PGIM Jennison Utility Fund
Fund
JDURX
Price as of:
$17.30
- $0.11
- 0.63%
Primary Theme
fund company
Name
As of 11/22/2024Price
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
35.2%
1 yr return
37.6%
3 Yr Avg Return
10.4%
5 Yr Avg Return
9.9%
Net Assets
$3.36 B
Holdings in Top 10
57.2%
52 WEEK LOW AND HIGH
$17.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.36%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 38.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/22/2024Price
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
JDURX - Profile
Distributions
- YTD Total Return 35.2%
- 3 Yr Annualized Total Return 10.4%
- 5 Yr Annualized Total Return 9.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.78%
- Dividend Yield 1.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NamePGIM Jennison Utility Fund
-
Fund Family NamePrudential
-
Inception DateSep 11, 2006
-
Shares OutstandingN/A
-
Share ClassR
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerShaun Hong
Fund Description
The Fund seeks investments whose prices will increase as well as pay the Fund dividends and other income. The Fund normally invests at least 80% of its investable assets in equity and equity-related and investment-grade debt securities of utility companies. The term “investable assets” refers to the Fund's net assets plus any borrowings for investment purposes. The Fund's investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. The Fund concentrates investments in utility companies, based on the Global Industry Classification Standard (“GICS”) Industry classifications, as they may be amended from time to time, which includes electric utilities, gas utilities, water utilities, multi-utilities, independent power and renewable electricity producers, diversified telecommunication services, wireless telecommunication services, and GICS subindustry, oil & gas storage & transportation.The Fund buys equity and equity-related securities, including common stocks; nonconvertible preferred stocks; convertible securities—like bonds, corporate notes and preferred stocks—that can convert into the company's common stock, the cash value of common stock, or some other equity security; American Depositary Receipts (“ADRs”); warrants and rights that can be exercised to obtain stocks; equity securities of real estate investment trusts (“REITs”); investments in various types of business ventures, including partnerships and joint ventures; master limited partnerships (“MLPs”); and similar securities. The Fund invests in companies of any market capitalization.The Fund’s investment in debt securities, including corporate and government bonds, is generally limited to those rated investment-grade by a major rating service (such as BBB or above by S&P Global Ratings (“S&P”) or Baa or above by Moody's Investors Service, Inc. (“Moody's”)) or, if not rated, to those the subadviser believes are of comparable quality.The Fund may invest up to 50% of its investable assets in foreign securities.The Fund participates in the initial public offering (“IPO”) market.The subadviser looks for stocks of companies that it believes will produce both above-average earnings and dividend growth over the long term. In deciding which stocks to buy, the subadviser uses a total return approach. That is, the subadviser seeks to invest in stocks that it believes have the potential to generate stable and increasing cash-flow that can be returned to investors through growing dividends or share repurchases. The subadviser also invests in stocks that it believes are undervalued, given the company’s earnings, cash-flows, or asset values, and may look for catalysts that will help unlock inherent value. A number of conditions can warrant the sale of an existing position, including (1) the stock has reached its price target; (2) subsequent events invalidate the subadviser’s investment thesis; (3) the catalysts it expected to narrow the gap between the stock price and what it believes to be the true worth of the company have passed or no longer exist; or (4) the stock price declines to below what the subadviser had thought to be the reasonable worst-case scenario.The Fund is “non-diversified” for purposes of the Investment Company Act of 1940 (the “1940 Act”), which means that it can invest a greater percentage of its assets in fewer issuers than a “diversified” fund.
