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Overall Morningstar Rating TM
Barron’s Best Fund Families 2024

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.

Objective

The Fund’s investment objective is to seek to provide returns in excess of the Morgan Stanley Capital International Emerging Markets Index over full market cycles. 

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
Style: Emerging Markets Equity
Total Net Assets: $25 Million
Dividends (Paid): Annually
Dividends (Accrued):
Capital Gains: Annually
Fund Statistics
AS OF 10/31/2025
Name
Weight
Avg Weighted Market Cap ($) 233,587.70
Beta (3-year) 0.95
P/E (Price/Earnings) Ratio 12.40
Standard Deviation (3-year) 15.24

Morningstar Ratings

AS OF 10/31/2025
Class R6 Shares
Overall (Out of 694 Funds)
star-icon star-icon star-icon star-icon
3-Year (Out of 694 Funds)
star-icon star-icon star-icon star-icon
5-Year (Out of 618 Funds)
star-icon star-icon star-icon star-icon

The Morningstar Rating for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustments for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year(if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

©2025 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (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.  

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 Emerging Markets Equity Fund (Class R6) Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 12/31/2024 for the Emerging Markets Funds category were: 139/762, 59/688, 192/612, and N/A, 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 R6 Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 6/30/2025: 247/748, 147/695, 135/613, and N/A, 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: Large-capitalization companies go in and out of favor based on market and economic conditions; the Fund's value may not rise or fall as much as the value of funds that emphasize companies with smaller market capitalizations. 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. 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. Foreign securities are subject to currency fluctuations and political uncertainty. Emerging market investments are subject to greater volatility and price declines. Small- and mid-cap investments may be subject to more erratic market movements than large-cap stocks. The Fund is subject to the risk that the design of the subadvisor's quantitative models may be flawed or incomplete, and the risk of error in the implementation of the models. The Fund's concentration in certain securities may cause the Fund to be adversely affected by the performance of those securities. Investments in currency may result in a decline in the fund's net asset value due to changes in exchange rates. There is no guarantee the Fund's objective will be achieved. Risks are more fully explained in the fund's prospectus.

Total Returns (%)

as of
RETURNS:
SALES CHARGE:
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 Emerging Markets Equity Fund.
See Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Quant Solutions Emerging Markets Equity Fund.

See Daily Returns for the PGIM Quant Solutions Emerging Markets Equity Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Quant Solutions Emerging Markets Equity Fund.

Fund Expenses
Maximum Sales Charge (%)
Class
Gross (%)
Net (%)
Date*
R6 1.49 1.20 02/28/2026

*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 Diversified Emerging Markets Category Average: Diversified emerging-markets portfolios tend to divide their assets among 20 or more nations, although they tend to focus on the emerging markets of Asia and Latin America rather than on those of the Middle East, Africa, or Europe. These portfolios invest predominantly in emerging market equities, but some funds also invest in both equities and fixed income investments from emerging markets.

MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets. It consists of the following 26 emerging market country indexes: Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Pakistan, Peru, Philippines, Poland, Qatar, Russia, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey, and the United Arab Emirates. 

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

Prices

AS OF 12/12/2025
Class
NAV ($)
NAV Change ($)
NAV Change (%)
POP ($)
Total Net Assets ($)
R6 15.58 Loss -0.11 -0.70 24,237,619.64

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= Gain, Loss= Loss,  No Change = No Change.

See Prices of other PGIM Investments Mutual Funds.

52 Week High/Low

AS OF 12/12/2025
Class
52 Week High ($)
52 Week High Date
52 Week Low ($)
52 Week Low Date
R6 15.91 10/29/2025 10.83 04/08/2025

