PGIM Jennison MLP Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
9.1%
1 yr return
24.9%
3 Yr Avg Return
20.2%
5 Yr Avg Return
8.5%
Net Assets
$532 M
Holdings in Top 10
82.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 3.20%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 42.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PRPQX - Profile
Distributions
- YTD Total Return 9.1%
- 3 Yr Annualized Total Return 20.2%
- 5 Yr Annualized Total Return 8.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.21%
- Dividend Yield 4.8%
- Dividend Distribution Frequency None
Fund Details
-
Legal NamePGIM Jennison MLP Fund
-
Fund Family NamePrudential
-
Inception DateJan 26, 2018
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerShaun Hong
Fund Description
PRPQX - Performance
Return Ranking - Trailing
Period | PRPQX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.1% | 2.5% | 16.0% | 78.10% |
1 Yr | 24.9% | 7.1% | 49.6% | 76.19% |
3 Yr | 20.2%* | 5.7% | 35.7% | 70.30% |
5 Yr | 8.5%* | -7.8% | 33.2% | 52.22% |
10 Yr | N/A* | -6.0% | 11.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | PRPQX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.8% | -14.9% | 18.2% | 68.22% |
2022 | 13.7% | -7.0% | 29.9% | 61.17% |
2021 | 33.2% | 4.2% | 55.3% | 27.18% |
2020 | -29.3% | -57.4% | 155.1% | 33.33% |
2019 | 7.7% | -8.9% | 20.8% | 31.52% |
Total Return Ranking - Trailing
Period | PRPQX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.1% | 2.5% | 16.0% | 78.10% |
1 Yr | 24.9% | 7.1% | 49.6% | 76.19% |
3 Yr | 20.2%* | 5.7% | 35.7% | 70.30% |
5 Yr | 8.5%* | -7.8% | 33.2% | 52.22% |
10 Yr | N/A* | -6.0% | 11.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PRPQX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.2% | -9.3% | 25.5% | 78.50% |
2022 | 20.4% | -1.2% | 38.8% | 68.93% |
2021 | 40.7% | 11.1% | 56.2% | 29.13% |
2020 | -24.1% | -53.9% | 155.1% | 33.33% |
2019 | 15.3% | -3.4% | 34.1% | 23.91% |
NAV & Total Return History
PRPQX - Holdings
Concentration Analysis
PRPQX | Category Low | Category High | PRPQX % Rank | |
---|---|---|---|---|
Net Assets | 532 M | 22 M | 53.1 B | 47.37% |
Number of Holdings | 23 | 16 | 85 | 78.70% |
Net Assets in Top 10 | 448 M | 18.8 M | 3.1 B | 47.22% |
Weighting of Top 10 | 82.93% | 40.8% | 111.7% | 28.70% |
Top 10 Holdings
- Energy Transfer LP 11.96%
- Targa Resources Corp 10.25%
- Plains GP Holdings LP 9.82%
- Enterprise Products Partners LP 9.73%
- MPLX LP 9.69%
- Cheniere Energy Inc 8.33%
- EnLink Midstream LLC 6.87%
- Williams Cos Inc/The 5.61%
- ONEOK Inc 5.51%
- Equitrans Midstream Corp 5.17%
Asset Allocation
Weighting | Return Low | Return High | PRPQX % Rank | |
---|---|---|---|---|
Stocks | 106.60% | 53.33% | 133.88% | 16.67% |
Cash | 1.47% | 0.00% | 13.09% | 46.30% |
Preferred Stocks | 0.00% | 0.00% | 2.34% | 80.56% |
Other | 0.00% | -36.30% | 5.12% | 73.15% |
Convertible Bonds | 0.00% | 0.00% | 5.29% | 78.70% |
Bonds | 0.00% | 0.00% | 40.73% | 79.63% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PRPQX % Rank | |
---|---|---|---|---|
Energy | 95.44% | 53.73% | 100.00% | 50.00% |
Utilities | 2.82% | 0.00% | 41.78% | 51.85% |
Basic Materials | 1.74% | 0.00% | 6.40% | 16.67% |
Technology | 0.00% | 0.00% | 2.43% | 84.26% |
Real Estate | 0.00% | 0.00% | 0.26% | 78.70% |
Industrials | 0.00% | 0.00% | 4.54% | 85.19% |
Healthcare | 0.00% | 0.00% | 0.00% | 78.70% |
