PGIM Quant Solutions Stock Index Fund
PSICX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Prudential Investment Portfolios 8 DE United States of America
- IPO Date
- Nov 18, 1999
- CIK
- 0000887991
- Website
- pgim.com
- Similar Companies
- Business
- PGIM Quant Solutions Large-Cap Index Fund (Class C) (PSICX) is an open-end mutual fund that seeks to mirror the price and yield performance of the S&P 500 Index by investing at least 80% of its assets in the securities comprising the index, in approximate proportion to their index weightings; it offers multiple share classes including A (PSIAX), C (PSICX), I, R6, and Z (PSIFX) with varying expense ratios from 0.12% to 1.26%; the fund maintains a low turnover ratio of 15% and a beta of 1.00 relative to the benchmark, providing core equity exposure across sectors such as information technology (33.8%), financials (12.8%), communication services (10.5%), consumer discretionary (10.0%), and healthcare (9.6%). The fund, domiciled in the United States and available primarily to U.S. investors through financial intermediaries, targets long-term investors seeking diversified large-cap blend equity holdings with top positions in companies like NVIDIA Corp (7.2%), Apple Inc (6.9%), and Microsoft Corp (6.1%); it is managed by Edward Lithgow (since 2016) and Stacie Mintz (since 2021), who employ quantitative strategies within PGIM Quantitative Solutions, a division of PGIM, the global investment management arm of Prudential Financial, Inc., headquartered in Newark, New Jersey. Launched on November 18, 1999, for the Class C shares, with the broader fund series dating back to 1992, PSICX manages approximately $26 million in share class assets within the fund's total net assets exceeding $950 million as of late 2025. In recent developments, PGIM, the parent organization, entered a strategic partnership with Partners Group in September 2025 to develop multi-asset portfolio solutions combining public and private markets expertise for individual and institutional investors; additionally, PGIM merged its public fixed income and private credit businesses in June 2025 to form a unified $1 trillion global credit platform, enhancing scale and operational efficiency across asset classes.