PQMCX — PGIM QMA Large-Cap Core Equity Plus Fund
Data updated: 2021-08-26
PQMCX — PGIM QMA Large-Cap Core Equity Plus Fund. Global (incl. US) Large Cap Blend / Core Equity · $28.00M AUM. Holdings, fees, performance and SEC filings.
PQMCX Fund Overview
PQMCX — PGIM QMA Large-Cap Core Equity Plus Fund is a US mutual fund managed by Prudential Investment Portfolios 12, categorised as Global (incl. US) Large 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 12
- Category: Global (incl. US) Large Cap Blend / Core Equity
- Assets under management: $28.00M
- 1-year return: 28.8%
- Ticker: PQMCX
- SEC CIK: 0001051562
- SEC series ID: S000059000
- Share class ID: C000193534
PQMCX Investment Objective and Strategy
PGIM QMA Large-Cap Core Equity Plus 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 uses a long/short investment strategy in seeking to achieve its investment objective. This means the Fund sells short a portion of its portfolio and uses the proceeds of the shorts, or other borrowings, to purchase additional stocks long. The Fund will generally effect its long/short strategy primarily through selling securities short and borrowing money from banks to invest in long positions held by the Fund, as permitted under the Investment Company Act of 1940 (the 1940 Act). This investment technique is known as leverage. When the Fund is borrowing money for investment purposes or otherwise leveraging its portfolio, any increase or decrease in the Fund's net asset value (NAV) is exaggerated by the use of leverage. These exposures may change due to price movements between rebalances.
The use of leverage may also cause the Fund to liquidate positions when it may not be advantageous to do so to satisfy its obligations or meet asset segregation requirements. In constructing its portfolio, the Fund uses a multi-factor quantitative model to evaluate each security considered for investment, and to consider the security's impact on the Fund's active risk. The subadviser describes active risk as deviation from the Funds benchmark index. Under normal circumstances, the Fund invests at least 80% of its investable assets (which will reflect the value of its long positions less the value of its short positions) in equity and equity-related securities of large-capitalization US issuers. The Fund considers large capitalization companies to be those with market capitalizations within the market cap range of companies included in the Russell 1000 Index or the Standard & Poors 500 Index (the S&P 500 Index).
The Fund: uses the Russell 3000 Index as its investment universe targets a long exposure of 130% and a short exposure of 30% (total gross exposure of 160%) targets a net long exposure of 100% 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 the Fund has borrowed money for non-investment purposes, such as to meet redemptions. By employing this long/short active extension strategy, the Fund seeks to produce returns that exceed those of its benchmark index, the S&P 500 Index. The S&P 500 Index is an unmanaged, market-weighted index of over 500 stocks selected by S&P Dow Jones Indices, a division of S&P Global (S&P), on the basis of their market size, liquidity and industry group representation.
The S&P 500 Index is widely regarded as representative of the performance of the larger companies in the US stock market as a whole. For long positions , the subadviser will seek to identify companies that it believes offer the potential for attractive returns. For short positions , the subadviser will sell securities short that it believes may not perform as well as comparable securities (i.e., securities it believes may not appreciate as much as comparable securities in rising markets, or it believes may depreciate more than comparable securities in declining markets). The subadviser will hold both long and short positions to manage the Fund's deviation from its benchmark. Selling short means that the Fund may sell a security that it does not own. The Fund borrows the security to deliver to the buyer in a short sale.
The Fund must then replace the borrowed security by purchasing it at the market price at the time of replacement. Short sales involve costs and risk. The Fund must pay the lender any dividends or interest that accrue on the security it borrows, and the Fund will lose money if the price of the security increases between the time of the short sale and the date when the Fund replaces the borrowed security. For purposes of the Funds 80% investment policy, US issuers are issuers whose primary listing is on a securities exchange or market inside the United States. The Fund may also invest in American Depository Receipts (ADRs), American Depository Shares (ADSs) and other similar receipts or shares traded in US markets. The Fund may invest in companies of any market capitalization.
PQMCX Performance
Total returns for PQMCX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 28.8% |
| 3 years (annualised) | 10.9% |
PQMCX Risk Information
Risk metrics for PQMCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.1%
PQMCX Costs and Fees
PQMCX costs about $219 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.19%
- Gross expense ratio: 122.94%
- Portfolio turnover: 107%
- Brokerage commissions: 93.38 bps of average net assets (SEC N-CEN)
PQMCX Cashflows
Over the 12 months to 2021-06, PGIM QMA Large-Cap Core Equity Plus Fund had net inflows of $825.35K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-06 | $29.09K |
| 2021-05 | $106.04K |
| 2021-04 | $160.89K |
| 2021-03 | $45.67K |
| 2021-02 | $65.32K |
| 2021-01 | $74.68K |
PQMCX Debt Constituents
No individual debt constituents are reported in PGIM QMA Large-Cap Core Equity Plus Fund's latest SEC N-PORT filing.
PQMCX Prospectus and SEC Filings
Official PGIM QMA Large-Cap Core Equity Plus 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 2021-08-26
- Portfolio holdings (N-PORT) — filed 2021-05-20
- Portfolio holdings (N-PORT) — filed 2021-02-25
- Annual census (N-CEN) — filed 2021-06-09
- Annual census (N-CEN) — filed 2020-06-08
Related Funds
Other Global (incl. US) Large 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.