PQBMX — PGIM Quant Solutions US Broad Market Index Fund
Data updated: 2023-12-22
PQBMX — PGIM Quant Solutions US Broad Market Index Fund. Holdings, fees, performance and SEC filings.
PQBMX Fund Overview
PQBMX — PGIM Quant Solutions US Broad Market Index Fund is a US mutual fund managed by Prudential Investment Portfolios 2, categorised as Global (incl. US) Multi-Cap / All-Cap 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 2
- Category: Global (incl. US) Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $37.86M
- 1-year return: 8.8%
- Ticker: PQBMX
- SEC CIK: 0001099692
- SEC series ID: S000055766
- Share class ID: C000175588
PQBMX Investment Objective and Strategy
PGIM Quant Solutions US Broad Market Index Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Prudential Investment Portfolios 2.
Investment objective
The Fund's investment objective is to seek to provide investment results that approximate the performance of the S&P Composite 1500 Index.
Principal investment strategy
The Fund intends, under normal market conditions, to invest over 80% of its investable assets in securities included in the S&P Composite 1500 Index (the Index) in approximately the same proportions as those of the Index. The Fund is not sponsored by or affiliated with S&P Global Ratings (S&P). The term investable assets in this Prospectus refers to the Fund's net assets plus any borrowings for investment purposes. The Fund's 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. As of August 31, 2018, the companies included in the Index have market capitalizations ranging from $99 million to $1.1 trillion. The principal type of equity and equity-related securities in which the Fund invests is common stock.
In addition to common stocks, the Fund may invest in a combination of cash-equivalent instruments and stock index futures, with the amount committed at any time as initial margin on open futures positions not to exceed 5% of the Funds total assets, and exchange-traded funds (ETFs) which replicate the Index up to a maximum of 5% of the total assets of the Fund at time of purchase. Replication and Sampling Methods. The Fund shall seek to replicate the Index to the extent possible, taking into account asset levels, capital flows and trade size, by investing over 80% of its investable assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index. Where it may not be possible or practicable to purchase all of the securities of the Index, the subadviser may use a sampling strategy based on market capitalization and industry weightings.
The subadviser may also use stock index futures and/or ETFs to achieve the investment objective. The relative portfolio holdings of the Fund at any time may not be precisely identical to the proportions of holdings of the Index. Although the Fund will invest over 80% of its investable assets in securities that comprise the Index, the Fund may at times hold securities that are either to be added to or have been deleted from the Index. When a security is removed from the Index, the Fund will sell it within a reasonable time. In addition, the Fund's holdings may change for other reasons, such as when the Fund receives securities of companies spun off from companies in the Index. The subadviser will try to minimize the difference between the investment results of the Fund and those of the Index.
Tracking of the Index will be monitored regularly. In addition to potential tracking differences, brokerage, transaction costs and other Fund expenses will cause the Fund's return to be lower than the return of the Index. Although index funds, by their nature, tend to be tax-efficient vehicles, the Fund is managed without regard to tax consequences. The Fund is not actively managed by portfolio managers who buy and sell securities based on research and analysis. Derivative Strategies Derivatives are financial instruments whose value depends upon, or is derived from, the value of something else, such as one or more underlying investments, indexes or currencies. A derivative contract will obligate or entitle the Fund to deliver or receive an asset or cash payment based on the change in value of one or more investments, indexes or currencies.
The subadviser may use various derivative strategies to try to improve the Fund's returns. Derivatives may be traded on organized exchanges, or in individually negotiated transactions with other parties (these are known as over-the-counter derivatives). When the Fund uses derivative strategies, the Fund designates certain assets as segregated or otherwise covers its exposure, as required by the rules of the Securities and Exchange Commission. Although the Fund has the flexibility to make use of derivatives, it may choose not to for a variety of reasons, even under very volatile market conditions.
PQBMX Performance
Total returns for PQBMX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 8.8% |
| 3 years (annualised) | 10.0% |
PQBMX Risk Information
Risk metrics for PQBMX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.0%
PQBMX Costs and Fees
PQBMX costs about $20 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.20%
- Gross expense ratio: 0.54%
- Portfolio turnover: 13%
- Brokerage commissions: 0.16 bps of average net assets (SEC N-CEN)
PQBMX Cashflows
Over the 12 months to 2023-10, PGIM Quant Solutions US Broad Market Index Fund had net inflows of $26.16M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-10 | $882.52K |
| 2023-09 | $1.34M |
| 2023-08 | $1.58M |
| 2023-07 | $1.75M |
| 2023-06 | $1.51M |
| 2023-05 | $1.50M |
PQBMX Debt Constituents
No individual debt constituents are reported in PGIM Quant Solutions US Broad Market Index Fund's latest SEC N-PORT filing.
PQBMX Prospectus and SEC Filings
Official PGIM Quant Solutions US Broad Market Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-09-28
- Prospectus (485BPOS) — filed 2022-09-28
- Prospectus supplement (497) — filed 2021-12-14
- Portfolio holdings (N-PORT) — filed 2023-12-22
- Portfolio holdings (N-PORT) — filed 2023-09-26
- Portfolio holdings (N-PORT) — filed 2023-06-23
- Annual census (N-CEN) — filed 2023-10-13
- Annual census (N-CEN) — filed 2022-10-14
Related Funds
Other Global (incl. US) Multi-Cap / All-Cap 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.