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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: $22 Million
Dividends (Paid): Annually
Dividends (Accrued):
Capital Gains: Annually
Fund Statistics
AS OF 06/30/2025
Name
Weight
Avg Weighted Market Cap ($mil) 140,926.50
Beta (3-year)
P/E (Price/Earnings) Ratio 11.20
Standard Deviation (3-year) 16.66

Morningstar Ratings

AS OF 06/30/2025
Class R6 Shares
Overall (Out of 711 Funds)
star-icon star-icon star-icon star-icon
3-Year (Out of 711 Funds)
star-icon star-icon star-icon star-icon
5-Year (Out of 629 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 08/08/2025
Class
NAV ($)
NAV Change ($)
NAV Change (%)
POP ($)
Total Net Assets ($)
R6 14.08 No Change 0.00 0.00 22,926,875.89

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 08/08/2025
Class
52 Week High ($)
52 Week High Date
52 Week Low ($)
52 Week Low Date
R6 14.14 07/23/2025 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

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 06/30/2025

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 65,000.00 2,377,008.00 10.61
BMMV2K8 Tencent Holdings Ltd 700 16,300.00 1,050,300.00 4.69
BK6YZP5 Alibaba Group Holding Ltd 9,988.00 43,900.00 621,446.00 2.77
6771720 Samsung Electronics Co Ltd 5,930.00 12,029.00 531,941.00 2.37
6450267 SK Hynix Inc 000660 1,859.00 400,580.00 1.79
74440W862 (pipa070) Pgim Core Government Money Mar 4.42 12/01/2099 378,431.00 378,431.00 1.69
BG0ZMJ9 Xiaomi Corp 1,810.00 38,400.00 295,593.00 1.32
6442327 Bharti Airtel Ltd BHARTI 11,745.00 275,350.00 1.23
6372480 Mediatek Inc 2,454.00 5,000.00 214,243.00 0.96
6536651 BYD Co Ltd 1,211.00 13,500.00 210,195.00 0.94
B3DF0Y6 KB Financial Group Inc 105,560.00 2,561.00 210,453.00 0.94
B0RNRF5 HANA Financial Group Inc 86,790.00 3,241.00 206,445.00 0.92
B01RM25 Emaar Properties Pjsc EMAAR 53,521.00 198,543.00 0.89
BK1N461 HDFC Bank Ltd HDFCB 8,456.00 197,409.00 0.88
B154564 BANK Of China Ltd 3,988.00 334,000.00 194,442.00 0.87
47215P106 Jd.com Inc JD 5,800.00 189,312.00 0.84
BF1THH6 Bharat Electronics Ltd BHE 36,251.00 178,280.00 0.80
B8RZJZ1 People's Insurance Co Group Of China Ltd 1,339.00 234,000.00 178,612.00 0.80
6397502 Shinhan Financial Group Co Ltd 55,550.00 3,863.00 175,136.00 0.78
64110W102 Netease Inc NTES 1,300.00 174,954.00 0.78
88034P109 Tencent Music Entertainment Group TME 8,700.00 169,563.00 0.76
B037HR3 ITAU Unibanco Holding Sa ITUB4 23,980.00 162,732.00 0.73
2771672 Falabella Sa FALAB 30,616.00 162,671.00 0.73
B5730Z1 NEW China Life Insurance Co Ltd 1,336.00 29,500.00 161,534.00 0.72
