Fund of the Week: Prudential Jennison Utility Fund (PRUAX)

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

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

Prudential investments logo

News

Fund of the Week: Prudential Jennison Utility Fund (PRUAX)

Shauna O'Brien Oct 15, 2014

As investors flock towards safer, yield-friendly investments, we have chosen Prudential Jennison Utility Fund (PRUAX) to be the fund of the week for October 15.

This fund focuses on the utility sector and currently has $3.6 billion in assets under management (AUM).


Inside the Fund

The Prudential Jennison Utility Fund (PRUAX) was launched in January 1990 and is currently managed by Shaun Hong, Ubong Edemeka and Teresa Ho Kim. Nearly 60% of this fund is composed of utility stocks and around 28% of its portfolio is compiled of energy stock holdings. This can be considered a yield focused fund. Currently, its dividend yield is approximately 2.60%.

The fund focuses primarily on holdings based in the Americas (93%), although it does have small stakes in Europe and Asia.

It’s also notable that the fund is fully invested – with just less than 1% of its portfolio in cash.

Historical Performance

Prudential Jennison Utility Fund’s Largest Holdings

The fund’s top five holdings represent over 17% of its total portfolio. Although this is a utility-focused fund, the top three holdings are energy stocks.


The Bottom Line

With uncertainty in the markets and interest rates trending downward, investors have been entering positions in the utility sector. The Prudential Jennison Utility Fund is a solid choice for mutual fund investors seeking the diversification of a mutual fund, while still gaining exposure to the utility sector.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Please Enter Your Email
Please Select Your Advisor Type

Popular Articles

Download Our Free Report

Why 30 trillion is invested in mutual funds book