JEIBX: PGIM Jennison Equity Income B

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JEIBX PGIM Jennison Equity Income B


Profile

JEIBX - Profile

Vitals

  • YTD Return -14.0%
  • 3 Yr Annualized Return -10.7%
  • 5 Yr Annualized Return -8.5%
  • Net Assets $955 M
  • Holdings in Top 10 32.7%

52 WEEK LOW AND HIGH

$10.60
$8.26
$13.67

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.01%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 77.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jun 23, 2014
  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style World Large Stock

Distributions

  • YTD Total Return -14.0%
  • 3 Yr Annualized Total Return -2.6%
  • 5 Yr Annualized Total Return -1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.23%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    PGIM Jennison Global Equity Income Fund
  • Fund Family Name
    PGIM Funds (Prudential)
  • Inception Date
    Apr 12, 2004
  • Shares Outstanding
    N/A
  • Share Class
    B
  • 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

JEIBX - Performance

Return Ranking - Trailing

Period JEIBX Return Category Return Low Category Return High Rank in Category (%)
YTD -14.0% -35.7% 64.2% 95.05%
1 Yr -19.2% -21.5% 90.3% 99.07%
3 Yr -10.7%* -42.4% 30.5% 98.00%
5 Yr -8.5%* -25.9% 26.1% 98.45%
10 Yr -0.5%* -9.6% 15.7% 96.08%

* Annualized

Return Ranking - Calendar

Period JEIBX Return Category Return Low Category Return High Rank in Category (%)
2019 7.6% -14.9% 45.5% 94.07%
2018 -25.3% -73.8% 5.4% 91.11%
2017 8.8% -76.0% 54.2% 88.67%
2016 4.3% -22.2% 28.3% 30.00%
2015 -16.6% -36.4% 17.2% 98.06%

Total Return Ranking - Trailing

Period JEIBX Return Category Return Low Category Return High Rank in Category (%)
YTD -14.0% -35.7% 64.2% 95.05%
1 Yr -19.2% -21.5% 90.3% 99.07%
3 Yr -2.6%* -32.6% 30.5% 87.98%
5 Yr -1.1%* -20.9% 26.2% 90.46%
10 Yr 5.8%* -9.6% 18.7% 69.02%

* Annualized

Total Return Ranking - Calendar

Period JEIBX Return Category Return Low Category Return High Rank in Category (%)
2019 7.6% -14.9% 45.5% 94.07%
2018 -7.8% -73.8% 5.4% 20.16%
2017 14.6% 1.4% 54.2% 85.19%
2016 5.9% -22.2% 29.2% 29.51%
2015 -6.4% -36.4% 18.6% 89.44%

NAV & Total Return History


Holdings

JEIBX - Holdings

Concentration Analysis

JEIBX Category Low Category High JEIBX % Rank
Net Assets 955 M 174 K 117 B 32.29%
Number of Holdings 62 24 9700 71.43%
Net Assets in Top 10 309 M -252 M 25.1 B 28.39%
Weighting of Top 10 32.70% 9.8% 65.6% 40.11%

Top 10 Holdings

  1. Prologis Inc 5.18%
  2. Linde PLC 3.67%
  3. Procter & Gamble Co 3.36%
  4. GlaxoSmithKline PLC 3.04%
  5. Zurich Insurance Group AG 3.00%
  6. Crown Castle International Corp 2.99%
  7. PepsiCo Inc 2.93%
  8. AstraZeneca PLC ADR 2.91%
  9. Apple Inc 2.87%
  10. Iberdrola SA 2.76%

Asset Allocation

Weighting Return Low Return High JEIBX % Rank
Stocks
94.80% 2.12% 100.38% 71.61%
Preferred Stocks
2.15% 0.00% 6.74% 1.28%
Other
1.64% -0.30% 20.43% 3.66%
Cash
1.40% -5.94% 89.42% 61.72%
Convertible Bonds
0.00% 0.00% 4.76% 82.97%
Bonds
0.00% -11.97% 19.43% 85.16%

Stock Sector Breakdown

Weighting Return Low Return High JEIBX % Rank
Consumer Defense
13.11% -1.09% 26.14% 14.13%
Financial Services
12.45% -3.32% 32.66% 71.01%
Technology
11.77% 3.47% 44.50% 91.56%
Utilities
11.21% -0.68% 11.38% 3.30%
Real Estate
10.90% -1.40% 8.72% 2.39%
Healthcare
10.14% -4.43% 26.41% 85.69%
Communication Services
6.99% -0.46% 67.67% 84.40%
Industrials
6.22% -5.03% 23.74% 84.59%
Energy
6.19% 0.00% 11.01% 2.57%
Basic Materials
5.58% -0.64% 13.19% 8.07%
Consumer Cyclical
5.44% 0.57% 54.49% 93.58%

Stock Geographic Breakdown

Weighting Return Low Return High JEIBX % Rank
US
47.97% -5.21% 79.29% 78.75%
Non US
46.83% -0.77% 86.53% 24.18%

Expenses

JEIBX - Expenses

Operational Fees

JEIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.01% 0.08% 44.68% 23.42%
Management Fee 0.71% 0.00% 1.75% 50.55%
12b-1 Fee 1.00% 0.00% 1.00% 95.47%
Administrative Fee N/A 0.01% 0.76% N/A

Sales Fees

JEIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.10% 5.75% N/A
Deferred Load 5.00% 1.00% 5.00% 2.94%

Trading Fees

JEIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.10% 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.

JEIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 77.00% 0.00% 995.00% 85.39%

Distributions

JEIBX - Distributions

Dividend Yield Analysis

JEIBX Category Low Category High JEIBX % Rank
Dividend Yield 0.00% 0.00% 7.74% 81.87%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

JEIBX Category Low Category High JEIBX % Rank
Net Income Ratio 1.23% -2.05% 7.25% 38.78%

Capital Gain Distribution Analysis

JEIBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Dividend Payout History

View More +

Fund Manager Analysis

JEIBX - Fund Manager Analysis

Managers

Shaun Hong


Start Date

Tenure

Tenure Rank

Jan 12, 2007

13.47

13.5%

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

Jan 12, 2007

13.47

13.5%

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.

Warren Koontz


Start Date

Tenure

Tenure Rank

Dec 18, 2019

0.53

0.5%

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 52.7 7.46 14.76