BSZ2BY7 Icici Bank Ltd ICICIBC 9,369.00 158,333.00 0.71
6100186 Mahindra & Mahindra Ltd MM 4,289.00 159,195.00 0.71
2684532 Petroleo Brasileiro Sa - Petrobras PETR4 27,200.00 157,049.00 0.70
2328595 Banco Do Brasil Sa BBAS3 38,400.00 156,692.00 0.70
6005214 Accton Technology Corp 2,345.00 6,000.00 149,962.00 0.67
B12LZW4 Riyad Bank RIBL 19,608.00 150,208.00 0.67
456788108 Infosys Ltd INFY 8,000.00 148,240.00 0.66
B03MP41 Aselsan Elektronik Sanayi Ve Ticaret As ASELS 39,222.00 148,529.00 0.66
6582483 SUN Pharmaceutical Industries Ltd SUNP 7,533.00 147,255.00 0.66
6099723 Bharat Petroleum Corp Ltd BPCL 37,493.00 145,185.00 0.65
BD3DWQ6 BSE Ltd BSE 4,533.00 146,649.00 0.65
B1KFX13 Grupo Aeroportuario Del Centro Norte Sab OMAB 10,800.00 142,046.00 0.63
B44ZV94 China Hongqiao Group Ltd 1,378.00 61,500.00 141,610.00 0.63
BN6QSM0 Outsurance Group Ltd OUT 31,802.00 140,707.00 0.63
6260734 Delta Electronics Inc 2,308.00 10,000.00 141,509.00 0.63
6490928 KIA Corp 000270 1,981.00 141,749.00 0.63
7107250 OPAP Sa OPAP 6,152.00 139,501.00 0.62
BGHWH98 Woori Financial Group Inc 316,140.00 8,215.00 136,691.00 0.61
6099626 Reliance Industries Ltd RELIANCE 7,553.00 132,201.00 0.59
6446620 HD Korea Shipbuilding & Offshore Enginee 9,540.00 470 126,919.00 0.57
6294896 HCL Technologies Ltd HCLT 6,325.00 127,524.00 0.57
BG0R3M5 HDFC Asset Management Co Ltd HDFCAMC 2,058.00 124,643.00 0.56
6324500 Evergreen Marine Corp Taiwan Ltd 2,603.00 18,000.00 122,574.00 0.55
5473113 BANK Polska Kasa Opieki Sa PEO 2,380.00 122,580.00 0.55
92763W103 Vipshop Holdings Ltd VIPS 8,000.00 120,400.00 0.54
2196286 VALE Sa VALE3 12,100.00 117,367.00 0.52
6438564 HON Hai Precision Industry Co Ltd 2,317.00 21,000.00 115,864.00 0.52
B800MQ5 Astra International Tbk Pt ASII 421,300.00 116,832.00 0.52
B5NRRJ0 China Everbright Bank Co Ltd 6,818.00 231,000.00 115,431.00 0.52
BN0VX82 Naspers Ltd NPN 374 116,693.00 0.52
BN6PP37 POP Mart International Group Ltd 9,992.00 3,400.00 115,835.00 0.52
BMZPZG4 Nahdi Medical Co NAHDI 3,348.00 113,995.00 0.51
BGJW376 Meituan 3,690.00 7,160.00 115,176.00 0.51
B0LMTQ3 China Construction Bank Corp 939 114,000.00 115,361.00 0.51
B0B8Z29 BANK Of Communications Co Ltd 3,328.00 122,000.00 113,685.00 0.51
464287234 Ishares Msci Emerging Markets Etf EEM 2,300.00 110,952.00 0.50
88557W101 QIFU Technology Inc QFIN 2,500.00 108,400.00 0.48
6205122 Infosys Ltd INFO 5,634.00 105,258.00 0.47
6230845 United Tractors Tbk Pt UNTR 80,000.00 105,686.00 0.47
6283979 Indofood Sukses Makmur Tbk Pt INDF 207,900.00 104,101.00 0.46
B12LZH9 AL Rajhi Bank RJHI 4,097.00 103,338.00 0.46
