Understanding PGIM Jennison Growth Fund and Its Management

The PGIM Jennison Growth Fund is a type of mutual fund designed to provide long-term growth through a combination of value and growth investing strategies.

PGIM Jennison is the investment manager behind the fund, bringing its expertise in growth investing to the table.

The fund is actively managed by a team of experienced portfolio managers, including Michael G. real, who oversees the investment strategy.

PGIM Jennison Growth Fund aims to invest in companies with strong growth potential, often with a market capitalization of $10 billion or more.

The performance metrics of PGIM Jennison Growth are quite impressive. The fund's current year performance is 9.77%, which is a solid return.

One notable statistic is the fund's Sharpe Ratio, which measures risk-adjusted return. The Sharpe Ratio for the current year is 2.33, indicating that the fund has generated strong returns while taking on relatively low risk.

The fund's Alpha, a measure of its excess return relative to the market, is 23.27% for the current year. This suggests that the fund has outperformed the market over the past year.

Here's a breakdown of the fund's performance metrics:

The fund's Beta, which measures its volatility relative to the market, is 1.65 for the current year. This suggests that the fund has been more volatile than the market over the past year.

The fund's Capture Ratio, which measures its ability to capture market gains, is 206.57 for the current year. This is a strong indicator of the fund's performance.

The PGIM Jennison Growth fund has been around since September 23, 1996.

The fund's manager is Spiros “Sig” Segalas, who has been guiding the fund's investment strategy for years.

The fund's legal name is PGIM JENNISON GROWTH FUND, and it's part of the Prudential fund family.

Shares outstanding for this fund are not publicly available.

The fund is denominated in USD and is domiciled in the US, making it a domestic investment option.

Here's a breakdown of the fund's fees:

The PGIM Jennison Growth R6 fund, part of the Prudential fund family, has a primary benchmark of the Russell 1000 Growth TR USD index, with a weighting of 100%.

The fund has 56 securities in its portfolio, with the top 10 holdings constituting 54.2% of the fund's assets. It meets the SEC requirement of being classified as a diversified fund.

The fund's asset allocation is primarily invested in domestic stocks, with 94.7% of its portfolio allocated to US stocks. It also has 4.4% of its portfolio invested in foreign issues.

Here are the fund's details:

The PGIM Jennison Growth R6 fund is an actively managed U.S. Equity Large Growth fund launched by PGIM Investments in 2017.

The fund's primary goal is to achieve long-term growth of capital.

It normally invests at least 65% of its assets in equity and equity-related securities of companies with a market capitalization of over $1 billion.

These companies are generally considered medium- to large-capitalization companies with above-average growth prospects.

The fund primarily invests in common stocks, non-convertible preferred stocks, and convertible securities.

The management team behind the fund has an impressive average tenure of 15.58 years, with some members having been with the team for over two decades.

The team consists of four members, including Natasha Kuhlkin, Blair Boyer, Kathleen McCarragher, and Michael Del Balso.

The R6 grade of a fund is a measure of its performance compared to its category. In the case of the PGIM Jennison Growth R6 fund, it has received a grade of B for its year-to-date performance, 0.0 percentage points worse than the category.

The fund's performance over different time periods also receives grades. For the past year, it received a grade of C, 0.4 percentage points worse than the category. For the past three years, it received a grade of B, 2.0 percentage points better than the category. Over the past five years, it received a grade of B, 2.0 percentage points better than the category. Over the past 10 years, it received a grade of A, 1.9 percentage points better than the category.

Here's a summary of the fund's grades over different time periods:

These grades can give you an idea of how the fund has performed compared to its category over different time periods.

PGIM Jennison Growth R6 is a fund that has been around since September 23, 1996. It's part of the Prudential fund family.

The fund is managed by Spiros “Sig” Segalas. It's worth noting that having an experienced manager can be a plus for investors.

PGIM Jennison Growth R6 has a portfolio of 56 securities, with the top 10 holdings making up 54.2% of the fund's assets. This concentration of holdings can be a concern for some investors.

The fund has a primary benchmark, the Russell 1000 Growth TR USD index, which it aims to track closely. This benchmark helps investors gauge the fund's performance.

Here are some key statistics about the fund's portfolio allocation:

The fund has a relatively small allocation to foreign stock, which may be a consideration for investors with a global perspective.

The PGIM Jennison Growth Fund has a rich history, dating back to its inception on September 23, 1996.

