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PGIM Jennison Growth Fund
$ 0.32)1-DayChange
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A:PJFAX C:PJFCX R:PJGRX R2:PJFOX R4:PJFPX R6:PJFQX Z:PJFZX
Barron’s Best Fund Families: Ranked #4 for best fund family over the 1-year period ended 12/31/2024, among 48 qualifying fund families based on asset-weighted returns.
Seeks to provide long-term growth of capital by investing primarily in larger-cap stocks believed to have sustainable, above-market growth in revenues, earnings, and cash flows. The Fund may be appropriate for those seeking a diversified way to part...
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Morningstar Ratings as of 4/30/2025
Class Z Shares:
Overall Morningstar RatingTM out of 1,027 Large Growth funds. Morningstar measures risk-adjusted returns. The overall rating is a weighted average based on the Fund's 3-, 5-, and 10-year star rating, if applicable.
Fund Information
Style: Large Growth
Total Net Assets: $7.906 Billion
- Dividends: Paid annually, if any.
- Cap. Gains: Paid annually, if any.
- Calendar Year Performance
Fund Statistics as of 4/30/2025
Avg Weighted Market Cap ($mil)
—
Beta (3 year)
—
Standard Deviation (3 year)
—
Turnover Ratio (12-month %)
—
Prospectus & Shareholder Reports
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- Financial Statements and Other Information - Semiannual Opens in a new window
Portfolio Attributes as of 4/30/2025
Largest Holdings (% of Assets)
| NVIDIA | 7.7 % |
| Amazon.com | 7.2 % |
| Microsoft | 6.0 % |
| Netflix | 5.4 % |
| Apple | 5.2 % |
| Meta Platforms - Class A | 5.1 % |
| Broadcom | 4.0 % |
| Eli Lilly | 3.6 % |
| Mastercard - Class A | 3.1 % |
| Vertex Pharmaceuticals | 2.4 % |
| Top Ten (of 54) | 49.7 % |
Sector Breakdown (% of Assets)
| Information Technology | 32.3 % |
| Communication Services | 17.2 % |
| Consumer Discretionary | 16.9 % |
| Healthcare | 10.5 % |
| Financials | 8.0 % |
| Industrials | 5.3 % |
| Consumer Staples | 4.4 % |
| Utilities | 1.0 % |
| Cash/Equiv | 4.4 % |
All data is unaudited and subject to change. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Largest holdings excludes cash, cash equivalents, money market funds and enhanced cash strategies. Totals may not sum due to rounding.
Class A Shares:
Class C Shares:
Class R Shares:
Class R2 Shares:
Class R4 Shares:
Class R6 Shares:
Class Z Shares:
Source: Morningstar. Morningstar Ratings may be calculated based on share class adjusted historical returns. If so, the fund’s independent Morningstar Rating metric uses the fund’s oldest class to determine its hypothetical rating for certain periods. Morningstar Ratings are calculated for managed products with a 3-year minimum history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. Rating is calculated based on a Morningstar Risk-Adjusted Return measure accounting for variation in a managed product's monthly excess performance that emphasizes downward variations more and rewards consistent performance, with no sales load adjustment. In each category, the top 10% receive 5 stars, with 4 stars for the next 22.5%, 3 stars for the next 35%, 2 stars for the next 22.5%, and 1 star for the bottom 10%. Overall Morningstar Rating is derived from a weighted average of the performance associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics: for 36-59 months of total returns, 100% 3-year rating, for 60-119 months of total returns, 60% 5-year rating/40% 3-year rating, and for 120 or more months of total returns, 50% 10-year rating/30% 5-year rating/20% 3-year rating.
