PGIM Quant Solutions Mid-Cap Value Fund - Class R2 (PMVEX)
| Fund Assets | 157.84M |
| Expense Ratio | 1.23% |
| Min. Investment | $0.00 |
| Turnover | 97.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 1.27% |
| Dividend Growth | -17.56% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 20, 2024 |
| Previous Close | 25.66 |
| YTD Return | 5.08% |
| 1-Year Return | 13.39% |
| 5-Year Return | 111.96% |
| 52-Week Low | 20.83 |
| 52-Week High | 26.73 |
| Beta (5Y) | n/a |
| Holdings | 251 |
| Inception Date | Dec 28, 2017 |
About PMVEX
PGIM Quant Solutions Mid-Cap Value Fund Class R2 is a mutual fund focused on delivering performance by investing in a diversified portfolio of U.S. mid-cap stocks that are considered undervalued according to quantitative analysis. The fund seeks to outperform the Russell Midcap Value Index through systematic, data-driven strategies that assess company valuations and market trends. Centered on the mid-cap value segment, it primarily targets companies with market capitalizations typically between $1 billion and $8 billion—firms that represent about 20% of the total U.S. equity market and often blend characteristics of both growth and stability. By leveraging quantitative models, the fund systematically identifies mid-sized companies that are attractively priced, often based on low price ratios and higher dividend yields. Its diversified approach spans multiple sectors, emphasizing disciplined portfolio construction while aiming for consistent long-term results. The fund’s role in the broader financial market is to provide investors with access to mid-cap equities that may have been overlooked by more traditional investment styles, serving as a complementary holding in a diversified portfolio.
Performance
PMVEX had a total return of 13.39% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.19%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FMPEX | Fidelity | Fidelity Advisor Mid Cap Value Fund - Class C | 1.87% |
| FMPTX | Fidelity | Fidelity Advisor Mid Cap Value Fund - Class M | 1.37% |
| FMPAX | Fidelity | Fidelity Advisor Mid Cap Value Fund - Class A | 1.12% |
| FIDFX | Fidelity | Fidelity Advisor Mid Cap Value Fund - Class Z | 0.75% |
| FMPOX | Fidelity | Fidelity Advisor Mid Cap Value Fund - Class I | 0.87% |
Top 10 Holdings
10.15% of assets| Name | Symbol | Weight |
|---|---|---|
| Charter Communications, Inc. | CHTR | 1.15% |
| Exelon Corporation | EXC | 1.15% |
| Cognizant Technology Solutions Corporation | CTSH | 1.12% |
| Cummins Inc. | CMI | 1.04% |
| Simon Property Group, Inc. | SPG | 1.00% |
| Zoom Communications Inc. | ZM | 0.96% |
| NRG Energy, Inc. | NRG | 0.96% |
| United Airlines Holdings, Inc. | UAL | 0.93% |
| CF Industries Holdings, Inc. | CF | 0.92% |
| VeriSign, Inc. | VRSN | 0.91% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 20, 2024 | $0.3266 | Dec 20, 2024 |
| Dec 20, 2023 | $0.39618 | Dec 20, 2023 |
| Dec 20, 2022 | $0.30987 | Dec 20, 2022 |
| Dec 20, 2021 | $0.25086 | Dec 20, 2021 |
| Dec 18, 2020 | $0.28537 | Dec 18, 2020 |
| Dec 18, 2019 | $0.39677 | Dec 18, 2019 |