Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

PRUAX PGIM Jennison Utility A

  • Fund
  • PRUAX
  • Price as of: May 22, 2019
  • $14.84 + $0.08 + 0.54%
  • Category
  • Utilities Equities

PRUAX - Profile

Vitals

  • YTD Return 13.5%
  • 3 Yr Annualized Return 3.7%
  • 5 Yr Annualized Return -1.5%
  • Net Assets $3.24 B
  • Holdings in Top 10 45.0%

52 WEEK LOW AND HIGH

$14.84
$12.65
$14.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.83%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 39.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Utilities Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Utilities

Distributions

  • YTD Total Return 13.5%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return -1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.10%
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 Jan 22, 1990
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Shaun Hong

Fund Description

The Prudential Jennison Utility Fund Class A (PRUAX) is an actively managed fund that seeks to provide a high total return of dividends and capital appreciation by investing in the utilities sector. The fund’s managers use a wide variety of metrics that screen for both growth and value among natural gas, electricity and water utilities. PRUAX may also own telecoms and related utility services. The fund primarily invests in the U.S., however, it can and does own international utilities as well.

PRUAX is low-cost option, but given its narrow focus, it is best suited for investors with a wide core equity position already. The fund is managed by Jennison Associates.

PRUAX - Performance

Return Ranking - Trailing

Period PRUAX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.5% 2.9% 17.7% 36.36%
1 Yr 9.0% -3.8% 20.7% 72.73%
3 Yr 3.7%* -6.6% 8.8% 72.73%
5 Yr -1.5%* -8.6% 7.2% 81.40%
10 Yr 7.4%* -5.7% 9.2% 48.57%

* Annualized


Return Ranking - Calendar

Period PRUAX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.4% -15.8% 4.1% 81.82%
2017 9.1% -6.4% 16.5% 52.27%
2016 7.4% -0.4% 17.3% 54.55%
2015 -22.1% -40.3% -3.8% 88.64%
2014 7.4% -10.4% 22.8% 62.79%

Total Return Ranking - Trailing

Period PRUAX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.5% 2.9% 17.7% 54.55%
1 Yr 9.0% 1.0% 24.8% 86.36%
3 Yr 3.7%* -3.0% 11.0% 93.18%
5 Yr -1.5%* -1.9% 10.2% 95.35%
10 Yr 7.4%* 5.7% 13.9% 91.43%

* Annualized


Total Return Ranking - Calendar

Period PRUAX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.4% -15.8% 5.1% 95.45%
2017 9.1% 0.6% 20.3% 65.91%
2016 7.4% -0.4% 23.7% 84.09%
2015 -22.1% -22.2% -1.0% 95.45%
2014 7.4% 4.1% 23.5% 97.67%

NAV & Total Return History

PRUAX - Holdings

Concentration Analysis

PRUAX Category Low Category High PRUAX % Rank
Net Assets 3.24 B 40.8 M 6.31 B 45.45%
Number of Holdings 42 27 621 72.73%
Net Assets in Top 10 1.46 B 17.7 M 3.04 B 25.00%
Weighting of Top 10 44.97% 26.6% 71.7% 56.82%

Top 10 Holdings

  1. NextEra Energy Inc 6.74%

  2. Exelon Corp 5.07%

  3. American Electric Power Co Inc 4.65%

  4. Ameren Corp 4.50%

  5. DTE Energy Co 4.22%

  6. Dominion Energy Inc 4.17%

  7. CMS Energy Corp 4.17%

  8. FirstEnergy Corp 4.02%

  9. NiSource Inc 3.85%

  10. Entergy Corp 3.58%


Asset Allocation

Weighting Return Low Return High PRUAX % Rank
Stocks
98.82% 26.64% 99.92% 43.18%
Cash
1.18% 0.08% 7.95% 65.91%
Preferred Stocks
0.00% 0.00% 2.48% 100.00%
Other
0.00% -1.75% 1.99% 90.91%
Convertible Bonds
0.00% 0.00% 0.48% 100.00%
Bonds
0.00% 0.00% 68.27% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High PRUAX % Rank
Utilities
81.90% 0.82% 98.95% 45.45%
Energy
12.30% 0.00% 26.14% 36.36%
Communication Services
2.52% 0.00% 27.07% 61.36%
Real Estate
1.25% 0.00% 12.03% 15.91%
Technology
0.00% 0.00% 6.28% 100.00%
Industrials
0.00% 0.00% 13.32% 100.00%
Healthcare
0.00% 0.00% 4.29% 100.00%
Financial Services
0.00% 0.00% 16.28% 100.00%
Consumer Defense
0.00% 0.00% 1.69% 100.00%
Consumer Cyclical
0.00% 0.00% 3.44% 100.00%
Basic Materials
0.00% 0.00% 2.61% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High PRUAX % Rank
US
86.82% 23.73% 99.92% 63.64%
Non US
12.00% 0.00% 50.62% 45.45%

PRUAX - Expenses

Operational Fees

PRUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.83% 0.10% 2.37% 75.00%
Management Fee 0.43% 0.08% 1.00% 15.91%
12b-1 Fee 0.30% 0.00% 1.00% 53.33%
Administrative Fee N/A 0.03% 0.25% N/A

Sales Fees

PRUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 3.50% 5.75% 66.67%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PRUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 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.

PRUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 39.00% 1.00% 507.00% 68.18%

PRUAX - Distributions

Dividend Yield Analysis

PRUAX Category Low Category High PRUAX % Rank
Dividend Yield 0.01% 0.00% 0.11% 59.09%

Dividend Distribution Analysis

PRUAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Quarterly Monthly Quarterly

Dividend Payout History


Net Income Ratio Analysis

PRUAX Category Low Category High PRUAX % Rank
Net Income Ratio 2.10% 0.69% 3.68% 45.45%

Capital Gain Distribution Analysis

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

PRUAX - Managers

Shaun Hong

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2000

18.59

18.6%

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

Manager

Start Date

Tenure

Tenure Rank

Mar 31, 2005

14.09

14.1%

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.


Teresa Ho Kim

Manager

Start Date

Tenure

Tenure Rank

Jan 31, 2013

6.25

6.3%

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

0.17

Category High

27.22

Category Average

11.52

Category Mode

5.0