Key Themes Driving Tomorrow’s Growth
Whether driven by technology, demographics or some other broad factor, secular trends offer well-positioned companies access to exceptionally resilient growth. Prominent transformational trends can be especially fruitful in generating attractive long-term opportunities.
FIND TOMORROW’S MARKET LEADERS IN TODAY’S TRENDS
PGIM’s fundamental equity manager Jennison Associates emphasises opportunities related to secular growth trends by isolating innovative companies that are uniquely positioned to capitalise on them. This approach offers access to fast-growing businesses providing cutting-edge products and services in developed and emerging markets, with a particular focus on rising companies poised to become future market leaders.
FEATURED FUNDS
| Fund | Morningstar Rankings | ||||
|---|---|---|---|---|---|
|
1-Yr
|
3-Yr
|
5-Yr
|
10-Yr
|
||
|
88%
2561/2998
|
13%
283/2533
|
41%
974/1833
|
3%
26/883
|
||
|
43%
318/869
|
12%
140/737
|
42%
427/613
|
17%
156/356
|
||
|
63%
2124/3525
|
52%
1526/3057
|
68%
1466/2497
|
6%
45/1451
|
||
|
99%
788/808
|
81%
491/607
|
|
|
||
Source: Morningstar. Morningstar measures risk adjusted returns. The Overall Rating is a weighted average based on a fund's 3-, 5-, 10-year, if applicable. Please see applicable fund page for a full list of star ratings. 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.
BENEFIT FROM 50+ YEARS OF INVESTMENT EXCELLENCE
Jennison Associates manages $193 billion using an active investment approach driven by individual-company fundamentals. Successfully employed for more than five decades, the approach identifies companies behind structural shifts in their industries that enjoy sustainable competitive advantages and consistent revenue gains. Portfolio characteristics reflect the most compelling opportunities uncovered through exhaustive, bottom-up research.
Featured Insights
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Beyond the Hype: Finding Growth in an Uncertain MarketGlobal markets continue to experience significant volatility, presenting a new mix of challenges and opportunities for investors.
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Investing and Innovation: A Global ViewOur Global Growth Equity portfolio managers discuss their latest insights and investing ideas.
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-
Finding Growth Through Sentiment ShiftsJennison Associates’ Mark Baribeau shares his perspective on growth investing in this dynamic environment.
Read More
-
Transformational Shifts Fuel Long-term Growth OpportunitiesJennison Associates’ Manan Golecha believes that there are long-term opportunities available for growth investors who adopt a fundamentals-based approach.
Read More
-
Turning Challenges Into Durable SuccessJennison Associates outlines their outlook on the long-term prospects for growth stocks amid the fluid market environment.
Read More
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Sources of data (unless otherwise noted) are as of 31/03/2025.
References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities. The securities referenced may or may not be held in the portfolio at the time of publication and, if such securities are held, no representation is being made that such securities will continue to be held.
The views expressed herein are those of PGIM investment professionals at the time the comments were made, may not be reflective of their current opinions, and are subject to change without notice. Neither the information contained herein nor any opinion expressed shall be construed to constitute investment advice or an offer to sell or a solicitation to buy any securities mentioned herein. Neither PFI, its affiliates, nor their licensed sales professionals render tax or legal advice. Clients should consult with their attorney, accountant, and/or tax professional for advice concerning their particular situation. Certain information in this commentary has been obtained from sources believed to be reliable as of the date presented; however, we cannot guarantee the accuracy of such information, assure its completeness, or warrant such information will not be changed. The information contained herein is current as of the date of issuance (or such earlier date as referenced herein) and is subject to change without notice. The manager has no obligation to update any or all such information; nor do we make any express or implied warranties or representations as to the completeness or accuracy.
Any projections or forecasts presented herein are subject to change without notice. Actual data will vary and may not be reflected here. Projections and forecasts are subject to high levels of uncertainty. Accordingly, any projections or forecasts should be viewed as merely representative of a broad range of possible outcomes. Projections or forecasts are estimated based on assumptions, subject to significant revision, and may change materially as economic and market conditions change.
Morningstar Ratings
The Morningstar Rating for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustments for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year(if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
©2025 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 is not a guarantee or a reliable indicator of future results.
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