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 Attributes

AS OF 10/31/2025
Largest Holdings (% of Assets)
Taiwan Semiconductor Manufacturing 12.4%
Tencent 5.4%
Samsung Electronics 3.5%
Alibaba 3.2%
SK hynix 2.6%
Hon Hai Precision Industry 1.4%
Delta Electronics, Inc. 1.3%
China Construction Bank 1.0%
Grupo Mexico S.A.B. de C.V. Class B 0.9%
Emaar Properties (P.J.S.C) 0.8%
Geographic Concentration (% of Assets)
Geographic Concentration
% of Assets
China 26.7%
Taiwan 19.0%
India 15.1%
South Korea 12.7%
Brazil 4.0%
Saudi Arabia 3.2%
South Africa 2.5%
Mexico 2.3%
United Arab Emirates 1.2%
Hong Kong 0.9%
Other 9.7%
Cash/Equiv 2.7%
Sector Breakdown (% of Assets)
Industry
Fund (% of Assets)
Information Technology 27.9%
Financials 20.8%
Consumer Discretionary 12.2%
Communication Services 9.6%
Materials 7.2%
Industrials 7.0%
Healthcare 3.9%
Energy 3.3%
Consumer Staples 2.8%
Utilities 1.5%
Real Estate 1.1%
Other 0.1%
Cash/Equiv 2.7%
Fund Statistics
AS OF 10/31/2025
Avg Weighted Market Cap ($) 233,587.70
Beta (3-year) 0.95
P/E (Price/Earnings) Ratio 12.4
Standard Deviation (3-year) 15.24

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

AS OF 10/31/2025

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.

Shares of the funds are offered only to certain PGIM Investments funds.

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.