6544892 ASIA Vital Components Co Ltd 3,017.00 4,000.00 102,169.00 0.46
BG36ZK1 B3 Sa - Brasil Bolsa Balcao B3SA3 38,800.00 103,836.00 0.46
B01NPJ1 TATA Consultancy Services Ltd TCS 2,470.00 99,739.00 0.45
6158174 Ooredoo Qpsc ORDS 28,674.00 100,778.00 0.45
6175076 KT&G Corp 33,780.00 1,073.00 101,276.00 0.45
6449544 Hyundai Mobis Co Ltd 12,330.00 478 101,406.00 0.45
6133405 GAIL India Ltd GAIL 43,998.00 97,949.00 0.44
B12LR51 Etihad Etisalat Co EEC 6,224.00 98,409.00 0.44
B12LZT1 BSF BSF 20,861.00 99,325.00 0.44
BLC87W9 Persistent Systems Ltd PSYS 1,390.00 97,973.00 0.44
BM93SF4 Netease Inc 9,999.00 3,600.00 97,017.00 0.43
BSHYYN1 Saudi National Bank/the SNB 9,985.00 96,141.00 0.43
B1YLCV0 DLF Ltd DLFU 9,933.00 97,104.00 0.43
BJYKB72 Hansoh Pharmaceutical Group Co Ltd 3,692.00 24,000.00 91,207.00 0.41
B40MFF3 Muthoot Finance Ltd MUTH 2,998.00 91,804.00 0.41
B00FM53 Banco Bradesco Sa BBDC4 28,800.00 89,107.00 0.40
6531827 Geely Automobile Holdings Ltd 175 44,000.00 89,812.00 0.40
2100845 Banco De Chile CHILE 590,350.00 89,285.00 0.40
2421041 Grupo Financiero Banorte Sab De Cv GFNORTEO 9,600.00 88,093.00 0.39
6189657 China Airlines Ltd 2,610.00 118,000.00 87,191.00 0.39
2643674 Grupo Mexico Sab De Cv GMEXICOB 14,200.00 85,701.00 0.38
6771838 Samyang Foods Co Ltd 3,230.00 83 85,691.00 0.38
6696157 POU Chen Corp 9,904.00 80,000.00 84,829.00 0.38
BGR6KX5 Innovent Biologics Inc 1,801.00 8,500.00 85,209.00 0.38
B1YVKN8 ANTA Sports Products Ltd 2,020.00 7,000.00 84,698.00 0.38
BNDTGN9 APL Apollo Tubes Ltd APAT 4,000.00 81,122.00 0.36
B011108 Cipla Ltd/india CIPLA 4,645.00 81,600.00 0.36
6206051 Wipro Ltd WPRO 25,741.00 79,868.00 0.36
6283452 Dubai Islamic Bank Pjsc DIB 33,061.00 81,632.00 0.36
6280215 GOLD Fields Ltd GFI 3,295.00 78,024.00 0.35
6051422 Realtek Semiconductor Corp 2,379.00 4,000.00 77,683.00 0.35
B0B8Z18 Cosco Shipping Holdings Co Ltd 1,919.00 44,500.00 77,470.00 0.35
6624471 First Abu Dhabi Bank Pjsc FAB 16,668.00 75,328.00 0.34
BN71RB6 TIM Sa/brazil TIMS3 18,800.00 75,745.00 0.34
BYZ43T4 Eurobank Ergasias Services And Holdings EUROB 22,012.00 75,815.00 0.34
B1G4262 Kumba Iron Ore Ltd KIO 4,734.00 76,219.00 0.34
6773812 Samsung Electronics Co Ltd 5,935.00 2,020.00 74,103.00 0.33
B08YDF9 CP All Pcl CPALL/F 54,000.00 73,140.00 0.33
6410562 Harmony Gold Mining Co Ltd HAR 5,117.00 71,197.00 0.32
B1W0JF2 China Citic Bank Corp Ltd 998 76,000.00 72,456.00 0.32
BYM8TG8 Zydus Lifesciences Ltd ZYDUSLIF 6,020.00 69,533.00 0.31
B0GWF48 Hindalco Industries Ltd HNDL 8,620.00 69,739.00 0.31
B03MYK0 TURK Hava Yollari Ao THYAO 9,648.00 68,734.00 0.31
6602518 Divi's Laboratories Ltd DIVI 861 68,405.00 0.31
