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  • factsheet pdfFact SheetOpens in a new window
  • factsheet pdfFund CommentaryOpens in a new window
  • factsheet pdfFact SheetOpens in a new window

Jennison International Opportunities FundJennisonInternationalOpportunitiesFund

Jennison International Opportunities

NAV as of 7/3/2025

$ 34.86(Gain $ 0.08)1-Day
Change

(Z class)

NAV Total Return as of 7/3/2025

YTD: 15.01%

(Z class)

  • Overview
  • Performance
  • Portfolio
  • Management
  • Literature

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.

Barron's Award Information

Class R6

Morningstar Medalist RatingTM

Also available as an ETF.

Morningstar Rankings as of 5/31/2025

1-Year
58%
227/389
3-Year
30%
90/366
5-Year
57%
185/334
10-Year
4%
8/218


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.
Objective

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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Objective

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 without regional or benchmark restraints.

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  • Fact Sheet Opens in a new window
  •   
  • Fund Commentary Opens in a new window

Growth of $10,000

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. This chart represents historical performance and does not assume the effects of sales charges or varying fees and expenses of other share classes. If shown with sales charges or these other fees and expenses, performance could have been lower. It is not possible to invest directly in an index. Click here to view benchmark index definitions Opens in a new window.

Fund Information

Style: Multi-Cap Growth
Total Net Assets: $5.428 Billion

  •  Dividends: Paid annually, if any.
  •  Cap. Gains: Paid annually, if any.
  •  Calendar Year Performance


Fund Statistics as of 5/31/2025

Avg Weighted Market Cap ($mil)

131,385.9

Beta (3 year)

1.07

Standard Deviation (3 year)

20.26

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 5/31/2025
Largest Holdings (% of Assets)
Largest Holdings (% of Assets) table
Rheinmetall AG6.0 %
MercadoLibre5.5 %
Taiwan Semiconductor Manufacturing4.6 %
CyberArk Software4.5 %
Hermes International4.4 %
Safran4.3 %
SAP4.3 %
Spotify Technology4.0 %
Xiaomi - Class B4.0 %
BYD3.8 %
Top Ten (of 35) 45.4 %

Sector Breakdown (% of Assets)
Sector Breakdown (% of Assets) table
Consumer Discretionary34.1 %
Information Technology26.0 %
Industrials15.6 %
Healthcare9.8 %
Communication Services7.0 %
Financials3.7 %
Consumer Staples2.8 %
Cash/Equiv0.9 %

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.


Morningstar rankings for 1-, 3-, 5-, and 10-years are Class A: 237/389, 109/366, 195/334, and 10/218; Class C: 265/389, 171/366, 243/334, and 27/218; Class R: 248/389, 145/366, 214/334, and 27/296; Class R2: 246/389, 135/366, 208/334, and N/A; Class R4: 236/389, 106/366, 194/334, and N/A; Class R6: 224/389, 89/366, 183/334, and 10/296; Class Z: 227/389, 90/366, 185/334, and 8/218.
Barron's Information: PGIM Investments ranked 4 out of 48, 8 out of 47, 12 out of 46 firms for the 1-, 5-, and 10-year periods ended 12/31/2024, respectively. PGIM Jennison International Opportunities Fund (Class Z) Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 12/31/2024 for the International Large-Cp Gro Funds category were: 162/393, 345/369, 29/342, and 6/221, 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.
Class Z Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 3/31/2025: 358/403, 319/378, 161/341, and 8/223, respectively. Past Performance is no guarantee of future results.
Used with permission. © 2025 Dow Jones & Company, Inc. Source: Barron’s, Feb. 27, 2025. 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, 2024, 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 2024 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.
The Morningstar Medalist RatingTM is the summary expression of Morningstar’s forward-looking investment strategies analysis offered via specific vehicles on a Gold, Silver, Bronze, Neutral, and Negative scale. These ratings indicate the investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investments are evaluated on 3 pillars (People, Parent, and Process) which, when coupled with a fee assessment, form the basis for Morningstar’s conviction in those product’s investment merits and determine the assigned rating. Pillar ratings are Low, Below Average, Average, Above Average, and High, and are evaluated qualitatively (either directly to a covered vehicle or indirectly when a covered vehicle’s ratings are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by expected performance into rating groups defined by their Morningstar Category and active or passive status. Analysts who directly cover a vehicle assign the 3 pillar ratings based on their qualitative assessment, subject to Analyst Rating Committee oversight, and monitor and reevaluate them at least every 14 months. Vehicle ratings are assigned monthly when covered either indirectly by analysts or by algorithm. For more information, please visit www.global.morningstar.com/managerdisclosures/. Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to issues like unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment. Changes in underlying factors can mean the rating is subsequently no longer accurate. ‡Source: Morningstar.

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.

  • Monthly & Quarterly Performance
  • Prices & Yields

Total Returns (%) as of 6/30/2025

SALES CHARGE
ONOFF
RETURNS
MONTHLYQUARTERLY
Average Returns table
Total Returns (%)
(with sales charge)
CumulativeAverage Annual
ClassTicker YTD1-Year3-Year5-Year10-YearSince Inception
APWJAX—5.3012.655.768.879.78
6/05/2012
CPWJCX—9.5313.866.108.639.40
6/05/2012
RPWJRX—11.0214.366.57—8.88
11/20/2017
R2PWJBX—11.1514.516.70—13.44
12/27/2018
R4PWJDX—11.4114.796.97—13.73
12/27/2018
R6PWJQX—11.6915.077.23—10.95
12/23/2015
ZPWJZX—11.6215.007.179.7210.50
6/05/2012
MSCI ACWI ex USA Index17.9017.7213.9910.136.127.30
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.

Fund Expenses Table Header
Class
A
C
R
R2
R4
R6
Z
Fund Expenses Table
Fund ExpensesMaximum Sales Charges (%)
ClassGross (%)Net (%)Date*
A1.241.092/28/20265.5
C1.991.902/28/20261.0
R1.701.452/28/2026—
R21.371.342/28/2026—
R41.181.082/28/2026—
R60.840.84——
Z0.950.902/28/2026—

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.

Morningstar Foreign Large-Growth Category Average: Foreign large-growth portfolios focus on high-priced growth stocks, mainly outside of the United States. Most of these portfolios divide their assets among a dozen or more developed markets, including Japan, Britain, France, and Germany. These portfolios primarily invest in stocks that have market caps in the top 70% of each economically integrated market (such as Europe or Asia ex-Japan). 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). These portfolios typically will have less than 20% of assets invested in U.S. stocks.

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.

  • Portfolio Summary
  • Complete Holdings
  • Portfolio
    • Portfolio Summary
    • Complete Holdings

Portfolio Attributes as of 5/31/2025

Largest Holdings (% of Assets)

Portfolio Attributes Table
Rheinmetall AG6.0 %
MercadoLibre5.5 %
Taiwan Semiconductor Manufacturing4.6 %
CyberArk Software4.5 %
Hermes International4.4 %
Safran4.3 %
SAP4.3 %
Spotify Technology4.0 %
Xiaomi - Class B4.0 %
BYD3.8 %
Top Ten (of 35)45.4 %

Sector Breakdown (% of Assets)

Portfolio Attributes Table
Consumer Discretionary34.1 %
Information Technology26.0 %
Industrials15.6 %
Healthcare9.8 %
Communication Services7.0 %
Financials3.7 %
Consumer Staples2.8 %
Cash/Equiv0.9 %

Country Concentration (% of Assets)

Portfolio Attributes Table
France14.4 %
Germany13.7 %
China7.8 %
Italy7.7 %
Switzerland6.0 %
United States5.5 %
Canada4.6 %
Taiwan4.6 %
Israel4.5 %
Belgium4.1 %
Other26.2 %
Cash/Equiv0.9 %

FUND STATISTICS  as of 5/31/2025

Portfolio Attributes Table
Avg Weighted Market Cap ($mil)131,385.9
Beta (3 year)1.07
Standard Deviation (3 year)20.26
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.

View Bio
Mark Baribeau, CFA

is a managing director, the Head of Global Equity, and a global equity portfolio manager.

View Bio

View Bio
Davis_Thomas_P_428x535.jpg
Thomas Davis

is a managing director and a portfolio manager for the global equity opportunity and international equity opportunity strategies.

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. 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

 
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PGIM, the principal investment management business of Prudential Financial, Inc. (PFI), is comprised of several business units, including PGIM Investments.   PGIM Investments, a subsidiary of PFI, is an investment adviser and the investment manager to all PGIM US open-end investment companies and manager or administrator to closed-end investment companies. Other PGIM businesses that may sub-advise certain PGIM Investments open and closed-end investment companies include:  PGIM Real Estate, Jennison Associates, PGIM Quantitative Solutions LLC, PGIM Limited, and PGIM Fixed Income. Investment products are distributed by Prudential Investment Management Services LLC,  member FINRAopens in a new window, SIPCopens in a new window and affiliate of PGIM Investments.   Any content relating to securities is the sole responsibility of PIMS, unless otherwise noted.  Check the background of this firm on FINRA’s BrokerCheckopens in a new window.

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Separately managed accounts are offered through PGIM, Inc., Jennison Associates, PGIM Custom Harvest, and PGIM Quantitative Solutions LLC.

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.

© 2025 Prudential Financial, Inc. and its related entities. Jennison Associates, PGIM Real Estate, PGIM Custom Harvest, PGIM, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

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.

 

INVESTMENT PRODUCTS: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED

 

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