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PGIM Jennison Global Infrastructure Fund
mutual fund
PGJAX
Payout Change
Pending
Price as of:
$16.13
+0.11
+0.69%
primary theme
Infrastructure Industry Equity
share class
PGJAX (Mutual Fund)
PGIM Jennison Global Infrastructure Fund
Payout Change
Pending
Price as of:
$16.13
+0.11
+0.69%
primary theme
Infrastructure Industry Equity
share class
PGJAX (Mutual Fund)
PGIM Jennison Global Infrastructure Fund
Payout Change
Pending
Price as of:
$16.13
+0.11
+0.69%
primary theme
Infrastructure Industry Equity
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
12.5%
1 yr return
12.6%
3 Yr Avg Return
3.6%
5 Yr Avg Return
5.0%
Net Assets
$36.3 M
Holdings in Top 10
39.6%
52 WEEK LOW AND HIGH
$16.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.93%
SALES FEES
Front Load 5.50%
Deferred Load N/A
TRADING FEES
Turnover 72.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PGJAX - Profile
Distributions
- YTD Total Return 12.5%
- 3 Yr Annualized Total Return 3.6%
- 5 Yr Annualized Total Return 5.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.55%
- Dividend Yield 0.9%
- Dividend Distribution Frequency None
Fund Details
-
Legal NamePGIM Jennison Global Infrastructure Fund
-
Fund Family NamePrudential
-
Inception DateSep 25, 2013
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerShaun Hong
Fund Description
The Fund normally invests at least 80% of its investable assets in securities of U.S. and foreign (“non-U.S. based”) infrastructure companies. The Fund will consider a company an infrastructure company if the company is categorized, based on the Global Industry Classification Standard (“GICS”) industry classifications, as they may be amended from time to time, within the following industries: Aerospace & Defense, Air Freight & Logistics, Passenger Airlines, Building Products, Commercial Services & Supplies, Communications Equipment, Construction & Engineering, Construction Materials, Diversified Telecommunication Services, Electric Utilities, Electrical Equipment, Energy Equipment & Services, Gas Utilities, Health Care Providers & Services, Independent Power Producers & Energy Traders, Industrial Conglomerates, Machinery, Marine Transportation, Metals & Mining, Multi-Utilities, Oil, Gas, & Consumable Fuels, Ground Transportation, Transportation Infrastructure, Water Utilities, Wireless Telecommunication Services, Health Care REITs, Industrial REITs and Specialized REITs. Examples of assets held by infrastructure companies include toll roads, airports, rail track, shipping ports, telecom infrastructure, hospitals, schools, utilities such as electricity, gas distribution networks and water, and oil and gas pipelines. The Fund may amend from time to time the GICS industries that are included in the Fund's definition of an infrastructure company.The Fund's investments in securities include, but are not limited to, common stocks, listed and unlisted American Depositary Receipts (“ADRs”) and similar receipts, securities of REITs and master limited partnerships (“MLPs”). REITs are like corporations, except that they do not pay income taxes if they meet certain tax requirements. REITs invest primarily in real estate or real estate mortgages and distribute almost all of their income to shareholders. MLPs are generally treated as partnerships for U.S. federal income tax purposes and generally do not pay income taxes. Currently, most MLPs operate in the energy, natural resources or real estate sectors. The Fund may invest in companies of any size. The Fund expects to invest in at least three different countries and approximately 40% of its investable assets in instruments of foreign issuers, dependent upon current investment opportunities. The Fund's investments in foreign issuers may be lower if conditions are not favorable, but such investments may not be lower than 30% of the Fund's investable assets. The Fund may invest in U.S. companies and foreign companies, including companies domiciled, doing business in or trading in emerging markets.