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
6889106 Taiwan Semiconductor Manufacturing Co Lt 2,330.00 63,000.00 3,046,660.00 12.33
BMMV2K8 Tencent Holdings Ltd 700 16,300.00 1,324,012.00 5.36
6771720 Samsung Electronics Co Ltd 5,930.00 11,576.00 871,397.00 3.53
BK6YZP5 Alibaba Group Holding Ltd 9,988.00 37,400.00 795,825.00 3.22
74440W862 (pipa070) Pgim Core Government Money Mar 4.12 12/01/2099 716,156.00 716,156.00 2.90
6450267 SK Hynix Inc 000660 1,671.00 650,175.00 2.63
6438564 HON Hai Precision Industry Co Ltd 2,317.00 42,000.00 349,330.00 1.41
6260734 Delta Electronics Inc 2,308.00 10,000.00 321,638.00 1.30
B0LMTQ3 China Construction Bank Corp 939 251,000.00 248,500.00 1.01
2643674 Grupo Mexico Sab De Cv GMEXICOB 24,600.00 212,268.00 0.86
B01RM25 Emaar Properties Pjsc EMAAR 53,521.00 207,107.00 0.84
6397502 Shinhan Financial Group Co Ltd 55,550.00 3,863.00 198,413.00 0.80
2684532 Petroleo Brasileiro Sa - Petrobras PETR4 35,200.00 194,190.00 0.79
B8RZJZ1 People's Insurance Co Group Of China Ltd 1,339.00 211,000.00 189,501.00 0.77
64110W102 Netease Inc NTES 1,300.00 182,130.00 0.74
B0RNRF5 HANA Financial Group Inc 86,790.00 3,055.00 183,020.00 0.74
B12LZH9 AL Rajhi Bank RJHI 6,320.00 178,629.00 0.72
6294896 HCL Technologies Ltd HCLT 9,783.00 169,746.00 0.69
2328595 Banco Do Brasil Sa BBAS3 41,500.00 169,395.00 0.69
B5730Z1 NEW China Life Insurance Co Ltd 1,336.00 26,900.00 169,997.00 0.69
6196152 Citic Ltd 267 108,000.00 166,928.00 0.68
B40MFF3 Muthoot Finance Ltd MUTH 4,706.00 168,616.00 0.68
6280215 GOLD Fields Ltd GFI 4,321.00 166,600.00 0.67
6139362 OIL & Natural Gas Corp Ltd ONGC 57,584.00 165,712.00 0.67
6324500 Evergreen Marine Corp Taiwan Ltd 2,603.00 26,000.00 163,101.00 0.66
6442327 Bharti Airtel Ltd BHARTI 7,054.00 163,343.00 0.66
6633712 Maruti Suzuki India Ltd MSIL 896 163,175.00 0.66
BMW4CV8 Eicher Motors Ltd EIM 2,064.00 162,772.00 0.66
BK1N461 HDFC Bank Ltd HDFCB 14,140.00 157,220.00 0.64
6100186 Mahindra & Mahindra Ltd MM 3,970.00 155,894.00 0.63
6099723 Bharat Petroleum Corp Ltd BPCL 37,493.00 150,410.00 0.61
2406457 Cemex Sab De Cv CEMEXCPO 146,200.00 148,257.00 0.60
7107250 OPAP Sa OPAP 7,216.00 149,185.00 0.60
BL6B9P1 WUXI Biologics Cayman Inc 2,269.00 32,000.00 149,251.00 0.60
BG0R3M5 HDFC Asset Management Co Ltd HDFCAMC 2,391.00 144,828.00 0.59
B00XSF9 SINO Biopharmaceutical Ltd 1,177.00 160,000.00 145,749.00 0.59
B734XQ4 ZHEN Ding Technology Holding Ltd 4,958.00 27,000.00 142,573.00 0.58
BSHYYN1 Saudi National Bank/the SNB 13,248.00 140,966.00 0.57
6005214 Accton Technology Corp 2,345.00 4,000.00 139,106.00 0.56
B3DF0Y6 KB Financial Group Inc 105,560.00 1,661.00 135,593.00 0.55
B1S7225 Power Finance Corp Ltd POWF 29,135.00 132,290.00 0.54
6725299 Zijin Mining Group Co Ltd 2,899.00 32,000.00 132,384.00 0.54
B154564 BANK Of China Ltd 3,988.00 231,000.00 130,802.00 0.53
B03MP41 Aselsan Elektronik Sanayi Ve Ticaret As ASELS 27,212.00 131,557.00 0.53
2771672 Falabella Sa FALAB 20,992.00 132,186.00 0.53
6316121 Elite Material Co Ltd 2,383.00 3,000.00 131,807.00 0.53
B5NRRJ0 China Everbright Bank Co Ltd 6,818.00 318,000.00 130,458.00 0.53
BSSDKB7 Vishal Mega Mart Ltd VMM 78,736.00 128,162.00 0.52
BFX05H3 ABSA Group Ltd ABG 11,090.00 123,918.00 0.50
6206051 Wipro Ltd WPRO 45,988.00 124,544.00 0.50
