PTCLX: PGIM QMA Global Tactical Allocation C

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PTCLX PGIM QMA Global Tactical Allocation C


Profile

PTCLX - Profile

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return -0.7%
  • 5 Yr Annualized Return N/A
  • Net Assets $41 M
  • Holdings in Top 10 14.6%

52 WEEK LOW AND HIGH

$9.65
$9.25
$9.84

Expenses

OPERATING RELATED FEES

  • Expense Ratio 14.14%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $1,000

Fund Classification

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

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.20%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-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
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Yesim Tokat-Acikel

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

PTCLX - Mutual Fund Categories


Performance

PTCLX - Performance

Return Ranking - Trailing

Period PTCLX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -12.3% 11.4% 59.15%
1 Yr 3.7% -41.4% 18.0% 48.43%
3 Yr -0.7%* -15.4% 11.3% 70.99%
5 Yr N/A* -19.6% 5.7% N/A
10 Yr N/A* -15.8% 10.5% N/A

* Annualized

Return Ranking - Calendar

Period PTCLX Return Category Return Low Category Return High Rank in Category (%)
2019 9.3% -39.6% 40.4% 24.53%
2018 -10.3% -32.1% 18.9% 73.57%
2017 3.1% -24.8% 48.2% 58.46%
2016 -1.4% -51.7% 12.8% 52.76%
2015 N/A -17.3% 18.1% N/A

Total Return Ranking - Trailing

Period PTCLX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -12.3% 11.4% 59.15%
1 Yr 3.7% -41.4% 18.0% 48.43%
3 Yr -0.7%* -15.4% 11.3% 76.34%
5 Yr N/A* -19.6% 5.7% N/A
10 Yr N/A* -15.8% 10.5% N/A

* Annualized

Total Return Ranking - Calendar

Period PTCLX Return Category Return Low Category Return High Rank in Category (%)
2019 9.3% -39.6% 40.4% 24.53%
2018 -10.3% -32.1% 18.9% 79.29%
2017 3.1% -19.4% 48.2% 67.69%
2016 -1.4% -51.7% 12.8% 64.57%
2015 N/A -17.3% 18.1% N/A

NAV & Total Return History


Holdings

PTCLX - Holdings

Concentration Analysis

PTCLX Category Low Category High PTCLX % Rank
Net Assets 41 M 559 K 7.8 B 56.73%
Number of Holdings 108 1 2747 67.97%
Net Assets in Top 10 5.63 M -2.97 B 833 M 44.44%
Weighting of Top 10 14.58% 0.0% 200.7% 76.92%

Top 10 Holdings

  1. Pdcx Gtaa Cayman Sub 12.91%
  2. 10 Year Government of Canada Bond Future Mar 20 0.33%
  3. Dow Jones Real Estate Future Mar 20 0.26%
  4. 10 Year Australian Treasury Bond Future Mar 20 0.22%
  5. Euro Stoxx 50 Mar20 0.18%
  6. E-mini S&P 500 Future Mar 20 0.18%
  7. Hang Seng China Enterprises Index Future Feb 20 0.14%
  8. ASX SPI 200 Index Future Mar 20 0.12%
  9. SGX MSCI Taiwan Index Future Feb 20 0.12%
  10. BIST 30 Index Future Feb 20 0.10%

Asset Allocation

Weighting Return Low Return High PTCLX % Rank
Cash
87.04% 0.55% 434.00% 26.80%
Other
12.88% -194.96% 94.35% 26.80%
Stocks
0.40% -17.84% 93.79% 83.77%
Preferred Stocks
0.00% -0.01% 9.22% 58.17%
Convertible Bonds
0.00% 0.00% 69.19% 67.97%
Bonds
-0.31% -353.33% 77.07% 79.87%

Stock Sector Breakdown

Weighting Return Low Return High PTCLX % Rank
Technology
17.54% -1.27% 55.61% 34.62%
Financial Services
16.68% -0.86% 25.15% 25.38%
Healthcare
13.35% -0.73% 34.26% 12.31%
Industrials
10.24% -0.55% 38.93% 52.31%
Consumer Cyclical
10.12% -6.55% 32.80% 41.54%
Communication Services
9.35% -0.18% 14.14% 13.85%
Consumer Defense
7.93% -0.41% 20.50% 32.31%
Energy
4.55% -0.28% 71.39% 50.00%
Basic Materials
4.14% -0.13% 13.08% 67.69%
Utilities
3.43% -0.17% 24.12% 50.77%
Real Estate
2.67% -0.14% 78.35% 46.92%

Stock Geographic Breakdown

Weighting Return Low Return High PTCLX % Rank
US
0.42% -13.20% 68.75% 60.78%
Non US
-0.02% -6.41% 37.45% 94.12%

Bond Sector Breakdown

Weighting Return Low Return High PTCLX % Rank
Derivative
71.89% -0.51% 80.59% 1.96%
Cash & Equivalents
28.04% 2.07% 186.99% 75.82%
Government
0.07% -132.75% 97.93% 77.78%
Securitized
0.00% 0.00% 24.89% 62.75%
Corporate
0.00% 0.00% 75.28% 81.70%
Municipal
0.00% 0.00% 2.75% 59.48%

Bond Geographic Breakdown

Weighting Return Low Return High PTCLX % Rank
US
0.22% -301.57% 806.32% 64.05%
Non US
-0.53% -790.03% 47.37% 71.24%

Expenses

PTCLX - Expenses

Operational Fees

PTCLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 14.14% 0.62% 17.48% 1.26%
Management Fee 1.10% 0.39% 1.90% 70.76%
12b-1 Fee 1.00% 0.00% 1.00% 84.69%
Administrative Fee N/A 0.04% 0.45% N/A

Sales Fees

PTCLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.75% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 55.00%

Trading Fees

PTCLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

PTCLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 387.80% 5.26%

Distributions

PTCLX - Distributions

Dividend Yield Analysis

PTCLX Category Low Category High PTCLX % Rank
Dividend Yield 0.00% 0.00% 1.35% 47.95%

Dividend Distribution Analysis

PTCLX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Net Income Ratio Analysis

PTCLX Category Low Category High PTCLX % Rank
Net Income Ratio -0.20% -1.60% 5.43% 86.79%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PTCLX - Fund Manager Analysis

Managers

Yesim Tokat-Acikel


Start Date

Tenure

Tenure Rank

Apr 21, 2015

4.78

4.8%

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.

Marco Aiolfi


Start Date

Tenure

Tenure Rank

Apr 21, 2015

4.78

4.8%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 39.11 4.67 5.91