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Overall Morningstar Rating TM
Barron’s Best Fund Families 2024

Barron’s Best Fund Families: Ranked #4 for best fund family over the 1-year period ended 12/31/2024, among 48 qualifying fund families based on asset- weighted returns.

Objective

Seeks to provide long-term growth of capital with a focused portfolio investing in large capitalization companies that are undervalued compared to their perceived worth. 

Growth of $10,000

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. This chart represents historical performance and does not assume the effects of sales charges or varying fees and expenses of other share classes. If shown with sales charges or these other fees and expenses, performance could have been lower. It is not possible to invest directly in an index. Click here to view benchmark index definitions.

FUND INFORMATION
Style: Multi-Cap
Total Net Assets: $278 Million
Dividends (Paid): Annually
Dividends (Accrued):
Capital Gains: Annually
Fund Statistics
AS OF 07/31/2025
Name
Weight
Avg Weighted Market Cap ($mil) 202,267.79
Beta (3 year) 0.90
P/E (Price/Earnings) Ratio 19.50
Standard Deviation (3 year) 14.68
Turnover Ratio (12-month %) 42.00

Morningstar Rating

AS OF 07/31/2025
Class A Shares
Overall (Out of 1074 Funds)
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3-Year (Out of 1074 Funds)
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5-Year (Out of 1013 Funds)
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10-Year (Out of 824 Funds)
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Class C Shares
Overall (Out of 1074 Funds)
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3-Year (Out of 1074 Funds)
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5-Year (Out of 1013 Funds)
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10-Year (Out of 824 Funds)
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Class R Shares
Overall (Out of 1074 Funds)
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3-Year (Out of 1074 Funds)
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5-Year (Out of 1013 Funds)
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10-Year (Out of 824 Funds)
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Class R6 Shares
Overall (Out of 1074 Funds)
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3-Year (Out of 1074 Funds)
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5-Year (Out of 1013 Funds)
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10-Year (Out of 824 Funds)
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Class Z Shares
Overall (Out of 1074 Funds)
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3-Year (Out of 1074 Funds)
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5-Year (Out of 1013 Funds)
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10-Year (Out of 824 Funds)
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Source: Morningstar. Morningstar Ratings may be calculated based on share class adjusted historical returns. If so, the fund’s independent Morningstar Rating metric uses the fund’s oldest class to determine its hypothetical rating for certain periods. Morningstar Ratings are calculated for managed products with a 3-year minimum history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. Rating is calculated based on a Morningstar Risk-Adjusted Return measure accounting for variation in a managed product's monthly excess performance that emphasizes downward variations more and rewards consistent performance, with no sales load adjustment. In each category, the top 10% receive 5 stars, with 4 stars for the next 22.5%, 3 stars for the next 35%, 2 stars for the next 22.5%, and 1 star for the bottom 10%. Overall Morningstar Rating is derived from a weighted average of the performance associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics: for 36-59 months of total returns, 100% 3-year rating, for 60-119 months of total returns, 60% 5-year rating/40% 3-year rating, and for 120 or more months of total returns, 50% 10-year rating/30% 5-year rating/20% 3-year rating.

Barron's Information: PGIM Investments ranked 4 out of 48, 8 out of 47, 12 out of 46 firms for the 1-, 5-, and 10-year periods ended 12/31/2024, respectively.

PGIM Jennison Focused Value Fund (Class Z) Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 12/31/2024 for the Large-Cap Value Funds category were: 18/307, 37/291, 71/276, and 141/239, respectively. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund’s respective Lipper category. 

Class Z Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 6/30/2025: 105/266, 35/258, 57/249, and 150/216, respectively. Past Performance is no guarantee of future results.

*Used with permission. © 2025 Dow Jones & Company, Inc. Source: Barron’s, Feb. 27, 2025. Barron’s rankings are based on asset-weighted returns in funds in five categories: U.S. Equity; World Equity; Mixed Asset; Taxable Bond; and Tax-Exempt (each a “Barron’s ranking category”). Rankings also take into account an individual fund’s performance within its Lipper peer universe. Lipper calculated each fund’s net total return for the year ended Dec. 31, 2024, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking, with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer “universe,” as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2024 weighting of their Barron’s ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron’s ranking category. To qualify for the ranking, firms must offer at least three active mutual funds or actively run ETFs in Lipper’s general U.S. Stock category; one in World Equity; and one Mixed Asset. They also need to offer at least two taxable bond funds and one national tax-exempt bond fund. All funds must have a track record of at least one year.

