PGIM Jennison Focused Growth Fund (SPFZX)
$
)
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.
Seeks to provide long-term growth of capital with a focused portfolio of primarily larger-cap stocks believed to have sustainable above-market growth in revenues, earnings, and cash flows. The Fund may be appropriate for those seeking potential growth opportunities in a concentrated fund.
Growth of $10,000
Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. This chart represents historical performance and does not assume the effects of sales charges or varying fees and expenses of other share classes. If shown with sales charges or these other fees and expenses, performance could have been lower. It is not possible to invest directly in an index. Click here to view benchmark index definitions.
FUND INFORMATION
Fund Statistics
|
Name
|
Weight
|
|---|---|
| Avg Weighted Market Cap ($mil) | 728,544.59 |
| Beta (3 year) | 1.19 |
| Standard Deviation (3 year) | 21.22 |
| Turnover Ratio (12-month %) | 33.00 |
The Morningstar Medalist RatingTM is the summary expression of Morningstar’s forward-looking investment strategies analysis offered via specific vehicles on a Gold, Silver, Bronze, Neutral, and Negative scale. These ratings indicate the investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investments are evaluated on 3 pillars (People, Parent, and Process) which, when coupled with a fee assessment, form the basis for Morningstar’s conviction in those product’s investment merits and determine the assigned rating. Pillar ratings are Low, Below Average, Average, Above Average, and High, and are evaluated qualitatively (either directly to a covered vehicle or indirectly when a covered vehicle’s ratings are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by expected performance into rating groups defined by their Morningstar Category and active or passive status. Analysts who directly cover a vehicle assign the 3 pillar ratings based on their qualitative assessment, subject to Analyst Rating Committee oversight, and monitor and reevaluate them at least every 14 months. Vehicle ratings are assigned monthly when covered either indirectly by analysts or by algorithm. For more information, please visit www.global.morningstar.com/managerdisclosures/. Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to issues like unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment. Changes in underlying factors can mean the rating is subsequently no longer accurate. ‡Source: Morningstar.
Risks of investing in the fund include but are not limited to the following: Growth style investing may subject the Fund to above-average fluctuations as a result of seeking higher than average capital growth. 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. Large-capitalization companies go in and out of favor based on market and economic conditions; the Fund’s value may not rise or fall as much as the value of funds that emphasize companies with smaller market capitalizations. Mid-cap investments may be subject to more erratic market movements than large-cap stocks. Foreign securities are subject to currency fluctuations and political uncertainty. As a non-diversified fund, the Fund may not be invested all sectors, so losses in one sector or security will have a greater impact on performance. Convertible securities are subject to the risk that the issuer will not be able to pay interest or dividends when due. There is no guarantee the Fund's objective will be achieved. Risks are more fully explained in the fund's prospectus.
- Monthly & Quarterly Performance
- Prices & Yields
Total Returns (%)
| 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.
See Daily Returns for the PGIM Jennison Focused Growth Fund.
See Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Jennison Focused Growth Fund.
See Daily Returns for the PGIM Jennison Focused Growth Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Jennison Focused Growth Fund.
|
Fund Expenses
|
Maximum Sales Charge (%)
|
|||
|---|---|---|---|---|
|
Class
|
Gross (%)
|
Net (%)
|
Date*
|
|
| A | 1.09 | 1.02 | 06/30/2026 | 5.50 |
| C | 1.83 | 1.78 | 06/30/2026 | 1.00 |
| R6 | 0.70 | 0.67 | 06/30/2026 | — |
| Z | 0.78 | 0.75 | 06/30/2026 | — |
*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 Growth Category Average: Large-growth portfolios invest primarily in big U.S. companies that are projected to grow faster than other large-cap stocks. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. Growth is defined based on fast growth (high growth rates for earnings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields). Most of these portfolios focus on companies in rapidly expanding industries.
Russell 1000® Growth Index is unmanaged and contains those securities in the Russell 1000 Index with a greater-than-average growth orientation. Companies in this index tend to exhibit higher price-to-book and price-to-earnings ratios.
