Prudential QMA Long-Short Equity Fund

The Prudential QMA Long-Short Equity Fund seeks long-term capital appreciation. The Fund is a broadly diversified fund that utilizes both long and short equity positions across the full spectrum of market capitalization. 
 
 

Growth of $10,000

 
 
Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. This chart represents historical performance and does not assume the effects of sales charges. If shown with sales charges, performance would have been lower. It is not possible to invest directly in an index. Click here to view benchmark index definitions.


Morningstar Ratings as of 6/30/2017

         5 stars
Class A , C , Q and Z Shares    

Morningstar Overall RatingTM out of 175 Long-Short Equity funds.
Morningstar measures risk-adjusted returns. The overall rating is a weighted average based on the Fund's 3-, 5-, and 10-year star rating.


Portfolio Attributes as of 6/30/2017

Sector Exposure (% of Assets)
  LongShortNet
Consumer Discretionary
13.6 % -11.1 % 2.5 %
Consumer Staples
4.6-1.62.9
Energy
4.6-4.60.0
Financials
7.0-4.12.9
Healthcare
17.4-11.16.3
Industrials
10.4-9.11.3
Information Technology
24.3-15.98.3
Materials
5.9-3.72.1
Real Estate
4.0-4.2-0.3
Telecom. Services
2.1-0.21.9
Utilities
5.3-3.91.4
Top Five Long Holdings (% of Assets)
JPMorgan Chase
1.8 %
Facebook
1.7
Bank of America
1.7
Alphabet
1.5
Adobe Systems
1.4
Top Five (of 233) 8.1
Top Five Short Holdings (% of Assets)
Workday
-1.2 %
Palo Alto Networks
-1.2
Westinghouse Air Brake Technologies
-1.2
DexCom
-1.1
Marriott International
-1.1
Top Five (of 212) -5.8
Fund Statistics
Since InceptionFundS&P 500 Index
Average Return
7.1 % 10.1 %
Standard Deviation
7.315.5
Sharpe Ratio
1.31.0
Max Drawdown
-6.8-13.0
Beta
0.41.0
Current Net Equity
30.0
All data is unaudited and subject to change. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Largest holdings excludes cash, cash equivalents, money market funds and enhanced cash strategies. Totals may not sum due to rounding.


Morningstar Ratings as of 6/30/2017

ClassOverall 3-Year
A5 stars
out of 175 funds
5 stars
out of 175 funds
C5 stars
out of 175 funds
5 stars
out of 175 funds
Q5 stars
out of 175 funds
5 stars
out of 175 funds
Z5 stars
out of 175 funds
5 stars
out of 175 funds

Source: Morningstar. The Morningstar Rating may not be calculated based on its share class adjusted historical returns. If so, this investment's independent Morningstar Rating metric uses the fund's oldest share class to determine its hypothetical rating for certain time periods. The Morningstar Rating for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. 2017 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results.


Key Fund Details

 
ClassFund IDCusipTicker
A1104744336868PLHAX
C1105744336850PLHCX
Q1182744336736PLHQX
Z1106744336843PLHZX
 

 

 
 
The Fund may not be suitable for all investors. The Fund may invest in equity and equity-related securities, where the value of a particular security could go down resulting in a loss of money, including small and mid-cap securities, which may be subject to more erratic market movements than large-cap stocks and large-cap stocks, which may go in and out of favor based on market and economic conditions. The Fund may engage substantially in short sales (borrowing securities), which may prevent it from implementing its investment strategy to the extent the Fund is obligated to cover a short position at a higher price, resulting in a loss. Because the Fund's loss on a short sale arises from increases in the value of the security sold short, such loss is theoretically unlimited. The Fund may be subject to management and market risks, where the value of investments may decrease and securities markets are volatile; active trading risk and high portfolio turnover results in higher transaction costs, which can affect the Fund's performance. The Fund's subadvisor uses certain quantitative models to help guide its investment decisions. The design of the underlying models may be flawed or incomplete and it is impossible to completely eliminate the risk of error in the implementation of these computer models. Diversification does not guarantee a profit or protect against a loss in declining markets. See the Fund’s prospectus for complete details of these risks. These risks may result in greater share price volatility. It is anticipated that the Fund will typically have low net exposure to the equity markets, and therefore the Fund’s returns should not be significantly affected by broad equity market movements. There is no guarantee the Fund’s objective will be achieved.


Beta measures a fund’s sensitivity to changes in the overall market relative to its benchmark. Max Drawdown is the maximum loss from a peak to a trough of a portfolio, before a new peak is attained. Net Equity Exposure is the percentage of assets invested in long equity holdings minus percentage of assets invested in short equity holdings. Sharpe Ratio is a risk-adjusted measure using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe Ratio, the better the historical risk-adjusted performance. Standard deviation depicts how widely returns vary around its average and is used to understand the range of returns most likely for a given fund. A higher standard deviation generally implies greater volatility. It is an indicator of downside risk over a specified time period. Due to data availability, statistics may not be as of the current reporting period. Source: Morningstar. Calculated by PGIM Investments using data from Morningstar. All rights reserved. Used with permission.

Source: Benchmarks and statistics, Lipper Inc. All other data from PGIM, Inc. (PGIM).


Class Q and Z shares may be available to group retirement plans and institutional investors through certain retirement, mutual fund wrap and asset allocation programs, and to institutions at an investment minimum of $5,000,000. Performance by share class may vary. Other share classes, which contain either a sales load or a contingent deferred sales charge, are also available. These expenses could lower total fund return. Please see the prospectus for additional information about fees, expenses and investor eligibility requirements.

Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.

Mutual funds are distributed by Prudential Investment Management Services LLC, a Prudential Financial company and member SIPC. QMA is the primary business name of Quantitative Management Associates LLC, a wholly owned subsidiary of PGIM, a Prudential Financial company. QMA, Quantitative Management Associates, The Prudential logo and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

These materials are for informational or educational purposes only. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. In providing these materials PGIM Investments is not acting as your fiduciary as defined by the Department of Labor.

Mutual funds are not insured by the FDIC or any federal government agency, are not a deposit of or guaranteed by any bank or any bank affiliate, and may lose value.


Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.


0262464-00015-00    Ed. 6/2017

Use the Compare Funds & Benchmarks drop down to add additional Funds and Benchmarks to the chart. All Mountain Chart plot points are on a month end basis. Roll over the chart to view specific details of each month end plot point. The Bar Chart shows the final dollar amount for the investment period and dollar amount chosen.

Compare up to five (5) funds or benchmarks. Reset All
3m6mYTD1y3y5y10yLife
 
 

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. This chart represents historical performance and does not assume the effects of sales charges. If shown with sales charges, performance would have been lower. Click here to view the most recent Monthly Performance.