PGIM Quant Solutions Commodity Strategies Fund (PQCZX)
$
)
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.
Seeks to generate returns over time in excess of the Bloomberg Commodity Index.
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.
FUND INFORMATION
Fund Statistics
|
Name
|
Weight
|
|---|---|
| Beta (3-year) | 0.28 |
| Standard Deviation (3-year) | 11.66 |
| Turnover Ratio (12-month %) | 0.00 |
Risks of investing in the fund include but are not limited to the following: Fixed Income investments are subject to credit, market, prepayment and interest rate risks, and their value will decline as interest rates rise. Investments in commodities may be speculative and more volatile than traditional securities and may be subject to counterparty risk. The Fund is deemed a commodity pool and compliance with certain commodity pool regulations may cause the Fund's expenses to increase. Trading in commodity forward contracts on foreign exchanges could exposed the Fund to increase risk.As a “fund of funds”, the fund is subject to the performance and risks of the underlying funds and their investments. The Fund's concentration in certain securities may cause the Fund to be adversely affected by the performance of those securities. The Fund may invest in a wholly-owned Cayman subsidiary. Changes in laws of the Cayman Islands may negatively impact the Fund's commodity investment strategy.As a non-diversified fund, the Fund may not be invested all sectors, so losses in one sector or security will have a greater impact on performance. Derivatives may carry market, credit and liquidity risks. U.S. Treasury Strips will fluctuate more in response to interest rates changes than traditional bonds, may lose value when rates rise, and do not make periodic interest payments. 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 (%)
| TOTAL RETURNS (%) WITH SALES CHARGE WITHOUT SALES CHARGE | |||||||
|---|---|---|---|---|---|---|---|
| Cumulative | Average Annual | ||||||
| Class | Ticker | YTD | 1-Yr | 3-Yr | 5-Yr | 10-Yr | Since Inception |
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 Commodity Strategies Fund.
See Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Quant Solutions Commodity Strategies Fund.
See Daily Returns for the PGIM Quant Solutions Commodity Strategies Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Quant Solutions Commodity Strategies Fund.
|
Fund Expenses
|
Maximum Sales Charge (%)
|
|||
|---|---|---|---|---|
|
Class
|
Gross (%)
|
Net (%)
|
Date*
|
|
| R6 | 0.81 | 0.70 | 11/30/2025 | — |
| Z | 5.23 | 0.70 | 11/30/2025 | — |
*This date represents the contractual reduction date through which the net expense ratio is in effect.
Total return describes the return to the investor after net operating expenses but before any sales charges are imposed. Morningstar Category 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, Morningstar Category Average and index returns reflect performance beginning the closest month-end date to the Fund's inception. Benchmark since inception average is based on R6 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 Commodities Broad Basket Category Average: Broad-basket portfolios can invest in a diversified basket of commodity goods including but not limited to grains, minerals, metals, livestock, cotton, oils, sugar, coffee, and cocoa. Investment can be made directly in physical assets or commodity-linked derivative instruments, such as commodity swap agreements.
Bloomberg Commodity Index is a broadly diversified futures index currently composed of futures contracts on 23 physical commodities. The Index is weighted among commodity sectors using dollar-adjusted liquidity and production data.
An investment cannot be made directly in an index or average. All indexes and averages are unmanaged.
Prices
|
Class
|
NAV ($)
|
NAV Change ($)
|
NAV Change (%)
|
POP ($)
|
Total Net Assets ($)
|
|---|---|---|---|---|---|
| R6 | 6.82 |
-0.02
|
-0.29 | — | 32,520,506.62 |
| Z | 6.84 |
-0.02
|
-0.29 | — | 12,661,126.85 |
NAV (Net Asset Value) is the $U.S. value of a single share of a fund, excluding any sales charges. Change shows the change in $U.S. value over the previous day:
= Gain, 
= Loss, 
= No Change.
See Prices of other PGIM Investments Mutual Funds.
52 Week High/Low
|
Class
|
52 Week High ($)
|
52 Week High Date
|
52 Week Low ($)
|
52 Week Low Date
|
|---|---|---|---|---|
| R6 | 7.24 | 06/18/2025 | 6.41 | 09/10/2024 |
| Z | 7.26 | 06/18/2025 | 6.43 | 09/10/2024 |
For share classes less than one year old, the 52-week high and 52-week low NAVs are calculated from inception to the current date.
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 material must be preceded or accompanied by a current prospectus or summary prospectus. 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.
- Portfolio Summary
- Complete Holdings
Portfolio Attributes
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.
Fund Holdings
Holdings are unaudited, may vary and are subject to change. Please refer to the Fund's annual report for audited holdings information. This is not a recommendation to buy or sell any security listed.
Mutual fund investing involves risk. Some mutual funds have more risk than others. The investment return and principal value will fluctuate and shares when sold may be worth more or less than the original cost and it is possible to lose money. There is no guarantee a Fund's objectives will be achieved. The risks associated with each fund are explained more fully in each fund's respective prospectus.
Shares of the funds are offered only to certain PGIM Investments funds.
Source: Bank of New York Mellon. Holdings are provided to Prudential Financial by the custodian bank and Prudential Financial is not responsible for any errors or omissions related to the holdings data.
© 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved.
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 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.