456788108 Infosys Ltd INFY 7,200.00 119,304.00 0.48
5473113 BANK Polska Kasa Opieki Sa PEO 2,296.00 117,559.00 0.48
6290902 LG Uplus Corp 32,640.00 10,802.00 115,469.00 0.47
6455819 International Container Terminal Service ICT 12,940.00 116,710.00 0.47
B44ZV94 China Hongqiao Group Ltd 1,378.00 30,500.00 115,802.00 0.47
B0JGGP5 ITC Ltd ITC 23,988.00 113,547.00 0.46
6773812 Samsung Electronics Co Ltd 5,935.00 1,916.00 113,072.00 0.46
B12LZT1 BSF BSF 23,361.00 111,176.00 0.45
BGHH0L6 WUXI Apptec Co Ltd 2,359.00 8,000.00 111,784.00 0.45
BMZPZG4 Nahdi Medical Co NAHDI 3,599.00 111,414.00 0.45
BGHWH98 Woori Financial Group Inc 316,140.00 6,151.00 109,498.00 0.44
B611LV1 TATA Motors Passenger Vehicles Limited TMPV 23,782.00 109,766.00 0.44
BV2FFX7 Naspers Ltd NPN 1,538.00 108,023.00 0.44
6492838 Krung Thai Bank Pcl KTB/F 124,800.00 105,083.00 0.43
6446620 HD Korea Shipbuilding & Offshore Enginee 9,540.00 318 105,697.00 0.43
6158174 Ooredoo Qpsc ORDS 28,674.00 106,710.00 0.43
B1G1QD8 Industrial & Commercial Bank Of China Lt 1,398.00 133,000.00 103,048.00 0.42
B12LR51 Etihad Etisalat Co EEC 5,574.00 100,563.00 0.41
47215P106 Jd.com Inc JD 3,100.00 102,424.00 0.41
BG0ZMJ9 Xiaomi Corp 1,810.00 18,200.00 100,972.00 0.41
BM93SF4 Netease Inc 9,999.00 3,600.00 101,018.00 0.41
BD5ZXH8 MOL Hungarian Oil & Gas Plc MOL 11,200.00 98,524.00 0.40
BD3CQ16 Moneta Money Bank As MONET 11,572.00 97,951.00 0.40
6600084 Mobile Telecommunications Co Kscp ZAIN 57,698.00 99,714.00 0.40
B00FM53 Banco Bradesco Sa BBDC4 28,800.00 97,374.00 0.39
B037HR3 ITAU Unibanco Holding Sa ITUB4 13,080.00 96,107.00 0.39
2196286 VALE Sa VALE3 8,000.00 96,670.00 0.39
2448200 Industrias Penoles Sab De Cv PE&OLES* 2,200.00 92,943.00 0.38
6462972 Industrial Bank Of Korea 24,110.00 6,894.00 93,427.00 0.38
B60FNV8 China Gold International Resources Corp 2,099.00 5,600.00 94,264.00 0.38
BT18HL5 JBS Nv JBS 7,200.00 95,112.00 0.38
BMW8R04 JD Health International Inc 6,618.00 11,850.00 92,500.00 0.37
6205122 Infosys Ltd INFO 5,486.00 91,408.00 0.37
6099626 Reliance Industries Ltd RELIANCE 5,420.00 90,692.00 0.37
6544892 ASIA Vital Components Co Ltd 3,017.00 2,000.00 91,561.00 0.37
B1YCHL8 CIA De Saneamento Basico Do Estado De Sa SBSP3 3,600.00 88,481.00 0.36
2421041 Grupo Financiero Banorte Sab De Cv GFNORTEO 9,600.00 90,122.00 0.36
6654586 Korea Investment Holdings Co Ltd 71,050.00 677 86,314.00 0.35
BN6PP37 POP Mart International Group Ltd 9,992.00 3,000.00 85,335.00 0.35
B800MQ5 Astra International Tbk Pt ASII 230,500.00 85,230.00 0.34
6582483 SUN Pharmaceutical Industries Ltd SUNP 4,440.00 84,639.00 0.34
B01NPJ1 TATA Consultancy Services Ltd TCS 2,470.00 85,009.00 0.34
88034P109 Tencent Music Entertainment Group TME 3,800.00 84,816.00 0.34
BNK8Z10 Cartrade Tech Ltd CARTRADE 2,411.00 81,934.00 0.33
BWGCFG4 Fuyao Glass Industry Group Co Ltd 3,606.00 9,200.00 81,929.00 0.33
6987583 YANG Ming Marine Transport Corp 2,609.00 43,000.00 80,223.00 0.32
B011108 Cipla Ltd/india CIPLA 4,645.00 78,546.00 0.32
6726548 TVS Motor Co Ltd TVSL 1,980.00 78,199.00 0.32
B1VRCG6 CMOC Group Ltd 3,993.00 36,000.00 77,938.00 0.32
B0B8Z18 Cosco Shipping Holdings Co Ltd 1,919.00 44,500.00 77,173.00 0.31
6189657 China Airlines Ltd 2,610.00 118,000.00 76,500.00 0.31
BS5WYP9 Canara Bank CBK 48,917.00 75,427.00 0.31