Risks of investing in the fund include but are not limited to the following: Foreign securities are subject to currency fluctuations and political uncertainty. Emerging market investments are subject to greater volatility and price declines. Equity and equity-related securities may be subject to changes in value, and their values may be more volatile than those of other asset classes. Value style investing may be out of favor for long periods of time, and the market may not recognize a security's intrinsic value for a long time or at all. Geographic concentration may cause the Fund’s performance to be closely tied to the market, economic, political, regulatory or other conditions in the countries or regions in which the fund invests. Investments in currency may result in a decline in the fund’s net asset value due to changes in exchange rates. Real estate companies and Real estate investment trusts (REITS) may be leveraged, which increases risk. REIT performance depends on the strength of the real estate markets, REIT management and property management which can be affected by many factors, including national and regional economic conditions. The Fund may buy initial public offerings which are often subject to greater and more unpredictable price changes than more established stocks. There is no guarantee the Fund's objective will be achieved. Risks are more fully explained in the fund's prospectus.

Total Returns (%)

as of
RETURNS:
SALES CHARGE:
TOTAL RETURNS (%) WITH SALES CHARGE WITHOUT SALES CHARGE
Cumulative Average Annual
Class Ticker YTD 1-Yr 3-Yr 5-Yr 10-Yr Since Inception

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. On 12/18/2019 the Fund’s investment strategies, and name changed. Performance prior to 12/18/2019 is not attributable to the Fund’s current investment strategy.

See Daily Returns for the PGIM Jennison Focused Value Fund.
See Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Jennison Focused Value Fund.

See Daily Returns for the PGIM Jennison Focused Value Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Jennison Focused Value Fund.

Fund Expenses
Maximum Sales Charge (%)
Class
Gross (%)
Net (%)
Date*
A 1.12 1.12 5.50
C 2.37 2.37 1.00
R 4.11 1.53 01/31/2026
R6 1.04 0.75 01/31/2026
Z 0.87 0.75 01/31/2026

*This date represents the contractual reduction date through which the net expense ratio is in effect.

Total return describes the return to the investor after net operating expenses but before any sales charges are imposed. Morningstar Category Average is unmanaged, is based on the average return of all funds in this category, and does not take into consideration applicable sales charges. Unless noted otherwise, Morningstar Category Average and index returns reflect performance beginning the closest month-end date to the Fund's inception. Benchmark since inception average is based on Class Z inception date. SEC standardized return describes the return to the investor after net operating expense and maximum sales charges are imposed. All returns assume share price changes as well as the compounding effect of reinvested dividends and capital gains. Returns may reflect fee waivers and/or expense reimbursements. Without such, returns would be lower. All returns 1-year or less are cumulative.

Morningstar Large Value Category Average: Large-value portfolios invest primarily in big U.S. companies that are less expensive or growing more slowly than other large-cap stocks. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. Value is defined based on low valuations (low price ratios and high dividend yields) and slow growth (low growth rates for earnings, sales, book value, and cash flow).

Russell 1000® Value Index measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values.

The index and Russell are trademarks of the Frank Russell Company. Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2025. FTSE Russell is a trading name of certain of the LSE Group companies. Russell® is a trade mark of the relevant LSE Group companies and is/are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

An investment cannot be made directly in an index or average. All indexes and averages are unmanaged.

Prices

AS OF 08/22/2025
Class
NAV ($)
NAV Change ($)
NAV Change (%)
POP ($)
Total Net Assets ($)
A 21.75 Gain 0.35 1.64 23.02 190,197,469.30
C 14.54 Gain 0.24 1.68 2,952,493.94
R 17.01 Gain 0.27 1.61 252,830.51
R6 23.35 Gain 0.38 1.65 8,481,603.09
Z 23.44 Gain 0.38 1.65 79,752,428.43

NAV (Net Asset Value) is the $U.S. value of a single share of a fund, excluding any sales charges. Change shows the change in $U.S. value over the previous day:Gain= Gain, Loss= Loss,  No Change = No Change.

See Prices of other PGIM Investments Mutual Funds.

52 Week High/Low

AS OF 08/22/2025
Class
52 Week High ($)
52 Week High Date
52 Week Low ($)
52 Week Low Date
A 22.86 11/29/2024 17.26 04/08/2025
C 15.90 11/26/2024 11.60 04/08/2025
R 18.30 11/26/2024 13.53 04/08/2025
R6 24.42 11/26/2024 18.51 04/08/2025
Z 24.50 11/29/2024 18.58 04/08/2025

For share classes less than one year old, the 52-week high and 52-week low NAVs are calculated from inception to the current date.

