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PRUAX Prudential Jennison Utility A

  • Fund
  • PRUAX
  • Price as of: Dec 05, 2016
  • $13.14
  • + $0.03
  • + 0.23%
  • Category
  • Utilities Equities

PRUAX - Profile

Vitals

  • YTD Return 9.1%
  • 3 Yr Annualized Return 7.9%
  • 5 Yr Annualized Return 12.1%
  • Net Assets $3.22 B
  • Holdings in Top 10 37.6%

52 WEEK LOW AND HIGH

$13.14
$11.40
$14.51

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.84%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 51.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Utilities Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Utilities

Distributions

  • YTD Total Return 11.1%
  • 3 Yr Annualized Total Return 5.9%
  • 5 Yr Annualized Total Return 10.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.63%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Prudential Jennison Utility
  • Fund Family Name Prudential Investments
  • Inception Date Jan 22, 1990
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Teresa Ho Kim

Fund Description

The Prudential Jennison Utility Fund Class A (PRUAX) is an actively managed fund that seeks to provide a high total return of dividends and capital appreciation by investing in the utilities sector. The fund’s managers use a wide variety of metrics that screen for both growth and value among natural gas, electricity and water utilities. PRUAX may also own telecoms and related utility services. The fund primarily invests in the U.S., however, it can and does own international utilities as well.

PRUAX is low-cost option, but given its narrow focus, it is best suited for investors with a wide core equity position already. The fund is managed by Jennison Associates.

PRUAX - Performance

Return Ranking - Trailing

Period PRUAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 9.1% -10.4% 16.3% 35.42% 2
1 Yr 11.1% -2.1% 17.5% 45.83% 3
3 Yr 7.9% * 1.9% 12.1% 41.30% 2
5 Yr 12.1% * 6.9% 12.4% 4.44% 1
10 Yr 6.3% * 5.2% 9.5% 60.00% 3

* Annualized


Return Ranking - Calendar

Period PRUAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -22.1% -40.3% 0.0% 87.23% 5
2014 7.4% -10.4% 22.8% 61.70% 3
2013 20.7% 0.0% 28.2% 4.35% 1
2012 10.4% -12.5% 10.4% 4.55% 1
2011 5.4% -7.6% 21.2% 59.09% 4

Total Return Ranking - Trailing

Period PRUAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 11.1% -10.4% 18.3% 39.58% 2
1 Yr 4.9% -3.1% 17.5% 79.17% 4
3 Yr 5.9% * 0.6% 12.1% 60.87% 3
5 Yr 10.8% * 6.5% 12.4% 31.11% 2
10 Yr 5.7% * 5.2% 9.5% 77.78% 4

* Annualized


Total Return Ranking - Calendar

Period PRUAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -14.3% -22.6% 13.0% 70.21% 4
2014 26.1% 0.0% 29.8% 8.51% 1
2013 39.0% 0.0% 58.2% 15.22% 1
2012 22.0% 0.0% 23.4% 4.55% 1
2011 14.2% 0.0% 44.9% 63.64% 4

NAV & Total Return History

PRUAX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

PRUAX Category Low Category High PRUAX % Rank Quintile
Net Assets 3.22 B 20 M 6.3 B 6.25% 2
Number of Holdings 63 29 261 12.50% 3
Net Assets in Top 10 1.2 B 7.74 M 2.77 B 8.33% 2
Weighting of Top 10 37.6% 28.2% 69.0% 27.08% 3

Top 10 Holdings

  1. Sempra Energy 3.32%
  2. CMS Energy Corp 3.54%
  3. NextEra Energy Inc 4.78%
  4. PG&E Corp 4.57%
  5. American Electric Power Co Inc 3.77%
  6. DTE Energy Co 4.47%
  7. NiSource Inc 3.10%
  8. Xcel Energy Inc 3.25%
  9. Edison International 3.38%
  10. Ameren Corp 3.37%

Asset Allocation

Weighting Category Low Category High PRUAX % Rank Quintile
Stocks
96.70% 92.27% 99.97% 29.17% 4
Other
1.91% -0.21% 4.15% 4.17% 1
Cash
1.40% -0.44% 4.36% 14.58% 3
Convertible Bonds
0.00% 0.00% 0.00% 2.08% 1
Preferred Stocks
0.00% 0.00% 2.62% 10.42% 3
Bonds
0.00% 0.00% 1.92% 8.33% 3

