Overview
The Jennison Focused Large Cap Growth Equity SMA strategy uses a bottom-up, stock-by-stock process to identify high-conviction growth companies that demonstrate attractive earnings growth believed to be sustainable over the next 12 to 36 months.
The key tenet of Jennison's growth philosophy is that internal fundamental research and a highly interactive investment process lead to successful stock selection. Believing that above-average growth in units, revenues, earnings, and cash flows will drive the value of a security over time, Jennison seeks to invest in companies with these attributes. Buy and sell decisions seek to capture inflection points in a company's growth rate, and the duration of that growth rate is key to the value of holdings. The Portfolio generally holds between 25 and 35 stocks.
Portfolio Managers
Kathleen McCarragher has announced her retirement mid-year 2026 and will be removed from the Fund on or about December 31, 2025.
Kathleen A. McCarragher
Managing Director, Head of Growth Equity, and Large Cap Growth Equity Portfolio Manager
Natasha Kuhlkin
Managing Director
Blair A. Boyer
Managing Director, Co-Head of Large Cap Growth Equity Team and a Large Cap Growth Equity Portfolio Manager
Owuraka Koney, CFA
Managing Director
Characteristics are intended to provide a general illustration of the investment strategy and considerations used by Jennison in managing that strategy during normal market conditions and may change over time.
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.
All investments contain risk, including possible loss of principal. Invests in large-capitalization companies that may underperform small- and medium-capitalization companies when stocks of large-capitalization companies are out of favor. Concentration in a relatively small number of investments increases the loss resulting from a particular security. There is no guarantee the objective will be achieved.
Separately Managed Accounts are offered through our affiliates. Jennison Associates is a registered investment advisor under the U.S. Investment Advisers Act of 1940, as amended and a Prudential Financial company. Registration as a registered investment advisor does not imply a certain level of skill or training.
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.
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