BN6NP19 NU Holdings Ltd/cayman Islands NU 4,800.00 77,328.00 0.31
BD3DWQ6 BSE Ltd BSE 2,615.00 73,051.00 0.30
BD83175 Hyosung Heavy Industries Corp 298,040.00 49 73,090.00 0.30
BFD2096 Shandong Gold Mining Co Ltd 1,787.00 17,500.00 73,362.00 0.30
B03MYK0 TURK Hava Yollari Ao THYAO 10,608.00 73,456.00 0.30
B2Q5H56 China Pacific Insurance Group Co Ltd 2,601.00 18,400.00 74,594.00 0.30
6531827 Geely Automobile Holdings Ltd 175 30,000.00 71,169.00 0.29
BRF6FX9 Anglogold Ashanti Plc ANG 1,035.00 70,963.00 0.29
BMGWW30 Nongfu Spring Co Ltd 9,633.00 10,400.00 69,134.00 0.28
BP83HF9 Anand Rathi Wealth Ltd ANANDRAT 1,970.00 68,514.00 0.28
6519481 Lite-on Technology Corp 2,301.00 12,000.00 69,617.00 0.28
6133405 GAIL India Ltd GAIL 33,258.00 68,422.00 0.28
6051046 Asustek Computer Inc 2,357.00 3,000.00 67,774.00 0.27
6422761 Harbin Electric Co Ltd 1,133.00 40,000.00 65,771.00 0.27
6440859 Capitec Bank Holdings Ltd CPI 300 66,374.00 0.27
722304102 PDD Holdings Inc PDD 500 67,435.00 0.27
BGR6KX5 Innovent Biologics Inc 1,801.00 6,000.00 67,305.00 0.27
B030GJ7 Standard Bank Group Ltd SBK 4,352.00 63,995.00 0.26
6143761 Lupin Ltd LPC 2,782.00 61,586.00 0.25
88557W101 QFIN Holdings Inc QFIN 2,500.00 60,375.00 0.24
6696157 POU Chen Corp 9,904.00 63,000.00 59,944.00 0.24
BSZ2BY7 Icici Bank Ltd ICICIBC 3,683.00 55,807.00 0.23
BF1THH6 Bharat Electronics Ltd BHE 11,511.00 55,197.00 0.22
6047023 AMMB Holdings Bhd AMM 40,200.00 54,680.00 0.22
2682365 Petroleo Brasileiro Sa - Petrobras PETR3 8,800.00 51,377.00 0.21
B1YVKN8 ANTA Sports Products Ltd 2,020.00 5,000.00 52,190.00 0.21
6490928 KIA Corp 000270 601 50,411.00 0.20
6495730 Korea Electric Power Corp 15,760.00 1,634.00 48,912.00 0.20
BHKDY38 Polycab India Ltd POLYCAB 570 49,440.00 0.20
B5L2DG6 Charoen Pokphand Foods Pcl CPF/F 77,600.00 50,594.00 0.20
BT9QPW8 Contemporary Amperex Technology Co Ltd 3,750.00 700 50,093.00 0.20
BYM8TG8 Zydus Lifesciences Ltd ZYDUSLIF 4,426.00 48,622.00 0.20
BYW7534 Genertec Universal Medical Group Co Ltd 2,666.00 58,000.00 46,200.00 0.19
B60LZR6 Agricultural Bank Of China Ltd 1,288.00 57,000.00 43,484.00 0.18
B0LX3Y2 Aldar Properties Pjsc ALDAR 18,649.00 45,692.00 0.18
B12LZW4 Riyad Bank RIBL 6,126.00 44,482.00 0.18
B28PFX8 Emirates Nbd Bank Pjsc EMIRATES 5,543.00 42,406.00 0.17
6372480 Mediatek Inc 2,454.00 1,000.00 42,409.00 0.17
BF6RHY2 SD Guthrie Bhd SDG MK 33,300.00 41,982.00 0.17
BNYK8H9 Trip.com Group Ltd 9,961.00 600 42,222.00 0.17
CNBD5CB75 Yunnan Aluminium Co Ltd 000807 13,300.00 42,898.00 0.17
CNBD761B9 Eoptolink Technology Inc Ltd 300,502.00 900 43,180.00 0.17
CNBP3RBJ8 Yunnan Yuntianhua Co Ltd 600,096.00 10,100.00 40,777.00 0.17
CURRENCY Currency 26,957,299.00 40,298.00 0.16
CNBP3R295 Industrial Bank Co Ltd 601,166.00 13,500.00 38,356.00 0.16
CNBP3R369 Jiangsu Hengrui Medicine Co Ltd 600,276.00 4,500.00 40,481.00 0.16
CNBP3R7X4 Western Mining Co Ltd 601,168.00 11,600.00 39,070.00 0.16
BNNJP32 APR Corp/korea 278,470.00 224 40,024.00 0.16
BSNRFT7 TATA Motors Ltd /new 2,463,242.00 13,688.00 40,206.00 0.16
BLD4QD0 Haier Smart Home Co Ltd 6,690.00 12,200.00 39,673.00 0.16
B7T5KQ0 Hankook Tire & Technology Co Ltd 161,390.00 1,249.00 40,551.00 0.16
912797QY6 United States Treasury Bill B 3.96 12/11/2025 40,000.00 39,836.00 0.16
