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
Sep 27, 2021
$0
Large-Cap
Blend
Expense Ratio
PGAGX has a high expense ratio of 1.20%, indicating above-average management fees.
Share Price Chart
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Performance
Performance Chart
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Returns By Period
PGAGX
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^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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% | -1.57% | 0.64% | 1.06% | -1.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.32% |
| 2023 | -1.96% | 0.20% | -1.70% | -0.41% | -0.82% | 1.44% | -1.12% | -2.46% | 0.32% | 0.63% | -1.88% | 2.51% | -5.24% |
| 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% | 2.41% | -1.86% | 0.78% | 1.08% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PGAGX is 6, meaning it’s performing worse than 94% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
PGIM Wadhwani Systematic Absolute Return Fund provided a 99.99% dividend yield over the last twelve months, with an annual payout of $9.46 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $9.46 | $0.22 | $0.29 | $0.06 |
Dividend yield | 99.99% | 2.38% | 2.88% | 0.63% |
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 | $0.00 | $0.00 | $9.46 | $0.00 | $0.00 | $0.00 | $9.46 |
| 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 | $0.29 | $0.29 |
| 2021 | $0.06 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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 9.32%, occurring on Nov 14, 2023. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.32% | Nov 4, 2022 | 258 | Nov 14, 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 chart below shows the rolling one-month volatility.
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