PGIM Jennison NextGeneration Opportunities Fund
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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.
Fund features
FUND CHARACTERISTICS
|
Fund
|
Benchmark
|
|
|---|---|---|
| Number of Holdings | 41 | — |
| Active Share (%) | 98.42 | — |
| Weighted Average Market Cap (mil) USD | 16,082.00 | — |
| Weighted Average Market Cap (mil) EUR | 14,091.00 | — |
| Median Market Cap (mil) USD | 11,414.90 | — |
| Median Market Cap (mil) EUR | 10,001.60 | — |
| Turnover Ratio (Latest 12-Months) | 168 | — |
Due to the characteristics of the fund, the NAV may be highly volatile.
fees
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
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. |
| Listing | Global Exchange Market of the Irish Stock Exchange plc |
| Depositary | State Street Custodial Services (Ireland) Limited |
| Administrator | State Street Fund Services (Ireland) Limited |
| Auditor | PwC |
| Reporting | Monthly 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 (%)
|
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 (%)
|
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.
- TABLE
- CHARTS
Sector Allocation (%)
|
Sector
|
Fund
|
Benchmark
|
|---|---|---|
| Industrials | 23.1% | 19.9 |
| Information Technology | 22.7% | 12.2 |
| Consumer Discretionary | 21.1% | 10.4 |
| Financials | 16.3% | 16.1 |
| Communication Services | 6.2% | 4.4 |
| Consumer Staples | 3.8% | 5.1 |
| Healthcare | 2.2% | 9.2 |
| Cash/Equiv | 4.6% | — |
GEOGRAPHIC ALLOCATION (%)
|
Region/Country
|
%
|
|---|---|
| United States | 64.0 |
| Israel | 7.4 |
| Canada | 6.7 |
| United Kingdom | 3.2 |
| Brazil | 2.4 |
| Korea | 2.4 |
| Switzerland | 2.0 |
| Netherlands | 1.7 |
| Australia | 1.6 |
| France | 1.4 |
| Sweden | 1.4 |
| Italy | 1.3 |
| Cash/Equiv | 4.6 |
TOP 10 HOLDINGS (%)
|
Holding
|
Fund
|
|---|---|
| Toast Inc. - Class A | 5.6 |
| Comfort Systems USA | 5.2 |
| Mirion Technologies Inc. - Class A | 4.7 |
| Celsius | 3.8 |
| Wingstop Inc. | 3.5 |
| Warby Parker Inc. - Class A | 3.5 |
| Dollarama | 3.5 |
| Fairfax Financial | 3.2 |
| ESCO Technologies Inc. | 3.1 |
| Monday.com | 3.0 |
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
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
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
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
PGIM literature
Fund literature
| document name | Type |
|---|
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.