6690535 Strides Pharma Science Ltd STR 6,319.00 66,315.00 0.30
6051046 Asustek Computer Inc 2,357.00 3,000.00 66,322.00 0.30
2299453 ENEL Americas Sa ENELAM 660,079.00 64,298.00 0.29
423403104 Hello Group Inc MOMO 7,700.00 64,988.00 0.29
B0CJ800 JK Cement Ltd JKCE 918 65,851.00 0.29
BRF6FX9 Anglogold Ashanti Plc ANG 1,434.00 65,507.00 0.29
B1S7225 Power Finance Corp Ltd POWF 12,449.00 62,109.00 0.28
B7T5KQ0 Hankook Tire & Technology Co Ltd 161,390.00 2,146.00 63,047.00 0.28
B60FNV8 China Gold International Resources Corp 2,099.00 7,000.00 63,839.00 0.28
B9J4ZK0 Pegasus Hava Tasimaciligi As PGSUS 9,777.00 63,128.00 0.28
B0L6750 Sanlam Ltd SLM 12,740.00 63,822.00 0.28
6440859 Capitec Bank Holdings Ltd CPI 312 62,383.00 0.28
6143761 Lupin Ltd LPC 2,782.00 62,915.00 0.28
6316121 Elite Material Co Ltd 2,383.00 2,000.00 60,477.00 0.27
2682365 Petroleo Brasileiro Sa - Petrobras PETR3 9,800.00 61,327.00 0.27
BD3CQ16 Moneta Money Bank As MONET 8,656.00 59,701.00 0.27
BN6NP19 NU Holdings Ltd/cayman Islands NU 4,400.00 60,368.00 0.27
6744807 International Games System Co Ltd 3,293.00 2,000.00 58,711.00 0.26
6718976 China Life Insurance Co Ltd 2,628.00 23,000.00 55,498.00 0.25
6725299 Zijin Mining Group Co Ltd 2,899.00 22,000.00 56,579.00 0.25
6579634 Union Bank Of India Ltd UNBK 31,613.00 56,631.00 0.25
B60LZR6 Agricultural Bank Of China Ltd 1,288.00 74,000.00 52,881.00 0.24
722304102 PDD Holdings Inc PDD 500 52,330.00 0.23
6600084 Mobile Telecommunications Co Kscp ZAIN 31,024.00 49,071.00 0.22
6047023 AMMB Holdings Bhd AMM 40,200.00 48,706.00 0.22
6139362 OIL & Natural Gas Corp Ltd ONGC 16,854.00 48,002.00 0.21
6495730 Korea Electric Power Corp 15,760.00 1,634.00 47,218.00 0.21
6225744 Compal Electronics Inc 2,324.00 44,000.00 43,764.00 0.20
BG7ZWY7 Ambev Sa ABEV3 18,400.00 45,008.00 0.20
BTFGH15 Bajaj Finance Ltd BAF 4,173.00 45,574.00 0.20
CNBP3R2B7 Shanghai Pudong Development Bank Co Ltd 600,000.00 22,700.00 44,038.00 0.20
6249658 Mirae Asset Securities Co Ltd 6,800.00 2,644.00 41,906.00 0.19
6139931 Gillette India Ltd GILL 318 40,453.00 0.18
912797PX9 United States Treasury Bill B 4.27 09/18/2025 40,000.00 39,629.00 0.18
B037HF1 NTPC Ltd NTPC 10,120.00 39,517.00 0.18
B63DG21 Powszechny Zaklad Ubezpieczen Sa PZU 2,350.00 41,094.00 0.18
B5L2DG6 Charoen Pokphand Foods Pcl CPF/F 57,200.00 40,507.00 0.18
B1VJS64 PAGE Industries Ltd PAG 69 39,755.00 0.18
B1359J0 PTT Exploration & Production Pcl PTTEP/F 11,500.00 38,758.00 0.17
B4WRJD2 Meritz Financial Group Inc 138,040.00 461 38,349.00 0.17
CNBD5CPS4 PING An Bank Co Ltd 000001 22,600.00 38,118.00 0.17