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PGJAX - Performance
Return Ranking - Trailing
| Period | PGJAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.5% | -13.9% | 21.1% | 16.30% |
| 1 Yr | 12.6% | -13.3% | 22.1% | 16.30% |
| 3 Yr | 3.6%* | -13.2% | 14.3% | 26.09% |
| 5 Yr | 5.0%* | -2.9% | 19.1% | 13.33% |
| 10 Yr | 5.5%* | 2.3% | 8.3% | 27.66% |
* Annualized
Return Ranking - Calendar
| Period | PGJAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.0% | -17.5% | 30.1% | 23.91% |
| 2022 | -10.8% | -28.1% | -3.4% | 51.09% |
| 2021 | 6.5% | -28.7% | 35.7% | 72.41% |
| 2020 | 0.7% | -12.5% | 28.8% | 17.33% |
| 2019 | 26.8% | 9.9% | 33.6% | 13.51% |
Total Return Ranking - Trailing
| Period | PGJAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.5% | -13.9% | 21.1% | 16.30% |
| 1 Yr | 12.6% | -13.3% | 22.1% | 16.30% |
| 3 Yr | 3.6%* | -13.2% | 14.3% | 26.09% |
| 5 Yr | 5.0%* | -2.9% | 19.1% | 13.33% |
| 10 Yr | 5.5%* | 2.3% | 8.3% | 27.66% |
* Annualized
Total Return Ranking - Calendar
| Period | PGJAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.5% | -15.6% | 31.0% | 38.04% |
| 2022 | -8.1% | -27.1% | -0.5% | 60.87% |
| 2021 | 14.7% | -3.5% | 36.4% | 45.98% |
| 2020 | 1.6% | -11.2% | 29.9% | 26.67% |
| 2019 | 28.4% | 16.7% | 35.3% | 37.84% |
NAV & Total Return History
PGJAX - Holdings
Concentration Analysis
| PGJAX | Category Low | Category High | PGJAX % Rank | |
|---|---|---|---|---|
| Net Assets | 36.3 M | 1.83 M | 9.72 B | 84.78% |
| Number of Holdings | 51 | 26 | 233 | 40.22% |
| Net Assets in Top 10 | 16.8 M | 823 K | 5.61 B | 84.78% |
| Weighting of Top 10 | 39.58% | 8.2% | 62.5% | 56.52% |
Top 10 Holdings
- (PIPA070) PGIM Core Government Money Market Fund 7.76%
- NextEra Energy Inc 5.87%
- Ferrovial SE 4.24%
- Aena SME SA 3.97%
- Vinci SA 3.27%
- Southern Co/The 2.94%
- Sempra 2.90%
- Digital Realty Trust Inc 2.90%
- PGE Corp 2.88%
- Targa Resources Corp 2.86%
Asset Allocation
| Weighting | Return Low | Return High | PGJAX % Rank | |
|---|---|---|---|---|
| Stocks | 93.17% | 86.92% | 101.95% | 93.48% |
| Cash | 7.76% | 0.00% | 8.62% | 4.35% |
| Preferred Stocks | 0.00% | 0.00% | 2.81% | 31.52% |
| Other | 0.00% | -0.22% | 2.35% | 38.04% |
| Convertible Bonds | 0.00% | 0.00% | 2.46% | 27.17% |
| Bonds | 0.00% | 0.00% | 6.41% | 28.26% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PGJAX % Rank | |
|---|---|---|---|---|
| Utilities | 45.56% | 3.71% | 96.19% | 39.13% |
| Industrials | 29.77% | 0.00% | 68.24% | 35.87% |
| Energy | 16.35% | 0.00% | 32.46% | 41.30% |
| Real Estate | 5.86% | 0.00% | 23.51% | 63.04% |
| Communication Services | 2.46% | 0.00% | 27.53% | 61.96% |
| Technology | 0.00% | 0.00% | 25.65% | 68.48% |
| Healthcare | 0.00% | 0.00% | 6.54% | 30.43% |
| Financial Services | 0.00% | 0.00% | 17.28% | 36.96% |
| Consumer Defense | 0.00% | 0.00% | 0.99% | 32.61% |
| Consumer Cyclical | 0.00% | 0.00% | 10.02% | 34.78% |
| Basic Materials | 0.00% | 0.00% | 25.54% | 45.65% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PGJAX % Rank | |
|---|---|---|---|---|
| US | 53.86% | 1.96% | 99.99% | 40.22% |
| Non US | 39.31% | 0.00% | 97.95% | 80.43% |
PGJAX - Expenses
Operational Fees
| PGJAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.93% | 0.30% | 10.15% | 20.65% |
| Management Fee | 1.00% | 0.30% | 1.00% | 97.83% |
| 12b-1 Fee | 0.30% | 0.00% | 1.00% | 65.91% |
| Administrative Fee | N/A | 0.04% | 0.15% | N/A |
Sales Fees
| PGJAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.50% | 4.50% | 5.75% | 52.94% |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| PGJAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PGJAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 72.00% | 13.00% | 128.00% | 78.87% |
PGJAX - Distributions
Dividend Yield Analysis
| PGJAX | Category Low | Category High | PGJAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.94% | 0.00% | 5.50% | 90.22% |
Dividend Distribution Analysis
| PGJAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| PGJAX | Category Low | Category High | PGJAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.55% | -0.39% | 4.38% | 87.50% |
Capital Gain Distribution Analysis
| PGJAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2024 | $0.038 | OrdinaryDividend |
| Dec 20, 2024 | $0.671 | CapitalGainLongTerm |
