JENNISON OPPORTUNISTIC
EQUITY

JENNISON OPPORTUNISTIC
EQUITY

Objectives

Seeks to consistently outperform the broad equity market, as measured by the S&P 500 Index, over rolling three-year periods through investments in attractively valued companies with current or emerging earnings growth the team believes is not fully recognized or appreciated by the market.

Portfolio Details

Taking a Multi-Cap Approach

The Jennison Opportunistic Equity strategy looks for companies of any size that contain the following investment characteristics:

  • They are out-of-favor with investors, but Jennison expects them to experience a dynamic earnings cycle over the next 12 to 18 months, or
  • They are showing strong growth characteristics but are underpriced by the market.

This approach distinguishes the Opportunistic Equity strategy from deep value portfolios, which buy stocks solely on low valuations. The portfolio, which holds 45 to 55 stocks, uses a bottom-up stock selection process based on original fundamental research. Jennison also offers its Opportunistic Equity strategy with a fixed income component in a balanced style.

 

Porftolio Managers

Mark G. DeFranco

Mark G. DeFranco is managing director and Opportunistic Equity portfolio manager.

As part of his portfolio management responsibilities, he researches many areas, including financial services, specialty chemicals, natural resources, and generalist opportunities. Mark joined Jennison Associates in December 1998. Before joining Jennison, he was a precious metals equity analyst and portfolio manager at Pomboy Capital. Mark also spent six years as a research analyst at Comstock Partners, responsible for following value equity securities as well as fixed income investments. Mark was also a member of the equity research sales division of Salomon Brothers.

Mark graduated with an M.B.A. in finance from Columbia University Graduate School of Business and received a B.A. in economics from Bates College. Barron's magazine named Mark as one of the top 100 mutual fund managers in 2005, 2006, 2007, and 2008.

Brian M. Gillott

Brian M. Gillott is managing director and Opportunistic Equity portfolio manager.

Brian joined Jennison Associates in 1998. As part of his portfolio management responsibilities, Brian researches many areas, including industrials, media, aerospace, basic materials, and various generalist opportunities. He joined Jennison Associates in September 1998 from Soros Fund Management where he was an equity analyst following a variety of industries for the company's global hedge fund, seeking both long and short ideas. Prior to Soros Fund, Brian was an analyst at Goldman Sachs & Co. in the Private Client Asset Management Group.

He received a B.S. with honors from Penn State University, during which time he worked at Trinity Investment Management as a financial analyst. Barron's magazine named Brian as one of the top 100 mutual fund managers in 2005, 2006, 2007, and 2008.

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 1013532-00001-00 Ed. 12/2018