PGIM Jennison Utility Fund (PRUZX)
$
)
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 total return that includes capital appreciation and current income by investing in utilities and utility-related companies. The Fund may be appropriate for those who want to benefit from the growing need for energy, seek both income and capital growth, and can withstand the volatility associated with sector investing.
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) | 52,326.50 |
| Beta (3 year) | 0.92 |
| Standard Deviation (3 year) | 15.50 |
| Turnover Ratio (12-month %) | 47.00 |
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.
Risks of investing in the fund include but are not limited to the following: Utility sector investments may be impacted by changing commodity prices, regulatory and tax changes, interest and exchange rate fluctuations, and economic and weather events. Small- and mid-cap investments may be subject to more erratic market movements than large-cap stocks. 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. Foreign securities are subject to currency fluctuations and political uncertainty. 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. 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. Investments in currency may result in a decline in the fund's net asset value due to changes in exchange rates. Credit risk is the risk that the issuer, guarantor, or insurer of a fixed income security, or the counterparty to a contract may be unable or unwilling to meet their obligations. 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 Utility Fund.
See Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Jennison Utility Fund.
See Daily Returns for the PGIM Jennison Utility Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Jennison Utility Fund.
|
Fund Expenses
|
Maximum Sales Charge (%)
|
|||
|---|---|---|---|---|
|
Class
|
Gross (%)
|
Net (%)
|
Date*
|
|
| A | 0.82 | 0.82 | — | 5.50 |
| C | 1.61 | 1.61 | — | 1.00 |
| R | 1.36 | 1.11 | 03/31/2025 | — |
| R6 | 0.50 | 0.50 | — | — |
| Z | 0.57 | 0.57 | — | — |
*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 Utilities Category Average: Utilities portfolios seek capital appreciation by investing primarily in equity securities of U.S. or non-U.S. public utilities including electric, gas, and telephone-service providers.
S&P 500 Utility Total Return Index is a market cap-weighted index of natural gas and electric companies.
The S&P Indices are products of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by PGIM Investments. Copyright ©2025 S&P Dow Jones Indices LLC, a division of S&P Global, Inc., and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of S&P Global and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC.
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 | 16.40 |
-0.07
|
-0.43 | 17.35 | 2,838,879,111.57 |
| C | 16.21 |
-0.07
|
-0.43 | — | 47,577,169.81 |
| R | 16.37 |
-0.07
|
-0.43 | — | 91,000,753.85 |
| R6 | 16.47 |
-0.07
|
-0.42 | — | 44,232,579.36 |
| Z | 16.50 |
-0.07
|
-0.42 | — | 375,486,620.11 |
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 | 17.59 | 11/26/2024 | 14.12 | 04/08/2025 |
| C | 17.40 | 11/29/2024 | 13.96 | 04/08/2025 |
| R | 17.56 | 11/26/2024 | 14.09 | 04/08/2025 |
| R6 | 17.64 | 11/29/2024 | 14.17 | 04/08/2025 |
| Z | 17.68 | 11/26/2024 | 14.20 | 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.
Yields
| Class | SEC 30-Day Subsidized Yield (%) | SEC 30-Day Unsubsidized Yield (%) | Offer Distb. Yield (%) | NAV Distb. Yield (%) | SEC-30 Day Sub Taxable Equivalent Yield (%) |
|---|---|---|---|---|---|
| A - View Prospectus | 1.57 | 1.57 | — | — | — |
| C - View Prospectus | 0.89 | 0.89 | — | — | — |
| R - View Prospectus | 1.42 | 1.18 | — | — | — |
| R6 - View Prospectus | 2.01 | 2.01 | — | — | — |
| Z - View Prospectus | 1.93 | 1.93 | — | — | — |
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. Total number of holdings based on issuers. Totals may not sum due to rounding. Negative holdings reflect outstanding trades at period end.
