PGIM Gets Top Ranks in Barron’s Fund Families Ranking
Apr 23, 2024
PGIM Investments ranked #3 for best fund family over the 1-year period ending 12/31/23, among 49 qualifying fund families based on asset-weighted returns.
PGIM Investments has achieved several top rankings among 49 firms in Barron’s annual Fund Families Ranking of actively managed mutual funds and ETFs, published on February 29, 2024. The firm achieved the No. 3 ranking for best fund families over the one-year period ending December 31, 2023. PGIM Investments also ranked No. 13 for the five-year performance among 47 firms and No. 10 for the 10-year performance among 46 firms.
“We’ve built out a diversified suite of products across asset classes with the goal of outperformance,” said Stuart Parker, president and CEO of PGIM Investments. “Our multi-manager model allows us to be specialists at scale, and we believe this is the best way for our managers to deliver alpha, as recognized by Barron’s.”
For most recent standardized performance and top ten holdings of funds mentioned in the Barron's article above, please visit the fund profile pages below:
PGIM Total Return Bond Fund
PGIM Jennison International Opportunities Fund
PGIM Jennison Growth Fund
PGIM Total Return Bond Fund (Class Z) Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 12/31/2023 for the Core Plus Bond Fund category were: 18/329, 144/303, 131/281, and 25/182, respectively. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund’s respective Lipper category. Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 9/30/2024: 50/321, 106/301, 157/275, and 27/176, respectively.
PGIM Jennison Growth Fund (Class Z) Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 12/31/2023 for the Large-Cap Growth Fund category were: 32/675, 493/635, 103/591, and 54/462, respectively. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund’s respective Lipper category. Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 9/30/2024: 255/673, 468/633, 90/600, and 65/477, respectively.
PGIM Jennison International Opportunities Fund (Class Z) Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 12/31/2023 for the International Large-Cap Growth Funds category were: 38/371, 304/342, 5/296, and 5/204, respectively. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund’s respective Lipper category. Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 9/30/2024: 35/387, 340/367, 18/320, and 5/217, respectively.
Past performance is no guarantee of future results.
Used with permission. ©2024 Dow Jones & Company, Inc. Source: Barron’s, Feb. 29, 2024. Barron’s rankings are based on asset-weighted returns in funds in five categories: U.S. Equity; World Equity; Mixed Asset; Taxable Bond; and Tax-Exempt (each a “Barron’s ranking category”). Rankings also take into account an individual fund’s performance within its Lipper peer universe. Lipper calculated each fund’s net total return for the year ended Dec. 31, 2023, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking, with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer “universe,” as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2023 weighting of their Barron’s ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron’s ranking category. To qualify for the ranking, firms must offer at least three active mutual funds or actively run ETFs in Lipper’s general U.S. Stock category; one in World Equity; and one Mixed Asset. They also need to offer at least two taxable bond funds and one national tax-exempt bond fund. All funds must have a track record of at least one year.
© Refinitiv Lipper 2024. All Rights Reserved. Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. Lipper provides global, independent fund performance data. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.
Investing in mutual funds involves risk. 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. There is no guarantee a Fund’s objectives will be achieved. Diversification does not assure a profit or protect against loss in declining markets.
The holdings referenced in the interview were as of 1/31/2024: Nvidia (6.86% in PGIM Jennison Growth Fund), Amazon (7.44% in PGIM Jennison Growth Fund), Tesla (2.46% in PGIM Jennison Growth Fund), Lululemon Athletica (1.33% in PGIM Jennison Growth Fund), Airbnb (0.66% in PGIM Jennison Growth Fund), MercadoLibre (6.09% in PGIM Jennison International Opportunities Fund and 1.90% in PGIM Jennison Growth Fund), LVMH Moët Hennessy Louis Vuitton (3.64% in PGIM Jennison International Opportunities Fund and 1.18% in PGIM Jennison Growth Fund), Hermès International (4.80% in PGIM Jennison International Opportunities Fund), and Ferrari (6.14% in PGIM Jennison International Opportunities Fund). Holdings are unaudited, may vary and are subject to change. Please refer to the Fund's annual report for audited holdings information. This is not a recommendation to buy or sell any security listed.
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.
Investment products are distributed by Prudential Investment Management Services LLC, a member FINRA and SIPC. Jennison Associates is a registered investment advisor. PGIM Fixed Income is an affiliate of PGIM. Both are Prudential Financial companies. © 2024 Prudential Financial, Inc. and its related entities. PGIM and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
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