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.
Past performance, including simulated performance, is not a reliable indicator of future performance. Source: Morningstar as of 31 March 2021. Please see bottom of the page for overall Morningstar disclosure.
*Source: Jennison Associates as of 30 December 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 5/1328, 5yr 5/978, 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 5/2275, 5yr 5/1783, 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 United Kingdom, this financial promotion is issued by PGIM Limited with 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). In the European Economic Area (“EEA”), this financial promotion may be issued by PGIM Netherlands B.V. or PGIM Limited depending on the jurisdiction. PGIM Netherlands B.V., with registered office at Gustav Mahlerlaan 1212, 1081 LA, Amsterdam, The Netherlands, is authorised by the Autoriteit Financiële Markten (“AFM”) in the Netherlands (Registration number 15003620) and operates on the basis of a European passport. In certain EEA countries, this financial promotion is, where permitted, presented by PGIM Limited in reliance of provisions, exemptions or licenses available to PGIM Limited under temporary permission arrangements following the exit of the United Kingdom from the European Union. These materials are issued by PGIM Limited and/or PGIM Netherlands B.V. to persons in the UK who are professional clients as defined under the rules of the FCA and/or to persons in the EEA who are professional clients as defined in the relevant local implementation of Directive 2014/65/EU (MiFID II). PGIM Limited and/or PGIM Netherlands B.V. 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 adviser 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 advisers and wholly owned subsidiaries of PGIM. Registration with the SEC does not imply a certain level or skill or training.
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An investment in the funds involve a high degree of risk, including the risk that the entire amount invested may be lost. The funds are primarily designed to purchase certain investments, which will introduce significant risk to the funds, 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.
The Funds may be deemed to be a speculative investment and is not intended as a complete investment program. Investment in the Funds 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 Shareholders should carefully consider the risks involved in an investment in the Funds, including, but not limited to, those discussed in the Fund Documents. Prospective and existing Shareholders 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 Funds and its Shareholders.
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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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