Blend of Growth and Value
The portfolio contains both growth and value stocks and is diversified across industries and sectors. The investment team focuses on reasonably valued companies that it believes are most likely to generate attractive absolute and relative revenue and earnings growth. The team focuses on companies with market caps between $500 million and $5 billion.
Original, company-by-company fundamental research is the basis of the investment process. The team relies mainly on its own analyses of companies and industry dynamics when making decisions. The strategy seeks companies with a strong competitive position, quality management team, demonstrated growth in sales and earnings, balance sheet flexibility and strength, and strong current or potential earnings growth prospects. The team shares an investment philosophy focused on buying businesses rather than just stocks.
How Investment Decisions Are Made
The team consists of the portfolio manager and five research professionals, which translates to over 60+ years of combined research experience. They maintain a dynamic focus list database of approximately 500 companies, which are selected from several sources including on-site visits, sell-side research, existing investments, and meetings with competitors, suppliers, and customers. The team believes these companies should be able to generate attractive absolute and relative revenue and earnings growth while remaining reasonably valued relative to expectations. If their initial criteria are met and company meetings satisfy their requirements, they then perform detailed financial analyses before making final buy decisions.
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.