The Fund seeks long-term capital appreciation by investing primarily in larger-cap stocks believed to have sustainable, above-market growth in revenues, earnings, and cash flows at valuations comparable to the market.
See quarterly PDF version of this Fund Fact Sheet. |
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| Class | A | B | C | A | B | C | |
| Year-to-Date | N/A | N/A | N/A | -10.69 | -11.20 | -11.06 | -7.19 |
| 1-Year | -4.60 | -4.83 | -0.83 | 0.95 | 0.17 | 0.17 | 3.88 |
| 3-Year | -7.31 | -7.02 | -6.24 | -5.55 | -6.24 | -6.24 | -7.60 |
| 5-Year | -1.45 | -1.25 | -1.09 | -0.33 | -1.09 | -1.09 | -0.96 |
| 10-Year | -7.20 | -7.36 | -7.36 | -6.67 | -7.36 | -7.36 | -4.53 |
| Since Incpt. | -3.09 | -3.31 | -3.31 | -2.58 | -3.31 | -3.31 | -1.73 |
Total return describes the return to the investor before any sales charges are imposed. Lipper average is unmanaged, is based on the average return of all funds in this category, and does not take into consideration applicable sales charges. Unless noted otherwise, Lipper averages and index returns reflect performance beginning the closest month-end date to the Fund's inception. Benchmark since inception average is based on Class A inception date. SEC standardized return describes the return to the investor after maximum sales charges are imposed. All returns assume share price changes, as well as the compounding effect of reinvested dividends and capital gains. Returns may reflect fee waivers and/or expense reimbursements. Without such, returns would be lower.
Inception: Class A, B, and C, 11/3/1999.
Objective: Seeks long-term capital appreciation. There can be no assurance that the Fund's objective will be achieved.
Dividends: Paid annually, if any.
Capital Gains: Paid annually, if any.
The following information is as of 7/31/2010 and is subject to change.
Total Net Assets: $214 million
| Apple Computer | 4.6 % |
| Microsoft | 4.5 |
| Amazon | 3.2 |
| JPMorgan Chase | 3.1 |
| IBM | 2.8 |
| Goldman Sachs | 2.7 |
| Walt Disney | 2.6 |
| Hewlett-Packard | 2.4 |
| Gilead Sciences | 2.1 |
| United Technologies | 1.6 |
| Top Ten (of 89) | 29.6% |
| Information Technology | 23.7 % |
| Financials | 16.9 |
| Consumer Discretionary | 15.0 |
| Healthcare | 11.7 |
| Industrials | 10.7 |
| Energy | 7.6 |
| Consumer Staples | 6.9 |
| Utilities | 3.4 |
| Other | 2.7 |
| Cash & Equivalents | 1.4 |
| Computer Systems/Peripherals | 8.1 % |
| Capital Markets | 7.1 |
| Oil, Gas & Consumable Fuels | 6.2 |
| Software | 5.7 |
| IT Services | 5.4 |
| Average Weighted Market Capitalization ($mil) | 67,047.4 |
| Beta (3 Year) | 0.92 |
| P/E Ratio | 20.2 |
| Standard Deviation (3 Year) | 19.69 |
| Turnover Ratio (%) | 56 |
All data is unaudited and subject to change.
The Fund may invest in foreign securities, which are subject to currency fluctuation and political uncertainty; short sales, which involve costs and the risk of potentially unlimited losses; leveraging, which may magnify losses; and derivative securities, which may carry market, credit, and liquidity risks. These risks may result in greater share price volatility. There is no assurance the Fund's objective will be achieved.
Average weighted market capitalization is the average market capitalization of stocks in a fund, each weighted by its proportion of assets. Beta measures a fund's sensitivity to changes in the overall market relative to its benchmark. The P/E ratio (Source: Morningstar, Inc.) relates the price of a stock to the per-share earnings of the company. P/E is calculated using a harmonic weighted average, which excludes outliers that can easily skew results. Standard deviation depicts how widely returns vary around its average and is used to understand the range of returns most likely for a given fund. A higher standard deviation generally implies greater volatility. Turnover (12-month) is the rate of trading in a portfolio, higher values imply more frequent trading. Beta is benchmarked against the S&P 500, an unmanaged index, which is a broad indicator of domestic stock price movements. An investment cannot be made directly in an index. Due to data availability, statistics may not be as of the current reporting period.