On 12/18/2019 the Fund’s investment strategies, and name changed. Performance prior to 12/18/2019 is not attributable to the Fund’s current investment strategy.

See Yields of other PGIM Investments Mutual Funds.

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.

This material must be preceded or accompanied by a current prospectus or summary prospectus. Consider a fund's investment objectives, risks, charges, and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.

Portfolio Attributes

AS OF 07/31/2025
Largest Holdings (% of Assets)
JPMorgan Chase 5.0%
NiSource 4.7%
Walmart Stores 4.7%
Meta Platforms - Class A 4.2%
Exxon Mobil 3.9%
Toll Brothers, Inc. 3.6%
Airbus SE 3.4%
Microsoft 3.4%
3M Co. 3.2%
MetLife 3.2%
Sector Breakdown (% of Assets)
Industry
Fund (% of Assets)
Financials 21.7%
Industrials 14.0%
Information Technology 13.8%
Energy 9.5%
Consumer Discretionary 9.1%
Healthcare 8.4%
Utilities 7.2%
Consumer Staples 4.7%
Communication Services 4.2%
Materials 2.8%
Cash/Equiv 4.6%
Largest Industries (% of Assets)
Banks 12.7%
Oil, Gas & Consumable Fuels 9.5%
Aerospace/Defense 7.6%
Multi-Utilities 7.2%
Semiconductors & Equipment 6.4%
Fund Statistics
AS OF 07/31/2025
Fund Statistics
Years
Avg Weighted Market Cap ($mil) 202,267.79
Beta (3 year) 0.90
P/E (Price/Earnings) Ratio 19.5
Standard Deviation (3 year) 14.68
Turnover Ratio (12-month %) 42

All data is unaudited and subject to change. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Largest holdings excludes cash, cash equivalents, money market funds and enhanced cash strategies. Totals may not sum due to rounding.

Fund Holdings

AS OF 07/31/2025

Holdings are unaudited, may vary and are subject to change. Please refer to the Fund's annual report for audited holdings information. This is not a recommendation to buy or sell any security listed.

Value ($): Cash securities are calculated using market value and derivative securities are calculated using notional value.

Source: Bank of New York Mellon. Holdings are provided to Prudential Financial by the custodian bank and Prudential Financial is not responsible for any errors or omissions related to the holdings data.

© 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved.

Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.

Investment products are distributed by Prudential Investment Management Services LLC, member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. Jennison Associates is a registered investment advisor. All are Prudential Financial affiliates. © 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, Jennison Associates, Jennison, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

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. Clients seeking information regarding their particular investment needs should contact their financial professional.

INVESTMENT PRODUCTS | Are not insured by the FDIC or any federal government agency | May lose value | Are not a deposit of or guaranteed by any bank or any bank affiliate. 

Prudential Financial, Inc. 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.

