Fund Evaluator:

PGIM Quant Solutions Commodity Strats Z Overview

PGIM Quant Solutions Commodity Strats Z (PQCZX) is an actively managed Commodities Commodities Broad Basket fund. PGIM launched the fund in 2021.

The investment seeks to generate returns over time in excess of the Bloomberg Commodity Index. The fund is an actively managed fund that gains exposure to the commodity markets through investment of the fund’s assets directly and/or in the PGIM QMA Commodity Strategies Subsidiary, Ltd., the fund’s wholly-owned Cayman Islands subsidiary (the “Cayman Subsidiary”). It invests a portion of its assets in exchange-traded futures contracts, and exchange-traded forward contracts, on commodities, in each case held by its Cayman Subsidiary.

About PGIM Quant Solutions Commodity Strats Z (PQCZX)

There are 2 members of the management team with an average tenure of 6.02 years: Marco Aiolfi (2018), Edward Tostanoski (2022). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Bloomberg Commodity TR USD index with a weighting of 100%. PGIM Quant Solutions Commodity Strats Z has 5 securities in its portfolio. The top 10 holdings constitute 98.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

PGIM Quant Solutions Commodity Strats Z is part of the Real Assets global asset class and is within the Commodities fund group. PGIM Quant Solutions Commodity Strats Z has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 34.2% (34.2% domestic bond, 0.0% foreign bond and 0.0% convertible bond). PGIM Quant Solutions Commodity Strats Z has 53.6% of the portfolio in cash.

Assets Under Management

The fund has $414 million in total assets, which is below the $476 million average for the Commodities Broad Basket category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

PQCZX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The PGIM Quant Solutions Commodity Strats Z expense ratio is above average compared to funds in the Commodities Broad Basket category. PGIM Quant Solutions Commodity Strats Z has an expense ratio of 0.70%, which is 36% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. A portfolio turnover rate cannot be currently calculated for PGIM Quant Solutions Commodity Strats Z. By way of comparison, the average portfolio turnover is 78% for the Commodities Broad Basket category.

Recently, in the month of June 2026, PGIM Quant Solutions Commodity Strats Z returned -8.4%, which earned it a grade of C, as the Commodities Broad Basket category had an average return of -8.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

PGIM Quant Solutions Commodity Strats Z has a trailing yield of 6.73%, which is below the 9.25% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

PGIM Quant Solutions Commodity Strats Z Grades

Year to date, the fund has returned 18.8%, 4.4 percentage points better than the category, which translates into a grade of A. The fund has returned 29.5% over the past year (grade of B), 12.5% over the past three years (grade of C) and 9.7% per year over the past five years (grade of B).

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