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JDURX - Performance
Return Ranking - Trailing
| Period | JDURX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 35.2% | 4.3% | 58.2% | 20.34% |
| 1 Yr | 37.6% | 8.7% | 61.3% | 20.34% |
| 3 Yr | 10.4%* | -7.8% | 18.5% | 34.48% |
| 5 Yr | 9.9%* | -7.5% | 14.2% | 25.86% |
| 10 Yr | 8.3%* | -0.9% | 10.5% | 39.22% |
* Annualized
Return Ranking - Calendar
| Period | JDURX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -12.4% | -20.0% | 0.8% | 84.48% |
| 2022 | -7.8% | -21.0% | 3.5% | 72.41% |
| 2021 | 0.4% | 0.2% | 26.5% | 89.66% |
| 2020 | 1.8% | -18.4% | 8.1% | 12.07% |
| 2019 | 20.0% | 7.0% | 26.2% | 31.58% |
Total Return Ranking - Trailing
| Period | JDURX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 35.2% | 4.3% | 58.2% | 20.34% |
| 1 Yr | 37.6% | 8.7% | 61.3% | 20.34% |
| 3 Yr | 10.4%* | -7.8% | 18.5% | 34.48% |
| 5 Yr | 9.9%* | -7.5% | 14.2% | 25.86% |
| 10 Yr | 8.3%* | -0.9% | 10.5% | 39.22% |
* Annualized
Total Return Ranking - Calendar
| Period | JDURX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -4.1% | -19.5% | 3.4% | 48.28% |
| 2022 | -0.3% | -19.7% | 19.1% | 70.69% |
| 2021 | 14.6% | 5.6% | 30.1% | 60.34% |
| 2020 | 3.9% | -18.1% | 9.0% | 32.76% |
| 2019 | 26.6% | 9.7% | 29.4% | 21.05% |
NAV & Total Return History
JDURX - Holdings
Concentration Analysis
| JDURX | Category Low | Category High | JDURX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.36 B | 14.9 M | 11.9 B | 18.64% |
| Number of Holdings | 31 | 19 | 220 | 77.97% |
| Net Assets in Top 10 | 1.81 B | 5.45 M | 8.18 B | 16.95% |
| Weighting of Top 10 | 57.17% | 22.9% | 72.8% | 22.03% |
Top 10 Holdings
- NextEra Energy Inc 14.19%
- PGE Corp 6.71%
- Constellation Energy Corp 6.31%
- Vistra Corp 5.09%
- PPL Corp 4.31%
- Sempra 4.30%
- NiSource Inc 4.16%
- Southern Co/The 4.14%
- CMS Energy Corp 4.11%
- CenterPoint Energy Inc 3.84%
Asset Allocation
| Weighting | Return Low | Return High | JDURX % Rank | |
|---|---|---|---|---|
| Stocks | 98.94% | 0.00% | 115.46% | 66.10% |
| Cash | 1.06% | -15.47% | 27.31% | 30.51% |
| Preferred Stocks | 0.00% | 0.00% | 0.03% | 3.39% |
| Other | 0.00% | -33.23% | 0.81% | 33.90% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 1.69% |
| Bonds | 0.00% | 0.00% | 99.77% | 10.17% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | JDURX % Rank | |
|---|---|---|---|---|
| Utilities | 86.55% | 50.08% | 100.00% | 61.02% |
| Energy | 12.32% | 0.00% | 26.40% | 8.47% |
| Communication Services | 1.13% | 0.00% | 47.17% | 40.68% |
| Technology | 0.00% | 0.00% | 6.09% | 47.46% |
| Real Estate | 0.00% | 0.00% | 13.29% | 28.81% |
| Industrials | 0.00% | 0.00% | 27.59% | 50.85% |
| Healthcare | 0.00% | 0.00% | 3.34% | 15.25% |
| Financial Services | 0.00% | 0.00% | 4.98% | 22.03% |
| Consumer Defense | 0.00% | 0.00% | 0.56% | 13.56% |
| Consumer Cyclical | 0.00% | 0.00% | 2.09% | 10.17% |
| Basic Materials | 0.00% | 0.00% | 4.68% | 13.56% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | JDURX % Rank | |
|---|---|---|---|---|
| US | 92.83% | 0.00% | 100.35% | 64.41% |
| Non US | 6.11% | 0.00% | 46.32% | 32.20% |
JDURX - Expenses
Operational Fees
| JDURX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.36% | 0.08% | 2.43% | 30.51% |
| Management Fee | 0.43% | 0.03% | 1.00% | 18.64% |
| 12b-1 Fee | 0.75% | 0.00% | 1.00% | 77.42% |
| Administrative Fee | N/A | 0.04% | 0.26% | N/A |
Sales Fees
| JDURX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| JDURX 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.