| Oct 18, 2024 | $0.036 | OrdinaryDividend |
| Jul 19, 2024 | $0.107 | OrdinaryDividend |
| Apr 19, 2024 | $0.017 | OrdinaryDividend |
| Jan 19, 2024 | $0.004 | OrdinaryDividend |
| Dec 20, 2023 | $0.018 | OrdinaryDividend |
| Oct 20, 2023 | $0.052 | OrdinaryDividend |
| Jul 14, 2023 | $0.135 | OrdinaryDividend |
| Dec 20, 2022 | $0.336 | OrdinaryDividend |
| Jul 15, 2022 | $0.097 | OrdinaryDividend |
| Dec 20, 2021 | $1.147 | OrdinaryDividend |
| Oct 15, 2021 | $0.013 | OrdinaryDividend |
| Jul 16, 2021 | $0.039 | OrdinaryDividend |
| Apr 16, 2021 | $0.015 | OrdinaryDividend |
| Dec 21, 2020 | $0.028 | OrdinaryDividend |
| Oct 16, 2020 | $0.034 | OrdinaryDividend |
| Jul 17, 2020 | $0.065 | OrdinaryDividend |
| Apr 17, 2020 | $0.005 | OrdinaryDividend |
| Dec 20, 2019 | $0.041 | OrdinaryDividend |
| Oct 18, 2019 | $0.001 | OrdinaryDividend |
| Jul 19, 2019 | $0.109 | OrdinaryDividend |
| Apr 12, 2019 | $0.028 | OrdinaryDividend |
| Jan 18, 2019 | $0.008 | OrdinaryDividend |
| Dec 20, 2018 | $0.063 | OrdinaryDividend |
| Oct 19, 2018 | $0.030 | OrdinaryDividend |
| Jul 20, 2018 | $0.111 | OrdinaryDividend |
| Apr 13, 2018 | $0.017 | OrdinaryDividend |
| Dec 20, 2017 | $0.029 | OrdinaryDividend |
| Oct 20, 2017 | $0.011 | OrdinaryDividend |
| Jul 14, 2017 | $0.082 | OrdinaryDividend |
| Apr 17, 2017 | $0.028 | OrdinaryDividend |
| Dec 16, 2016 | $0.067 | OrdinaryDividend |
| Oct 21, 2016 | $0.028 | OrdinaryDividend |
| Jul 22, 2016 | $0.073 | OrdinaryDividend |
| Dec 22, 2015 | $0.066 | OrdinaryDividend |
| Oct 16, 2015 | $0.023 | OrdinaryDividend |
| Jul 17, 2015 | $0.034 | OrdinaryDividend |
| Dec 19, 2014 | $0.019 | OrdinaryDividend |
| Jun 20, 2014 | $0.055 | OrdinaryDividend |
| Mar 25, 2014 | $0.050 | OrdinaryDividend |
| Dec 11, 2013 | $0.033 | OrdinaryDividend |
| Dec 11, 2013 | $0.010 | CapitalGainShortTerm |
PGJAX - Fund Manager Analysis
Managers
Shaun Hong
Start Date
Tenure
Tenure Rank
Sep 25, 2013
8.68
8.7%
Shaun Hong, CFA, is a Managing Director and an income and infrastructure portfolio manager. He joined Prudential (now PGIM) in 1999 as an analyst in Prudential's public equity unit responsible for the power, natural gas, and telecommunications industries, and in September 2000 when Prudential’s public equity asset management capabilities were transferred to Jennison, he joined Jennison. Mr. Hong began his career in 1992 as a research analyst covering telecommunications and technology companies at Parker/Hunter, a regional brokerage firm based in Pittsburgh, then joined Equinox Capital Management in 1994 where he covered the utility, consumer products, commodities, and technology sectors. He earned a BS in industrial management from Carnegie Mellon University and he holds the Chartered Financial Analyst (CFA) designation. Mr. Hong is a member of the New York Society of Security Analysts, Inc.
Ubong (Bobby) Edemeka
Start Date
Tenure
Tenure Rank
Sep 25, 2013
8.68
8.7%
Ubong "Bobby" Edemeka is a managing director and an income and infrastructure portfolio manager. He joined Jennison Associates in March 2002. Before joining Jennison, Mr. Edemeka was with Goldman Sachs as a sell-side research analyst on the US Power & Utilities team., for which he covered electric utilities and independent power producers. Prior to Goldman Sachs, he was an analyst on the global utilities team of SSB Citi Asset Management Group, a division of Citigroup. Bobby began his career as an analyst for the Prudential Utility Fund (now PGIM Jennison Utility Fund) in 1997 . He received a BA in government from Harvard University.
Brannon Cook
Start Date
Tenure
Tenure Rank
Jul 14, 2014
7.88
7.9%
Brannon P. Cook is a Managing Director, global infrastructure portfolio manager, and an income and infrastructure research analyst. He joined Jennison Associates in May 2008. Prior to joining Jennison, Mr. Cook spent eight years at JPMorgan Chase initially as an analyst within the mergers and acquisitions group, where he assessed potential merger feasibility and valuation then as a vice president and senior analyst covering transportation and industrial companies. Mr. Cook earned a BS in business administration from Washington and Lee University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.17 | 18.18 | 5.81 | 8.08 |
