PLHCX — PGIM QMA Long-Short Equity Fund
Data updated: 2021-11-18
PLHCX — PGIM QMA Long-Short Equity Fund. United States Blend / Core Equity · $26.94M AUM · 2.59% expense ratio. Holdings, fees, performance and SEC filings.
PLHCX Fund Overview
PLHCX — PGIM QMA Long-Short Equity Fund is a US mutual fund managed by Prudential Investment Portfolios 12, categorised as United States Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Prudential Investment Portfolios 12
- Category: United States Blend / Core Equity
- Assets under management: $26.94M
- 1-year return: 7.9%
- Ticker: PLHCX
- SEC CIK: 0001051562
- SEC series ID: S000045503
- Share class ID: C000141650
PLHCX Investment Objective and Strategy
PGIM QMA Long-Short Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Prudential Investment Portfolios 12.
Investment objective
The investment objective of the Fund is to seek long-term capital appreciation.
Principal investment strategy
The Fund will seek to achieve its investment objective by investing, under normal conditions, at least 80% of its investable assets in equity and equity-related securities. The term investable assets refers to the Funds net assets plus any borrowings for investment purposes. The Funds investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. The Fund may invest in issuers of all market capitalization ranges and will primarily invest in US issuers. The Fund considers US issuers to be issuers listed on a US exchange. The Funds investment subadviser, Quantitative Management Associates LLC (QMA), will employ a long-short strategy, utilizing both long and short positions in equities and equity-related securities.
A long position arises where the Fund holds a security in its portfolio. The Fund will have a short position where it sells a security it does not own by delivery of a borrowed security. The Funds long positions will be approximately 100% of the Funds portfolio value. To adjust the Fund's market exposure, QMA may vary its short positions from 20% to 80%. The Fund is expected to typically maintain a net long market exposure between 20% to 80%. The Funds strategy may result in a portfolio turnover rate in excess of 100% on an annual basis. QMAs equity investment strategy employs a quantitatively driven, bottom up investment process. The stock selection process utilizes an adaptive model that evaluates stocks differently based on their growth expectations. The market exposure may vary and will be based on a combination of multiple analytical and forecasting tools, as well as portfolio manager judgment and discretion.
QMA constructs a portfolio that seeks to maximize the portfolios investment in the most attractive stocks identified by the model subject to risk constraints. Equity and equity-related securities include common and preferred stock, exchange-traded funds (ETFs), securities convertible into common stock, securities having common stock characteristics, futures contracts, and other derivative instruments whose value is based on common stock, such as rights, warrants, or options to purchase common stock.
PLHCX Performance
Total returns for PLHCX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 7.9% |
| 3 years (annualised) | -4.3% |
PLHCX Risk Information
Risk metrics for PLHCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.4%
PLHCX Costs and Fees
PLHCX costs about $259 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.59%
- Gross expense ratio: 2.84%
- Portfolio turnover: 206%
- Brokerage commissions: 148.48 bps of average net assets (SEC N-CEN)
PLHCX Cashflows
Over the 12 months to 2021-09, PGIM QMA Long-Short Equity Fund had net inflows of $105.91M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-09 | $1.88M |
| 2021-08 | $6.42M |
| 2021-07 | $1.91M |
| 2021-06 | $17.84M |
| 2021-05 | $5.56M |
| 2021-04 | $6.60M |
PLHCX Debt Constituents
No individual debt constituents are reported in PGIM QMA Long-Short Equity Fund's latest SEC N-PORT filing.
PLHCX Prospectus and SEC Filings
Official PGIM QMA Long-Short Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-05-27
- Prospectus (485BPOS) — filed 2020-06-17
- Prospectus (485BPOS) — filed 2019-06-14
- Portfolio holdings (N-PORT) — filed 2021-11-18
- Portfolio holdings (N-PORT) — filed 2021-08-26
- Portfolio holdings (N-PORT) — filed 2021-05-20
- Annual census (N-CEN) — filed 2021-06-09
- Annual census (N-CEN) — filed 2020-06-08
Related Funds
Other United States Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.