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PGIM Jennison Global Power Solutions Equity Fund
The investment objective of the PGIM Jennison Global Power Solutions Equity Fund (the "Fund") is to seek long-term capital appreciation by investing in companies that are involved in activities that will reduce global carbon emissions and aid in the shift to a cleaner, more reliable and affordable energy future, including companies providing power and energy solutions that address the challenge of meeting rising global energy demand. 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 promotes the reduction of carbon emissions by incorporating environmental, social and governance (“ESG”) factors into its investment process. Please see the Company's Fund Documents as defined below for additional information.
Fund features
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.
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
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.
Effective 30 April 2026, the Fund changed its name and investment objective. Prior to 30 April 2026, the Fund was formerly known as PGIM Jennison Carbon Solutions Equity Fund. Investors should refer to the updated Prospectus and Fund Supplement for full details.
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.
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.
Neil P. Brown, CFA
Managing Director and Portfolio Manager
Jennison Associates
Neil Brown is a portfolio manager for the natural resources and carbon solutions equity strategies, and a research analyst covering oil and natural gas exploration and production sector, integrated and refining companies.
Jay Saunders
Managing Director
Jennison Associates
Jay Saunders is a Portfolio Manager for the natural resources and carbon solutions equity strategies, and a research analyst covering oil and gas equipment and services, metals and mining, macro commodity analysis, and distributed generation companies.
Ubong "Bobby" Edemeka
Managing Director
Jennison Associates
Bobby Edemeka is a portfolio manager for the income, infrastructure, and carbon solutions equity strategies, and a research analyst covering global utilities, communications, and energy infrastructure.
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.
PGIM literature
Fund literature
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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.
