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PGIM Jennison Global Opportunities Fund
mutual fund
PRJQX
Payout Change
Suspended
Price as of:
$47.11
+0.31
+0.66%
primary theme
N/A
share class
PRJQX (Mutual Fund)
PGIM Jennison Global Opportunities Fund
Payout Change
Suspended
Price as of:
$47.11
+0.31
+0.66%
primary theme
N/A
share class
PRJQX (Mutual Fund)
PGIM Jennison Global Opportunities Fund
Payout Change
Suspended
Price as of:
$47.11
+0.31
+0.66%
primary theme
N/A
share class
Name
As of 12/23/2024Price
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
25.0%
1 yr return
25.1%
3 Yr Avg Return
2.3%
5 Yr Avg Return
15.0%
Net Assets
$6.58 B
Holdings in Top 10
51.6%
52 WEEK LOW AND HIGH
$46.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.82%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 62.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/23/2024Price
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
PRJQX - Profile
Distributions
- YTD Total Return 25.0%
- 3 Yr Annualized Total Return 2.3%
- 5 Yr Annualized Total Return 15.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.54%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NamePGIM Jennison Global Opportunities Fund
-
Fund Family NamePrudential
-
Inception DateDec 22, 2014
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark Baribeau
Fund Description
The Fund invests primarily in equity and equity-related securities of companies located around the world. The Fund can invest without limit in foreign securities, typically invests in a number of different countries, and may invest a significant portion of its assets in companies located in emerging markets. Under normal circumstances, the Fund invests at least 40% of its investable assets in foreign securities, including emerging market securities. The Fund's investments in foreign securities may be lower if conditions are not favorable, but such investments may not be lower than 30% of the Fund's investable assets. It is possible that conditions that are not favorable (and foreign securities exposure as low as 30%) may occur periodically and continue for extended periods oftime. The Fund may from time to time be geographically concentrated and may invest a substantial amount of its assets in securities of issuers located in a single country or a small number of countries. If the Fund focuses its investments in this manner, adverse economic, political or social conditions in those countries may have a significant negative impact on the Fund’s investment performance. The Fund may invest in securities of issuers of any market capitalization size. Equity and equity-related securities include, but are not limited to, common stocks, securities convertible or exchangeable for common stock or the cash value of common stock, preferred stocks, warrants and rights that can be exercised to obtain stock, investments in various types of business ventures including partnerships and business development companies, investments in other mutual funds, exchange-traded funds (“ETFs”), securities of real estate investment trusts (“REITs”) and income and royalty trusts, structured securities including participation notes (“P-Notes”), structured notes (“S-Notes”) and low exercise price warrants (“LEPWs”) or other similar securities and American Depositary Receipts (“ADRs”) and other similar receipts or shares, in both listed and unlisted form. The Fund’s subadviser employs a growth style of equity management, which means that the Fund seeks to invest in companies with sustainable competitive advantages, long-term structural growth drivers, attractive cash flow returns on invested capital, and management teams focused on creating long-term value for shareholders. The Fund seeks to invest in companies in the early stages of accelerating growth, with attributes such as sustainable competitive advantages, the ability to execute a business strategy, and an appropriate valuation. The subadviser may eliminate or reduce the Fund’s investment in a portfolio holding due to an unfavorable change in that portfolio holding’s fundamentals, such as a weakening financial or competitive position or a significant change in management or governance issues. The emergence of what is believed to be a more attractive portfolio candidate may also lead to eliminating or reducing the weight of a position in the Fund. At times, the Fund may have a significant portion of its assets invested in the same economic sector.
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PRJQX - Performance
Return Ranking - Trailing
| Period | PRJQX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 25.0% | -35.6% | 29.2% | 97.20% |
| 1 Yr | 25.1% | 17.3% | 252.4% | 5.23% |
| 3 Yr | 2.3%* | -3.5% | 34.6% | 1.82% |
| 5 Yr | 15.0%* | 0.1% | 32.7% | 1.88% |
| 10 Yr | 14.7%* | -6.9% | 18.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | PRJQX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 41.7% | -24.3% | 957.1% | 2.60% |
| 2022 | -39.5% | -38.3% | 47.1% | 7.21% |
| 2021 | -1.9% | -54.2% | 0.6% | 1.35% |
| 2020 | 71.8% | -76.0% | 54.1% | 1.46% |
| 2019 | 30.6% | -26.1% | 47.8% | 91.87% |
Total Return Ranking - Trailing