6346333 Novatek Microelectronics Corp 3,034.00 2,000.00 37,301.00 0.17
6196152 Citic Ltd 267 28,000.00 38,552.00 0.17
CNBD8P9J9 BANK Of Shanghai Co Ltd-a 601,229.00 24,000.00 35,576.00 0.16
CNBD5CJX7 Muyuan Foodstuff Co Ltd 2,714.00 6,100.00 35,819.00 0.16
CNBJLWMG7 Chongqing Rural Commercial Bank Co Ltd 601,077.00 36,800.00 36,712.00 0.16
CNBK94875 BANK Of Changsha Co Ltd 25,300.00 35,143.00 0.16
CNBP3R369 Jiangsu Hengrui Medicine Co Ltd 600,276.00 5,000.00 36,256.00 0.16
CNBP3R7X4 Western Mining Co Ltd 601,168.00 15,100.00 35,119.00 0.16
CNBP91NL0 Eastroc Beverage Group Co Ltd 605,499.00 800 35,103.00 0.16
BFPM3C8 Hyundai Rotem Co Ltd 64,350.00 244 35,408.00 0.16
B3ZVDV0 Sinopharm Group Co Ltd 1,099.00 14,400.00 33,803.00 0.15
B28PFX8 Emirates Nbd Bank Pjsc EMIRATES 5,543.00 34,411.00 0.15
B12M7Q5 Saudi Telecom Co STC 2,991.00 33,928.00 0.15
B1VRCG6 CMOC Group Ltd 3,993.00 33,000.00 33,678.00 0.15
CNBP3R9D8 Shandong Nanshan Aluminum Co Ltd 60,900.00 32,591.00 0.15
CNBP3R789 Zhejiang China Commodities City Group Co 600,415.00 11,600.00 33,544.00 0.15
CNBP3R5K7 Zhejiang Chint Electrics Co Ltd 601,877.00 10,700.00 33,905.00 0.15
CNBD5CPN9 GREE Electric Appliances Inc Of Zhuhai 000651 5,400.00 33,901.00 0.15
CNBFCCQG6 Satellite Chemical Co Ltd 2,648.00 13,900.00 33,687.00 0.15
6492838 Krung Thai Bank Pcl KTB/F 52,800.00 34,634.00 0.15
6537085 NH Investment & Securities Co Ltd 5,940.00 2,079.00 30,744.00 0.14
CNBD5CH66 Zhejiang Nhu Co Ltd 2,001.00 10,500.00 31,206.00 0.14
CNBP3R5T6 Zhengzhou Yutong Bus Co Ltd 600,066.00 9,000.00 31,266.00 0.14
CNBP3RBJ8 Yunnan Yuntianhua Co Ltd 600,096.00 10,100.00 31,007.00 0.14
BMDHSH4 HD Hyundai Heavy Industries Co Ltd 329,180.00 96 30,300.00 0.14
B29SK75 INDO Tambangraya Megah Tbk Pt ITMG 22,400.00 30,351.00 0.14
B4Z9XF5 COAL India Ltd COAL 6,830.00 31,232.00 0.14
BD0BDJ3 PTT Pcl PTT/F 32,000.00 29,549.00 0.13
CNBYQDMZ9 Guotai Junan Securities Co Ltd 601,211.00 11,100.00 29,737.00 0.13
CNBP3R5F2 Jiangsu Phoenix Publishing & Media Corp 601,928.00 18,200.00 28,411.00 0.13
CNBHQPSY7 Contemporary Amperex Technology Co Ltd 300,750.00 800 28,230.00 0.13
CNBD5CB75 Yunnan Aluminium Co Ltd 000807 13,300.00 29,719.00 0.13
6186023 EVA Airways Corp 2,618.00 21,000.00 28,663.00 0.13
6294863 Cummins India Ltd KKC 652 25,858.00 0.12
2036995 BRF Sa BRFS3 7,100.00 26,371.00 0.12
6462972 Industrial Bank Of Korea 24,110.00 1,998.00 26,985.00 0.12
CNBD5CJ60 Guangdong Haid Group Co Ltd 2,311.00 3,400.00 27,830.00 0.12
BVDKGC7 Beone Medicines Ltd 6,160.00 1,400.00 26,483.00 0.12
BSZLN15 NIEN Made Enterprise Co Ltd 8,464.00 2,000.00 27,882.00 0.12
