PGIM Investments launches new growth equity funds seeking industry leaders of tomorrowPGIMInvestmentslaunchesnewgrowthequityfundsseekingindustryleadersoftomorrow

“Within the small- and mid-cap space, we are looking for undiscovered, innovative investment opportunities across high-growth areas such as technology, e-commerce, and healthcare,” said Donnelly. “Our investment strategy allows us to invest early in a company’s lifecycle, tapping into opportunities not realized or fully appreciated by the broader investment community with the potential to deliver long-term risk-adjusted returns.”

A Leader in Growth Investing

Jennison Associates is a leading active equity manager with a track record spanning more than 50 years. The firm’s investment approach is based on rigorous fundamental bottom-up research, which has resulted in strong historical performance across its suite of growth equity funds.

The new funds complement the firm’s $8.7 billion PGIM Jennison Global Opportunities Fund and $5.2 billion PGIM Jennison International Opportunities Fund, both ranked in the top quartile of performance over the 1-, 3- and 5-year time periods within their respective Morningstar categories.¹

Stuart Parker, president and CEO of PGIM Investments, added, “We are pleased to expand our suite of top-performing global growth equity funds for investors who are looking for exposure to small- and mid-cap companies with high growth potential, from one of the top equity managers in the country.”

PGIM Investments is part of PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

ABOUT PGIM INVESTMENTS

PGIM Investments LLC and its affiliates offer more than 100 funds globally across a broad spectrum of asset classes and investment styles. All products draw on PGIM’s globally diversified investment platform that encompasses the expertise of managers across fixed income, equities, alternatives and real estate.

ABOUT JENNISON ASSOCIATES LLC

Founded in 1969, Jennison Associates offers a range of equity and fixed income investment strategies. Its equity expertise spans styles, geographies, and market capitalizations. Its fixed income capability includes investment-grade active and structured strategies of various durations. Original fundamental research, specialized investment teams, strong client focus, and highly experienced investment professionals are among the firm’s competitive distinctions. As of June 30, 2021, Jennison managed $241 billion in client assets. For more information, please visit jennison.com.

ABOUT PGIM

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset managers in the world² with approximately $1.5 trillion in assets under management as of June 30, 2021. With offices in 16 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives. For more information about PGIM, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

¹ Source: Morningstar as of June 30, 2021. Morningstar category rankings are based on total return, do not include the effect of sales charges, and are calculated against all funds in each fund’s respective Morningstar category as of June 30, 2021. Morningstar measures risk-adjusted returns. PGIM Jennison Global Opportunities Fund rankings in the Morningstar World Large-Stock Growth Category: Top 20% for 1-year (69 out of 352 funds); Top 8% for 3-year (20 out of 307 funds); Top 4% for 5-year (9 out of 263 funds). PGIM Jennison International Opportunities Fund rankings in the Morningstar Foreign Large Growth Category: Top 5% for 1-year (15 out of 445 funds); Top 2% for 3-year (5 out of 384 funds); Top 1% for 5-year (5 out of 323 funds).

² Prudential Financial, Inc. (PFI) is the 10th-largest investment manager (out of 477) in terms of global AUM based on the Pensions & Investments Top Money Managers list published on May 31, 2021. This ranking represents assets managed by PFI as of Dec. 31, 2020.

© 2021 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Past performance does not guarantee future results. Current performance may be lower or higher than the past performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost.

Consider a fund’s investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. Contact your financial professional for a prospectus and summary prospectus. Read them carefully before investing.

Investing in mutual funds involves risks. Some mutual funds have more risk than others. The investment return and principal value will fluctuate and shares when sold may be worth more or less than the original cost and it is possible to lose money.

The Funds may invest in foreign securities, which are subject to currency fluctuation and political uncertainty; foreign securities may also be less liquid than US stocks and bonds; emerging market securities, which are subject to greater volatility and price declines; and equity and equity-related securities, where the value of a particular security could go down resulting in a loss of money, including small and mid-cap securities, which may be subject to more erratic market movements than large-cap stocks. The Funds are subject to market risks, including economic risks, as well as market disruption and geopolitical risks (the value of investments may decrease, and international conflicts and geopolitical developments may adversely affect the U.S. and foreign financial markets, including increased volatility); liquidity risk exists when particular investments are hard to sell; geographic concentration, which can result in more pronounced risks based upon economic conditions that impact one or more countries or regions more or less than other countries or regions; and currency risk in that the value of a particular currency will change in relation to other currencies. The Funds’ growth style may subject the Funds to above-average fluctuations as a result of seeking higher than average capital growth. As new and relatively small funds, the Funds’ performance may not represent how the Funds are expected to or may perform in the long-term. Large shareholders could subject the Funds to large scale redemption risk. Actively managed funds are subject to the risk that the investment techniques and decisions of the subadviser may not produce the desired results. The Funds are non-diversified which means that the funds may invest a greater percentage of its assets in the securities of a single company or other issuer than a diversified fund. Your actual cost of investing in the Funds may be higher than the expenses shown in the expense table for a variety of reasons. There is no guarantee the Funds’ objective will be achieved. The risks associated with the Fund are more fully explained in the Fund's prospectus and summary prospectus.

Mutual funds are distributed by Prudential Investment Management Services LLC. Jennison Associates is a registered investment advisor. Both are Prudential Financial companies. © 2021 Prudential Financial, Inc. and its related entities. Jennison, PGIM and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

Investment products are not insured by the FDIC or any federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate.

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