B1323K0 Sabic Agri-nutrients Co SAFCO 1,222.00 39,898.00 0.16
6327327 HERO Motocorp Ltd HMCL 650 40,573.00 0.16
B3ZVDV0 Sinopharm Group Co Ltd 1,099.00 14,400.00 35,892.00 0.15
B63DG21 Powszechny Zaklad Ubezpieczen Sa PZU 2,350.00 37,574.00 0.15
BLC87W9 Persistent Systems Ltd PSYS 546 36,335.00 0.15
BMDKMB5 Saudi Aramco Base Oil Co LUBEREF 1,440.00 37,004.00 0.15
CNBP3R370 China Northern Rare Earth Group High-tec 600,111.00 5,200.00 37,081.00 0.15
CNBP3R2T5 Huaxia Bank Co Ltd 37,600.00 35,942.00 0.15
CNBFF5BV2 Zhejiang Huayou Cobalt Co Ltd 4,200.00 38,236.00 0.15
CNBD5CJX7 Muyuan Foodstuff Co Ltd 2,714.00 5,400.00 38,161.00 0.15
CNBD5CPN9 GREE Electric Appliances Inc Of Zhuhai 000651 6,700.00 37,410.00 0.15
CNBD5CPS4 PING An Bank Co Ltd 000001 22,600.00 35,911.00 0.15
BTPR2M4 Grupo Cibest Sa PFCIBEST 2,538.00 37,069.00 0.15
CNBD6QVW1 Giant Network Group Co Ltd 2,558.00 6,800.00 33,495.00 0.14
CNBD5CMN8 Shenzhen Inovance Technology Co Ltd 300,124.00 3,300.00 35,653.00 0.14
CNBD5CH66 Zhejiang Nhu Co Ltd 2,001.00 10,500.00 35,825.00 0.14
CNBP3R3H0 SANY Heavy Industry Co Lt 600,031.00 11,500.00 35,735.00 0.14
CNBP3RDW5 China Jushi Co Ltd 600,176.00 14,600.00 33,587.00 0.14
CNBK94875 BANK Of Changsha Co Ltd 25,300.00 33,998.00 0.14
B4WRJD2 Meritz Financial Group Inc 138,040.00 461 35,724.00 0.14
6728793 MMG Ltd 1,208.00 40,000.00 35,498.00 0.14
6249658 Mirae Asset Securities Co Ltd 6,800.00 1,948.00 35,816.00 0.14
6294863 Cummins India Ltd KKC 652 31,875.00 0.13
6528443 Oracle Financial Services Software Ltd OFSS 332 31,818.00 0.13
2311120 Centrais Eletricas Brasileiras Sa ELET3 3,000.00 31,015.00 0.13
6706250 PICC Property & Casualty Co Ltd 2,328.00 14,000.00 33,075.00 0.13
6913168 Guangdong Investment Ltd 270 34,000.00 32,299.00 0.13
B03NGS5 Powszechna Kasa Oszczednosci Bank Polski PKO 1,574.00 32,272.00 0.13
CNBP3R585 Zhongjin Gold Corp Ltd 600,489.00 10,700.00 33,187.00 0.13
CNBP3R983 Zhejiang Juhua Co Ltd 600,160.00 6,300.00 31,238.00 0.13
CNBD8P9J9 BANK Of Shanghai Co Ltd-a 601,229.00 24,000.00 31,972.00 0.13
CNBDFWW61 Ecovacs Robotics Co Ltd 603,486.00 2,600.00 32,644.00 0.13
BY9D3L9 3sbio Inc 1,530.00 8,000.00 31,829.00 0.13
BVDKGC7 Beone Medicines Ltd 6,160.00 1,300.00 31,255.00 0.13
BD0BDJ3 PTT Pcl PTT/F 32,000.00 30,432.00 0.12
BFWHKM5 Eneva Sa ENEV3 8,500.00 28,865.00 0.12
6410562 Harmony Gold Mining Co Ltd HAR 1,740.00 28,951.00 0.12
6449544 Hyundai Mobis Co Ltd 12,330.00 126 27,863.00 0.11
464287234 Ishares Msci Emerging Markets Etf EEM 500 27,650.00 0.11
B1YBRG0 CIA Energetica De Minas Gerais CMIG4 12,400.00 26,090.00 0.11
CNBP3R5T6 Zhengzhou Yutong Bus Co Ltd 600,066.00 5,800.00 26,322.00 0.11
CNBP3R6S2 Meihua Holdings Group Co Ltd 600,873.00 16,200.00 25,397.00 0.10
6695938 Petronas Dagangan Bhd PETD 4,400.00 23,823.00 0.10
92763W103 Vipshop Holdings Ltd VIPS 1,300.00 22,737.00 0.09
B031NN3 CPFL Energia Sa CPFE3 2,900.00 22,359.00 0.09
B1359J0 PTT Exploration & Production Pcl PTTEP/F 6,800.00 22,532.00 0.09
CNBP3R2W8 BANK Of Beijing Co Ltd 601,169.00 29,200.00 22,913.00 0.09
BNC0DB0 Piraeus Financial Holdings Sa TPEIR 2,885.00 22,532.00 0.09
CNBD5CJ71 Gotion High-tech Co Ltd 3,000.00 19,180.00 0.08
6628008 Nedbank Group Ltd NED 1,541.00 20,990.00 0.08
6139890 GE Vernova T&d India Ltd GVTD 595 20,358.00 0.08