4072323 Ed. 12/2024

Security ID# (CUSIP/SEDOL)
Security Description
Ticker Symbol
Coupon Rate
Maturity Date
Shares/Notional
Value ($)
% of Portfolio
46625H100 Jpmorgan Chase & Co JPM 47,229.00 13,991,118.00 5.04
65473P105 Nisource Inc NI 307,318.00 13,045,649.00 4.70
931142103 Walmart Inc WMT 132,091.00 12,942,276.00 4.66
74440W862 (pipa070) Pgim Core Government Money Mar 4.41 12/01/2099 12,527,071.00 12,527,071.00 4.51
30303M102 META Platforms Inc META 15,026.00 11,621,709.00 4.19
30231G102 Exxon Mobil Corp XOM 98,100.00 10,951,884.00 3.94
889478103 TOLL Brothers Inc TOL 84,034.00 9,946,264.00 3.58
4012250 Airbus Se AIR 46,638.00 9,376,810.00 3.38
594918104 Microsoft Corp MSFT 17,442.00 9,305,307.00 3.35
88579Y101 3M CO MMM 59,890.00 8,936,785.00 3.22
59156R108 Metlife Inc MET 116,375.00 8,838,681.00 3.18
780259305 Shell Plc SHEL 121,898.00 8,802,254.00 3.17
907818108 Union Pacific Corp UNP 39,588.00 8,787,348.00 3.16
693475105 PNC Financial Services Group Inc/the PNC 42,637.00 8,112,541.00 2.92
BNZHB81 Linde Plc LIN 17,197.00 7,915,091.00 2.85
37045V100 General Motors Co GM 148,041.00 7,896,506.00 2.84
023135106 Amazon.com Inc AMZN 31,478.00 7,369,314.00 2.65
874039100 Taiwan Semiconductor Manufacturing Co Lt TSM 29,708.00 7,178,046.00 2.59
38141G104 Goldman Sachs Group Inc/the GS 9,819.00 7,104,930.00 2.56
007903107 Advanced Micro Devices Inc AMD 38,848.00 6,849,290.00 2.47
15189T107 Centerpoint Energy Inc CNP 176,466.00 6,850,410.00 2.47
55261F104 M&T Bank Corp MTB 35,968.00 6,787,161.00 2.44
16411R208 Cheniere Energy Inc LNG 28,577.00 6,740,742.00 2.43
79466L302 Salesforce Inc CRM 25,504.00 6,588,448.00 2.37
666807102 Northrop Grumman Corp NOC 11,197.00 6,456,302.00 2.33
060505104 BANK Of America Corp BAC 134,874.00 6,375,493.00 2.30
00287Y109 Abbvie Inc ABBV 29,321.00 5,542,255.00 2.00
046353108 Astrazeneca Plc AZN 75,394.00 5,510,547.00 1.98
369604301 General Electric Co GE 19,632.00 5,321,842.00 1.92
532457108 ELI Lilly & Co LLY 6,568.00 4,860,779.00 1.75
24703L202 DELL Technologies Inc DELL 35,233.00 4,675,066.00 1.68
B3BQMF6 Chubb Ltd CB 17,313.00 4,605,950.00 1.66
09260D107 Blackstone Inc BX 25,756.00 4,454,757.00 1.60
11135F101 Broadcom Inc AVGO 13,136.00 3,858,043.00 1.39
36266G107 GE Healthcare Technologies Inc GEHC 54,091.00 3,857,770.00 1.39
771195104 Roche Holding Ag RHHBY 93,330.00 3,631,470.00 1.31
CURRENCY Currency 45,720.00 45,719.00 0.02

The CUSIP information contained in pgimfunds.com and/or prudential.com consists of security identifiers and related descriptive information (“the CUSIP Database”) and is protected under the copyright laws and is licensed with permission from CUSIP Global Services (“CGS”), on behalf of the American Bankers Association (“ABA”).

VISITOR agrees and acknowledges that the CUSIP Database and the information contained therein is and shall remain valuable intellectual property owned by, or licensed to, CGS and ABA, and that no proprietary rights are being transferred to VISITOR in such materials or in any of the information contained therein by virtue of VISITOR’s use of Subscriber’s Web Site. Any use of the CUSIP Database by VISITOR outside of the clearing and settlement of transactions may require a license from CGS, along with an associated fee based on usage.

VISITOR agrees that misappropriation or misuse of such materials will cause serious damage to CGS and ABA, and that in such event, money damages may not constitute sufficient compensation to CGS and ABA; consequently, VISITOR agrees that in the event of any misappropriation or misuse, CGS and ABA shall have the right to obtain injunctive relief in addition to any other legal or financial remedies to which CGS and ABA may be entitled.

VISITOR agrees that VISITOR shall not publish or distribute in any medium the CUSIP Database or any substantial portion of the information contained therein or summaries or subsets thereof to any person or entity unless permitted by a direct agreement with CGS. VISITOR may not create or maintain a master file or database of CUSIP identifiers or descriptions for itself or any third party recipient that is intended to serve as a substitute for any CUSIP service.

VISITOR agrees not to:

(a) Violate the restrictions in any robot inclusion headers on the Subscriber Web Site or in any way bypass or circumvent any other measure employed to limit or prevent access to the CUSIP Database on the Subscriber Web Site;

(b) Violate the security of the Subscriber Web Site or attempt to gain unauthorized access to the Web Site, CUSIP Database, materials, information, computer systems or networks connected to Subscriber server, through hacking, password mining or any other means; or

(c) Interfere or attempt to interfere with the proper working of the Subscriber Web Site or any activities conducted on or through the Subscriber Web Site, including accessing any CUSIP Database, content or other information prior to the time that is intended to be available to the public on the Subscriber Web Site;

