JENNISON LARGE CAP BLEND
EQUITY

JENNISON LARGE CAP BLEND
EQUITY

Objectives

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

Blair A. Boyer

Blair Boyer is a managing director and large cap growth equity portfolio manager. He co-manages the PGIM Jennison Blend Fund and the PGIM Jennison Diversified Growth Fund.

Blair joined Jennison Associates in March 1993. Prior to joining the Growth Equity team in 2003, he co-managed international equity portfolios for 10 years. During his tenure as an international equity portfolio manager, he managed the Jennison International Growth Fund from its inception in March 2000. Blair managed international equity portfolios at Arnhold & S. Bleichroeder from 1989 to 1993. Prior to that, he was a research analyst and then a senior portfolio manager in the Verus Capital division at Bleichroeder beginning in 1983.

Blair received a BA in economics from Bucknell University and an MBA in finance from New York University.

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.

Joseph Esposito

Joe is a large cap value portfolio manager.

He came to Jennison in 2014, following seven years with Loomis Sayles as a senior equity analyst. Prior to his tenure with Loomis, Joe served as a business systems analyst at AXA Financial.

He holds a BA in philosophy from the College of New Jersey and an MBA from Columbia University.

Rebecca Irwin

Rebecca is a large cap growth equity portfolio manager and research analyst.

She joined Jennison in 2006. Previously, she worked as a health care analyst at Viking Global Investors. In the decade before Viking, she was with UBS and Salomon Smith Barney. Before that, she was a corporate associate at Fried, Frank, Harris, Shriver & Jacobson.

Rebecca received a BA in economics from Queen’s University at Kingston, an LLB from the University of Toronto, and an LLM from Harvard Law School.

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.

Natasha Kuhlkin

Natasha is a large cap growth equity portfolio manager and research analyst.

She joined Jennison in 2004. Prior to Jennison, she was an equity research analyst for five years, first at Evergreen Investment Management then at Palisade Capital Management.

Natasha received a BS, magna cum laude, in accounting from Binghamton University.

Kathleen A. McCarragher

Kathleen A. McCarragher is a managing director, head of growth equity, and Large Cap Growth Equity portfolio manager.

She joined Jennison Associates as an executive vice president and portfolio manager in May 1998, and was appointed head of growth equity in 2003. Prior to Jennison, Kathleen spent six years with Weiss, Peck & Greer where she was a managing director and the director of large cap growth equities. In addition, she spent 10 years with State Street Research and Management Company, initially as a research analyst responsible for healthcare, transports, and financials, and then as a portfolio manager and member of the Investment Committee.

Kathleen graduated summa cum laude from the University of Wisconsin with a B.B.A. and received an M.B.A. from Harvard Business School. She is a member of the Board of Advisors for the Appalachian Mountain Club and the Board of Trustees for The Gateway School.

Disclaimer

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