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
|
Class
|
NAV ($)
|
NAV Change ($)
|
NAV Change (%)
|
POP ($)
|
Total Net Assets ($)
|
|---|---|---|---|---|---|
| A | 29.35 |
0.11
|
0.38 | 31.06 | 1,148,818,313.02 |
| C | 20.15 |
0.08
|
0.40 | — | 43,760,654.55 |
| R6 | 33.28 |
0.14
|
0.42 | — | 125,472,958.60 |
| Z | 33.15 |
0.13
|
0.39 | — | 426,164,960.14 |
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 $U.S. value over the previous day:
= Gain, 
= Loss, 
= No Change.
See Prices of other PGIM Investments Mutual Funds.
52 Week High/Low
|
Class
|
52 Week High ($)
|
52 Week High Date
|
52 Week Low ($)
|
52 Week Low Date
|
|---|---|---|---|---|
| A | 29.46 | 07/28/2025 | 21.13 | 04/08/2025 |
| C | 20.23 | 07/28/2025 | 14.54 | 04/08/2025 |
| R6 | 33.40 | 07/28/2025 | 23.93 | 04/08/2025 |
| Z | 33.27 | 07/28/2025 | 23.84 | 04/08/2025 |
For share classes less than one year old, the 52-week high and 52-week low NAVs are calculated from inception to the current date.
See Yields of other PGIM Investments Mutual Funds.
Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.
This material must be preceded or accompanied by a current prospectus or summary prospectus. Consider a fund's investment objectives, risks, charges, and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.
- Portfolio Summary
- Complete Holdings
Portfolio Attributes
All data is unaudited and subject to change. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Largest holdings excludes cash, cash equivalents, money market funds and enhanced cash strategies. Totals may not sum due to rounding.
Fund Holdings
Holdings are unaudited, may vary and are subject to change. Please refer to the Fund's annual report for audited holdings information. This is not a recommendation to buy or sell any security listed.
Value ($): 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
|
|---|---|---|---|---|---|---|---|
| 67066G104 | Nvidia Corp | NVDA | — | — | 1,187,925.00 | 187,680,270.00 | 10.94 |
| 594918104 | Microsoft Corp | MSFT | — | — | 315,495.00 | 156,930,367.00 | 9.15 |
| 023135106 | Amazon.com Inc | AMZN | — | — | 634,928.00 | 139,296,853.00 | 8.12 |
| 30303M102 | META Platforms Inc | META | — | — | 178,498.00 | 131,747,588.00 | 7.68 |
| 64110L106 | Netflix Inc | NFLX | — | — | 75,616.00 | 101,259,654.00 | 5.90 |
| 037833100 | Apple Inc | AAPL | — | — | 433,753.00 | 88,993,103.00 | 5.19 |
| 11135F101 | Broadcom Inc | AVGO | — | — | 320,472.00 | 88,338,106.00 | 5.15 |
| 57636Q104 | Mastercard Inc | MA | — | — | 131,019.00 | 73,624,816.00 | 4.29 |
| 532457108 | ELI Lilly & Co | LLY | — | — | 61,758.00 | 48,142,213.00 | 2.81 |
| 22160K105 | Costco Wholesale Corp | COST | — | — | 48,140.00 | 47,655,711.00 | 2.78 |
| 58733R102 | Mercadolibre Inc | MELI | — | — | 15,217.00 | 39,771,607.00 | 2.32 |
| 127387108 | Cadence Design Systems Inc | CDNS | — | — | 123,029.00 | 37,911,386.00 | 2.21 |
| 097023105 | Boeing Co/the | BA | — | — | 180,440.00 | 37,807,593.00 | 2.20 |
| 88160R101 | Tesla Inc | TSLA | — | — | 115,053.00 | 36,547,735.00 | 2.13 |
| 22788C105 | Crowdstrike Holdings Inc | CRWD | — | — | 69,698.00 | 35,497,888.00 | 2.07 |
| 81762P102 | Servicenow Inc | NOW | — | — | 33,715.00 | 34,661,717.00 | 2.02 |
| 254687106 | WALT Disney Co/the | DIS | — | — | 277,961.00 | 34,469,943.00 | 2.01 |
| 02079K107 | Alphabet Inc | GOOG | — | — | 175,643.00 | 31,157,311.00 | 1.82 |