NEITHER CGS, ABA NOR ANY OF THEIR AFFILIATES MAKE ANY WARRANTIES, EXPRESS OR IMPLIED, AS TO THE ACCURACY, ADEQUACY OR COMPLETENESS OF ANY OF THE INFORMATION CONTAINED IN THE CUSIP DATABASE. ALL SUCH MATERIALS ARE PROVIDED TO VISITOR ON AN “AS IS” BASIS, WITHOUT ANY WARRANTIES AS TO MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE NOR WITH RESPECT TO THE RESULTS WHICH MAY BE OBTAINED FROM THE USE OF SUCH MATERIALS. NEITHER CGS, ABA NOR THEIR AFFILIATES SHALL HAVE ANY RESPONSIBILITY OR LIABILITY FOR ANY ERRORS OR OMISSIONS NOR SHALL THEY BE LIABLE FOR ANY DAMAGES, WHETHER DIRECT OR INDIRECT, SPECIAL OR CONSEQUENTIAL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT SHALL THE LIABILITY OF CGS, ABA OR ANY OF THEIR AFFILIATES PURSUANT TO ANY CAUSE OF ACTION, WHETHER IN CONTRACT, TORT, OR OTHERWISE, EXCEED THE FEE PAID BY VISITOR FOR ACCESS TO SUCH MATERIALS IN THE MONTH IN WHICH SUCH CAUSE OF ACTION IS ALLEGED TO HAVE ARISEN. FURTHERMORE, CGS AND ABA SHALL HAVE NO RESPONSIBILITY OR LIABILITY FOR DELAYS OR FAILURES DUE TO CIRCUMSTANCES BEYOND THEIR CONTROL.

VISITOR agrees that the foregoing terms and conditions shall survive any termination of its right of access to the materials identified above.

ABOUT

Jennison 50 Year Logo

Jennison Associates is one of the nation's leading managers of growth, value, blend, and specialty equity strategies. It has earned a reputation for excellence by fulfilling the needs of clients for more than 50 years.

Joseph C. Esposito and Warren Koontz, Jr. are the portfolio managers for the PGIM Jennison Focused Value Fund.

Joseph Esposito
Joseph Esposito

Managing Director and Large Cap Value Portfolio Manager

|

Jennison Associates

Joseph C. Esposito, CFA, is a Managing Director and large cap value portfolio manager.

Warren Koontz, Jr., CFA
Warren Koontz, Jr., CFA

Managing Director, Head of Value Equity, and Large Cap Value Portfolio Manager

|

Jennison Associates

Warren Koontz, Jr., CFA is a Managing Director, Head of Value Equity, and a large cap value portfolio manager.

Average weighted market capitalization is the average market capitalization of stocks in a fund, each weighted by its proportion of assets. Beta measures a fund's sensitivity to changes in the overall market relative to its benchmark. Standard deviation depicts how widely returns vary around its average and is used to understand the range of returns most likely for a given fund. A higher standard deviation generally implies greater volatility. Turnover Ratio is the rate of trading in a portfolio, higher values imply more frequent trading. Due to data availability, statistics may not be as of the current reporting period.

Enhanced cash strategies are variations on traditional money market vehicles. They are designed to provide liquidity and principal preservation, but with more of an emphasis on seeking returns that are superior to those of traditional money market offerings.

Source: Benchmarks - Lipper Inc.; Statistics - Morningstar Inc.; Sector classification - S&P/MSCI. *This figure is comprised of companies that have been classified by S&P/MSCI GICS or classified by Jennison Associates LLC. Companies classified by Jennison Associates LLC are not sponsored by the S&P/MSCI GICS classification system. All other data from PGIM, Inc. (PGIM).

© 2025 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results.

Class R shares are closed to new investors. Class R6 and Z shares may be available to group retirement plans and institutional investors through certain retirement, mutual fund wrap and asset allocation programs. They may also be available to institutional investors. Class Z shares may be available through fee- or commission-based retail brokerage programs of certain financial intermediaries. Class A, C, and Z shares are generally closed to new retirement plans. Please see the prospectus for additional information about fees, expenses, and investor eligibility.

Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.

Investment products are distributed by Prudential Investment Management Services LLC, member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. Jennison Associates is a registered investment advisor. All are Prudential Financial affiliates. © 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, Jennison Associates, Jennison, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

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. Clients seeking information regarding their particular investment needs should contact their financial professional.

INVESTMENT PRODUCTS | Are not insured by the FDIC or any federal government agency | May lose value | Are not a deposit of or guaranteed by any bank or any bank affiliate. 

Prudential Financial, Inc. 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.

4748789    Ed. 08/2025

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