PGIM Jennison Better Future Fund
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The investment objective of the PGIM Jennison Better Future Fund (the "Fund") is to seek long-term growth of capital with a focus on investing sustainably. The Fund invests in equity and equity-related securities of companies that, as determined at the time of investment, help advance (or are anticipated to help advance) one or more of the United Nations Sustainable Development Goals. Jennison Associates has determined that the Fund qualifies as a Light Green Fund, which seeks to comply with the principles of Article 8 of the SFDR.
Fund features
FUND CHARACTERISTICS
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Fund
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Benchmark
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Due to the characteristics of the fund, the NAV may be highly volatile.
fees
Swing pricing, as defined in the prospectus, may be applied on a subscription or redemption of shares to reflect the costs of dealing in the Fund's assets.
Symbols
share class features
Where an investor's own currency is different to the currency of the fund, the return on investment may be affected by fluctuations in the currency exchange rate. Also, the use of financial derivative instruments may result in increased gains or losses within the Fund.
Source: PGIM, Inc. Past performance is no guarantee of future results.
This is a marketing communication. Further information about the Fund (including the current Prospectus and Fund Supplement, net asset value per share of the Fund, and most recent financial statements) is available from the applicable distributor.
This Summary Fund Profile is a financial promotion and qualified in its entirety by reference to the more complete information contained in the Company’s Prospectus (the “Prospectus”), Supplement (the “Supplement”) and Key Investor Information Document (the “KIID”) or Key Information Document (the "KID"), depending on the jurisdition (collectively the “Fund Documents”). Capitalised terms used herein without definition have the respective meanings provided in the Prospectus, Supplement and KIID/KID, as applicable. Investors should review the Fund Documents and seek advice prior to making an investment.
RISKS
An investment in the Fund involves a high degree of risk, including the risk that the entire amount invested may be lost. The Fund is primarily designed to purchase certain investments, which will introduce significant risk to the Fund, including asset performance, price volatility, administrative risk and counterparty risk. No guarantee or representation is made that any Fund’s investment program will be successful, or that such Fund’s returns will exhibit low correlation with an investor’s traditional securities portfolio.
Any investment in the Fund will be deemed to be a speculative investment and is not intended as a complete investment program. Investment in the Fund is suitable only for persons who can bear the economic risk of the loss of their investment and who meet the conditions set forth in the Fund Documents. There can be no assurances that the Fund will achieve its investment objective. Prospective and existing Investors should carefully consider the risks involved in an investment in the Fund, including, but not limited to, those discussed in the Fund Documents. Prospective and existing Investors should consult their own legal, tax and financial advisors about the risks of an investment in the Fund. Any such risk could have a material adverse effect on the Fund and its Shareholders.
fund administration
| Investment Manager | PGIM, Inc. |
| Listing | Global Exchange Market of the Irish Stock Exchange plc |
| Depositary | State Street Custodial Services (Ireland) Limited |
| Administrator | State Street Fund Services (Ireland) Limited |
| Auditor | PwC |
| Reporting | Monthly statements |
| Annual audited financial statements |
fund structure
- Ireland based UCITS fund
- The Fund is a sub-fund of PGIM Funds plc (the “Company”)
- The Company is an investment company with variable capital incorporated in Ireland with registered number 530399
- The Company is established as an umbrella fund with segregated liability between sub-funds
- The Company is managed by PGIM Investments (Ireland) Limited (the “Manager”). The Company and the Manager are each authorised in Ireland and regulated by the Central Bank of Ireland.
standard (%)
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ANNUALISED
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Net Returns
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YTD
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Since Inception (30 January 2025)
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rolling 12 month (%)
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2016
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2017
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2018
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2019
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2020
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2021
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2022
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2023
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2024
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2025
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| Fund | - | - | - | - | - | - | - | - | - | - |
| Benchmark | - | - | - | - | - | - | - | - | - | - |
| Difference | - | - | - | - | - | - | - | - | - | - |
CALENDAR YEAR (%)
Year Ended 31 December
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2015
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2016
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2017
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2018
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2019
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2020
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2021
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2022
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2023
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2024
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| Fund | - | - | - | - | - | - | - | - | - | - |
| Benchmark | - | - | - | - | - | - | - | - | - | - |
| Difference | - | - | - | - | - | - | - | - | - | - |
The monthly calculated performance scenarios are available upon request.
