PGIM Wadhwani Systematic Absolute Return Fund (PGAGX)
The mutual fund aims to invest globally in equities, fixed income, and currencies, primarily focusing on issuers in developed market countries.
Fund Info
| Issuer | PGIM Investments |
|---|---|
| Inception Date | Sep 27, 2021 |
| Category | Macro Trading |
| Min. Investment | $0 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
PGAGX has a high expense ratio of 1.20%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PGIM Wadhwani Systematic Absolute Return Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PGIM Wadhwani Systematic Absolute Return Fund had a return of 0.00% year-to-date (YTD) and -3.18% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.00% | 10.00% |
| 1 month | -1.67% | 2.41% |
| 6 months | 0.21% | 16.70% |
| 1 year | -3.18% | 26.85% |
| 5 years (annualized) | N/A | 12.81% |
| 10 years (annualized) | N/A | 10.84% |
Monthly Returns
The table below presents the monthly returns of PGAGX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.11% | 0.95% | 1.89% | -1.65% | 0.00% | ||||||||
| 2023 | -1.96% | 0.20% | -1.70% | -0.41% | -0.82% | 1.44% | -1.12% | -2.46% | 0.32% | 0.63% | -1.87% | 0.11% | -7.46% |
| 2022 | -1.53% | 0.41% | 2.37% | 2.41% | 0.29% | 4.70% | -0.56% | 0.85% | 2.42% | -0.55% | -0.92% | 0.65% | 10.89% |
| 2021 | -0.20% | 2.40% | -1.86% | 0.78% | 1.08% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PGAGX is 1, indicating that it is in the bottom 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
PGAGX (PGIM Wadhwani Systematic Absolute Return Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM Wadhwani Systematic Absolute Return Fund (PGAGX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PGIM Wadhwani Systematic Absolute Return Fund granted a 2.38% dividend yield in the last twelve months. The annual payout for that period amounted to $0.22 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.22 | $0.22 | $0.71 | $0.28 |
Dividend yield | 2.38% | 2.38% | 6.96% | 2.82% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Wadhwani Systematic Absolute Return Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.71 | $0.71 |
| 2021 | $0.28 | $0.28 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM Wadhwani Systematic Absolute Return Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PGIM Wadhwani Systematic Absolute Return Fund was 11.16%, occurring on Dec 11, 2023. The portfolio has not yet recovered.
The current PGIM Wadhwani Systematic Absolute Return Fund drawdown is 9.12%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.16% | Nov 4, 2022 | 276 | Dec 11, 2023 | — | — | — |
| -5.27% | Nov 10, 2021 | 52 | Jan 25, 2022 | 53 | Apr 11, 2022 | 105 |
| -2.41% | Jul 15, 2022 | 20 | Aug 11, 2022 | 15 | Sep 1, 2022 | 35 |
| -2.02% | May 10, 2022 | 17 | Jun 2, 2022 | 6 | Jun 10, 2022 | 23 |
| -1.68% | Jun 16, 2022 | 6 | Jun 24, 2022 | 6 | Jul 5, 2022 | 12 |
Volatility
Volatility Chart
The current PGIM Wadhwani Systematic Absolute Return Fund volatility is 2.20%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.