Stock Sector Breakdown

Weighting Category Low Category High PRUAX % Rank Quintile
Utilities
69.39% 21.17% 98.83% 18.75% 3
Energy
16.94% 0.39% 29.62% 8.33% 1
Communication Services
7.49% 0.00% 33.92% 16.67% 3
Real Estate
2.14% 0.00% 7.00% 6.25% 1
Industrials
0.74% 0.00% 17.35% 12.50% 2
Financial Services
0.00% 0.00% 7.64% 6.25% 2
Healthcare
0.00% 0.00% 0.01% 4.17% 2
Technology
0.00% 0.00% 15.19% 20.83% 3
Consumer Defense
0.00% 0.00% 0.01% 4.17% 2
Consumer Cyclical
0.00% 0.00% 2.15% 8.33% 3
Basic Materials
0.00% 0.00% 2.89% 18.75% 3

Stock Geographic Breakdown

Weighting Category Low Category High PRUAX % Rank Quintile
US
82.82% 41.49% 99.97% 29.17% 4
Non US
13.88% 0.00% 50.78% 12.50% 2

PRUAX - Expenses

Operational Fees

PRUAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.84% 0.10% 2.55% 60.42% 2
Management Fee 0.42% 0.08% 1.00% 20.83% 1
12b-1 Fee 0.30% 0.00% 1.00% 14.71% 3
Administrative Fee N/A 0.03% 0.25% N/A N/A

Sales Fees

PRUAX Fees (% of AUM) Category Low Category High PRUAX Rank Quintile
Front Load 5.50% 3.50% 5.75% 20.00% 3
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

PRUAX Fees (% of AUM) Category Low Category High PRUAX Rank Quintile
Max Redemption Fee N/A 0.75% 2.00% N/A N/A

Turnover 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.

PRUAX Fees (% of AUM) Category Low Category High PRUAX Rank Quintile
Turnover 51.00% 3.00% 475.00% 18.75% 4

PRUAX - Distributions

Dividend Yield Analysis

PRUAX Category Low Category High PRUAX % Rank Quintile
Dividend Yield 0.2% 0.06% 1.59% 54.17% 4

Dividend Distribution Analysis

PRUAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Semi-Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PRUAX Category Low Category High PRUAX % Rank Quintile
Net Income Ratio 1.63% 0.56% 3.38% 56.25% 4

Capital Gain Distribution Analysis

PRUAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

PRUAX - Managers

Teresa Ho Kim

Manager

Start Date

Jan 31, 2013

Tenure

3.75

Tenure Rank

22.1%

Teresa Ho Kim, CFA is a Managing Director of Jennison, which she joined in 2006. Ms. Kim came to Jennison after three years with Saranac Capital Management, where she was a senior analyst responsible for electric and gas utility investment coverage. From 1999 to 2003, Ms. Kim was an equity research analyst and associate at Banc of America Securities. She was the lead sell-side analyst for a number of selected utility stocks. Ms. Kim also worked for Brown Brothers Harriman as a health care equity research associate. She has worked as a speech writer for the United States Treasury and was a legislative assistant for the United States Senate Banking Committee. Ms. Kim graduated from Wesleyan University and received her MBA from New York University. She is a member of the CFA Institute.


Shaun Hong

Manager

Start Date

Sep 30, 2000

Tenure

16.1

Tenure Rank

7.0%

Shaun Hong, CFA, is a managing director and an income and infrastructure portfolio manager. He joined Jennison Associates in September 2000 when Prudential's public equity asset management capabilities merged into Jennison. He joined Prudential in 1999 as an analyst responsible for the power, natural gas, and telecommunications industries within Prudential's public equity unit. Shaun began his career in 1992 as a research analyst covering telecommunications and technology companies at Parker/Hunter, a regional brokerage firm based in Pittsburgh. In 1994, Shaun joined Equinox Capital Management, where he worked for five years researching the utility, consumer products, commodities, and technology sectors. He received a BS in industrial management from Carnegie Mellon University. He is a member of The New York Society of Security Analysts and CFA Institute.


Ubong (Bobby) Edemeka

Manager

Start Date

Mar 31, 2005

Tenure

11.59

Tenure Rank

11.6%

Ubong "Bobby" Edemeka is a managing director and an income and infrastructure portfolio manager. He joined Jennison Associates in March 2002. Before joining Jennison, Bobby was a sell-side research analyst on the US Power & Utilities team at Goldman Sachs, 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 Prudential Jennison Utility Fund) at Prudential Investments in 1997 after completing Prudential's investment management training program. He received a BA in government from Harvard University.


Tenure Analysis

Category Low

0.8

Category High

24.7

Category Average

11.1

Category Mode

4.8