Source: PGIM, Inc. Past performance is no guarantee of future results. Net returns are calculated on a Net Asset Value (NAV) to NAV basis and reflect the deduction of ongoing fees, which include the management fee. Difference represents the difference between net returns and the benchmark and may reflect rounding differences. Benchmark is MSCI All Country World Index (NET) (USD) (the "Benchmark").
This is a marketing communication. Further information about the Fund (including the current Prospectus and Fund Supplement, net asset value per share of the Fund, and most recent financial statements) is available from the applicable distributor.
Net returns are calculated on a Net Asset Value (NAV) to NAV basis and reflect the deduction of ongoing fees, which include the management fee. Difference represents the difference between net returns and the benchmark and may reflect rounding differences. Benchmark is MSCI All Country World Index (NET) (USD) (the "Benchmark").
The MSCI All Country World Index (NET) (USD) is a market capitalization weighted index designed to provide a broad measure of equity-market performance throughout the world. It is comprised of stocks from both developed and emerging markets and comprises approximately 23 developed and 23 emerging market country indexes. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com)
The Investment Manager may change the benchmark of the Fund from time to time to any other benchmark which the Investment Manager determines, in its sole discretion, is generally representative of the Fund’s appropriate market. Shareholders will be notified in advance of any change in the benchmark of the Fund.
The financial index referenced herein as the benchmark is provided for informational purposes only. The use of benchmarks has limitations because portfolio holdings and characteristics of the Fund will differ from those of the benchmark, and such differences may be material. All indices and averages are unmanaged. You cannot make an investment directly in an index or average.
Fund performance is as of the last business day of the month as defined in the Fund Supplement, which may differ from the month end. If any current shareholders would like to receive intra-month summaries please request this through your registered financial intermediary.
- TABLE
- CHARTS
Sector Allocation (%)
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Sector
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Fund
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Benchmark
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| Information Technology | 44.2 | 25.9 |
| Consumer Discretionary | 25.9 | 10.4 |
| Healthcare | 14.6 | 8.9 |
| Financials | 7.2 | 17.8 |
| Communication Services | 2.6 | 8.6 |
| Consumer Staples | 2.3 | 5.8 |
| Cash/Equiv | 3.1 | — |
REGIONAL ALLOCATION (%)
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Region
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%
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| United States | 54.8 |
| Switzerland | 7.8 |
| China | 7.7 |
| Italy | 6.1 |
| France | 5.7 |
| Canada | 3.3 |
| Taiwan | 3.1 |
| Singapore | 2.6 |
| Brazil | 2.3 |
| Spain | 2.3 |
| Other | 1.1 |
| Cash/Equiv | 3.1 |
TOP 10 HOLDINGS (%)
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Fund
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| NVIDIA | 7.6 |
| Microsoft | 6.5 |
| Galderma Group AG | 5.7 |
| MercadoLibre | 5.3 |
| Xiaomi - Class B | 4.9 |
| Crowdstrike - Class A | 4.1 |
| Ferrari | 3.5 |
| Hermes International | 3.4 |
| Shopify | 3.3 |
| Taiwan Semiconductor Manufacturing | 3.1 |
MSCI ESG RISK RATINGS
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Fund
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Benchmark
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| AAA | 9.3 | 11.9 |
| AA | 38.9 | 31.5 |
| A | 13.9 | 24.8 |
| BBB | 26.1 | 21.3 |
| BB | 9.1 | 7.2 |
| B | 2.7 | 2.8 |
| CCC | — | 0.4 |
| Not Rated | — | 0.1 |
SDG ALIGNMENTS 2
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Holdings
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% Fund
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| SDG 7 - Affordable and Clean Energy | 3 | 8.8 |
| SDG 1 - No Poverty | 3 | 10.5 |
| SDG 12 - Responsible Consumption and Production | 5 | 14.6 |
| SDG 3 - Good Health and Well-Being | 6 | 15.0 |
| SDG 8 - Decent Work and Economic Growth | 6 | 17.7 |
| SDG 9 - Industry, Innovation and Infrastructure | 20 | 64.7 |
CARBON METRICS
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Fund
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Benchmark
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| Weighted Average Carbon Intensity (USD)^ | 27.2 | 112.6 |
| Financed Carbon Emissions (USD)* | 4.1 | 39.7 |
| Finance Carbon Intensity (USD)** | 27.5 | 128.5 |
| Weighted Average Carbon Intensity (EUR)^ | 32.0 | 132.7 |
| Financed Carbon Emissions (EUR)* | 4.9 | 46.7 |
| Finance Carbon Intensity (EUR)** | 32.5 | 151.4 |
| Weighted Average Carbon Intensity (AUD)^ | 17.9 | 74.1 |
| Financed Carbon Emissions (AUD)* | 2.7 | 26.1 |
| Finance Carbon Intensity (AUD)** | 18.1 | 84.6 |
Source: PGIM, Inc. Totals may not equal 100% due to rounding. Portfolio holdings may not represent current, future investments or all of the portfolio’s holdings. Future portfolio holdings may not be profitable.
