3 Paradigm Shifts Creating the NEXT Economy
Understand the seismic developments that are changing the way we live, work, and operate as a society.
Online shopping, streamed entertainment, and other ‘megatrends’ are driving a new global economic order. Jennison Associates, our fundamental equity manager, has a 50-year track record of identifying game-changing trends and investing early to capitalise on the growth potential of future market leaders. Their aim is to build portfolios of innovative companies with sustainable competitive advantages by relying on a flexible, opportunistic approach that takes a long-term view and looks past short-term market noise.
*Source: Jennison Associates as of 30 June 2020.
Past performance, including simulated performance, is not a reliable indicator of future performance.
PGIM Jennison Global Equity Opportunities Fund – Morningstar utilises extended performance returns, which links pre-inception returns to a U.S. 40-act mutual fund managed using the same investment approach, with a longer track record, which begins 14 March 2012. The inception date for the PGIM Jennison Global Equity Opportunities Fund, USD I Acc is 20 March 2017. Fees were adjusted in line with the UCITS Fund’s current expenses for the USD I Acc class. The extended performance included in this document is for the purpose of illustrating long-term performance returns. Performance by share class may vary. Ranking represents the fund's standing across all Europe, Asia, and Africa (EAA) funds in the Global Large-Cap Equity category, 1%=highest; 100=lowest. Morningstar rankings measure total return and do not include the effect of sales charges. The overall rating is a weighted average based on the Fund’s 3-, 5-, and 10-year star rating. Ratings 3yr 5/1276, 5yr 5/974, 10yr N/A.
PGIM Jennison Emerging Markets Equity Fund – Morningstar utilises extended performance returns, which links pre-inception returns to a U.S. 40-act mutual fund managed using the same investment approach, with a longer track record, which begins 16 September 2014. The inception date for the PGIM Jennison Emerging Markets Equity Fund, USD I Acc is 30 November 2016. Fees were adjusted in line with the UCITS Fund’s current expenses for the USD I Acc class. The extended performance included in this document is for the purpose of illustrating long-term performance returns. Performance by share class may vary. Ranking represents the fund's standing across all Europe, Asia, and Africa (EAA) funds in the Global Emerging Markets Equity category, 1%=highest; 100=lowest. Morningstar rankings measure total return and do not include the effect of sales charges. The overall rating is a weighted average based on the Fund’s 3-, 5-, and 10-year star rating. Ratings 3yr 5/2256, 5yr 5/1817, 10yr N/A.
For Professional Investors only. All investments involve risk, including the possible loss of capital.
Alpha indicates the performance, positive or negative, of an investment when compared against an appropriate standard, typically a group of investments known as a market index.
In the European Economic Area (“EEA”), this financial promotion is issued by PGIM Limited or PGIM Netherlands B.V. to persons who are professional clients as defined in Directive 2014/65/EU (MiFID II), investing for their own account, for fund of funds, or discretionary clients. PGIM Limited's registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 193418). PGIM Netherlands B.V.'s registered office: Gustav Mahlerlaan 1212, 1081 LA Amsterdam, The Netherlands. PGIM Netherlands B.V. is authorised by the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten - AFM) as an alternative investment fund manager with MiFID top up service capabilities (Registration number 15003620). PGIM Limited and PGIM Netherlands B.V. are authorized to provide financial services and passport those services into various jurisdictions in the EEA. In the EEA, business activities are conducted by PGIM Limited or PGIM Netherlands B.V., which are indirect, wholly-owned subsidiaries of PGIM, Inc. (“PGIM” and the “Investment Manager”), the principal asset management business of Prudential Financial, Inc. ("PFI"), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. PGIM, the PGIM logo and the Rock symbol are service marks of PFI and its related entities, registered in many jurisdictions worldwide. PGIM Fixed Income and PGIM Real Estate are trading names of PGIM an SEC registered investment advisor in the United States. Jennison and QMA are trading names of Jennison Associates LLC, and QMA LLC, respectively, both of which are SEC registered investment advisors and wholly owned subsidiaries of PGIM.
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The Morningstar Rating for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustments for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year(if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
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