Jennison Large Cap Value Equity SMA
Seeks long-term growth of capital by investing in a diversified portfolio of equity securities that Jennison believes are being valued at a discount.
Overview
Research-driven Traditional Value Approach
The Jennison Large Cap Value Equity SMA strategy uses a bottom-up stock selection approach in seeking to outperform its large-cap value benchmarks at a comparable risk level. The investment team's in-depth fundamental research is critical to successful stock selection.
Looking for Troubled Stocks, Not Troubled Companies
The investment team believes that most large companies inherently produce normalized levels of returns and growth rates. Although those rates may deviate over the short term, the team believes they usually revert to normal levels over time. The managers assess companies with underperforming stocks to identify instances where the market is incorrectly interpreting subnormal returns and growth rates. They then try to identify changes in fundamentals (catalysts) that will lead to upward price movements. The resulting portfolio generally holds 50 to 60 stocks diversified across industries and sectors.
Portfolio Managers
Joseph Esposito
Large Cap Value Portfolio Manager
Joseph Esposito
Warren Koontz, Jr., CFA
Managing Director & Portfolio Manager,
and Head of Large Cap Value Equity
Warren Koontz, Jr., CFA
1036688-00001-00
SMAs differ from pooled vehicles like mutual funds in that each portfolio is unique to a single account therefore the investment decisions may vary from those made for other accounts. SMAs do not issue registered prospectuses, the fees structures differ from those normally seen in mutual funds and generally carry higher account investment minimums. Please remember that there are inherent risks involved with investing in the markets, and investments may be worth more or less than initial investment upon redemption. There is no guarantee that the investment managers' objectives will be achieved. Professional money management is not suitable for all investors. Investment objectives, risk tolerance, and liquidity needs must be reviewed before suitable programs can be recommended. Asset allocation and diversification strategies do not assure a profit or protect against loss in declining markets. Investors should consult with their attorney, accountant, and/or tax professional for advice concerning their particular situation.
Separately Managed Accounts are offered through our affiliates. Jennison Associates is a registered investment advisor. Both are Prudential Financial companies. © 2021 Prudential Financial, Inc. and its related entities. Jennison Associates, Jennison, 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.