PGIM Quant Solutions Mid-Cap Value Fund
SPRAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Prudential Investment Portfolios, Inc 10 MD United States of America
- IPO Date
- Apr 12, 2004
- CIK
- 0001035018
- Website
- pgim.com
- Similar Companies
- Business
- PGIM Quant Solutions Mid-Cap Value Fund (SPRAX) is an open-end mutual fund that seeks long-term capital growth by investing at least 80% of its investable assets in equity and equity-related securities of mid-cap companies, defined within the market capitalization range of the Russell Midcap Index, with a focus on value-oriented stocks exhibiting low valuations, high dividend yields, and slower growth rates. The fund offers multiple share classes including Class A (SPRAX, with a 5.50% front-end load and net expense ratio of 1.13%), Class C, R, R2, R4, R6, and Z, catering to individual and institutional investors seeking diversification and exposure to underpriced mid-sized U.S. companies across sectors such as industrials, financials, information technology, healthcare, and utilities. PGIM Quantitative Solutions, the fund's adviser and a specialist in systematic quantitative investing, is headquartered in Newark, New Jersey, with additional offices in San Francisco, California, and operates primarily in the United States. Launched on April 12, 2004, and managed by Stephen Courtney since April 25, 2014, and co-manager Stacie Mintz since November 7, 2023, the fund maintains a portfolio with an average weighted market capitalization of approximately $22.3 billion, a P/E ratio of 15.2, and a 12-month turnover ratio of 97%, emphasizing a diversified holdings strategy with top positions in companies like Western Digital Corp, Bank of New York Mellon Corp, Exelon Corp, Allstate Corp, and Synchrony Financial. In recent developments, PGIM Quantitative Solutions expanded its Quantitative Equity, Multi-Asset, and Distribution teams in April 2025 with strategic senior hires and junior talent to enhance investment capabilities and distribution efforts, reinforcing its position as a pioneer in systematic investing since its founding in 1975 as part of PGIM, the global investment management business of Prudential Financial, Inc. The fund family, including SPRAX, earned recognition as #4 in Barron's Best Fund Families ranking for the one-year period ended December 31, 2024, based on asset-weighted returns among 48 qualifying families, with total net assets under management for SPRAX reaching approximately $166 million as of late 2025. These enhancements support ongoing portfolio management amid a focus on mid-cap value opportunities in the U.S. equity market.