PGIM Quant Solutions Mid-Cap Value Fund- Class C (NCBVX) is an open-end mutual fund that seeks capital growth by investing at least 80% of its investable assets in equity and equity-related securities of mid-cap companies, defined as those within the market capitalization range of the Russell Midcap Index at the time of purchase; most assets are allocated to U.S. equities, with up to 25% permitted in real estate investment trusts (REITs). The fund employs advanced quantitative techniques for stock selection and portfolio construction, emphasizing value-oriented mid-cap stocks across sectors including industrials (17.8%), financials (14.9%), information technology (14.3%), healthcare (12.4%), and utilities (8.1%), with top holdings such as Western Digital Corp, Bank of New York Mellon Corp, Exelon Corp, Allstate Corp, and Synchrony Financial. Managed by PGIM Quantitative Solutions, a division of PGIM headquartered in Newark, New Jersey, with additional offices in San Francisco and London, the fund targets individual and institutional investors in the United States and operates within the mid-cap value category.
Launched on August 19, 1998, the fund features a net expense ratio of 1.95% for Class C shares, which carry a 1.00% deferred load, a minimum initial investment of $1,000, and total net assets of approximately $167 million as of late 2025. PGIM Quantitative Solutions, founded in 1975 as a pioneer in systematic investing, manages over $100 billion in assets and recently celebrated its 50th anniversary while adjusting aspects of its quantitative investment process to enhance performance consistency relative to benchmarks. In September 2025, PGIM entered a strategic partnership with Partners Group to develop multi-asset portfolio solutions combining public and private markets expertise, enhancing diversification options for investors; additionally, PGIM agreed to acquire Montana Capital Partners in December 2025 to bolster its $253 billion alternatives platform, and merged its public and private credit arms in June 2025 to form a $1 trillion global business unit.