PRUAX: PGIM Jennison Utility A

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PRUAX PGIM Jennison Utility A

  • Fund
  • PRUAX
  • Price as of: Dec 12, 2019
  • $15.74
    - $0.11 - 0.69%

Profile

PRUAX - Profile

Vitals

  • YTD Return 20.4%
  • 3 Yr Annualized Return 4.9%
  • 5 Yr Annualized Return -0.8%
  • Net Assets $3.4 B
  • Holdings in Top 10 44.1%

52 WEEK LOW AND HIGH

$15.74
$12.65
$16.10

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) $1,000
  • IRA $1,000

Fund Classification

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

Distributions

  • YTD Total Return 20.4%
  • 3 Yr Annualized Total Return 4.9%
  • 5 Yr Annualized Total Return -0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.10%
DIVIDENDS
  • Dividend Yield 0.4%
  • 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.


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Categories

Performance

PRUAX - Performance

Return Ranking - Trailing

Period PRUAX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.4% 0.2% 23.0% 9.26%
1 Yr 5.4% -7.0% 17.1% 68.52%
3 Yr 4.9%* -7.5% 16.5% 70.59%
5 Yr -0.8%* -7.5% 10.5% 78.43%
10 Yr 5.8%* -7.4% 13.5% 51.16%

* Annualized

Return Ranking - Calendar

Period PRUAX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.4% -18.9% 4.1% 72.55%
2017 9.1% -6.4% 13.4% 48.00%
2016 7.4% -0.4% 16.5% 54.00%
2015 -22.1% -27.8% -8.3% 87.76%
2014 7.4% -10.4% 22.8% 65.31%

Total Return Ranking - Trailing

Period PRUAX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.4% 2.6% 23.0% 9.26%
1 Yr 5.4% -3.5% 17.1% 72.22%
3 Yr 4.9%* -3.9% 16.5% 78.43%
5 Yr -0.8%* -3.7% 10.5% 90.20%
10 Yr 5.8%* -0.6% 13.5% 88.37%

* Annualized

Total Return Ranking - Calendar

Period PRUAX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.4% -18.9% 5.1% 84.31%
2017 9.1% -3.7% 17.9% 62.00%
2016 7.4% -0.4% 23.7% 82.00%
2015 -22.1% -27.8% -5.5% 93.88%
2014 7.4% -1.9% 23.5% 93.88%

NAV & Total Return History


Holdings

PRUAX - Holdings

Concentration Analysis

PRUAX Category Low Category High PRUAX % Rank
Net Assets 3.4 B 50.7 M 6.78 B 40.74%
Number of Holdings 47 30 255 62.96%
Net Assets in Top 10 1.54 B 24 M 3.33 B 24.07%
Weighting of Top 10 44.09% 14.3% 65.8% 59.26%

Top 10 Holdings

  1. NextEra Energy Inc 7.03%
  2. American Electric Power Co Inc 4.80%
  3. CMS Energy Corp 4.44%
  4. Ameren Corp 4.33%
  5. FirstEnergy Corp 4.28%
  6. Entergy Corp 4.16%
  7. Dominion Energy Inc 4.10%
  8. RWE AG 4.07%
  9. DTE Energy Co 3.52%
  10. Sempra Energy 3.36%

Asset Allocation

Weighting Return Low Return High PRUAX % Rank
Stocks
98.27% 80.29% 139.14% 59.26%
Cash
1.74% -39.14% 19.12% 35.19%
Preferred Stocks
0.00% 0.00% 3.41% 85.19%
Other
0.00% -18.60% 0.94% 57.41%
Convertible Bonds
0.00% 0.00% 0.70% 79.63%
Bonds
0.00% 0.00% 16.12% 81.48%

Stock Sector Breakdown

Weighting Return Low Return High PRUAX % Rank
Utilities
81.57% 30.14% 98.68% 42.59%
Energy
9.60% 0.00% 50.52% 42.59%
Real Estate
4.42% 0.00% 5.84% 16.67%
Communication Services
2.64% 0.00% 30.03% 61.11%
Technology
0.00% 0.00% 3.42% 74.07%
Industrials
0.00% 0.00% 21.45% 74.07%
Healthcare
0.00% 0.00% 2.90% 72.22%
Financial Services
0.00% 0.00% 8.18% 74.07%
Consumer Defense
0.00% 0.00% 5.44% 72.22%
Consumer Cyclical
0.00% 0.00% 5.62% 72.22%
Basic Materials
0.00% 0.00% 7.28% 75.93%

Stock Geographic Breakdown

Weighting Return Low Return High PRUAX % Rank
US
79.73% 41.21% 104.14% 75.93%
Non US
18.54% 0.00% 58.88% 37.04%

Expenses

PRUAX - Expenses

Operational Fees

PRUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.83% 0.10% 4.18% 72.22%
Management Fee 0.43% 0.08% 1.00% 18.52%
12b-1 Fee 0.30% 0.00% 1.00% 56.25%
Administrative Fee N/A 0.04% 0.26% 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% 60.00%
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

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% 390.00% 72.22%

Distributions

PRUAX - Distributions

Dividend Yield Analysis

PRUAX Category Low Category High PRUAX % Rank
Dividend Yield 0.43% 0.00% 7.48% 68.52%

Dividend Distribution Analysis

PRUAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Semi-Annually Quarterly Quarterly

Net Income Ratio Analysis

PRUAX Category Low Category High PRUAX % Rank
Net Income Ratio 2.10% 0.74% 3.22% 59.26%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PRUAX - Fund Manager Analysis

Managers

Shaun Hong


Start Date

Tenure

Tenure Rank

Sep 30, 2000

19.18

19.2%

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

14.68

14.7%

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


Start Date

Tenure

Tenure Rank

Jan 31, 2013

6.83

6.8%

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
0.13 20.93 8.82 5.59