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PGNAX PGIM Jennison Natural Resources A

  • Fund
  • PGNAX
  • Price as of: Sep 17, 2019
  • $30.90 - $0.22 - 0.71%

PGNAX - Profile

Vitals

  • YTD Return 11.6%
  • 3 Yr Annualized Return -2.9%
  • 5 Yr Annualized Return -10.5%
  • Net Assets $695 M
  • Holdings in Top 10 30.3%

52 WEEK LOW AND HIGH

$30.90
$26.39
$39.24

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.24%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 27.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Natural Resources

Distributions

  • YTD Total Return 11.6%
  • 3 Yr Annualized Total Return -2.9%
  • 5 Yr Annualized Total Return -10.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.73%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name PGIM Jennison Natural Resources Fund
  • Fund Family Name PGIM Funds (Prudential)
  • Inception Date Jan 22, 1990
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Neil P. Brown

Fund Description

The Prudential Jennison Natural Resources Fund Class A (PGNAX) is a low-cost, actively managed fund that focuses on the basic materials sector. The fund owns both domestic and international stocks that explore, mine, process and develop natural resource commodities. These include hard assets such as crude oil, copper, corn and gold. PGNAX employs fundamental analysis to discover undervalued stocks in the natural resources sector. The fund has no market capitalization or weighting limits.

With its narrow focus on natural resources, PGNAX makes an ideal satellite position for investors worried about inflation. The fund is managed by Jennison Associates.

PGNAX - Performance

Return Ranking - Trailing

Period PGNAX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.6% -31.0% 39.5% 56.31%
1 Yr -17.4% -58.0% 51.5% 82.00%
3 Yr -2.9%* -25.7% 6.7% 65.96%
5 Yr -10.5%* -23.4% 5.8% 89.66%
10 Yr -3.1%* -9.6% 7.6% 42.25%

* Annualized


Return Ranking - Calendar

Period PGNAX Return Category Return Low Category Return High Rank in Category (%)
2018 -28.9% -46.3% -6.7% 84.85%
2017 5.0% -39.4% 19.1% 62.77%
2016 32.7% 3.4% 50.2% 45.56%
2015 -29.4% -31.0% 0.0% 92.13%
2014 -19.9% -23.4% 55.4% 89.53%

Total Return Ranking - Trailing

Period PGNAX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.6% -31.0% 39.5% 56.31%
1 Yr -17.4% -58.0% 51.5% 85.00%
3 Yr -2.9%* -25.7% 8.3% 77.66%
5 Yr -10.5%* -11.2% 6.8% 95.40%
10 Yr -3.1%* -5.5% 9.0% 64.79%

* Annualized


Total Return Ranking - Calendar

Period PGNAX Return Category Return Low Category Return High Rank in Category (%)
2018 -28.9% -46.3% -4.7% 87.88%
2017 5.0% -1.7% 22.7% 68.09%
2016 32.7% 4.1% 73.0% 47.78%
2015 -29.4% -31.0% 0.6% 93.26%
2014 -19.9% -20.7% 55.4% 94.19%

NAV & Total Return History

PGNAX - Holdings

Concentration Analysis

PGNAX Category Low Category High PGNAX % Rank
Net Assets 695 M 2.18 M 1.97 B 29.91%
Number of Holdings 72 17 143 26.17%
Net Assets in Top 10 228 M 178 K 1.11 B 42.06%
Weighting of Top 10 30.25% 14.6% 80.8% 94.39%

Top 10 Holdings

  1. Anglo American PLC 3.63%

  2. Barrick Gold Corp 3.35%

  3. Agnico Eagle Mines Ltd 3.34%

  4. TechnipFMC PLC 3.07%

  5. Noble Energy Inc 2.94%

  6. Concho Resources Inc 2.91%

  7. BP PLC ADR 2.88%

  8. Valero Energy Corp 2.83%

  9. EOG Resources Inc 2.65%

  10. Cheniere Energy Inc 2.64%


Asset Allocation

Weighting Return Low Return High PGNAX % Rank
Stocks
99.26% 19.96% 100.67% 30.84%
Cash
0.75% -0.67% 80.17% 59.81%
Preferred Stocks
0.00% 0.00% 0.00% 6.54%
Other
0.00% -1.01% 22.33% 24.30%
Convertible Bonds
0.00% 0.00% 0.25% 10.28%
Bonds
0.00% 0.00% 2.74% 15.89%

