Investment objective & strategy
As of April 28, 2025 · prospectusObjective. The investment objective of the Fund is long-term growth of capital .
Strategy. Under normal circumstances, the Fund invests at least 80% of its investable assets in the common stock of large-capitalization companies. 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 currently considers large-capitalization companies as companies with market capitalizations within the range of companies included in the Russell 1000 Index or the S&P 500 Index. The Fund invests in a diversified portfolio of large-capitalization company stocks that the subadviser believes are attractively priced when evaluated using quantitative measures such as price-to-earnings (P/E), price-to-cash flow … Under normal circumstances, the Fund invests at least 80% of its investable assets in the common stock of large-capitalization companies. 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 currently considers large-capitalization companies as companies with market capitalizations within the range of companies included in the Russell 1000 Index or the S&P 500 Index. The Fund invests in a diversified portfolio of large-capitalization company stocks that the subadviser believes are attractively priced when evaluated using quantitative measures such as price-to-earnings (P/E), price-to-cash flow (P/CF), and price-to-book (P/B) ratios. In selecting investments for the Fund, the subadviser uses a value strategy. Although the strategy emphasizes attractive valuations, the subadviser also considers other quantifiable characteristics of a company. Such characteristics may include, among others, measures of earnings quality, external financing, or trends in the earnings outlook. The emphasis placed on valuation and other factors may vary over time and with market conditions. Quantitative techniques, which focus on objective measurement and analysis of data, also guide portfolio construction. To manage risk, the subadviser limits certain exposures such as the proportion of assets invested in an individual stock or industry. Although the strategy is primarily quantitative, the subadvisers investment management team also exercises judgment when evaluating underlying data and positions recommended by its quantitative process. At times, the Fund may have a significant portion of its assets invested in the same economic sector.
Top holdings
As of Feb. 27, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| JOHNSON&JOHNSON | — | $7.31M | 2.87% |
| BERKSHIRE HATH-B | — | $5.05M | 1.98% |
| ALPHABET INC CL A | — | $4.77M | 1.87% |
| JPMORGAN CHASE and CO | — | $4.74M | 1.86% |
| MICRON TECHNOLOGY INC | — | $4.66M | 1.83% |
| VERIZON COMMUNICATIONS INC | — | $4.15M | 1.63% |
| GOLDMAN SACHS GROUP INC | — | $4.12M | 1.62% |
| AT&T INC | — | $3.81M | 1.50% |
| MORGAN STANLEY | — | $3.72M | 1.46% |
| ALTRIA GROUP INC | — | $3.43M | 1.35% |
Portfolio moves
Nov 28, 2025 → Feb 27, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Fidelity Enhanced Large Cap Value ETF · FELV | 44% | 0.18% |
| SA Franklin Systematic U.S. Large Cap Value Portfolio | 43% | 0.64% |
| Global Atlantic BlackRock Disciplined Value Portfolio | 43% | 0.57% |
Advisers
| Firm | Role |
|---|---|
| PGIM INVESTMENTS LLC | Adviser |
| PGIM Quantitative Solutions LLC | Sub-adviser |
Footnotes
- Expense ratio as of April 28, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 27, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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