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 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.
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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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