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  • factsheet pdfFact Sheet Opens in a new window

PGIM Jennison Int'l Small-Mid Cap Opportunities FundPGIMJennisonInt'lSmall-MidCapOpportunitiesFund

Jennison International Small-Mid Cap Opportunities

NAV as of 7/21/2025

$ 8.48(N/C $ 0.00)1-Day
Change

(Z class)

NAV Total Return as of 7/21/2025

YTD: 2.66%

(Z class)

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A:PAHWX C:PAILX R6:PAIOX Z:PAINX

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

Objective

Seeks long-term growth of capital. The Fund invests in small- and mid-sized companies outside the U.S. and may be appropriate for those looking for managers who can seek the best opportunities in non-U.S. small- and mid-sized companies without regio... 
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Objective

Seeks long-term growth of capital. The Fund invests in small- and mid-sized companies outside the U.S. and may be appropriate for those looking for managers who can seek the best opportunities in non-U.S. small- and mid-sized companies without regional or sector restraints.

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  • Fact Sheet 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: SMID-Cap Growth
Total Net Assets: $18 Million

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


Fund Statistics

Avg Weighted Market Cap ($mil)

13,949.6

Beta (since inception)

—

Standard Deviation (since inception)

16.34

Turnover Ratio (12-month %)

83


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)
Largest Holdings (% of Assets) table
Dollarama4.5 %
Fairfax Financial4.3 %
Kongsberg Gruppen ASA3.7 %
CyberArk Software3.6 %
Xero Ltd.3.3 %
AvePoint Inc. - Class A3.2 %
Monday.com3.1 %
Euronext NV3.1 %
Embraer SA - ADR2.9 %
Coupang - Class A2.8 %

Sector Breakdown (% of Assets)
Sector Breakdown (% of Assets) table
Information Technology29.8 %
Financials20.0 %
Consumer Discretionary16.7 %
Industrials16.7 %
Communication Services4.5 %
Consumer Staples4.1 %
Healthcare3.3 %
Materials1.5 %
Real Estate1.4 %
Cash/Equiv1.9 %

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.


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 Small-Mid Cap 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 Small-Mid Cap Growth Funds category were: 6/168, 73/158, N/A, and N/A, 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 6/30/2025: 137/143, 91/142, N/A, and N/A, 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.

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. 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. 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. Investments in currency may result in a decline in the fund’s net asset value due to changes in exchange rates. As a non-diversified fund, the Fund may not be invested all sectors, so losses in one sector or security will have a greater impact on performance. 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
APAHWX—1.459.45——-5.23
9/14/2021
CPAILX—5.6110.67——-4.52
9/14/2021
R6PAIOX—7.6611.85——-3.51
9/14/2021
ZPAINX—7.6711.79——-3.55
9/14/2021
MSCI ACWI ex USA SMID Cap Index19.3620.6513.9410.236.253.00
8/31/2021

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 Small-Mid Cap Opportunities Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Jennison International Small-Mid Cap Opportunities Fund.

Fund Expenses Table Header
Class
A
C
R6
Z
Fund Expenses Table
Fund ExpensesMaximum Sales Charges (%)
ClassGross (%)Net (%)Date*
A7.451.412/28/20265.5
C34.282.162/28/20261.0
R64.181.112/28/2026—
Z4.261.162/28/2026—

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. Morningstar Category 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, Morningstar Category Average 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 Small/Mid-Growth Category Average: Foreign small/mid-growth portfolios invest in international stocks that are smaller, growing faster, and higher-priced than other stocks. These portfolios primarily invest in stocks that fall in the bottom 30% 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 USA Small Mid Cap Index (MSCI ACWI ex USA SMID Cap Index) captures mid and small cap representation across 22 of 23 Developed Market (DM) countries (excluding the US) and 24 Emerging Markets countries. The index covers approximately 28% of the free float-adjusted market capitalization in each country. 

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 6/30/2025

Largest Holdings (% of Assets)

Portfolio Attributes Table
Dollarama4.5 %
Fairfax Financial4.3 %
Kongsberg Gruppen ASA3.7 %
CyberArk Software3.6 %
Xero Ltd.3.3 %
AvePoint Inc. - Class A3.2 %
Monday.com3.1 %
Euronext NV3.1 %
Embraer SA - ADR2.9 %
Coupang - Class A2.8 %

Sector Breakdown (% of Assets)

Portfolio Attributes Table
Information Technology29.8 %
Financials20.0 %
Consumer Discretionary16.7 %
Industrials16.7 %
Communication Services4.5 %
Consumer Staples4.1 %
Healthcare3.3 %
Materials1.5 %
Real Estate1.4 %
Cash/Equiv1.9 %

Country Concentration (% of Assets)

Portfolio Attributes Table
Canada18.9 %
Israel13.7 %
United Kingdom8.1 %
Australia7.7 %
Sweden6.1 %
Netherlands4.7 %
United States4.6 %
India4.6 %
Switzerland4.2 %
South Korea4.2 %
Other21.3 %
Cash/Equiv1.9 %

FUND STATISTICS  as of 6/30/2025

Portfolio Attributes Table
Avg Weighted Market Cap ($mil)13,949.6
Beta (since inception)—
Standard Deviation (since inception)16.34
Turnover Ratio (12-month %)83

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.

*Diversified sector represents real estate companies that own properties across multiple sectors.

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, John Donnelly, and Edward Duggan are the portfolio managers for the PGIM Jennison International Small-Mid Cap 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
John Donnelly, CFA

is a Managing Director, global and international smidcap equity portfolio manager.

View Bio

View Bio
Edward Duggan

 is a portfolio manager for the global nextgen and international smid cap equity strategies and equity research analyst covering global consumer companies.

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 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:4653879    Ed. 07/2025

 
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© 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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