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
|
|---|---|---|---|---|---|---|---|
| 65339F101 | Nextera Energy Inc | NEE | — | — | 4,777,028.00 | 331,621,283.00 | 10.25 |
| 92840M102 | Vistra Energy Corp Com | VST | — | — | 979,303.00 | 189,798,714.00 | 5.86 |
| 21037T109 | Constellation Energy Corp | CEG | — | — | 583,928.00 | 188,468,601.00 | 5.82 |
| 29364G103 | Entergy Corp | ETR | — | — | 2,066,934.00 | 171,803,554.00 | 5.31 |
| 15189T107 | Centerpoint Energy Inc | CNP | — | — | 4,563,170.00 | 167,650,865.00 | 5.18 |
| 842587107 | Southern Co/the | SO | — | — | 1,809,373.00 | 166,154,722.00 | 5.13 |
| 023608102 | Ameren Corp | AEE | — | — | 1,662,666.00 | 159,682,442.00 | 4.93 |
| 69351T106 | PPL Corp | PPL | — | — | 4,061,501.00 | 137,644,268.00 | 4.25 |
| 65473P105 | Nisource Inc | NI | — | — | 3,361,663.00 | 135,609,485.00 | 4.19 |
| 69331C108 | PG&E Corp | PCG | — | — | 9,623,620.00 | 134,153,262.00 | 4.15 |
| 125896100 | CMS Energy Corp | CMS | — | — | 1,823,254.00 | 126,315,037.00 | 3.90 |
| 816851109 | Sempra | SRE | — | — | 1,641,368.00 | 124,366,453.00 | 3.84 |
| 30034W106 | Evergy Inc | EVRG | — | — | 1,709,576.00 | 117,841,073.00 | 3.64 |
| 30161N101 | Exelon Corp | EXC | — | — | 2,550,943.00 | 110,761,945.00 | 3.42 |
| 98389B100 | XCEL Energy Inc | XEL | — | — | 1,555,144.00 | 105,905,306.00 | 3.27 |
| 744573106 | Public Service Enterprise Group Inc | PEG | — | — | 1,197,982.00 | 100,846,124.00 | 3.12 |
| 025537101 | American Electric Power Co Inc | AEP | — | — | 922,578.00 | 95,726,693.00 | 2.96 |
| 25746U109 | Dominion Energy Inc | D | — | — | 1,451,982.00 | 82,066,022.00 | 2.54 |
| 629377508 | NRG Energy Inc | NRG | — | — | 512,013.00 | 82,219,047.00 | 2.54 |
| 233331107 | DTE Energy Co | DTE | — | — | 537,366.00 | 71,179,500.00 | 2.20 |
| 049560105 | Atmos Energy Corp | ATO | — | — | 416,367.00 | 64,166,318.00 | 1.98 |
| B09M9F4 | ELIA Group Sa/nv | ELI | — | — | 510,720.00 | 58,985,275.00 | 1.82 |
| 26441C204 | DUKE Energy Corp | DUK | — | — | 413,178.00 | 48,755,004.00 | 1.51 |
| 451107106 | Idacorp Inc | IDA | — | — | 413,513.00 | 47,740,075.00 | 1.48 |
| 87422Q109 | Talen Energy Corp | TLN | — | — | 150,886.00 | 43,873,122.00 | 1.36 |
| 018802108 | Alliant Energy Corp | LNT | — | — | 721,531.00 | 43,630,979.00 | 1.35 |
| 16411R208 | Cheniere Energy Inc | LNG | — | — | 142,800.00 | 34,774,656.00 | 1.07 |
| 723484101 | Pinnacle West Capital Corp | PNW | — | — | 368,843.00 | 33,000,383.00 | 1.02 |
| 29444U700 | Equinix Inc | EQIX | — | — | 35,806.00 | 28,482,598.00 | 0.88 |
| 165303108 | Chesapeake Utilities Corp | CPK | — | — | 195,133.00 | 23,458,889.00 | 0.72 |
| 74440W862 | (pipa070) Pgim Core Government Money Mar | — | 4.42 | 12/01/2099 | 6,893,889.00 | 6,893,888.00 | 0.21 |
| CURRENCY | Currency | — | — | — | 2,479,152.00 | 2,676,773.00 | 0.08 |
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ABOUT
?ts=1754524431448&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.
Bobby Edemeka, and Shaun Hong are the portfolio managers for the PGIM Jennison Utility Fund.
Ubong "Bobby" Edemeka
Managing Director and Income and Infrastructure Portfolio Manager
|Jennison Associates
Ubong "Bobby" Edemeka is a Managing Director and income and infrastructure portfolio manager.
Shaun Hong, CFA
Managing Director and Income and Infrastructure Portfolio Manager
|Jennison Associates
Shaun Hong, CFA is a Managing Director and income and infrastructure 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.
4584772 Ed. 06/2025
Fund Literature
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