PGIM Jennison U.S. Growth Fund
$
)
The investment objective of the PGIM Jennison U.S. Growth Fund (the "Fund") is to seek long-term growth of capital by investing primarily in US based companies with above-average growth in revenues, earnings, and cash flows. 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 Russell 1000 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
|
|
|---|---|
| Number of Holdings | 52 |
| Active Share (%) | 40.40 |
| Weighted Average Market Cap (mil) USD | 1,537,627.60 |
| Weighted Average Market Cap (mil) EUR | 1,347,259.80 |
| Market Cap Median (mil) USD | 145,400.50 |
| Median Market Cap (mil) EUR | 127,399.00 |
| Turnover Ratio (Latest 12-Months) | 50 |
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.
standard (%)
|
ANNUALIZED
|
|||||||
|---|---|---|---|---|---|---|---|
|
Net Returns
|
1 Mo
|
3 Mo
|
YTD
|
1Yr
|
3Yr
|
5Yr
|
Since Inception (09 July 2024)
|
| Fund | 1.67 | 17.26 | 8.97 | 21.50 | — | - | 12.59 |
| Benchmark | 3.78 | 20.16 | 10.10 | 23.75 | 22.60 | 17.27 | 16.03 |
| Difference | -2.11 | -2.90 | -1.13 | -2.25 | — | - | -3.44 |
rolling 12 month (%)
|
2016
|
2017
|
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
|
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | 21.50 |
| Benchmark | - | - | - | - | - | - | - | - | - | 23.75 |
| Difference | - | - | - | - | - | - | - | - | - | -2.25 |
CALENDAR YEAR (%)
Year Ended 31 December
|
2015
|
2016
|
2017
|
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
|
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | - |
| Benchmark | - | - | - | - | - | - | - | - | - | - |
| Difference | - | - | - | - | - | - | - | - | - | - |
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 Russell 1000 Growth® Index (USD) (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 contains those securities in the Russell 1000 Growth® Index (USD) with a greater-than-average growth orientation. Companies in this index tend to exhibit higher price-to-book and price-to-earnings ratios. Frank Russell Company (“Russell”) is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company. Neither Russell nor its licensors accept any liability for any errors or omissions in the Russell Indexes and / or Russell ratings or underlying data and no party may rely on any Russell Indexes and / or Russell ratings and / or underlying data contained in this communication. No further distribution of Russell Data is permitted without Russell’s express written consent. Russell does not promote, sponsor or endorse the content of this communication.
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
|
|---|---|---|
| Information Technology | 40.4% | 52.5 |
| Communication Services | 17.2% | 11.4 |
| Consumer Discretionary | 16.6% | 13.3 |
| Healthcare | 7.4% | 6.6 |
| Financials | 6.8% | 6.4 |
| Consumer Staples | 3.8% | 2.5 |
| Utilities | 1.6% | 0.3 |
| Industrials | 1.5% | 5.9 |
| Real Estate | 1.0% | 0.5 |
| Cash/Equiv | 3.7% | — |
GEOGRAPHIC ALLOCATION (%)
|
Region/Country
|
%
|
|---|---|
| United States | 90.6 |
| Taiwan | 1.6 |
| Uruguay | 1.3 |
| Sweden | 1.0 |
| Canada | 0.8 |
| United Kingdom | 0.6 |
| Spain | 0.5 |
| Cash/Equiv | 3.7 |
TOP 10 HOLDINGS (%)
|
Holding
|
Fund
|
|---|---|
| NVIDIA | 10.8 |
| Microsoft | 7.9 |
| Amazon.com | 7.5 |
| Apple | 5.8 |
| Meta Platforms - Class A | 5.7 |
| Broadcom | 4.8 |
| Netflix | 4.0 |
| Mastercard - Class A | 2.6 |
| Tesla | 2.5 |
| Eli Lilly | 2.3 |
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.
Blair A. Boyer
Managing Director, Co-Head of Large Cap Growth Equity Team and a Large Cap Growth Equity Portfolio Manager
|Jennison Associates
Blair Boyer is a managing director, co-head of the large cap growth equity team and a large cap growth equity portfolio manager.
Natasha Kuhlkin, CFA
Co-Head of Growth Equity
|Jennison Associates
Natasha Kuhlkin, CFA is the co-head of growth equity and a large cap growth equity portfolio manager.
Kathleen A. McCarragher
Managing Director, Co-Head of Growth Equity
|Jennison Associates
Kathleen A. McCarragher is a managing director, head of growth equity, and Large Cap Growth Equity portfolio manager.
Owuraka Koney, CFA
Managing Director
|Large Cap Growth Portfolio Manager
|Jennison Associates
Owuraka Koney is a large cap growth portfolio manager and an equity research analyst covering industrials, consumer internet, and media companies
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.
4627974 Ed. 07/2025
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.
