Objective

The investment objective of the PGIM Jennison Emerging Markets Equity Fund (the "Fund") is to seek long-term growth of capital through investment in companies in the early stages of acceleration in their growth, located in emerging markets countries. 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 Emerging Markets 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.

industry disruptors

Concentrated, high-conviction portfolio of 35-45 secular growth stocks capitalising on dynamic opportunities in emerging markets

strong alpha potential

Fast-growing companies with innovative businesses, sustainable competitive advantages, and strong alpha potential

award-winning managers

Deeply skilled team with two award-winning emerging market portfolio managers, and a strong track record of investing early in industry disruptors

All data as of 07 August 2025 unless otherwise indicated
Fund features
Investment Manager: Jennison
Domicile: Ireland
Benchmark: MSCI EM INDEX
Base Currency: USD
Dealing: Daily
Fund Net Assets (USD mm): 98.83
SFDR Classification: Article 8
FUND CHARACTERISTICS
AS OF 30/06/2025
Fund
Number of Holdings 37
Active Share (%) 88.77
Weighted Average Market Cap (mil) USD 141,943.60
Weighted Average Market Cap (mil) EUR 120,434.10
Market Cap Median (mil) USD 17,909.70
Median Market Cap (mil) EUR 15,195.70
Turnover Ratio (Latest 12-Months) 99

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

fees
Entry Charge: None
Exit Charge: None
Management (%): 0.80
Ongoing Charges (%): 0.95
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: IE00BDF5KX37
SEDOL: BDF5KX3
WKN: A2PH78
Bloomberg: PGEMUIA 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.

 

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 30 June 2025
ANNUALISED
Net Returns
1 Mo
3 Mo
YTD
1Yr
3Yr
5Yr
Since Inception (30 November 2016)
Fund 7.06 10.0 8.38 13.53 9.03 4.68 9.44
Benchmark 6.01 11.99 15.27 15.29 9.70 6.81 6.71
Difference 1.05 -1.99 -6.89 -1.76 -0.67 -2.13 2.73
rolling 12 month (%)
AS OF 30 June 2025
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Fund - - 16.29 0.64 25.38 67.84 -42.21 -10.91 28.13 13.53
Benchmark - - 8.20 1.21 -3.39 40.90 -25.28 1.75 12.55 15.29
Difference - - 8.09 -0.57 28.77 26.94 -16.93 -12.66 15.58 -1.76
CALENDAR YEAR (%)

Year Ended 31 December

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Fund - - 38.69 -17.60 30.34 73.13 -2.29 -41.48 16.01 19.26
Benchmark - - 37.28 -14.58 18.44 18.31 -2.54 -20.09 9.83 7.50
Difference - - 1.41 -3.02 11.90 54.83 0.25 -21.39 6.18 11.76

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 EM 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.

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 EM INDEX (the "Benchmark"). 

The Benchmark captures large and mid cap representation across 24 Emerging Markets countries. With 822 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country. 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 30 June 2025 unless otherwise indicated.
All data as of 30 June 2025 unless otherwise indicated.
Sector Allocation (%)
Sector
Fund
Benchmark
Financials 22.6% 24.5
Consumer Discretionary 21.7% 12.8
Information Technology 19.5% 24.1
Communication Services 16.2% 9.8
Industrials 8.9% 6.9
Healthcare 5.5% 3.2
Real Estate 1.9% 1.6
Materials 1.8% 5.8
Cash/Equiv 2.0%
GEOGRAPHIC ALLOCATION (%)
Region/Country
%
China 36.1
India 14.8
Brazil 14.6
Taiwan 14.4
Hong Kong 6.3
South Korea 5.7
Argentina 2.3
Peru 1.8
Singapore 1.2
Indonesia 0.8
Cash/Equiv 2.0
TOP 10 HOLDINGS (%)
Holding
Fund
Embraer SA - ADR 6.5
Tencent 6.2
Xiaomi - Class B 5.1
Alibaba 4.7
Taiwan Semiconductor Manufacturing Co Ltd. 4.7
BYD 4.0
Laopu Gold Co Ltd. 3.9
Kanzhun 3.5
XP - Class A 3.4
MakeMyTrip 3.3

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.

1Dollar Bloc represents allocation to U.S., Australia, Canada, Bermuda, and Cayman Islands. Europe represents all European countries plus Russia, Kazakhstan, and Turkey.

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.

Albert Kwok
Albert Kwok

Managing Director, emerging markets equity portfolio manager, and research analyst

|

Jennison Associates

Albert Kwok, CFA is a Managing Director, emerging markets equity portfolio manager, and research analyst.

Sara Moreno
Sara Moreno

Managing Director, Emerging Markets Portfolio Manager, and Research Analyst

|

Jennison Associates

Sara Moreno is a Managing Director, emerging markets equity portfolio manager, and research analyst.

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.

3550845    Ed. 05/2024

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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.