PTQLX: PGIM QMA Global Tactical Allocation R6

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PTQLX PGIM QMA Global Tactical Allocation R6


Profile

PTQLX - Profile

Vitals

  • YTD Return -11.5%
  • 3 Yr Annualized Return -3.7%
  • 5 Yr Annualized Return -2.2%
  • Net Assets $34.1 M
  • Holdings in Top 10 94.6%

52 WEEK LOW AND HIGH

$8.65
$7.99
$10.22

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.88%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multialternative

Distributions

  • YTD Total Return -11.5%
  • 3 Yr Annualized Total Return -3.7%
  • 5 Yr Annualized Total Return -2.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.82%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    PGIM QMA Global Tactical Allocation Fund
  • Fund Family Name
    PGIM Funds (Prudential)
  • Inception Date
    Apr 21, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Marco Aiolfi

Fund Description

In seeking long-term risk adjusted total return, the fund will balance the level of risk with the return opportunities of its investments. To access return opportunities the fund will utilize targeted long and short exposures to diverse potential sources of return across and within global equities, global bonds, commodities and currencies markets (also referred to herein as the "asset classes"). A "long" exposure will benefit the fund when the underlying asset increases in price. A "short" exposure will benefit the fund when the underlying asset decreases in price. The fund is non-diversified.


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Categories

PTQLX - Mutual Fund Categories


Performance

PTQLX - Performance

Return Ranking - Trailing

Period PTQLX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.5% -51.9% 165.7% 87.45%
1 Yr -13.7% -59.7% 132.2% 91.28%
3 Yr -3.7%* -20.1% 29.4% 83.56%
5 Yr -2.2%* -39.7% 11.7% 81.31%
10 Yr N/A* -38.5% 12.0% N/A

* Annualized

Return Ranking - Calendar

Period PTQLX Return Category Return Low Category Return High Rank in Category (%)
2019 8.6% -39.5% 46.8% 76.69%
2018 -9.2% -31.8% 19.0% 45.89%
2017 3.9% -27.1% 46.3% 72.80%
2016 -1.2% -84.5% 146.1% 91.34%
2015 N/A -40.7% 14.6% N/A

Total Return Ranking - Trailing

Period PTQLX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.5% -51.9% 165.7% 87.45%
1 Yr -13.7% -59.7% 132.2% 91.28%
3 Yr -3.7%* -20.1% 29.4% 89.08%
5 Yr -2.2%* -39.7% 11.7% 89.99%
10 Yr N/A* -38.5% 12.8% N/A

* Annualized

Total Return Ranking - Calendar

Period PTQLX Return Category Return Low Category Return High Rank in Category (%)
2019 8.6% -39.5% 46.8% 76.80%
2018 -9.2% -27.6% 19.0% 68.44%
2017 3.9% -27.1% 46.3% 87.17%
2016 -1.2% -84.5% 146.1% 95.80%
2015 N/A -36.9% 14.6% N/A

NAV & Total Return History


Holdings

PTQLX - Holdings

Concentration Analysis

PTQLX Category Low Category High PTQLX % Rank
Net Assets 34.1 M 100 K 161 B 84.04%
Number of Holdings 103 2 13590 52.16%
Net Assets in Top 10 33.4 M -35.2 M 27.1 B 73.25%
Weighting of Top 10 94.56% 10.6% 100.0% 6.96%

Top 10 Holdings

  1. United States Treasury Bills 0.13% 38.98%
  2. United States Treasury Bills 0.22% 34.83%
  3. Pdcx Gtaa Cayman Sub 14.41%
  4. E-mini S&P 500 Future June 20 3.46%
  5. Trs - Smm0 Swiss Mkt Ix Futr Jun20- Cs_r Receive Leg F At Maturity 0.71%
  6. Euro Stoxx 50 Future June 20 0.65%
  7. TOPIX Future June 20 0.46%
  8. Dax Future June 20 0.44%
  9. S&P TSX 60 Index Future June 20 0.37%
  10. Trs - Bzm0 Bovespa Index Fut Jun20- Cs_r Receive Leg F At Maturity 0.24%

Asset Allocation

Weighting Return Low Return High PTQLX % Rank
Bonds
73.84% -5.02% 80.79% 4.84%
Other
14.03% -10.55% 167.50% 8.02%
Cash
7.04% -120.83% 149.68% 37.35%
Stocks
5.09% -113.74% 77.51% 91.26%
Preferred Stocks
0.00% 0.00% 45.01% 88.27%
Convertible Bonds
0.00% -0.67% 85.36% 93.42%

