Objective

The investment objective of the PGIM Jennison NextGeneration Opportunities Fund (the "Fund") is to seek long-term growth of capital. The Fund will seek to achieve its investment objective by investing primarily in equity and equity-related securities of small to middle capitalisation companies located around the world. Jennison Associates has determined that the Fund qualifies as a Light Green Fund, which seeks to comply with the principles of Article 8 of the SFDR. The Fund will incorporate environmental, social and governance (“ESG”) factors into its investment process and promotes sustainability characteristics by maintaining a weighted average carbon intensity that is at least 50% lower than that of the MSCI All Country World SMID Cap Index. Please see the Company’s Fund Documents as defined below for additional information. The Fund reclassified from Article 6 to Article 8 on 16 August 2022.

next global leaders

Unconstrained investment approach focused on the next generation of small- and mid-sized companies worldwide with breakout growth potential

strong return potential

Concentrated portfolio of 30-40 innovative companies with distinct growth profiles and strong long-term return potential

nascent growers

Businesses near hyper-growth phases that are less widely appreciated by the wider investment community

All data as of 08 August 2025 unless otherwise indicated.
Fund features
Investment Manager: Jennison
Domicile: Ireland
Benchmark: MSCI All Country World SMID Cap Index
Base Currency: USD
Dealing: Daily
Fund Net Assets (USD mm): 32.12
SFDR Classification: Article 8
FUND CHARACTERISTICS
AS OF 30/06/2025
Fund
Benchmark
Number of Holdings 44
Active Share (%) 98.2
Weighted Average Market Cap (mil) USD 16,389.00
Weighted Average Market Cap (mil) EUR 13,905.50
Median Market Cap (mil) USD 11,940.30
Median Market Cap (mil) EUR 10,130.90
Turnover Ratio (Latest 12-Months) 160

Due to the characteristics of the fund, the NAV may be highly volatile.

fees
Entry Charge: None
Exit Charge: None
Management (%): 0.78
Ongoing Charges (%): 0.90
Switching Fee: None

Swing pricing, as defined in the prospectus, may be applied on a subscription or redemption of shares to reflect the costs of dealing in the Fund's assets.

Symbols
ISIN: IE000EWDNVA7
SEDOL: BP09FC8
WKN: A3C2C0
Bloomberg: PGJNOIU ID
share class features

Where an investor's own currency is different to the currency of the fund, the return on investment may be affected by fluctuations in the currency exchange rate. Also, the use of financial derivative instruments may result in increased gains or losses within the Fund.

Source: PGIM, Inc. Past performance is no guarantee of future results.

This is a marketing communication. Further information about the Fund (including the current Prospectus and Fund Supplement, net asset value per share of the Fund, and most recent financial statements) is available from the applicable distributor.

This Summary Fund Profile is a financial promotion and qualified in its entirety by reference to the more complete information contained in the Company’s Prospectus (the “Prospectus”), Supplement (the “Supplement”) and Key Investor Information Document (the “KIID”) or Key Information Document (the "KID"), depending on the jurisdition (collectively the “Fund Documents”). Capitalised terms used herein without definition have the respective meanings provided in the Prospectus, Supplement and KIID/KID, as applicable. Investors should review the Fund Documents and seek advice prior to making an investment.

RISKS

An investment in the Fund involves a high degree of risk, including the risk that the entire amount invested may be lost. The Fund is primarily designed to purchase certain investments, which will introduce significant risk to the Fund, including asset performance, price volatility, administrative risk and counterparty risk. No guarantee or representation is made that any Fund’s investment program will be successful, or that such Fund’s returns will exhibit low correlation with an investor’s traditional securities portfolio.

Any investment in the Fund will be deemed to be a speculative investment and is not intended as a complete investment program. Investment in the Fund is suitable only for persons who can bear the economic risk of the loss of their investment and who meet the conditions set forth in the Fund Documents. There can be no assurances that the Fund will achieve its investment objective. Prospective and existing Investors should carefully consider the risks involved in an investment in the Fund, including, but not limited to, those discussed in the Fund Documents. Prospective and existing Investors should consult their own legal, tax and financial advisors about the risks of an investment in the Fund. Any such risk could have a material adverse effect on the Fund and its Shareholders.

 

fund administration

Investment Manager                  PGIM, Inc.
ListingGlobal Exchange Market of the Irish Stock Exchange plc
DepositaryState Street Custodial Services (Ireland) Limited
AdministratorState Street Fund Services (Ireland) Limited
AuditorPwC
ReportingMonthly statements
 Annual audited financial statements

fund structure

  • Ireland based UCITS fund
  • The Fund is a sub-fund of PGIM Funds plc (the “Company”)
  • The Company is an investment company with variable capital incorporated in Ireland with registered number 530399
  • The Company is established as an umbrella fund with segregated liability between sub-funds
  • The Company is managed by PGIM Investments (Ireland) Limited (the “Manager”). The Company and the Manager are each authorised in Ireland and regulated by the Central Bank of Ireland.

Growth of $10,000

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.

