PGIM Quant Solutions International Equity Fund;Z
PJIZX
NASDAQ10.94
USD
-0.03
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PGIM Quant Solutions International Equity Fund;Z
PJIZX
(NASDAQ)
Recent
price
10.94
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- PGIM Quant Solutions International Equity Fund-Class Z (PJIZX) is an open-end mutual fund that seeks long-term growth of capital by investing at least 80% of its investable assets in a diversified portfolio of growth and value stocks of non-North American companies, including those in developed and emerging markets outside the United States and Canada; it benchmarks performance against the MSCI All Country World Index ex-US or similar international equity indices. The fund offers Class Z shares with a net expense ratio of 1.01% (contractual through February 28, 2026), targeting institutional and high-net-worth investors seeking broad exposure to foreign large-cap blend equities across sectors such as financials (24.1%), industrials (14.6%), and information technology (14.5%), with geographic concentrations in Japan (11.5%), Canada (8.5%), China (8.4%), and the United Kingdom (7.9%). Managed by PGIM Quantitative Solutions LLC, a subsidiary of PGIM (the global investment management arm of Prudential Financial, Inc.) founded in 1975 and headquartered at 655 Broad Street, Newark, New Jersey, the fund launched on March 1, 2000, with total net assets of approximately $288 million as of late 2025. PGIM Quantitative Solutions applies a systematic, factor-based quantitative investment process incorporating behavioral bias analysis, momentum investing, unstructured data, and ESG considerations to construct the portfolio, which features top holdings like Taiwan Semiconductor Manufacturing (3.9%), Tencent (1.5%), Roche (1.3%), Novartis (1.3%), and ASML (1.2%); the strategy emphasizes large-cap companies with an average weighted market capitalization of $136 billion, a P/E ratio of 13.3, beta of 0.99, and 12-month turnover of 111%. In recent developments, PGIM Quantitative Solutions has benefited from parent company PGIM's strategic expansions, including an agreement in December 2025 to acquire Montana Capital Partners to enhance its $253 billion alternatives platform with customized private market solutions; a strategic partnership with Partners Group announced in December 2025 to develop multi-asset portfolio solutions broadening access to private markets; and a June 2025 merger of PGIM's public and private credit arms into a unified $1 trillion global credit platform. Additionally, Prudential Financial realigned leadership in December 2025, placing key units including PGIM's multi-asset and quantitative solutions under CEO Andrew Sullivan effective February 2026, aiming to streamline operations. These initiatives support PGIM Quantitative Solutions' growth, with assets under management reaching $111.3 billion as of April 2025 across equity, multi-asset, and quantitative strategies for institutional clients worldwide.