| JDURX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 38.00% | 3.00% | 175.00% | 73.21% |
JDURX - Distributions
Dividend Yield Analysis
| JDURX | Category Low | Category High | JDURX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.02% | 0.00% | 9.34% | 6.78% |
Dividend Distribution Analysis
| JDURX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
| JDURX | Category Low | Category High | JDURX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.78% | 0.31% | 3.10% | 94.92% |
Capital Gain Distribution Analysis
| JDURX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 20, 2024 | $0.045 | OrdinaryDividend |
| Jun 14, 2024 | $0.061 | OrdinaryDividend |
| Mar 15, 2024 | $0.055 | OrdinaryDividend |
| Dec 15, 2023 | $0.046 | OrdinaryDividend |
| Dec 15, 2023 | $1.000 | CapitalGainLongTerm |
| Sep 15, 2023 | $0.065 | OrdinaryDividend |
| Jun 16, 2023 | $0.080 | OrdinaryDividend |
| Mar 17, 2023 | $0.044 | OrdinaryDividend |
| Dec 16, 2022 | $1.031 | OrdinaryDividend |
| Sep 16, 2022 | $0.043 | OrdinaryDividend |
| Jun 17, 2022 | $0.062 | OrdinaryDividend |
| Mar 18, 2022 | $0.059 | OrdinaryDividend |
| Dec 20, 2021 | $2.075 | OrdinaryDividend |
| Sep 17, 2021 | $0.041 | OrdinaryDividend |
| Jun 18, 2021 | $0.004 | OrdinaryDividend |
| Mar 19, 2021 | $0.072 | OrdinaryDividend |
| Dec 18, 2020 | $0.128 | OrdinaryDividend |
| Sep 18, 2020 | $0.068 | OrdinaryDividend |
| Jun 19, 2020 | $0.014 | OrdinaryDividend |
| Mar 20, 2020 | $0.078 | OrdinaryDividend |
| Dec 24, 2019 | $0.028 | OrdinaryDividend |
| Dec 24, 2019 | $0.620 | CapitalGainLongTerm |
| Sep 20, 2019 | $0.063 | OrdinaryDividend |
| Jun 21, 2019 | $0.075 | OrdinaryDividend |
| Mar 22, 2019 | $0.059 | OrdinaryDividend |
| Dec 24, 2018 | $0.057 | OrdinaryDividend |
| Dec 24, 2018 | $0.889 | CapitalGainLongTerm |
| Sep 21, 2018 | $0.053 | OrdinaryDividend |
| Jun 22, 2018 | $0.081 | OrdinaryDividend |
| Mar 23, 2018 | $0.078 | OrdinaryDividend |
| Dec 26, 2017 | $0.055 | OrdinaryDividend |
| Dec 26, 2017 | $0.327 | CapitalGainLongTerm |
| Sep 22, 2017 | $0.074 | OrdinaryDividend |
| Jun 23, 2017 | $0.048 | OrdinaryDividend |
| Mar 24, 2017 | $0.060 | OrdinaryDividend |
| Dec 23, 2016 | $0.021 | OrdinaryDividend |
| Dec 23, 2016 | $0.749 | CapitalGainLongTerm |
| Sep 23, 2016 | $0.056 | OrdinaryDividend |
| Jun 17, 2016 | $0.111 | OrdinaryDividend |
| Mar 18, 2016 | $0.024 | OrdinaryDividend |
| Dec 18, 2015 | $0.047 | OrdinaryDividend |
| Dec 18, 2015 | $1.233 | CapitalGainLongTerm |
| Sep 18, 2015 | $0.035 | OrdinaryDividend |
| Jun 19, 2015 | $0.050 | OrdinaryDividend |
| Mar 20, 2015 | $0.047 | OrdinaryDividend |
| Dec 19, 2014 | $0.062 | OrdinaryDividend |
| Dec 19, 2014 | $1.531 | CapitalGainLongTerm |
| Sep 19, 2014 | $0.050 | OrdinaryDividend |
| Jun 20, 2014 | $0.054 | OrdinaryDividend |
| Mar 21, 2014 | $0.126 | OrdinaryDividend |
| Dec 20, 2013 | $0.090 | OrdinaryDividend |
| Dec 20, 2013 | $0.177 | CapitalGainLongTerm |
| Sep 20, 2013 | $0.040 | OrdinaryDividend |
| Jun 21, 2013 | $0.225 | OrdinaryDividend |
| Mar 22, 2013 | $0.045 | OrdinaryDividend |
| Dec 21, 2012 | $0.113 | OrdinaryDividend |
| Sep 21, 2012 | $0.049 | OrdinaryDividend |
| Jun 22, 2012 | $0.068 | OrdinaryDividend |
| Mar 23, 2012 | $0.046 | OrdinaryDividend |
| Dec 16, 2011 | $0.048 | OrdinaryDividend |
| Sep 16, 2011 | $0.061 | OrdinaryDividend |
| Jun 17, 2011 | $0.052 | OrdinaryDividend |
| Mar 18, 2011 | $0.071 | OrdinaryDividend |
| Dec 17, 2010 | $0.055 | OrdinaryDividend |
| Sep 17, 2010 | $0.060 | OrdinaryDividend |
| Jun 18, 2010 | $0.038 | OrdinaryDividend |
| Mar 19, 2010 | $0.054 | OrdinaryDividend |
JDURX - Fund Manager Analysis
Managers
Shaun Hong
Start Date
Tenure
Tenure Rank
Sep 30, 2000
21.68
21.7%
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
Mar 31, 2005
17.18
17.2%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 23.43 | 10.23 | 8.09 |