Financial Services | 0.00% | 0.00% | 0.66% | 78.70% |
Communication Services | 0.00% | 0.00% | 0.00% | 78.70% |
Consumer Defense | 0.00% | 0.00% | 0.82% | 78.70% |
Consumer Cyclical | 0.00% | 0.00% | 1.07% | 78.70% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PRPQX % Rank | |
---|---|---|---|---|
US | 106.60% | 48.92% | 132.40% | 16.67% |
Non US | 0.00% | 0.00% | 26.09% | 95.37% |
PRPQX - Expenses
Operational Fees
PRPQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 3.20% | 0.35% | 8.56% | 17.76% |
Management Fee | 1.00% | 0.35% | 1.38% | 65.79% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.04% | 0.15% | N/A |
Sales Fees
PRPQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 4.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
PRPQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
PRPQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 42.00% | 6.00% | 166.00% | 62.75% |
PRPQX - Distributions
Dividend Yield Analysis
PRPQX | Category Low | Category High | PRPQX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.79% | 0.00% | 19.43% | 49.12% |
Dividend Distribution Analysis
PRPQX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
PRPQX | Category Low | Category High | PRPQX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.21% | -6.38% | 9.57% | 44.86% |
Capital Gain Distribution Analysis
PRPQX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Feb 16, 2024 | $0.095 | OrdinaryDividend |
Nov 17, 2023 | $0.127 | OrdinaryDividend |
Aug 18, 2023 | $0.103 | OrdinaryDividend |
May 19, 2023 | $0.117 | OrdinaryDividend |
Feb 17, 2023 | $0.128 | OrdinaryDividend |
Nov 18, 2022 | $0.096 | OrdinaryDividend |
Aug 19, 2022 | $0.100 | OrdinaryDividend |
May 20, 2022 | $0.095 | OrdinaryDividend |
Feb 18, 2022 | $0.104 | OrdinaryDividend |
Nov 19, 2021 | $0.031 | OrdinaryDividend |
Aug 13, 2021 | $0.030 | OrdinaryDividend |
May 14, 2021 | $0.026 | OrdinaryDividend |
Feb 19, 2021 | $0.023 | OrdinaryDividend |
Aug 14, 2020 | $0.097 | OrdinaryDividend |
May 15, 2020 | $0.088 | OrdinaryDividend |
Feb 14, 2020 | $0.097 | OrdinaryDividend |
Nov 15, 2019 | $0.114 | OrdinaryDividend |
Aug 16, 2019 | $0.114 | OrdinaryDividend |
May 17, 2019 | $0.112 | OrdinaryDividend |
Feb 15, 2019 | $0.108 | OrdinaryDividend |
Nov 16, 2018 | $0.113 | OrdinaryDividend |
Aug 17, 2018 | $0.109 | OrdinaryDividend |
May 18, 2018 | $0.122 | OrdinaryDividend |
Feb 16, 2018 | $0.111 | OrdinaryDividend |
PRPQX - Fund Manager Analysis
Managers
Shaun Hong
Start Date
Tenure
Tenure Rank
Dec 18, 2013
8.45
8.5%
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
Dec 18, 2013
8.45
8.5%
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.
Stephen Maresca
Start Date
Tenure
Tenure Rank
Jul 15, 2016
5.88
5.9%
Stephen is a master limited partnership portfolio manager and an income and infrastructure research analyst. He joined Jennison in 2014. Prior to Jennison, Stephen spent six years with Morgan Stanley, where he was a managing director and equity research analyst covering MLPs and diversified natural gas. Before his tenure with Morgan Stanley, Stephen covered energy MLPs for UBS. Stephen began his financial services career in 1997 as a treasury funding analyst with PaineWebber. He received a BS in accounting from Providence College.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 15.78 | 7.81 | 12.18 |