6186023 EVA Airways Corp 2,618.00 16,000.00 18,781.00 0.08
6283979 Indofood Sukses Makmur Tbk Pt INDF 46,300.00 20,604.00 0.08
6294670 Doosan Enerbility Co Ltd 34,020.00 280 17,329.00 0.07
6537085 NH Investment & Securities Co Ltd 5,940.00 1,273.00 18,148.00 0.07
6563206 MTN Group Ltd MTN 1,750.00 17,483.00 0.07
BYZ43T4 Eurobank Ergasias Services And Holdings EUROB 4,430.00 16,663.00 0.07
CNBP3R5K7 Zhejiang Chint Electrics Co Ltd 601,877.00 4,100.00 16,507.00 0.07
BMVRB77 America Movil Sab De Cv AMXB 15,600.00 17,750.00 0.07
BGJW376 Meituan 3,690.00 1,360.00 17,901.00 0.07
CNBF2DZJ5 Shanghai Putailai New Energy Technology 603,659.00 3,900.00 16,001.00 0.06
MESZ5 INDE MSCI Emgmkt Dec25 MESZ5 12/19/2025 774,180.00 14,986.00 0.06
B00FM86 Banco Bradesco Sa BBDC3 5,501.00 15,879.00 0.06
6718976 China Life Insurance Co Ltd 2,628.00 4,000.00 12,613.00 0.05
6211732 Hanwha Ocean Co Ltd 42,660.00 130 12,555.00 0.05
6148272 Hyundai Motor Co 5,387.00 86 13,250.00 0.05
2308445 Centrais Eletricas Brasileiras Sa ELET6 1,200.00 13,215.00 0.05
CNBYV1VC8 Seres Group Co Ltd 601,127.00 600 13,083.00 0.05
CNBFFJRM7 Zhongji Innolight Co Ltd 300,308.00 200 13,188.00 0.05
BDVPYN5 OLD Mutual Ltd OMU 16,018.00 12,525.00 0.05
BN71RB6 TIM Sa/brazil TIMS3 2,900.00 13,077.00 0.05
BP6QXH4 Grupo Cibest Sa CIBEST 742 12,030.00 0.05
BYZJV17 BOC Aviation Ltd 2,588.00 1,100.00 9,642.00 0.04
6148119 NMDC Ltd NMDC 11,093.00 9,463.00 0.04
6244675 RHB Bank Bhd RHBBANK 5,700.00 9,215.00 0.04
6451022 Hyundai Motor Co 5,385.00 68 10,336.00 0.04
B01FLR7 PING An Insurance Group Co Of China Ltd 2,318.00 1,500.00 10,836.00 0.04
B0YTG26 Barwa Real Estate Co BRES 14,080.00 10,168.00 0.04
B1XC098 Fortis Healthcare Ltd FORH 840 9,674.00 0.04
B1HVJ16 China Communications Services Corp Ltd 552 16,000.00 9,589.00 0.04
B12LZK2 ARAB National Bank ARNB 1,005.00 6,499.00 0.03
6148197 Qatar National Bank Qpsc QNBK 1,596.00 8,117.00 0.03
5810066 Orlen Sa PKN 228 6,179.00 0.03
BMDHSH4 HD Hyundai Heavy Industries Co Ltd 329,180.00 17 7,159.00 0.03
BDG1977 Emaar Development Pjsc EMAARDEV 1,708.00 6,938.00 0.03
BDVLJ72 Orion Corp/republic Of Korea 271,560.00 68 4,735.00 0.02
BSSDKD9 SAI Life Sciences Ltd SAILIFE 588 6,078.00 0.02
CNBS7K3K9 Zhejiang Zheneng Electric Power Co Ltd 600,023.00 8,000.00 5,793.00 0.02
6155937 DB Insurance Co Ltd 5,830.00 55 4,888.00 0.02
B3C8VY3 Saudi Arabian Mining Co MAADEN 338 5,810.00 0.02
B08YDF9 CP All Pcl CPALL/F 3,300.00 4,692.00 0.02
7153639 Santander Bank Polska Sa SPL 39 5,136.00 0.02
6772671 Hanwha Aerospace Co Ltd 12,450.00 7 4,801.00 0.02
B03MYS8 Turkiye Is Bankasi As ISCTR 1 0.00 0.00
B3ZQM29 Phosagro Pjsc PHOR 232 0.00 0.00
4767981 OFAC Restr Sberbank Of Russia Pjsc SBER 55,364.00 0.00 0.00
TGI7I9DE7L Cnh/usd Spot 20251103 Bnym CNH 11/03/2025 -167 0.00 0.00
BNZGRT1 Phosagro Pjsc PHOR 2 0.00 0.00
BPCNFX9 TVS Motor Co Ltd TVSLIN 6.0 09/01/2026 528 0.00 0.00
BLNM4K7 Phosagro Pjsc Npv Gdr 4 0.00 0.00
B59GLW2 OFAC Restr Magnit Pjsc MGNT 1,716.00 0.00 0.00
B59SNS8 OFAC Restr Lukoil Pjsc LKOH 2,762.00 0.00 0.00
B59SS16 OFAC Restr Rosneft Oil Co Pjsc ROSN 5,856.00 0.00 0.00
B5B2VL7 OFAC Restr Inter Rao Ues Pjsc IRAO 202,400.00 0.00 0.00
B5BHQP1 OFAC Restr Surgutneftegas Pjsc SNGS 38,400.00 0.00 0.00
B5BHR47 Surgutneftegas Pjsc SNGSP 38,200.00 0.00 0.00