Source: Prudential Investment Management, Inc. (PIM), Jennison Associates (both Prudential Financial companies), and Lipper Inc.
Source of Sector classification: S&P/MSCI.
*This figure is comprised of companies that have been classified by S&P/MSCI GICS or classified by Jennison Associates LLC. Companies classified by Jennison Associates LLC are not sponsored by the S&P/MSCI GICS classification system.
Jennison Associates is one of the nation's leading managers of growth, value, blend, and specialty equity strategies. It has earned a reputation for excellence by fulfilling the needs of clients for more than 40 years. Michael Del Balso, Mehdi Mahmud, Kathleen McCarragher, Blair Boyer, and Jason McManus are the portfolio managers for the Prudential Jennison Conservative Growth Fund.
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Michael Del Balso is managing director, director of research for Growth Equity, and Large Cap Growth equity portfolio manager. He joined Jennison Associates in 1972 as a research analyst, and has been director of research for growth equity since 1994. He became a portfolio manager in 1999. Michael joined Jennison after four years at White, Weld & Company where he was a vice president, and followed growth companies with emphasis on the consumer area. He is a graduate of Yale University and received an M.B.A. from Columbia University. Michael is a member of the New York Society of Security Analysts.
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Mehdi Mahmud is vice chairman and chief operating officer with Jennison, which he joined in March 2003. He is responsible for the investment supervision of Value, Blend, and Small Cap and the management of the Jennison Fundamental Alpha long/short strategies, as well as the day-to-day oversight of key support areas, including institutional and retail distribution strategy. Prior to joining Jennison, Mehdi was with Credit Suisse Asset Management (CSAM) from 1999 to 2003. At Credit Suisse, he was director of investment management and a member of the global investment business committee overseeing CSAM's investment capabilities worldwide, reporting to the global chief investment officer. From 1995 to 1999, Mehdi was with J.P. Morgan Investment Management as a portfolio manager for $4 billion in global balanced assets. While at J.P. Morgan, he conducted research relating to quantitative global macro trading models. Mehdi received a B.S. in electrical engineering from Yale University.
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Kathleen A. McCarragher is a managing director, head of growth equity, and Large Cap Growth Equity portfolio manager. She joined Jennison Associates as an executive vice president and portfolio manager in May 1998, and was appointed head of growth equity in 2003. Prior to Jennison, Kathleen spent six years with Weiss, Peck & Greer where she was a managing director and the director of large cap growth equities. In addition, she spent 10 years with State Street Research and Management Company, initially as a research analyst responsible for healthcare, transports, and financials, and then as a portfolio manager and member of the Investment Committee. Kathleen graduated summa cum laude from the University of Wisconsin with a B.B.A. and received an M.B.A. from Harvard Business School. She is a member of the Board of Advisors for the Appalachian Mountain Club and the Board of Trustees for The Gateway School.
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Blair Boyer is a managing director and Large Cap Growth/Blend Equity portfolio manager. He joined Jennison in 1993 after 10 years with Arnhold & S. Bleichroeder, Inc. In January 2003, Blair joined the growth equity team after co-managing international equity portfolios, where he managed the Jennison International Growth Fund. Prior to managing international equity portfolios at Bleichroder, he was a research analyst and later a senior portfolio manager in the Verus Capital division. Blair graduated from Bucknell University with a B.A. in economics and received an M.B.A. in finance from New York University.
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Jason McManus is a vice president with Jennison, which he joined in July 1997. Since July 2003, Mr. McManus has worked on Jennison's quantitative research team. Prior to 2003, he worked as a research associate on Jennison's international equity team. Mr. McManus earned a B.S. in Economics and Computer Science from the University at Albany and received his M.B.A. in Quantitative Finance from New York University.
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Prudential Jennison Conservative Growth Fund:
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