Total Returns (%) as of 3/31/2025
| Total Returns (%) (with sales charge) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Cumulative | Average Annual | ||||||||
| Class | Ticker | YTD | 1-Year | 3-Year | 5-Year | 10-Year | Since Inception | ||
| A | PJFAX | — | -2.73 | 6.84 | 16.52 | 13.32 | 9.75 11/02/1995 | ||
| C | PJFCX | — | 1.34 | 8.11 | 17.03 | 13.18 | 9.19 11/02/1995 | ||
| R | PJGRX | — | 2.71 | 8.64 | 17.58 | 13.72 | 11.07 12/17/2004 | ||
| R2 | PJFOX | — | 2.79 | 8.75 | 17.71 | — | 13.84 11/28/2017 | ||
| R4 | PJFPX | — | 3.05 | 9.02 | 18.00 | — | 14.13 11/28/2017 | ||
| R6 | PJFQX | — | 3.34 | 9.33 | 18.33 | — | 15.38 9/27/2017 | ||
| Z | PJFZX | — | 3.21 | 9.20 | 18.19 | 14.31 | 10.32 4/15/1996 | ||
| Russell 1000 Growth Index | -9.97 | 7.76 | 10.10 | 20.09 | 15.12 | 10.17 4/30/1996 | |||
| Morningstar Large Growth Category Average | -8.49 | 5.01 | 7.76 | 16.99 | 12.61 | 8.79 4/15/1996 | |||
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.
See Daily Returns for the PGIM Jennison Growth Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Jennison Growth Fund.
| Class |
|---|
| A |
| C |
| R |
| R2 |
| R4 |
| R6 |
| Z |
| Fund Expenses | Maximum Sales Charges (%) | |||
|---|---|---|---|---|
| Class | Gross (%) | Net (%) | Date* | |
| A | 0.97 | 0.97 | — | 5.5 |
| C | 1.68 | 1.68 | — | 1.0 |
| R | 1.45 | 1.20 | 1/31/2026 | — |
| R2 | 1.40 | 1.10 | 1/31/2026 | — |
| R4 | 0.86 | 0.85 | 1/31/2026 | — |
| R6 | 0.58 | 0.58 | — | — |
| Z | 0.69 | 0.69 | — | — |
Footnote
*This date represents the contractual reduction date through which the net expense ratio is in effect.See Sales Load BreakpointsOpens in a new window.
Total return describes the return to the investor after net operating expenses but before any sales charges are imposed. Lipper average is unmanaged, is based on the average return of all funds in this category, and does not take into consideration applicable sales charges. Unless noted otherwise, Lipper averages and index returns reflect performance beginning the closest month-end date to the Fund's inception. Benchmark since inception average is based on Class Z inception date. SEC standardized return describes the return to the investor after net operating expense and maximum sales charges are imposed. All returns assume share price changes as well as the compounding effect of reinvested dividends and capital gains. Returns may reflect fee waivers and/or expense reimbursements. Without such, returns would be lower. All returns 1-year or less are cumulative.
Morningstar Large Growth Category Average: Large-growth portfolios invest primarily in big U.S. companies that are projected to grow faster than other large-cap stocks. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. Growth is defined based on fast growth (high growth rates for earnings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields). Most of these portfolios focus on companies in rapidly expanding industries.
Russell 1000® Growth Index is unmanaged and contains those securities in the Russell 1000 Index with a greater-than-average growth orientation. Companies in this index tend to exhibit higher price-to-book and price-to-earnings ratios. The index and Russell are trademarks of the Frank Russell Company. Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2025. FTSE Russell is a trading name of certain of the LSE Group companies. Russell® is a trade mark of the relevant LSE Group companies and is/are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
An investment cannot be made directly in an index or average. All indexes and averages are unmanaged.