4072323 Ed. 12/2024
|
Security ID# (CUSIP/SEDOL)
|
Security Description
|
Ticker Symbol
|
Coupon Rate
|
Maturity Date
|
Shares/Notional
|
Value ($)
|
% of Portfolio
|
|---|---|---|---|---|---|---|---|
| 912797PZ4 | United States Treasury Bill | B | 4.22 | 07/08/2025 | 25,750,000.00 | 25,729,246.00 | 55.77 |
| 912797QJ9 | United States Treasury Bill | B | 4.36 | 08/12/2025 | 15,250,000.00 | 15,173,462.00 | 32.89 |
| 74440W862 | (pipa070) Pgim Core Government Money Mar | — | 4.42 | 12/01/2099 | 5,050,131.00 | 5,050,130.00 | 10.95 |
| CURRENCY | Currency | — | — | — | 277,038.00 | 277,038.00 | 0.60 |
| COU5 COMDT | Brent Crude Futr Sep25 | COU5 | — | 07/31/2025 | 3,070,040.00 | 255,603.00 | 0.55 |
| CLU5 COMDT | WTI Crude Future Sep25 | CLU5 | — | 08/20/2025 | 3,320,200.00 | 122,743.00 | 0.27 |
| HOU5 COMDT | NY Harb Ulsd Fut Sep25 | HOU5 | — | 08/29/2025 | 1,418,634.00 | 110,787.00 | 0.24 |
| QSU5 COMDT | LOW Su Gasoil G Sep25 | QSU5 | — | 09/11/2025 | 1,240,700.00 | 83,199.00 | 0.18 |
| BOZ5 COMDT | Soybean Oil Futr Dec25 | BOZ5 | — | 12/12/2025 | 727,950.00 | 69,207.00 | 0.15 |
| SIU5 COMDT | Silver Future Sep25 | SIU5 | — | 09/26/2025 | 2,532,040.00 | 36,670.00 | 0.08 |
| XBU5 COMDT | Gasoline Rbob Fut Sep25 | XBU5 | — | 08/29/2025 | 1,372,358.00 | 30,352.00 | 0.07 |
| HGU5 COMDT | Copper Future Sep25 | HGU5 | — | 09/26/2025 | 2,033,000.00 | 33,478.00 | 0.07 |
| LCQ5 COMDT | LIVE Cattle Futr Aug25 | LCQ5 | — | 08/29/2025 | 1,711,000.00 | 21,348.00 | 0.05 |
| S X5 COMDT | Soybean Future Nov25 | S X5 | — | 11/14/2025 | 2,618,850.00 | 3,155.00 | 0.01 |
| LHQ5 COMDT | LEAN Hogs Future Aug25 | LHQ5 | — | 08/14/2025 | 430,000.00 | 1,543.00 | 0.00 |
| LLN5 COMDT | LME Lead Future Jul25 | LLN5 | — | 07/16/2025 | 0 | 0.00 | 0.00 |
| LLU5 COMDT | LME Lead Future Sep25 | LLU5 | — | 09/17/2025 | 460,208.00 | 0.00 | 0.00 |
| LNN5 COMDT | LME Nickel Future Jul25 | LNN5 | — | 07/16/2025 | 0 | 0.00 | 0.00 |
| LNU5 COMDT | LME Nickel Future Sep25 | LNU5 | — | 09/17/2025 | 1,549,975.00 | 0.00 | 0.00 |
| LXN5 COMDT | LME Zinc Future Jul25 | LXN5 | — | 07/16/2025 | 0 | 0.00 | 0.00 |
| LXU5 COMDT | LME Zinc Future Sep25 | LXU5 | — | 09/17/2025 | 1,582,791.00 | 0.00 | 0.00 |
| LAN5 25 CO | LME Pri Alum Futr Jul25 | LAN25 | — | 07/16/2025 | 0 | 0.00 | 0.00 |
| LAU5 25 CO | LME Pri Alum Futr Sep25 | LAU25 | — | 09/17/2025 | 2,210,051.00 | 0.00 | 0.00 |
| CTZ5 COMDT | Cotton No.2 Futr Dec25 | CTZ5 | — | 12/08/2025 | 442,845.00 | 2,181.00 | 0.00 |
| SBV5 COMDT | Sugar #11 (world) Oct25 | SBV5 | — | 09/30/2025 | 344,736.00 | -14,999.00 | -0.03 |
| KWU5 COMDT | KC Hrw Wheat Fut Sep25 | KWU5 | — | 09/12/2025 | 737,450.00 | -38,437.00 | -0.08 |
| W U5 COMDT | Wheat Future(cbt) Sep25 | W U5 | — | 09/12/2025 | 1,372,538.00 | -48,996.00 | -0.11 |
| SMZ5 COMDT | Soybean Meal Futr Dec25 | SMZ5 | — | 12/12/2025 | 1,417,570.00 | -94,280.00 | -0.20 |
| GCQ5 COMDT | GOLD 100 Oz Futr Aug25 | GCQ5 | — | 08/27/2025 | 7,938,480.00 | -139,987.00 | -0.30 |
| C U5 COMDT | CORN Future Sep25 | C U5 | — | 09/12/2025 | 2,946,600.00 | -136,930.00 | -0.30 |
| KCU5 COMDT | Coffee 'c' Future Sep25 | KCU5 | — | 09/18/2025 | 787,763.00 | -141,238.00 | -0.31 |
| NGU5 25 CO | Natural Gas Futr Sep25 | NGU25 | — | 08/27/2025 | 3,385,300.00 | -247,410.00 | -0.54 |
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ABOUT
The PGIM Quant Solutions Commodity Strategies Fund is managed by Marco Aiolfi, PhD and Edward J Tostanoski III, CFA each a member 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.
Beta measures a fund's sensitivity to changes in the overall market relative to its benchmark. 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.
BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Bloomberg neither approves nor endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results obtained therefrom and, to the maximum extend allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.
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 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.
4341503 Ed. 03/2025
Fund Literature
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