Holding PRWAX through work retirement account. But it’s underperforming the S&P500 since 2022.

I thought since this is an actively managed fund it could have outperformed the S&P for 2022. But it did not. Part of my portfolio is in PRWAX and it has been underperforming the S&P recently. I’m wondering given the current market environment, are the fund managers going to be able to adjust the fund in a way so that it might outperform the S&P in the future or should I sell this mutual fund? The expense ratio is pretty high at 0.76%. I don’t like the feeling of paying a high fee just to have them underperform the broad market.