The fund is managed by Spiros “Sig” Segalas, who brings his expertise to the table.

Here are some key details about the fund:

These facts provide a solid foundation for understanding the fund's identity and scope.

PGIM Jennison Growth has a relatively low expense ratio compared to its peers in the Large Growth category, coming in at 0.69% of Assets Under Management (AUM). This is a bit higher than the category average, but still a respectable figure.

The expense ratio is made up of several components, including the management fee, which is 0.56% of AUM. This is a significant portion of the overall expense ratio, but still below the category average.

Let's take a closer look at the breakdown of operational fees for PGIM Jennison Growth:

This table shows the different fee components that make up the overall expense ratio of PGIM Jennison Growth.

PGIM Jennison Growth invests in high-quality, growth-oriented companies that have a strong competitive advantage and a proven track record of delivering long-term earnings growth.

The fund focuses on investing in companies that have a sustainable competitive advantage, such as a strong brand, patented products, or a unique business model, which enables them to maintain their market share and continue to grow over time.

The investment team uses a rigorous research process to identify these companies, analyzing factors such as management quality, financial health, and industry trends to ensure they are investing in the best possible opportunities.

Concentration Analysis is a crucial aspect of investment analysis. It helps you understand how concentrated your portfolio is in terms of net assets and number of holdings.

PJFZX has a net asset size of $8.92 billion, which is significantly larger than the Category Low of $313,000 and much smaller than the Category High of $317 billion.

The number of holdings in PJFZX is 52, which is relatively low compared to the Category High of 3061 holdings.

PJFZX has a high concentration of net assets in its top 10 holdings, with $4.61 billion out of $8.92 billion, or 53.61% of its total net assets.

Here's a summary of PJFZX's concentration analysis:

PJFZX's concentration analysis is quite concentrated, with a PJFZX % Rank of 24.05% for net assets, 60.31% for number of holdings, 26.07% for net assets in top 10, and 49.64% for weighting of top 10.

Net Income Ratio Analysis is a crucial aspect of investment analysis. It helps investors understand how a company's net income compares to its total revenue.

PJFZX's Net Income Ratio is -0.36%. This is significantly lower than the Category Low of -6.13% and the Category High of 3.48%.

The Net Income Ratio % Rank of 54.41% indicates that PJFZX's net income ratio is better than 54.41% of its category.

The fund has $1 billion in total assets, which is below the $2 billion average for the Large Growth category. This is worth considering when evaluating the fund's potential.

Lower assets under management can indeed translate to higher average expense ratios. However, there are exceptions to this rule, such as in small-cap investing where a large influx of assets can hinder the manager's ability to employ the desired active strategy.

Asset allocation is a crucial aspect of managing your assets effectively. It's like deciding how to allocate your time and resources to achieve your goals.

The asset allocation in the example portfolios shows a significant weighting towards stocks, with 99.53% of the allocation dedicated to this asset class. This suggests a high-risk, high-reward approach to investing.

Cash and bonds are also present in the portfolios, with cash making up 0.54% and bonds making up 0.00%. The returns for cash and bonds are also notable, with cash returning up to 173.52% and bonds returning up to 102.71%.

Here's a breakdown of the asset allocation in the example portfolios:

The returns for preferred stocks and other asset classes are also worth noting, with preferred stocks returning up to 8.45% and other asset classes returning up to 42.58%.

Assets under management can have a significant impact on investment performance. A fund with $1 billion in total assets is below the $2 billion average for the Large Growth category.

Lower assets under management can lead to higher average expense ratios, which can eat into your returns.

However, for some investment categories, such as small-cap investing, it's actually beneficial to have lower assets under management. This allows the manager to fully employ the desired active strategy without the assets growing too large or too quickly.

It's natural to seek the best-performing investments, but you must consider the relationship between risk and return.

The PJFZX Return has been quite volatile over the years, with a return of -37.7% in 2022, which is significantly lower than the Category Return Low of -31.9% in 2023.

In 2023, PJFZX Return ranked 4th in its category, with a return of 53.2%. This is a notable improvement from its ranking in 2022, where it ranked 84.79% in the same category.

PJFZX Return has shown significant growth in some years, such as 2020, where it had a return of 56.2%, ranking 10.97% in its category. However, this growth was not consistent, as seen in 2022, where it had a return of -37.7%.

Here's a summary of PJFZX Return's ranking in its category over the years: