Fund Evaluator:
PGIM Quant Solutions Large-Cap Index A (PSIAX)
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Best Performing in Large Blend Over the Last Year
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Fund Details
PGIM Quant Solutions Large-Cap Index A Overview
PGIM Quant Solutions Large-Cap Index A (PSIAX) is a passively managed U.S. Equity Large Blend fund. PGIM launched the fund in 1999.
The investment seeks to provide investment results that correspond to the price and yield performance of the S&P 500 Index. The fund normally invests over 80% of its investable assets in securities included in the S&P 500 Index in approximately the same proportions as those of the index. The S&P 500 Index is an unmanaged index of over 500 stocks of large U.S. public companies. The advisor attempts to replicate the security composition of the S&P 500 Index by holding each stock in the S&P 500 Index in about the same proportion as represented in the index itself. The fund is non-diversified.
About PGIM Quant Solutions Large-Cap Index A (PSIAX)
There are 2 members of the management team with an average tenure of 7.49 years: Stacie Mintz (2021), Edward Lithgow (2016). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. PGIM Quant Solutions Large-Cap Index A has 508 securities in its portfolio. The top 10 holdings constitute 38.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
PGIM Quant Solutions Large-Cap Index A is part of the Equity global asset class and is within the U.S. Equity fund group. PGIM Quant Solutions Large-Cap Index A has 0.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.7%. There is 0.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). PGIM Quant Solutions Large-Cap Index A has 0.9% of the portfolio in cash.
Assets Under Management
The fund has $377 million in total assets, which is below the $6 billion average for the Large Blend 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.
PSIAX 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 Large-Cap Index A expense ratio is average compared to funds in the Large Blend category. PGIM Quant Solutions Large-Cap Index A has an expense ratio of 0.51%, which is 37% lower than its category average, making the fund expense ratio grade a B. 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. PGIM Quant Solutions Large-Cap Index A has a portfolio turnover rate of 3%, indicating that holds its assets around 0.3 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of June 2026, PGIM Quant Solutions Large-Cap Index A returned -1.0%, which earned it a grade of D, as the Large Blend category had an average return of -0.2%. 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 Large-Cap Index A has a trailing yield of 0.78%, which is above the 0.56% category average. The fund normally distributes its income annually and its capital gains 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 Large-Cap Index A Grades
Year to date, the fund has returned 9.9%, 0.9 percentage points better than the category, which translates into a grade of C. The fund has returned 21.7% over the past year (grade of B), 20.0% over the past three years (grade of B) and 12.8% per year over the past five years (grade of B) and 14.9% per year over the past 10 years (grade of B).
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PSIAX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PSIAX Return (NAV) | -1.0% | 15.1% | 21.7% | 20.0% | 12.8% | 14.9% |
| PSIAX Grade | D | C | B | B | B | B |
| +/- Category | -0.8% | 1.2% | 2.3% | 1.5% | 1.3% | 0.9% |
| Large Blend Avg | -0.2% | 13.8% | 19.5% | 18.5% | 11.6% | 14.1% |
| PSIAX Tax Cost Ratio | na | na | 2.0% | 2.1% | 2.5% | 2.9% |
PSIAX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PSIAX Return (NAV) | 9.9% | 17.3% | 24.4% | 25.6% | -18.5% | 28.0% | 17.9% | 30.8% | -4.8% | 21.2% | 11.4% |
| PSIAX Grade | C | B | B | C | C | B | C | C | B | C | B |
| +/- Category | 0.9% | 1.4% | 2.3% | 1.9% | -1.3% | 1.5% | 0.4% | 1.0% | 1.1% | -0.1% | 1.1% |
| Large Blend Avg | 9.0% | 15.9% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 13.0% |
| Total Risk Index: | 1.07 - Above Average |
| Category Risk Index: | 0.99 - Below Average |
| Category Risk Grade: | B (38% Rank) |
| Beta: | 1.00 |
| R-Squared: | 100% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.8% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $917 Mil |
| Fund Total Assets: | $ 377 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 3% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 9.6 years | |||
| Average Tenure: 7.5 years | |||
| Managers (Year): Lithgow Edward (2016), Mintz Stacie (2021) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 508 |
| % in Top 10 Holdings: | 38.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.4% |
Portfolio Allocation |
|
| Domestic Stock: | 98.7% |
| Foreign Stock: | 0.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.9% |
Purchase Information
| Fund Family: | PGIM |
| Phone Number: | 800-225-1852 |
| Website: | www.prudentialfunds.com |
| Status: | Open |
| Inception Date: | November 18, 1999 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | No |
| Front Load Maximum: | 3.25% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.30% |
Expenses and Fees | |
| Expense Ratio (%): | 0.51% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | PGIM Quant Solutions Large-Cap Index Z |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
