AGOCX: PGIM Jennison Equity Income C

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AGOCX PGIM Jennison Equity Income C

  • Fund
  • AGOCX
  • Price as of: Jan 17, 2020
  • $12.51
    + $0.08 + 0.64%

Profile

AGOCX - Profile

Vitals

  • YTD Return 2.0%
  • 3 Yr Annualized Return -4.0%
  • 5 Yr Annualized Return -4.8%
  • Net Assets $1.26 B
  • Holdings in Top 10 30.8%

52 WEEK LOW AND HIGH

$12.51
$11.86
$13.63

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.85%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 77.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return 4.9%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.38%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    PGIM Jennison Global Equity Income Fund- Class C
  • Fund Family Name
    PGIM Funds (Prudential)
  • Inception Date
    Dec 31, 1997
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Shaun Hong

Fund Description

The fund invests under normal circumstances at least 80% of its investable assets in income-producing equity and equity-related securities. Equity and equity-related securities include common stocks, securities convertible or exchangeable for common stock or the cash value of such common stock, nonconvertible preferred stocks and convertible securities, warrants and rights that can be exercised to obtain stock.


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Categories

Performance

AGOCX - Performance

Return Ranking - Trailing

Period AGOCX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -6.5% 5.0% 79.49%
1 Yr 4.5% -26.1% 30.1% 90.32%
3 Yr -4.0%* -18.4% 13.8% 88.00%
5 Yr -4.8%* -12.1% 11.0% 91.67%
10 Yr 0.9%* -1.7% 12.8% 89.47%

* Annualized

Return Ranking - Calendar

Period AGOCX Return Category Return Low Category Return High Rank in Category (%)
2019 7.5% -22.7% 39.5% 80.65%
2018 -25.4% -48.9% 1.4% 71.43%
2017 8.8% -6.7% 24.8% 52.00%
2016 4.3% -9.5% 17.8% 64.00%
2015 -16.6% -18.8% 1.4% 95.83%

Total Return Ranking - Trailing

Period AGOCX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -6.5% 5.0% 79.49%
1 Yr 4.5% -26.1% 30.1% 90.32%
3 Yr 4.9%* -18.4% 13.9% 76.00%
5 Yr 3.1%* -12.1% 12.0% 79.17%
10 Yr 7.5%* 0.4% 16.0% 84.21%

* Annualized

Total Return Ranking - Calendar

Period AGOCX Return Category Return Low Category Return High Rank in Category (%)
2019 7.5% -21.6% 39.5% 80.65%
2018 -7.7% -48.9% 1.4% 28.57%
2017 14.7% -3.9% 24.8% 60.00%
2016 5.9% -9.5% 26.8% 68.00%
2015 -6.5% -15.9% 1.4% 66.67%

NAV & Total Return History


Holdings

AGOCX - Holdings

Concentration Analysis

AGOCX Category Low Category High AGOCX % Rank
Net Assets 1.26 B 100 11.2 B 7.14%
Number of Holdings 62 17 350 57.14%
Net Assets in Top 10 388 M 5.95 M 388 M 3.57%
Weighting of Top 10 30.82% 14.6% 200.3% 57.14%

Top 10 Holdings

  1. Linde PLC 3.92%
  2. Prologis Inc 3.81%
  3. Iberdrola SA 3.26%
  4. Zurich Insurance Group AG 3.22%
  5. Enel SpA 2.96%
  6. JPMorgan Chase & Co 2.96%
  7. AXA SA 2.86%
  8. Procter & Gamble Co 2.74%
  9. GlaxoSmithKline PLC 2.61%
  10. Transurban Group 2.49%

Asset Allocation

Weighting Return Low Return High AGOCX % Rank
Stocks
96.43% 7.31% 99.91% 35.71%
Cash
2.19% 0.00% 26.68% 46.43%
Preferred Stocks
1.39% 0.00% 22.85% 28.57%
Other
0.00% 0.00% 30.25% 46.43%
Convertible Bonds
0.00% 0.00% 22.88% 60.71%
Bonds
0.00% 0.00% 65.68% 57.14%

Stock Sector Breakdown

Weighting Return Low Return High AGOCX % Rank
Financial Services
16.61% 0.00% 46.55% 35.71%
Utilities
13.04% 0.00% 13.04% 3.57%
Consumer Defense
12.59% 0.00% 39.26% 46.43%
Real Estate
9.80% 0.00% 9.80% 3.57%
Technology
9.60% 0.00% 31.48% 60.71%
Energy
8.33% 0.00% 11.42% 21.43%
Communication Services
7.89% 0.00% 15.57% 39.29%
Healthcare
6.91% 0.00% 18.28% 46.43%
Industrials
5.44% 5.44% 27.13% 96.43%
Basic Materials
5.21% 0.00% 6.24% 10.71%
Consumer Cyclical
4.58% 4.58% 29.47% 96.43%

Stock Geographic Breakdown

Weighting Return Low Return High AGOCX % Rank
Non US
51.04% 0.00% 112.38% 14.29%
US
45.39% -19.25% 76.66% 67.86%

Expenses

AGOCX - Expenses

Operational Fees

AGOCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.85% 0.35% 5.40% 28.13%
Management Fee 0.71% 0.20% 1.00% 46.51%
12b-1 Fee 1.00% 0.00% 1.00% 77.78%
Administrative Fee N/A 0.01% 0.95% N/A

Sales Fees

AGOCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 40.00%

Trading Fees

AGOCX 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.

AGOCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 77.00% 1.00% 403.00% 75.86%

Distributions

AGOCX - Distributions

Dividend Yield Analysis

AGOCX Category Low Category High AGOCX % Rank
Dividend Yield 0.53% 0.00% 19.26% 27.91%

Dividend Distribution Analysis

AGOCX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Quarterly

Net Income Ratio Analysis

AGOCX Category Low Category High AGOCX % Rank
Net Income Ratio 1.38% -0.24% 2.39% 53.13%

Capital Gain Distribution Analysis

AGOCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

AGOCX - Fund Manager Analysis

Managers

Shaun Hong


Start Date

Tenure

Tenure Rank

Jan 12, 2007

12.98

13.0%

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

Jan 12, 2007

12.98

13.0%

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 at Prudential Investments in 1997 after completing Prudential's investment management training program. He received a BA in government from Harvard University.

Warren Koontz


Start Date

Tenure

Tenure Rank

Dec 18, 2019

0.04

0.0%

Warren Koontz, Jr., CFA, is a managing director, the head of large cap value equity, and a large cap value portfolio manager. He joined Jennison Associates in September 2014. Prior to joining Jennison, Warren was a portfolio manager at Loomis, Sayles & Company for diversified and concentrated value strategies. Prior to joining Loomis, Sayles & Company in 1995, Warren was a senior portfolio manager at Comerica Bank. He also worked for three years as chief investment officer for The Jeffrey Company, a private investment firm. He began his investment career in 1984 at the Public Employees' Retirement System of Ohio as a securities analyst and later became an assistant investment officer. He received a BS in finance and an MBA from The Ohio State University. He is a Chartered Financial Analyst.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 28.01 5.26 0.08