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

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

Shauna O'Brien

|

Prudential investments logo
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

2010 2011 2012 2013 YTD
14.44% 7.92% 13.24% 26.22% 18.38%
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.

Symbol Stock Portfolio Weight Dividend Yield
WMB Williams Companies 3.82% 4.60%
TRGP Targa Resources Corp 3.78% 2.43%
ETE Energy Transfer Equity LP 3.76% 3.07%
EIX Edison International 3.06% 2.38%
SRE Sempra Energy 3.04% 2.60%

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.

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Prudential investments logo

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

Shauna O'Brien

|

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

2010 2011 2012 2013 YTD
14.44% 7.92% 13.24% 26.22% 18.38%
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.

Symbol Stock Portfolio Weight Dividend Yield
WMB Williams Companies 3.82% 4.60%
TRGP Targa Resources Corp 3.78% 2.43%
ETE Energy Transfer Equity LP 3.76% 3.07%
EIX Edison International 3.06% 2.38%
SRE Sempra Energy 3.04% 2.60%

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.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Read Next

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