| Period | PRJQX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 25.0% | -35.6% | 29.2% | 97.43% |
| 1 Yr | 25.1% | 11.4% | 252.4% | 5.23% |
| 3 Yr | 2.3%* | -3.5% | 34.6% | 1.82% |
| 5 Yr | 15.0%* | 0.1% | 32.7% | 1.88% |
| 10 Yr | 14.7%* | -6.9% | 18.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | PRJQX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 41.7% | -24.3% | 957.1% | 2.60% |
| 2022 | -39.5% | -33.1% | 47.1% | 7.21% |
| 2021 | 7.8% | -44.4% | 1.8% | 2.69% |
| 2020 | 74.6% | -6.5% | 54.1% | 1.46% |
| 2019 | 30.6% | -14.4% | 47.8% | 96.33% |
NAV & Total Return History
PRJQX - Holdings
Concentration Analysis
| PRJQX | Category Low | Category High | PRJQX % Rank | |
|---|---|---|---|---|
| Net Assets | 6.58 B | 199 K | 133 B | 9.98% |
| Number of Holdings | 33 | 1 | 9075 | 70.59% |
| Net Assets in Top 10 | 3.36 B | -18 M | 37.6 B | 11.56% |
| Weighting of Top 10 | 51.64% | 9.1% | 100.0% | 22.65% |
Top 10 Holdings
- Apple Inc 7.49%
- NVIDIA Corp 6.80%
- Microsoft Corp 6.38%
- Amazon.com Inc 5.02%
- Meta Platforms Inc 4.69%
- Novo Nordisk A/S 4.69%
- Ferrari NV 4.29%
- (PIPA070) PGIM Core Government Money Market Fund 4.16%
- Eli Lilly Co 4.08%
- Netflix Inc 4.04%
Asset Allocation
| Weighting | Return Low | Return High | PRJQX % Rank | |
|---|---|---|---|---|
| Stocks | 95.89% | 61.84% | 125.47% | 33.81% |
| Cash | 4.16% | -174.70% | 23.12% | 60.90% |
| Preferred Stocks | 0.00% | -0.01% | 5.28% | 83.59% |
| Other | 0.00% | -13.98% | 19.14% | 84.91% |
| Convertible Bonds | 0.00% | 0.00% | 4.46% | 81.83% |
| Bonds | 0.00% | -1.50% | 161.67% | 82.49% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PRJQX % Rank | |
|---|---|---|---|---|
| Consumer Cyclical | 33.65% | 0.00% | 40.94% | 1.65% |
| Technology | 31.28% | 0.00% | 49.87% | 5.18% |
| Healthcare | 16.34% | 0.00% | 35.42% | 94.05% |
| Consumer Defense | 9.65% | 0.00% | 73.28% | 68.17% |
| Financial Services | 3.31% | 0.00% | 38.42% | 99.56% |
| Communication Services | 2.81% | 0.00% | 57.66% | 3.96% |
| Basic Materials | 2.12% | 0.00% | 38.60% | 76.98% |
| Industrials | 0.81% | 0.00% | 44.06% | 99.78% |
| Utilities | 0.00% | 0.00% | 29.12% | 97.03% |
| Real Estate | 0.00% | 0.00% | 39.48% | 97.47% |
| Energy | 0.00% | 0.00% | 21.15% | 94.71% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PRJQX % Rank | |
|---|---|---|---|---|
| US | 68.65% | 0.13% | 103.82% | 66.08% |
| Non US | 27.24% | 0.58% | 99.46% | 26.87% |
PRJQX - Expenses
Operational Fees
| PRJQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.82% | 0.01% | 44.27% | 77.31% |
| Management Fee | 0.80% | 0.00% | 1.82% | 79.21% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.76% | N/A |
Sales Fees
| PRJQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PRJQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| PRJQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 62.00% | 0.00% | 395.00% | 70.64% |
PRJQX - Distributions
Dividend Yield Analysis
| PRJQX | Category Low | Category High | PRJQX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 3.26% | 82.28% |
Dividend Distribution Analysis
| PRJQX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
Net Income Ratio Analysis
| PRJQX | Category Low | Category High | PRJQX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.54% | -4.27% | 12.65% | 88.98% |
Capital Gain Distribution Analysis
| PRJQX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2024 | $2.415 | CapitalGainLongTerm |
| Dec 09, 2021 | $4.641 | OrdinaryDividend |
| Dec 11, 2020 | $0.743 | OrdinaryDividend |
PRJQX - Fund Manager Analysis
Managers
Mark Baribeau
Start Date
Tenure
Tenure Rank
Mar 14, 2012
10.22
10.2%
Mark B. Baribeau, CFA, is a managing director, the head of global equity, and a global equity portfolio manager. He joined Jennison Associates in April 2011. He was previously with Loomis Sayles for more than 21 years, where he was lead portfolio manager for the Global Equity Opportunities strategy, beginning in 2005. In addition, he managed large cap growth portfolios from 1992 to 2010, serving as lead manager from 1999 to 2010. Prior to his tenure at Loomis, Mark was an economist at John Hancock Financial Services. He received a BA in economics from the University of Vermont and an MA from the University of Maryland. Mark has a CFA designation and is a member of the Boston Security Analysts Society and the National Association of Business Economists.
Thomas Davis
Start Date
Tenure
Tenure Rank
Mar 14, 2012
10.22
10.2%
Thomas F. Davis is a managing director and a global equity portfolio manager of Jennison. He joined Jennison in April 2011. He was previously with Loomis, Sayles & Company for 11 years, most recently as a co-portfolio manager of global equity portfolios. He began his tenure at Loomis as a research analyst covering domestic insurance companies, securities brokers, exchanges, asset managers, and government-sponsored enterprises and as a portfolio manager for a financial sector strategy. Prior to Loomis, Tom was a global equity research analyst at Putnam Investments, covering insurance companies, Asian property developers, and REITs. He received a BA in economics from Dartmouth College and an MBA from Duke University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 35.82 | 6.24 | 1.25 |
