PGIM Jennison Growth Z Fund Overview and Analysis

The PGIM Jennison Growth Z Fund is a solid choice for investors seeking long-term growth. This actively managed fund focuses on large-cap growth stocks.

PGIM Jennison has a long history of managing growth funds, with a track record dating back to the 1970s. This experience has helped the team develop a consistent approach to investing.

The fund's investment strategy is centered around identifying companies with strong growth potential, often in the technology and healthcare sectors.

The PGIM Jennison Growth Fund, also known as PGIM Jennison Diversified Growth Z, has a legal name of PGIM JENNISON GROWTH FUND.

This fund is part of the Prudential fund family, which has a long history of providing investment solutions.

The fund was launched on September 23, 1996, making it a seasoned investment option.

The fund's shares are denominated in US dollars and are available in the US market.

The fund is managed by Spiros "Sig" Segalas, who brings a wealth of experience to the table.

Here are some key details about the fund:

The fund's management team has an impressive average tenure of 14.87 years, with some members having been with the fund since 2005.

The pgim jennison growth z has a strong track record of delivering returns. With a 10-year annualized return of 14.2%, this fund has consistently outperformed its peers.

Its investment strategy focuses on long-term growth, with a 95% allocation to stocks and 5% to bonds. This aggressive approach has allowed the fund to capture significant market gains.

The fund's top holdings include Apple, Microsoft, and Amazon, which have contributed to its impressive returns.

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The expense ratio is a crucial factor to consider when evaluating a fund's performance. PGIM Jennison Diversified Growth Z has an expense ratio of 0.72%, which is 27% lower than its category average.

High expense ratios can significantly reduce your rate of return, making it essential to compare fund expense ratios against category averages for a meaningful assessment. Certain investment categories, such as small company and foreign, normally have higher expense ratios.

PGIM Jennison Diversified Growth Z has a portfolio turnover rate of 147%, significantly higher than the average portfolio turnover of 46% for the Large Growth category. High portfolio turnover can translate to higher expenses and lower after-tax returns.

The fund's expense ratio grade is a B, given its relatively low expense ratio compared to its category average.

When evaluating a company's performance, one key metric to examine is the Net Income Ratio. PJFQX has a Net Income Ratio of -0.26%, which is significantly lower than the Category Low of -6.13% and Category High of 3.48%.

This indicates that PJFQX is performing poorly in terms of net income compared to its peers. In fact, PJFQX's Net Income Ratio is ranked 45.68% in the category, suggesting that it's one of the worst performers.

PJFQX's net income is actually a negative value, which is a major red flag for any business. This suggests that the company is struggling to generate profits and may be at risk of financial difficulties.

Here's a comparison of PJFQX's Net Income Ratio to its category averages:

Overall, PJFQX's Net Income Ratio is a major concern and warrants further investigation to determine the underlying causes of its poor performance.

The pgim jennison growth z investment strategy focuses primarily on stocks, with a whopping 99.53% weighting. This suggests a high-risk, high-reward approach.

Stocks are expected to return between 0.00% and 123.52% per year, making them a significant contributor to the fund's overall performance. The PJFZX % Rank indicates that stocks are a moderate risk investment.

Cash, on the other hand, is a much smaller component of the fund, weighing in at just 0.54%. However, it's expected to return between 0.00% and 173.52% per year, making it a potentially attractive option for those seeking low-risk returns.

PGIM Jennison Diversified Growth is an actively managed U.S. Equity Large Growth fund launched in 2017. It seeks long-term capital appreciation.

The fund normally invests at least 80% of its assets in equity and equity-related securities of companies with market capitalizations comparable to those found in the Russell 1000 Index. It may actively and frequently trade its portfolio securities.

The management team has an average tenure of 14.87 years, with 5 members having been with the fund for over a decade. This level of experience is more important for actively managed funds than passive index funds.

PGIM Jennison Diversified Growth has 83 securities in its portfolio, with the top 10 holdings constituting 52.7% of the fund’s assets. This indicates a concentrated portfolio.

The fund meets the SEC requirement of being classified as a diversified fund. It has 4.1% of its portfolio invested in foreign issues, with 95.4% allocated to domestic stock.

Asset allocation is a crucial aspect of investment strategy, and understanding how to allocate your assets can make a big difference in your returns.

According to the data, stocks make up a significant 99.53% of the asset allocation, with a return potential of 123.52% at its highest.

The remaining 0.47% is split between cash, preferred stocks, other assets, convertible bonds, and bonds. Cash holds a 0.54% weighting, with a return potential of 173.52% at its highest.

It's interesting to note that cash has a higher return potential than stocks, but its weighting is much lower. This suggests that the investment strategy is heavily focused on growth through stocks.

Here's a breakdown of the asset allocation:

The asset allocation strategy seems to prioritize growth through stocks, with a smaller portion allocated to cash and other assets.