BGHH0L6 WUXI Apptec Co Ltd 2,359.00 2,600.00 26,156.00 0.12
BJLVDM7 Zhejiang Leapmotor Technology Co Ltd 9,863.00 3,400.00 23,752.00 0.11
B611LV1 TATA Motors Ltd TTMT 3,186.00 25,559.00 0.11
BYYZ7D0 Interglobe Aviation Ltd INDIGO 345 24,061.00 0.11
B03NGS5 Powszechna Kasa Oszczednosci Bank Polski PKO 1,200.00 25,073.00 0.11
6327327 HERO Motocorp Ltd HMCL 506 24,999.00 0.11
6412591 Advanced Info Service Pcl ADVANC/F 2,800.00 23,999.00 0.11
2311120 Centrais Eletricas Brasileiras Sa ELET3 3,000.00 22,246.00 0.10
6695938 Petronas Dagangan Bhd PETD 4,400.00 22,496.00 0.10
BNYK8H9 Trip.com Group Ltd 9,961.00 400 23,425.00 0.10
CNBP3R2T5 Huaxia Bank Co Ltd 19,800.00 21,883.00 0.10
CNBS7K3K9 Zhejiang Zheneng Electric Power Co Ltd 600,023.00 30,800.00 22,812.00 0.10
B9DG2Q7 Japfa Comfeed Indonesia Tbk Pt JPFA 250,600.00 23,390.00 0.10
BGSQG47 Britannia Industries Ltd BRIT 342 23,333.00 0.10
BDVLJ72 Orion Corp/republic Of Korea 271,560.00 290 23,334.00 0.10
B1R3S15 Redington Ltd REDI 5,069.00 19,235.00 0.09
6726548 TVS Motor Co Ltd TVSL 600 20,416.00 0.09
6290902 LG Uplus Corp 32,640.00 1,982.00 20,983.00 0.09
6743956 Weichai Power Co Ltd 2,338.00 9,000.00 18,324.00 0.08
CNBP3R295 Industrial Bank Co Ltd 601,166.00 5,800.00 18,917.00 0.08
CNBMQBT81 Tianshan Aluminum Group Co Ltd 2,532.00 14,100.00 16,388.00 0.07
CNBP3R983 Zhejiang Juhua Co Ltd 600,160.00 4,000.00 16,047.00 0.07
BR56KD4 Hindustan Aeronautics Ltd HNAL 273 15,507.00 0.07
B1S34K5 Marico Ltd MRCO 1,908.00 16,073.00 0.07
B1377Y7 Saudi Advanced Industries Co SAIC 2,282.00 16,376.00 0.07
6868398 Telekom Malaysia Bhd T 10,600.00 16,500.00 0.07
7153639 Santander Bank Polska Sa SPL 111 15,253.00 0.07
B10LQP6 Totvs Sa TOTS3 2,000.00 15,574.00 0.07
B12LZK2 ARAB National Bank ARNB 2,677.00 15,502.00 0.07
B00FM86 Banco Bradesco Sa BBDC3 5,501.00 14,650.00 0.07
6099671 Huaneng Power International Inc 902 26,000.00 16,769.00 0.07
6139890 GE Vernova T&d India Ltd GVTD 595 16,400.00 0.07
6001728 ABU Dhabi Islamic Bank Pjsc ADIB 2,844.00 16,650.00 0.07
BD4HFR9 HD Hyundai Electric Co Ltd 267,260.00 33 12,371.00 0.06
BNC08V5 Petroreconcavo S/a RECV3 5,000.00 13,169.00 0.06
BMW4CV8 Eicher Motors Ltd EIM 186 12,271.00 0.05
BMH5517 Converge Information And Communications CNVRG 35,000.00 12,105.00 0.05
BRK3T77 TIPS Music Ltd TIPSMUSI 1,400.00 10,987.00 0.05
CNBP3R2M8 China Yangtze Power Co Ltd 600,900.00 2,800.00 11,790.00 0.05
BDVPYN5 OLD Mutual Ltd OMU 16,018.00 10,920.00 0.05
B1G1QD8 Industrial & Commercial Bank Of China Lt 1,398.00 15,000.00 11,910.00 0.05
B296ZH4 Sinotruk Hong Kong Ltd 3,808.00 4,000.00 11,684.00 0.05
B1YCHL8 CIA De Saneamento Basico Do Estado De Sa SBSP3 500 11,007.00 0.05
6080396 Anhui Conch Cement Co Ltd 914 4,500.00 11,463.00 0.05
6148272 Hyundai Motor Co 5,387.00 86 10,099.00 0.05
6391935 Hisense Home Appliances Group Co Ltd 921 4,000.00 10,927.00 0.05
B00XSF9 SINO Biopharmaceutical Ltd 1,177.00 18,000.00 12,109.00 0.05
6706250 PICC Property & Casualty Co Ltd 2,328.00 6,000.00 11,659.00 0.05
6565127 Bukit Asam Tbk Pt PTBA 59,800.00 9,065.00 0.04
6148119 NMDC Ltd NMDC 11,093.00 9,061.00 0.04
6141011 Quanta Computer Inc 2,382.00 1,000.00 9,406.00 0.04
B1323K0 Sabic Agri-nutrients Co SAFCO 312 8,921.00 0.04
B1HVJ16 China Communications Services Corp Ltd 552 16,000.00 8,685.00 0.04
BP6QXH4 Grupo Cibest Sa CIBEST 742 9,267.00 0.04
BMC8DS4 Paras Defence & Space Technologies Ltd PARAS 400 7,453.00 0.03
BMVH0Q9 Arabian Internet & Communications Servic SOLUTION 88 6,249.00 0.03
BNC0DB0 Piraeus Financial Holdings Sa TPEIR 1,004.00 6,955.00 0.03
B1L2RC2 Haitian International Holdings Ltd 1,882.00 3,000.00 7,812.00 0.03
BDG1977 Emaar Development Pjsc EMAARDEV 1,708.00 6,288.00 0.03
2000257 Banco Santander Chile BSAN 102,315.00 6,425.00 0.03
6451022 Hyundai Motor Co 5,385.00 68 7,765.00 0.03
6987583 YANG Ming Marine Transport Corp 2,609.00 3,000.00 7,292.00 0.03
MESU5 INDE MSCI Emgmkt Sep25 MESU5 09/19/2025 493,400.00 7,144.00 0.03
B12LSY7 Saudi Awwal Bank SABB 593 5,326.00 0.02
BKX8X23 Newborn Town Inc 9,911.00 4,000.00 5,022.00 0.02
B01FLR7 PING An Insurance Group Co Of China Ltd 2,318.00 500 3,191.00 0.01
B03MYS8 Turkiye Is Bankasi As ISCTR 1 0.00 0.00
9FFH1U56VC Zar/usd Spot 20250702 0010 ZAR 07/02/2025 -134,058.00 -53.00 0.00
0MTA26OCKE Pln/usd Spot 20250701 0010 PLN 07/01/2025 95,915.00 87.00 0.00
4767981 OFAC Restr Sberbank Of Russia Pjsc SBER 55,364.00 0.00 0.00
BLNM4K7 Phosagro Pjsc Npv Gdr 4 0.00 0.00
BNZGRT1 Phosagro Pjsc PHOR 2 0.00 0.00
C987MV3LN0 Eur/usd Spot 20250701 0010 EUR 07/01/2025 11,839.00 66.00 0.00
F31TQ0I3AK Try/usd Spot 20250701 0010 TRY 07/01/2025 -1,386,587.00 -101.00 0.00
I5QIV10IU7 Hkd/usd Spot 20250702 0010 HKD 07/02/2025 -4,392,324.00 -3.00 0.00
B3ZQM29 Phosagro Pjsc PHOR 232 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
QOUMH93RT4 Cnh/usd Spot 20250702 Bnym CNH 07/02/2025 -4,044.00 -1.00 0.00
SR4LD5AU0R Hkd/usd Spot 20250703 0010 HKD 07/03/2025 3,285,315.00 -48.00 0.00
CURRENCY Currency -516,746.00 -1,188.00 -0.01

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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.

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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