JDURX: PGIM Jennison Utility R

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JDURX PGIM Jennison Utility R


Profile

JDURX - Profile

Vitals

  • YTD Return -1.1%
  • 3 Yr Annualized Return 2.2%
  • 5 Yr Annualized Return 1.0%
  • Net Assets $3.1 B
  • Holdings in Top 10 47.9%

52 WEEK LOW AND HIGH

$15.51
$10.99
$17.17

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.36%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 31.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jun 01, 2018
  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Utilities

Distributions

  • YTD Total Return -1.1%
  • 3 Yr Annualized Total Return 6.3%
  • 5 Yr Annualized Total Return 7.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.64%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    PGIM Jennison Utility Fund
  • Fund Family Name
    PGIM Funds (Prudential)
  • Inception Date
    Aug 22, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Shaun Hong

Fund Description

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. It is non-diversified.


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Categories

Performance

JDURX - Performance

Return Ranking - Trailing

Period JDURX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.1% -22.4% 0.0% 13.46%
1 Yr 2.6% -23.3% 19.3% 9.62%
3 Yr 2.2%* -13.1% 9.4% 22.45%
5 Yr 1.0%* -9.2% 6.9% 52.08%
10 Yr 5.1%* -8.7% 7.3% 47.62%

* Annualized

Return Ranking - Calendar

Period JDURX Return Category Return Low Category Return High Rank in Category (%)
2019 20.0% 1.6% 26.2% 26.92%
2018 -7.3% -18.9% 4.1% 69.39%
2017 9.1% -6.4% 13.4% 45.83%
2016 7.4% -0.4% 16.5% 52.08%
2015 -22.1% -27.8% -8.3% 93.62%

Total Return Ranking - Trailing

Period JDURX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.1% -22.4% 0.0% 13.46%
1 Yr 2.6% -23.3% 19.3% 9.62%
3 Yr 6.3%* -11.7% 10.7% 4.08%
5 Yr 7.2%* -8.7% 8.3% 16.67%
10 Yr 10.7%* -2.2% 10.7% 2.38%

* Annualized

Total Return Ranking - Calendar

Period JDURX Return Category Return Low Category Return High Rank in Category (%)
2019 20.0% 4.1% 26.2% 26.92%
2018 0.9% -18.9% 5.1% 44.90%
2017 13.6% -3.7% 17.9% 39.58%
2016 15.4% -0.4% 23.7% 33.33%
2015 -13.0% -27.8% -5.5% 59.57%

NAV & Total Return History


Holdings

JDURX - Holdings

Concentration Analysis

JDURX Category Low Category High JDURX % Rank
Net Assets 3.1 B 34.8 M 6.01 B 15.38%
Number of Holdings 43 25 291 67.31%
Net Assets in Top 10 1.48 B 15.6 M 2.84 B 15.38%
Weighting of Top 10 47.90% 21.5% 70.1% 38.46%

Top 10 Holdings

  1. NextEra Energy Inc 7.99%
  2. RWE AG 5.50%
  3. Dominion Energy Inc 5.14%
  4. FirstEnergy Corp 4.63%
  5. Cellnex Telecom SA 4.60%
  6. CMS Energy Corp 4.49%
  7. Ameren Corp 4.31%
  8. American Electric Power Co Inc 3.82%
  9. Entergy Corp 3.76%
  10. Orsted A/S 3.66%

Asset Allocation

Weighting Return Low Return High JDURX % Rank
Stocks
99.17% 80.73% 142.19% 36.54%
Cash
0.83% -42.19% 10.66% 42.31%
Preferred Stocks
0.00% 0.00% 3.41% 32.69%
Other
0.00% -19.06% 0.94% 5.77%
Convertible Bonds
0.00% 0.00% 0.00% 3.85%
Bonds
0.00% 0.00% 15.45% 28.85%

Stock Sector Breakdown

Weighting Return Low Return High JDURX % Rank
Utilities
82.79% 43.79% 100.00% 36.54%
Real Estate
6.99% 0.00% 7.82% 3.85%
Energy
5.59% 0.00% 22.12% 25.00%
Communication Services
4.63% 0.00% 35.76% 48.08%
Technology
0.00% 0.00% 4.55% 28.85%
Industrials
0.00% 0.00% 21.15% 26.92%
Healthcare
0.00% 0.00% 2.23% 23.08%
Financial Services
0.00% 0.00% 9.22% 26.92%
Consumer Defense
0.00% 0.00% 8.40% 21.15%
Consumer Cyclical
0.00% 0.00% 2.50% 15.38%
Basic Materials
0.00% 0.00% 5.08% 36.54%

Stock Geographic Breakdown

Weighting Return Low Return High JDURX % Rank
US
77.83% 37.77% 100.20% 67.31%
Non US
21.34% 0.00% 53.32% 28.85%

Expenses

JDURX - Expenses

Operational Fees

JDURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.36% 0.10% 3.20% 40.38%
Management Fee 0.42% 0.09% 1.00% 7.69%
12b-1 Fee 0.75% 0.00% 1.00% 73.33%
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 31.00% 3.00% 169.00% 50.00%

Distributions

JDURX - Distributions

Dividend Yield Analysis

JDURX Category Low Category High JDURX % Rank
Dividend Yield 0.00% 0.00% 7.59% 5.77%

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 1.64% 0.57% 3.22% 75.00%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

JDURX - Fund Manager Analysis

Managers

Shaun Hong


Start Date

Tenure

Tenure Rank

Sep 30, 2000

19.76

19.8%

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

15.26

15.3%

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.

Teresa Kim


Start Date

Tenure

Tenure Rank

Jan 31, 2013

7.42

7.4%

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 received a BA in economics from Wesleyan University and an MBA from New York University. She is a member of the CFA Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.5 21.51 9.02 6.17