Stock Sector Breakdown

Weighting Return Low Return High PGNAX % Rank
Energy
52.93% 0.00% 78.94% 28.97%
Basic Materials
36.57% -0.71% 99.67% 66.36%
Industrials
4.38% 0.00% 47.76% 27.10%
Technology
2.85% 0.00% 6.43% 7.48%
Utilities
1.85% 0.00% 30.37% 14.95%
Real Estate
0.68% 0.00% 0.85% 4.67%
Healthcare
0.00% 0.00% 12.56% 18.69%
Financial Services
0.00% -0.01% 0.93% 8.41%
Communication Services
0.00% 0.00% 3.81% 8.41%
Consumer Defense
0.00% -0.32% 10.30% 25.23%
Consumer Cyclical
0.00% 0.00% 6.68% 42.99%

Stock Geographic Breakdown

Weighting Return Low Return High PGNAX % Rank
US
54.35% 3.09% 94.98% 31.78%
Non US
44.91% 0.34% 95.50% 66.36%

PGNAX - Expenses

Operational Fees

PGNAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.24% 0.47% 11.69% 55.34%
Management Fee 0.73% 0.46% 1.25% 35.51%
12b-1 Fee 0.30% 0.00% 1.00% 54.29%
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

PGNAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 2.50% 5.75% 44.00%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PGNAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.05% 2.00% N/A

Turnover 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.

PGNAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 6.00% 528.00% 39.25%

PGNAX - Distributions

Dividend Yield Analysis

PGNAX Category Low Category High PGNAX % Rank
Dividend Yield 1.43% 0.00% 3.17% 28.04%

Dividend Distribution Analysis

PGNAX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Annually Annually

Dividend Payout History


Net Income Ratio Analysis

PGNAX Category Low Category High PGNAX % Rank
Net Income Ratio 0.73% -2.27% 2.21% 43.69%

Capital Gain Distribution Analysis

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

PGNAX - Managers

Neil P. Brown

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2006

13.09

13.1%

Neil P. Brown, CFA, is a managing director and a global natural resources equity portfolio manager and research analyst. He joined Jennison Associates in November 2005. He worked on the North American oil and gas exploration and production team as an equity research associate/analyst at Deutsche Bank Securities from 2000 to 2005. Prior to joining Deutsche Bank, Neil worked at Donaldson, Lufkin & Jenrette as a research associate covering the exploration and production sector. Neil also worked as an analyst in Metropolitan Life Insurance Company's institutional finance department from 1997 to 2000. He received a BA in mathematics and history from Duke University and is a member of the New York Society of Securities Analysts.


John "Jay" Saunders

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2006

13.09

13.1%

Jay Saunders is a managing director and a global natural resources equity portfolio manager and equity research analyst. He joined Jennison Associates in October 2005. Previously, he was on the global oil team as a vice president at Deutsche Bank Securities from 2000 to 2005, covering North American integrated oils, independent refiners, and exploration and production companies. From 1997 to 2000, Jay worked at the Energy Intelligence Group and became the managing editor for the Oil Market Intelligence newsletter, reporting on a broad range of energy topics. From 1994 to 1997, Jay was with Hart Publications/The Oil Daily Co. where he was an associate editor responsible for oil-related publications. He received a BA from the College of William and Mary and a masters in communication, print journalism from American University. Jay was ranked the number one refiners analyst by Zacks Investment Research in 2005.


Tenure Analysis

Category Low

0.25

Category High

31.59

Category Average

8.94

Category Mode

13.09