Largest Holdings (% of Assets)
| NVIDIA | 7.7 % |
| Amazon.com | 7.2 % |
| Microsoft | 6.0 % |
| Netflix | 5.4 % |
| Apple | 5.2 % |
| Meta Platforms - Class A | 5.1 % |
| Broadcom | 4.0 % |
| Eli Lilly | 3.6 % |
| Mastercard - Class A | 3.1 % |
| Vertex Pharmaceuticals | 2.4 % |
| Top Ten (of 54) | 49.7 % |
Sector Breakdown (% of Assets)
| Information Technology | 32.3 % |
| Communication Services | 17.2 % |
| Consumer Discretionary | 16.9 % |
| Healthcare | 10.5 % |
| Financials | 8.0 % |
| Industrials | 5.3 % |
| Consumer Staples | 4.4 % |
| Utilities | 1.0 % |
| Cash/Equiv | 4.4 % |
Largest Industries (% of Assets)
| Software | 13.5 % |
| Semiconductors & Equipment | 12.9 % |
| Interactive Media & Services | 8.8 % |
| Multi-Line Retail | 8.5 % |
| Entertainment | 7.8 % |
FUND STATISTICS as of 4/30/2025
| Avg Weighted Market Cap ($mil) | — |
| Beta (3 year) | — |
| Standard Deviation (3 year) | — |
| Turnover Ratio (12-month %) | — |
All data is unaudited and subject to change. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Largest holdings excludes cash, cash equivalents, money market funds and enhanced cash strategies. Totals may not sum due to rounding.
ABOUT
Jennison Associates is one of the nation's leading managers of growth, value, blend, and specialty equity strategies. It has earned a reputation for excellence by fulfilling the needs of clients for more than 50 years.
Blair Boyer, Michael Del Balso, Natasha Kuhlkin and Kathleen McCarragher are the portfolio managers for the PGIM Jennison Growth Fund.
Blair A. Boyer
is the Co-Head of Large Cap Growth Equity and a large cap growth equity portfolio manager.
View Bio
Michael Del Balso
is a managing director, Director of Research for Growth Equity, and Large Cap Growth Equity portfolio manager.
View Bio
Natasha Kuhlkin, CFA
Managing Director, is a large cap growth equity portfolio manager.
View Bio
Kathleen A. McCarragher
is the Head of Growth Equity and a large cap growth equity portfolio manager.
View Bio
Average weighted market capitalization is the average market capitalization of stocks in a fund, each weighted by its proportion of assets. Beta measures a fund's sensitivity to changes in the overall market relative to its benchmark. Standard deviation depicts how widely returns vary around its average and is used to understand the range of returns most likely for a given fund. A higher standard deviation generally implies greater volatility. Turnover Ratio is the rate of trading in a portfolio, higher values imply more frequent trading. Due to data availability, statistics may not be as of the current reporting period.
Enhanced cash strategies are variations on traditional money market vehicles. They are designed to provide liquidity and principal preservation, but with more of an emphasis on seeking returns that are superior to those of traditional money market offerings.
Source: Benchmarks - Lipper Inc.; Statistics - Morningstar Inc.; Sector classification - S&P/MSCI. *This figure is comprised of companies that have been classified by S&P/MSCI GICS or classified by Jennison Associates LLC. Companies classified by Jennison Associates LLC are not sponsored by the S&P/MSCI GICS classification system. All other data from PGIM, Inc. (PGIM).
© 2025 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar; (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.
Class R shares are closed to new investors. Class R2 shares and Class R4 shares are only offered for sale to group retirement plans available through a retirement recordkeeper or third party administrator. Class R6 and Z shares may be available to group retirement plans and institutional investors through certain retirement, mutual fund wrap and asset allocation programs. They may also be available to institutional investors. Class Z shares may be available through fee- or commission-based retail brokerage programs of certain financial intermediaries. Class A, C, and Z shares are generally closed to new retirement plans. Please see the prospectus for additional information about fees, expenses, and investor eligibility.
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. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.
Investment products are distributed by Prudential Investment Management Services LLC, member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. Jennison Associates is a registered investment advisor. All are Prudential Financial affiliates. © 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, Jennison Associates, Jennison, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional.
INVESTMENT PRODUCTS | Are not insured by the FDIC or any federal government agency | May lose value | Are not a deposit of or guaranteed by any bank or any bank affiliate.
Prudential Financial, Inc. 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 Compliance Use Only:4348743 Ed. 03/2025