| 02079K305 | Alphabet Inc | GOOGL | — | — | 176,872.00 | 31,170,152.00 | 1.82 |
| BFZ1K46 | Spotify Technology Sa | SPOT | — | — | 40,382.00 | 30,986,723.00 | 1.81 |
| 92532F100 | Vertex Pharmaceuticals Inc | VRTX | — | — | 69,296.00 | 30,850,579.00 | 1.80 |
| 874039100 | Taiwan Semiconductor Manufacturing Co Lt | TSM | — | — | 116,849.00 | 26,465,130.00 | 1.54 |
| 369604301 | General Electric Co | GE | — | — | 101,364.00 | 26,090,079.00 | 1.52 |
| 21037T109 | Constellation Energy Corp | CEG | — | — | 77,481.00 | 25,007,767.00 | 1.46 |
| 90353T100 | UBER Technologies Inc | UBER | — | — | 216,276.00 | 20,178,550.00 | 1.18 |
| 670100205 | NOVO Nordisk A/s | NVO | — | — | 268,824.00 | 18,554,232.00 | 1.08 |
| 833445109 | Snowflake Inc | SNOW | — | — | 79,972.00 | 17,895,334.00 | 1.04 |
| 46120E602 | Intuitive Surgical Inc | ISRG | — | — | 32,706.00 | 17,772,767.00 | 1.04 |
| 5596991 | UCB Sa | UCB | — | — | 86,538.00 | 17,027,028.00 | 0.99 |
| 931142103 | Walmart Inc | WMT | — | — | 156,783.00 | 15,330,241.00 | 0.89 |
| BP9DL90 | Industria De Diseno Textil Sa | ITX | — | — | 276,511.00 | 14,424,680.00 | 0.84 |
| 88339J105 | Trade Desk Inc/the | TTD | — | — | 195,222.00 | 14,054,031.00 | 0.82 |
| 252131107 | Dexcom Inc | DXCM | — | — | 115,942.00 | 10,120,577.00 | 0.59 |
| 855244109 | Starbucks Corp | SBUX | — | — | 107,025.00 | 9,806,700.00 | 0.57 |
| 23804L103 | Datadog Inc | DDOG | — | — | 71,883.00 | 9,656,043.00 | 0.56 |
| 009066101 | Airbnb Inc | ABNB | — | — | 59,640.00 | 7,892,757.00 | 0.46 |
| 74440W862 | (pipa070) Pgim Core Government Money Mar | — | 4.42 | 12/01/2099 | 7,792,212.00 | 7,792,211.00 | 0.45 |
| 03831W108 | Applovin Corp | APP | — | — | 20,478.00 | 7,168,938.00 | 0.42 |
| 148929102 | CAVA Group Inc | CAVA | — | — | 76,468.00 | 6,440,899.00 | 0.38 |
| CURRENCY | Currency | — | — | — | -285,860.00 | -285,856.00 | -0.02 |
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ABOUT
?ts=1754524351014&dpr=off)
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.
Blair Boyer, Natasha Kuhlkin, Kathleen McCarragher and Owuraka Koney are the portfolio managers for the PGIM Jennison Focused Growth Fund.
Kathleen McCarragher has announced her retirement mid-year 2026 and will be removed from the Fund on or about December 31, 2025.
Blair A. Boyer
Managing Director, Co-Head of Large Cap Growth Equity Team and a Large Cap Growth Equity Portfolio Manager
|Jennison Associates
Blair Boyer is a managing director, co-head of the large cap growth equity team and a large cap growth equity portfolio manager.
Natasha Kuhlkin
Managing Director
|Jennison Associates
Natasha is a large cap growth equity portfolio manager.
Kathleen A. McCarragher
Managing Director, Head of Growth Equity, and Large Cap Growth Equity Portfolio Manager
|Jennison Associates
Kathleen A. McCarragher is a managing director, head of growth equity, and Large Cap Growth Equity portfolio manager.
Owuraka Koney, CFA
Managing Director
|Large Cap Growth Portfolio Manager
|Jennison Associates
Owuraka Koney is a large cap growth portfolio manager and an equity research analyst covering industrials, consumer internet, and media companies
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.; All other data from PGIM, Inc.
© 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 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.
4621722 Ed. 06/2025
Fund Literature
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