Stock Sector Breakdown

Weighting Return Low Return High PTQLX % Rank
Technology
19.21% 0.00% 100.00% 44.69%
Financial Services
15.49% 0.00% 60.94% 32.43%
Healthcare
13.29% 0.00% 54.42% 71.37%
Consumer Cyclical
10.70% 0.00% 45.71% 28.96%
Industrials
9.25% 0.00% 37.04% 48.59%
Communication Services
9.07% 0.00% 42.17% 45.88%
Consumer Defense
7.38% 0.00% 21.09% 54.23%
Basic Materials
5.33% 0.00% 24.33% 8.68%
Utilities
4.03% 0.00% 100.00% 36.01%
Energy
3.92% 0.00% 100.00% 33.19%
Real Estate
2.32% 0.00% 99.96% 73.64%

Stock Geographic Breakdown

Weighting Return Low Return High PTQLX % Rank
US
3.83% -112.30% 75.52% 90.95%
Non US
1.26% -2.13% 31.77% 77.57%

Bond Sector Breakdown

Weighting Return Low Return High PTQLX % Rank
Derivative
74.57% 0.00% 74.57% 0.41%
Government
22.96% 0.00% 95.57% 43.72%
Cash & Equivalents
2.48% -3.87% 100.00% 89.81%
Securitized
0.00% 0.00% 83.64% 95.16%
Corporate
0.00% 0.00% 100.00% 98.77%
Municipal
0.00% 0.00% 99.50% 84.26%

Bond Geographic Breakdown

Weighting Return Low Return High PTQLX % Rank
US
73.93% -6.37% 88.92% 2.37%
Non US
-0.09% -14.78% 29.41% 97.43%

Expenses

PTQLX - Expenses

Operational Fees

PTQLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.88% 0.01% 7.41% 17.28%
Management Fee 1.10% 0.00% 2.50% 91.76%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

PTQLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PTQLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PTQLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 574.00% 2.90%

Distributions

PTQLX - Distributions

Dividend Yield Analysis

PTQLX Category Low Category High PTQLX % Rank
Dividend Yield 0.00% 0.00% 10.48% 71.19%

Dividend Distribution Analysis

PTQLX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Quarterly Monthly Quarterly

Net Income Ratio Analysis

PTQLX Category Low Category High PTQLX % Rank
Net Income Ratio 0.82% -5.24% 6.65% 84.50%

Capital Gain Distribution Analysis

PTQLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

PTQLX - Fund Manager Analysis

Managers

Marco Aiolfi


Start Date

Tenure

Tenure Rank

Apr 21, 2015

5.2

5.2%

Marco Aiolfi, PhD, is a Portfolio Manager for QMA and a member of the Global Portfolio Solutions team. His responsibilities include research and portfolio management with a focus on Global Tactical Asset Allocation. Prior to joining QMA, Marco was a portfolio manager and researcher at Goldman Sachs Asset Management where he was a member of the Quantitative Investment Strategies team. His experience included serving as lead portfolio manager for Global Tactical Asset Allocation implementation in select portfolios and co-head of volatility strategies for a multi-strategy fund. Previously, Marco was a Principal at Platinum Grove Asset Management, where he designed, implemented and co-managed a systematic G10 currency trading strategy. Marco was a Research Scholar at the University of California, San Diego, specializing in macro asset pricing and econometrics, and he was a Visiting Scholar for the Research Department at the International Monetary Fund. Marco has published papers in several academic journals including the Journal of Econometrics, the Journal of Forecasting, the Journal of Financial Econometrics, the Journal of Development Economics and the Oxford Handbook of Economic Forecasting. He earned a BA in Economics Summa Cum Laude and a PhD in Economics from Bocconi University, Milan, Italy.

Yesim Tokat-Acikel


Start Date

Tenure

Tenure Rank

Apr 21, 2015

5.2

5.2%

Yesim Tokat-Acikel, PhD, is a Portfolio Manager for QMA and a member of the Global Portfolio Solutions team. Her responsibilities include research and portfolio management with a focus on Global Tactical Asset Allocation. Prior to joining QMA, Yesim was a senior quantitative analyst at AllianceBernstein, where she developed Global Tactical Asset Allocation strategies. She developed global equity, REIT, and credit models, as well as dynamic risk models. Previously, she was a senior investment analyst for The Vanguard Group where she built tactical and strategic asset allocation models for the retirement and private client markets. Yesim has published papers on strategic and tactical portfolio allocation issues in the Journal of Investing, Journal of Wealth Management, Journal of Financial Planning, Journal of Economic Dynamics and Control, and Strategic Management Journal. She earned a BS in Industrial Engineering from Bilkent University in Turkey; an MS in Industrial Engineering from the University of Arizona, Tucson, and a PhD in Economics from the University of California, Santa Barbara.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 39.52 6.83 0.5