Seeks to achieve long-term capital appreciation and to outperform the S&P 500 Index by investing in a portfolio of securities projected to have earnings growth greater than the index at valuations comparable to that of the index. We seek to identify investment candidates from both large cap growth and large cap value securities.

Portfolio Details


Asset Allocation in a Single Managed Account

Jennison's Large Cap Blend Equity invests in growth and value stocks in approximately equal proportions. The growth strategy seeks stocks with the potential for strong capital appreciation, superior absolute and relative earnings growth, and appropriate valuations in relation to expectations. Jennison's value strategy focuses on stocks that the managers believe are undervalued and contain catalysts that may unlock their true worth.


Portfolios Kept in Careful Balance

By including both growth and value stocks, Jennison's Large Cap Blend Equity enables investors to achieve a level of asset allocation critical to long-term investment success. The Jennison Large Cap Blend Equity targets an equal allocation between growth and value holdings, but can go as low as 40% or as high as 60% in each style, depending on market conditions. The portfolio's allocation to growth and value is continually monitored and rebalancing decisions are made by the portfolio management team.

Portfolio Managers

Michael Del Balso

Michael Del Balso is managing director, director of research for Growth Equity, and Large Cap Growth equity portfolio manager.

He joined Jennison Associates in 1972 as a research analyst, and has been director of research for growth equity since 1994. He became a portfolio manager in 1999. Michael joined Jennison after four years at White, Weld & Company where he was a vice president, and followed growth companies with emphasis on the consumer area.

He is a graduate of Yale University and received an M.B.A. from Columbia University. Michael is a member of the New York Society of Security Analysts.

Warren Koontz, Jr., CFA

Warren Koontz, Jr., CFA, is Managing Director & Portfolio Manager, and Head of Large Cap Value Equity.

Warren joined Jennison Associates in September 2014. Prior to joining Jennison, Warren was a portfolio manager at Loomis, Sayles & Company for diversified and concentrated value strategies. Prior to joining Loomis Sayles in 1995, Warren was a senior portfolio manager at Comerica Bank. He also worked for three years as chief investment officer for The Jeffrey Company, a private investment firm. He began his investment career in 1984 at the Public Employees' Retirement System of Ohio as a securities analyst and later became an assistant investment officer.

Warren earned Bachelor of Science in finance and Master of Business Administration degrees from The Ohio State University. He is a Chartered Financial Analyst.

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.

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 about managing or investing your retirement savings. Clients seeking information regarding their particular investment needs should contact a financial professional.

Separately Managed Accounts are offered through our affiliates. Jennison Associates is a registered investment advisor. Both are Prudential Financial companies. © 2019 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.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

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.


For compliance use only 1013529-00001-00 Ed. 12/2018