This is a marketing communication. Further information about the Fund (including the current Prospectus and Fund Supplement, net asset value per share of the Fund, and most recent financial statements) is available from the applicable distributor.
This Summary Fund Profile is a financial promotion and qualified in its entirety by reference to the more complete information contained in the Fund Documents. Capitalised terms used herein without definition have the respective meanings provided in the Fund Documents as applicable. Investors should review the Fund Documents and seek advice prior to making an investment.
1Dollar Bloc represents allocation to U.S., Australia, Canada, Bermuda, and Cayman Islands. Europe represents all European countries plus Russia, Kazakhstan, and Turkey.
^Measures a portfolio's exposure to carbon-intensive companies, defined as the portfolio weighted average of companies' Carbon Intensity (emissions/sales).
*Allocated emissions to all financiers (EVIC) normalized by $m invested. Measures the carbon emissions, for which an investor is responsible, per million invested, by their equity ownership. Emissions are proportioned based on equity ownership (% market capitalization).
**Allocated emissions per allocated sales. Measures the carbon efficiency of a portfolio, defined as the ratio of carbon emissions for which an investor is responsible to the sales for which an investor has a claim by their equity ownership. Emissions and sales are apportioned based on equity ownership (% market capitalization).
2Excludes cash and derivatives. SDG alignment is based on the sub-advisors' analytics and may differ from other benchmark vendor statistics. To align with a UN SDG under Jennison's proprietary framework, a company must either: (i) derive or commit at least 20% of its (1) total revenue, (2) EBITDA, (3) capital expenditure (capex, such as funds used to purchase, maintain, or expand fixed assets), or (4) operational metrics to products or services anticipated to address social and environmental challenges identified by a UN SDG; or (ii) have publicly stated targets or goals indicating plans to meet or exceed the 20% threshold in (i), supported by disclosures demonstrating ongoing progress toward these targets or goals. Total percentage of Fund's alignment to SDGs may exceed 100% as some companies may align to multiple SDGs. Does not constitute a recommendation regarding the merits of any investments or investment advice and should not be used as the basis for any investment decision. SDG alignments are subject to change without notice.
©2025 MSCI ESG Research LLC. Reproduced by permission; no further redistribution permitted. Although PGIM's information providers, including without limitation MSCI ESG Research LLC and its affiliates (the “ESG Parties”) obtain information from sources they consider reliable, none of the ESG Parties warrants or guarantees the originality, accuracy and/or completeness, of any data herein and expressly disclaim all express or implied warranties, including those of merchantability and fitness for a particular purpose, with respect to any data herein. None of the ESG Parties shall have any liability for any errors or omissions in connection with any data herein, or any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
ABOUT
Jennison Associates, founded in 1969, is a leading active equity manager with $208 billion in assets under management (as of 31 Mar 2024) and employs an investment process rooted in fundamental, bottom-up research. The firm has expertise in managing growth, global, value, and specialty equity strategies, with a mission to generate superior long-term performance for investors.
Mark Baribeau, CFA
Managing Director, Head of Global Equity, and Global Equity Portfolio Manager
|Jennison Associates
Mark Baribeau, CFA, is a managing director, Head of Global Equity, and Global Equity portfolio manager.
Rebecca Irwin
Managing Director, Large Cap Growth Portfolio Manager, and Research Analyst
|Jennison Associates
Rebecca Irwin is a Managing Director, large cap growth portfolio manager, and research analyst.
Source: PGIM, Inc. Past performance is no guarantee of future results.
This is a marketing communication. Further information about the Fund (including the current Prospectus and Fund Supplement, net asset value per share of the Fund, and most recent financial statements) is available from the applicable distributor.
This Summary Fund Profile is a financial promotion and qualified in its entirety by reference to the more complete information contained in the Fund Documents. Capitalised terms used herein without definition have the respective meanings provided in the Fund Documents as applicable. Investors should review the Fund Documents and seek advice prior to making an investment.
4189906 Ed. 01/2025
PGIM literature
Fund literature
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