Fact SheetJennison International Opportunities Fund
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A:PWJAX C:PWJCX R:PWJRX R2:PWJBX R4:PWJDX R6:PWJQX Z:PWJZX
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.
Class R6
Also available as an ETF.
Morningstar Rankings as of 6/30/2025
Source: Morningstar. All rights reserved. Used with permission. Class Z shares inception: 6/5/2012. Morningstar rankings are based on total return, do not include the effects of sales charges, and are calculated against all funds in the Morningstar Foreign Large Growth category. Other share classes have different rankings. Other share classes have different rankings. Past performance does not guarantee future results.
Seeks long-term growth of capital. The Fund invests primarily in companies outside the U.S., and may be appropriate for those looking for broad international diversification and are interested in managers who can seek the best equity opportunities w...
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Fund Information
Style: Multi-Cap Growth
Total Net Assets: $5.606 Billion
- Dividends: Paid annually, if any.
- Cap. Gains: Paid annually, if any.
- Calendar Year Performance
Fund Statistics as of 6/30/2025
Avg Weighted Market Cap ($mil)
131,385.9
Beta (3 year)
1.09
Standard Deviation (3 year)
19.70
Turnover Ratio (12-month %)
44
Prospectus & Shareholder Reports
- Summary Prospectus Opens in a new window
- Prospectus Opens in a new window
- Annual Report Opens in a new window
- Semi Annual Report Opens in a new window
- SAI Opens in a new window
- Financial Statements and Other Information - Annual Opens in a new window Financial Statements and Other Information - Semiannual
Portfolio Attributes as of 6/30/2025
Largest Holdings (% of Assets)
| Rheinmetall AG | 5.7 % |
| MercadoLibre | 5.4 % |
| Taiwan Semiconductor Manufacturing | 5.3 % |
| CyberArk Software | 4.7 % |
| Xiaomi - Class B | 4.6 % |
| Safran | 4.6 % |
| Spotify Technology | 4.5 % |
| SAP | 4.2 % |
| Hermes International | 3.8 % |
| Compass Group | 3.3 % |
| Top Ten (of 36) | 46.1 % |
Sector Breakdown (% of Assets)
| Consumer Discretionary | 31.4 % |
| Information Technology | 26.5 % |
| Industrials | 16.4 % |
| Healthcare | 9.1 % |
| Communication Services | 8.8 % |
| Financials | 3.9 % |
| Consumer Staples | 2.7 % |
| Cash/Equiv | 1.1 % |
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.
Risks of investing in the fund include but are not limited to the following: Foreign securities are subject to currency fluctuations and political uncertainty. Emerging market investments are subject to greater volatility and price declines. Growth style investing may subject the Fund to above-average fluctuations as a result of seeking higher than average capital growth. Small- and Mid-cap investments may be subject to more erratic market movements than large-cap stocks. Geographic concentration may cause the Fund’s performance to be closely tied to the market, economic, political, regulatory or other conditions in the countries or regions in which the fund invests. Equity and equity-related securities may be subject to changes in value, and their values may be more volatile than those of other asset classes. Investments in currency may result in a decline in the fund’s net asset value due to changes in exchange rates. Derivatives may carry market, credit and liquidity risks. There is no guarantee the Fund's objective will be achieved. Risks are more fully explained in the fund's prospectus.
Total Returns (%) as of 6/30/2025
| Total Returns (%) (with sales charge) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Cumulative | Average Annual | ||||||||
| Class | Ticker | YTD | 1-Year | 3-Year | 5-Year | 10-Year | Since Inception | ||
| A | PWJAX | — | 5.30 | 12.65 | 5.76 | 8.87 | 9.78 6/05/2012 | ||
| C | PWJCX | — | 9.53 | 13.86 | 6.10 | 8.63 | 9.40 6/05/2012 | ||
| R | PWJRX | — | 11.02 | 14.36 | 6.57 | — | 8.88 11/20/2017 | ||
| R2 | PWJBX | — | 11.15 | 14.51 | 6.70 | — | 13.44 12/27/2018 | ||
| R4 | PWJDX | — | 11.41 | 14.79 | 6.97 | — | 13.73 12/27/2018 | ||
| R6 | PWJQX | — | 11.69 | 15.07 | 7.23 | — | 10.95 12/23/2015 | ||
| Z | PWJZX | — | 11.62 | 15.00 | 7.17 | 9.72 | 10.50 6/05/2012 | ||
| MSCI ACWI ex USA Index | 17.90 | 17.72 | 13.99 | 10.13 | 6.12 | 7.30 5/31/2012 | |||
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 International Opportunities Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Jennison International Opportunities Fund.
| Class |
|---|
| A |
| C |
| R |
| R2 |
| R4 |
| R6 |
| Z |
| Fund Expenses | Maximum Sales Charges (%) | |||
|---|---|---|---|---|
| Class | Gross (%) | Net (%) | Date* | |
| A | 1.24 | 1.09 | 2/28/2026 | 5.5 |
| C | 1.99 | 1.90 | 2/28/2026 | 1.0 |
| R | 1.70 | 1.45 | 2/28/2026 | — |
| R2 | 1.37 | 1.34 | 2/28/2026 | — |
| R4 | 1.18 | 1.08 | 2/28/2026 | — |
| R6 | 0.84 | 0.84 | — | — |
| Z | 0.95 | 0.90 | 2/28/2026 | — |
Footnote
*This date represents the contractual reduction date through which the net expense ratio is in effect.See Sales Load Break points.Opens 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.
MSCI All Country World ex-U.S. ND Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets, excluding the U.S. It comprises approximately 22 developed and 24 emerging market country indexes.
An investment cannot be made directly in an index or average. All indexes and averages are unmanaged.
Largest Holdings (% of Assets)
| Rheinmetall AG | 5.7 % |
| MercadoLibre | 5.4 % |
| Taiwan Semiconductor Manufacturing | 5.3 % |
| CyberArk Software | 4.7 % |
| Xiaomi - Class B | 4.6 % |
| Safran | 4.6 % |
| Spotify Technology | 4.5 % |
| SAP | 4.2 % |
| Hermes International | 3.8 % |
| Compass Group | 3.3 % |
| Top Ten (of 36) | 46.1 % |
Sector Breakdown (% of Assets)
| Consumer Discretionary | 31.4 % |
| Information Technology | 26.5 % |
| Industrials | 16.4 % |
| Healthcare | 9.1 % |
| Communication Services | 8.8 % |
| Financials | 3.9 % |
| Consumer Staples | 2.7 % |
| Cash/Equiv | 1.1 % |
Country Concentration (% of Assets)
| Germany | 13.7 % |
| France | 13.1 % |
| China | 7.9 % |
| Italy | 7.2 % |
| Switzerland | 5.5 % |
| United States | 5.4 % |
| Taiwan | 5.3 % |
| Canada | 5.0 % |
| Israel | 4.7 % |
| Brazil | 4.6 % |
| Other | 26.5 % |
| Cash/Equiv | 1.1 % |
FUND STATISTICS as of 6/30/2025
| Avg Weighted Market Cap ($mil) | 131,385.9 |
| Beta (3 year) | 1.09 |
| Standard Deviation (3 year) | 19.70 |
| Turnover Ratio (12-month %) | 44 |
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.
Mark Baribeau and Thomas Davis are the portfolio managers for the PGIM Jennison International Opportunities Fund.
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. An investment cannot be made directly in an index. 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:4500561 Ed. 05/2025