Please refer to the Fund Documents for other important
information regarding the risks involved in an investment
in the Fund.

standard (%)
AS OF 31 July 2025
ANNUALISED
Net Returns
1 Mo
3 Mo
YTD
1Yr
3Yr
5Yr
Since Inception (31 August 2021)
Fund -1.24 7.94 -7.26 0.17 5.90 - -6.61
Benchmark 1.02 11.57 11.04 11.89 10.69 10.46 3.28
Difference -2.26 -3.63 -18.30 -11.72 -4.79 - -9.89
rolling 12 month (%)
AS OF 31 July 2025
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Fund - - - - - - - 3.92 14.10 0.17
Benchmark - - - - - - - 9.41 10.79 11.89
Difference - - - - - - - -5.49 3.31 -11.72
CALENDAR YEAR (%)

(Year Ended 31 December)

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Fund - - - - - - - -38.87 19.78 17.83
Benchmark - - - - - - - -18.72 16.02 8.68
Difference - - - - - - - -20.15 3.76 9.15

The monthly calculated performance scenarios are available upon request.

Source: PGIM, Inc. Past performance is no guarantee of future results. Net returns are calculated on a Net Asset Value (NAV) to NAV basis and reflect the deduction of ongoing fees, which include the management fee. Difference represents the difference between net returns and the benchmark and may reflect rounding differences. Benchmark is MSCI All Country World SMID Cap Index (the "Benchmark").

This is a marketing communication. Further information about the Fund (including the current Prospectus and Fund Supplement, net asset value per share of the Fund, and most recent financial statements) is available from the applicable distributor.

The Benchmark captures small and middle capitalisation representation across 23 developed markets and 27 emerging markets countries. The Benchmark currently covers approximately 28% of the free float-adjusted market capitalisation in these countries. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages (www.msci.com).

Fund performance is as of the last business day of the month as defined in the Fund Supplement, which may differ from the month end. If any current shareholders would like to receive intra-month summaries please request this through your registered financial intermediary.

All data as of unless otherwise indicated.
All data as of 30 June 2025 unless otherwise indicated.
Sector Allocation (%)
Sector
Fund
Benchmark
Information Technology 25.9% 12.4
Consumer Discretionary 25.0% 10.3
Industrials 17.4% 19.6
Financials 15.7% 16.1
Consumer Staples 5.8% 5.2
Communication Services 5.8% 4.4
Healthcare 3.0% 9.3
Cash/Equiv 1.5%
GEOGRAPHIC ALLOCATION (%)
Region/Country
%
United States 64.0
Israel 7.9
Canada 6.7
United Kingdom 3.3
Switzerland 2.5
Sweden 2.5
South Korea 2.4
Netherlands 2.2
France 2.1
Australia 1.7
Other 3.2
Cash/Equiv 1.5
TOP 10 HOLDINGS (%)
Holding
Fund
Celsius 4.5
Wingstop Inc. 4.5
Mirion Technologies Inc. - Class A 4.4
Toast Inc. - Class A 4.0
Warby Parker Inc. - Class A 3.8
Dollarama 3.5
Comfort Systems USA 3.3
Fairfax Financial 3.2
ESCO Technologies Inc. 3.1
Axon Enterprise 2.9

Source: PGIM, Inc. Totals may not equal 100% due to rounding. Portfolio holdings may not represent current, future investments or all of the portfolio’s holdings. Future portfolio holdings may not be profitable.

This is a marketing communication. Further information about the Fund (including the current Prospectus and Fund Supplement, net asset value per share of the Fund, and most recent financial statements) is available from the applicable distributor.

This Summary Fund Profile is a financial promotion and qualified in its entirety by reference to the more complete information contained in the Fund Documents. Capitalised terms used herein without definition have the respective meanings provided in the Fund Documents as applicable. Investors should review the Fund Documents and seek advice prior to making an investment.

Totals may not equal 100% due to rounding. Please see the Notice attached hereto for other important information.

ABOUT

Jennison Associates, founded in 1969, is a leading active equity manager with $208 billion in assets under management (as of 31 Mar 2024) and employs an investment process rooted in fundamental, bottom-up research. The firm has expertise in managing growth, global, value, and specialty equity strategies, with a mission to generate superior long-term performance for investors.

Mark Baribeau, CFA
Mark Baribeau, CFA

Managing Director, Head of Global Equity, and Global Equity Portfolio Manager

|

Jennison Associates

Mark Baribeau, CFA, is a managing director, Head of Global Equity, and Global Equity portfolio manager.

John Donnelly, CFA
John Donnelly, CFA

Managing Director, Global and International SMidcap Equity Portfolio Manager

|

Jennison Associates

John Donnelly, CFA, is a Managing Director, global and international smidcap equity portfolio manager.

Edward Duggan
Edward Duggan

Managing Director, Portfolio Manager

|

Jennison Associates

Edward Duggan is a portfolio manager for the global nextgen and international smid cap equity strategies.

Source: PGIM, Inc. Past performance is no guarantee of future results.

This is a marketing communication. Further information about the Fund (including the current Prospectus and Fund Supplement, net asset value per share of the Fund, and most recent financial statements) is available from the applicable distributor.

This Summary Fund Profile is a financial promotion and qualified in its entirety by reference to the more complete information contained in the Fund Documents. Capitalised terms used herein without definition have the respective meanings provided in the Fund Documents as applicable. Investors should review the Fund Documents and seek advice prior to making an investment.

3311551    Ed. 01/2024

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There is no guarantee that this objective will be achieved. Portfolio characteristics subject to change. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment.