SEEK OUT GROWTH
Growth Investing in the NEXT Economy
INVEST IN GROWTH STRATEGIES WITH STRONG ALPHA POTENTIAL
Faster growth companies outperform slower growth companies by a wide margin. Jennison Associates, our fundamental equity manager, has a 50-year track record of identifying game-changing trends and investing early to capitalize on the fast growth potential of future market leaders in their nascent stages. They believe that creating portfolios of innovative companies with sustainable competitive edges requires a flexible, opportunistic approach with a long-term view that can look past short-term market noise. Explore our featured investing ideas.
Unconstrained in sourcing growth anywhere in the world
In an increasingly growth scarce world, broadening the opportunity set allows investors to find the best growth opportunities anywhere in the world. The PGIM Jennison Global Opportunities Fund (PRJZX) agnostically sources growth across sectors, industries and countries through companies believed to be new market leaders with accelerating growth rates, fueled by disruptive products and services. The Fund typically holds 35-45 stocks.
Flexible in finding the best foreign growth opportunities
With U.S. big tech firms representing larger portions of U.S. indices, including strong international growth companies can help investors bolster a U.S. stock allocation. The PGIM Jennison International Opportunities Fund (PWJZX) uses a flexible approach towards finding the strongest foreign investment opportunities, including in the emerging markets. The Fund typically holds 35-45 stocks.
Opportunistic in seeking the strongest growth companies
Known as the innovation center of the world, the U.S. is a prime region to find disruptive companies that are transforming every sector and region around the globe. While primarily focused on U.S. stocks, the PGIM Jennison Growth Fund (PJFZX) opportunistically balances strong concentrated exposure in high-growth dominant secular growth companies globally with more diversified exposure across younger, smaller, faster growth companies that have potential to emerge into future market leaders. The Fund typically holds approximately 60 stocks.
Concentrated in representing the strongest growth companies
Known as the innovation center of the world, the U.S. is a prime region to find disruptive companies that are transforming every sector and region around the globe. While primarily focused on U.S. stocks, the PGIM Jennison Focused Growth Fund (SPFZX) uses a more concentrated approach towards balancing strong exposure in high-growth, dominant secular growth companies globally with diversified exposure across younger, smaller, faster growth companies that have potential to emerge into future market leaders. The Fund typically holds approximately 30 stocks.
Morningstar as of 3/31/2021. Overall Morningstar Rating for the PGIM Jennison Global Opportunities Fund is out of 762 World Large Stock funds. The 3- and 5-year ratings are 5 stars out of 762 funds and 5 stars out of 645 funds, respectively. Morningstar measures risk-adjusted returns. The overall rating is based on the Fund’s 3- and 5-year star rating for Z Shares. PGIM Jennison Growth Fund: Overall Rating out of 1,186 funds. PGIM Jennison Focused Growth Fund: Overall Rating out of 1,186 funds. PGIM Jennison International Opportunities Fund: Overall Rating out of 383 funds. Morningstar category rankings are based on total return, do not include the effect of sales charges, and are calculated against all funds in the Morningstar World Large Stock category as of 3/31/2021, using Class Z shares. Past performance is no guarantee of future performance.
Jennison Associates: A Culture of Conviction
- 50+ yearsProven track record capitalizing on secular growth opportunities
- $155BAssets under management from our leading active equity manager1
- 29 yearsAveraging 29 years of experience providing sector research
1 As of 3/31/2021
Morningstar Ratings Disclaimer: Source: Morningstar as of 3/31/2021. PGIM Jennison Growth Fund’s Class Z 3-, 5-, and 10-year ratings are 4 stars out of 1,186 funds, 4 stars out of 1,065 funds, and 4 stars out of 788 funds, respectively. PGIM Jennison Focused Growth Fund’s Class Z 3-, 5-, and 10-year ratings are 4 stars out of 1,186 funds, 4 stars out of 1,186 funds, and 4 stars out of 788 funds, respectively. PGIM Jennison Global Opportunities Fund’s Class Z 3- and 5-year ratings are 5 stars out of 762 funds and 5 stars out of 645 funds, respectively. PGIM Jennison International Opportunities Fund’s Class Z 3- and 5-year ratings are 5 stars out of 383 funds and 5 stars out of 320 funds, respectively. Morningstar measures risk-adjusted returns. The overall rating is based on the Fund’s 3- and 5-year star rating for Z Shares. Past performance is no guarantee of future performance.
The Morningstar Rating for funds, or “star rating,” is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
All investments involve risk including the possible loss of capital. Investing in the technology sector and in securities of technology-related companies in other sectors will be more affected by the performance of the technology sector than a more diversified portfolio, thereby increasing vulnerability to economic, political, or regulatory developments impacting technology companies and companies that rely heavily on technology, which will have a greater impact on the investment return. Investment strategies such as diversification and asset allocation do not guarantee a profit or protect against loss in declining markets. Past performance is not a guarantee of future results.
Disclaimer
© 2021 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (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.
Consider a fund's investment objectives, risks, charges, and expenses carefully before investing. The prospectus and the summary prospectus contain this and other information about the fund. Contact your financial professional for a prospectus and the summary prospectus. Read them carefully before investing.
Mutual fund investing involves risk. Some mutual funds have more risk than others. The investment return and principal value will fluctuate and an investor's shares, when sold, may be worth more or less than the original cost. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise. Asset allocation and diversification do not assure a profit or protect against loss in declining markets. There is no guarantee a Fund's objectives will be achieved. The risks associated with each fund are explained more fully in each fund's respective prospectus. Consult with your attorney, accountant, and/or tax professional for advice concerning your particular situation.
Investment products are distributed by Prudential Investment Management Services LLC, a Prudential Financial company, member SIPC. Separately Managed Accounts are offered through our affiliates. Jennison Associates and PGIM, Inc. (PGIM) are registered investment advisors and Prudential Financial companies. QMA is the primary business name of QMA LLC, a wholly owned subsidiary of PGIM. PGIM Fixed Income and PGIM Real Estate are units of PGIM. © 2021 Prudential Financial, Inc. and its related entities. Jennison Associates, Jennison, PGIM Real Estate, PGIM, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
Investment Products: Are not insured by the FDIC or any other federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate.
1038986-00004-00. Ed. 02/2021