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ABOUT

The PGIM Quant Solutions Emerging Markets Equity Fund is co-managed by Stacie L. Mintz, Ken D'Souza, and Wen Jin, PhD, 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.

Stacie L. Mintz, CFA
Stacie L. Mintz, CFA

Managing Director and Head of Quantitative Equity for PGIM Quantitative Solutions

PGIM Quantitative Solutions

Stacie L. Mintz, CFA, is a Managing Director and Head of Quantitative Equity for PGIM Quantitative Solutions.

Ken D'Souza
Ken D'Souza

Portfolio Manager

PGIM Quantitative Solutions

Ken D'Souza, CFA, is a Principal and Portfolio Manager for PGIM Quantitative Solutions working within the Quantitative Equity team.

Wen Jin, CFA
Wen Jin, CFA

Managing Director and Portfolio Manager for PGIM Quantitative Solutions

PGIM Quantitative Solutions

Wen Jin, PhD, CFA, is a Managing Director and Portfolio Manager for PGIM Quantitative Solutions working within the Quantitative Equity team.

Average weighted market capitalization is the average market capitalization of stocks in a fund, each weighted by its proportion of assets. Beta measures a fund's sensitivity to changes in the overall market relative to its benchmark. 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. 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. 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 R6 shares may be available to group retirement plans, institutional investors, and individuals through certain retirement, mutual fund wrap and asset allocation programs. 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.

4664089    Ed. 07/2025

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