Committee Charter | Audit Committee Charter (Alternatives)opens in a new window | Directors/Trusteesopens in a new window | Disclosure of Portfolio Holdings | Form 5500 | Nominating & Governance Committee Charter | Nominating & Governance Committee Charter (Alternatives)opens in a new window | Compliance Committee Charteropens in a new window | Sales Load Breakpoints | Customer Loginopens in a new window | Careersopens in a new window

This site is intended for U.S. investors only.  All investments involve risk, including loss of principal.

PGIM, the principal investment management business of Prudential Financial, Inc. (PFI), is comprised of several business units, including PGIM Investments.   PGIM Investments, a subsidiary of PFI, is an investment adviser and the investment manager to all PGIM US open-end investment companies and manager or administrator to closed-end investment companies. Other PGIM businesses that may sub-advise certain PGIM Investments open and closed-end investment companies include:  PGIM Real Estate, Jennison Associates, PGIM Quantitative Solutions LLC, PGIM Limited, and PGIM Fixed Income. Investment products are distributed by Prudential Investment Management Services LLC,  member FINRAopens in a new window, SIPCopens in a new window and affiliate of PGIM Investments.   Any content relating to securities is the sole responsibility of PIMS, unless otherwise noted.  Check the background of this firm on FINRA’s BrokerCheckopens in a new window.

By accessing links on this web site, you may be leaving PGIM Investments and PIMS and be directed to PGIM Affiliate sites.

Separately managed accounts are offered through PGIM, Inc., Jennison Associates, PGIM Custom Harvest, and PGIM Quantitative Solutions LLC.

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional.

© 2025 Prudential Financial, Inc. and its related entities. Jennison Associates, PGIM Real Estate, PGIM Custom Harvest, PGIM, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

 

INVESTMENT PRODUCTS: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED

 

3972195

 

PGIM Investments
PGIM Investments

You are viewing this page in preview mode.

Edit Page