PGIM Jennison Utility B
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-10.7%
1 yr return
-8.3%
3 Yr Avg Return
0.0%
5 Yr Avg Return
-1.6%
Net Assets
$3.11 B
Holdings in Top 10
48.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.99%
SALES FEES
Front Load N/A
Deferred Load 5.00%
TRADING FEES
Turnover 31.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PRUTX - Profile
Distributions
- YTD Total Return -10.7%
- 3 Yr Annualized Total Return 0.0%
- 5 Yr Annualized Total Return -1.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.01%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NamePGIM Jennison Utility Fund
-
Fund Family NamePGIM Funds (Prudential)
-
Inception DateAug 10, 1981
-
Shares OutstandingN/A
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerShaun Hong
Fund Description
PRUTX - Performance
Return Ranking - Trailing
Period | PRUTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -10.7% | -26.8% | 0.0% | 39.62% |
1 Yr | -8.3% | -30.7% | 19.3% | 45.28% |
3 Yr | 0.0%* | -12.9% | 9.4% | 68.00% |
5 Yr | -1.6%* | -10.2% | 6.3% | 83.67% |
10 Yr | 4.4%* | -8.8% | 7.1% | 53.85% |
* Annualized
Return Ranking - Calendar
Period | PRUTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 19.9% | 1.6% | 26.2% | 30.19% |
2022 | -7.3% | -18.9% | 4.1% | 70.00% |
2021 | 9.2% | -6.4% | 13.4% | 44.90% |
2020 | 7.3% | -0.4% | 16.5% | 71.43% |
2019 | -22.2% | -27.8% | -8.3% | 93.75% |
Total Return Ranking - Trailing
Period | PRUTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -10.7% | -26.8% | 0.0% | 39.62% |
1 Yr | -8.3% | -30.7% | 19.3% | 45.28% |
3 Yr | 0.0%* | -12.8% | 10.7% | 76.00% |
5 Yr | -1.6%* | -10.2% | 7.7% | 93.88% |
10 Yr | 4.4%* | -2.3% | 10.6% | 89.74% |
* Annualized
Total Return Ranking - Calendar
Period | PRUTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 19.9% | 4.1% | 26.2% | 30.19% |
2022 | -7.3% | -18.9% | 5.1% | 84.00% |
2021 | 9.2% | -3.7% | 17.9% | 61.22% |
2020 | 7.3% | -0.4% | 23.7% | 83.67% |
2019 | -22.2% | -27.8% | -5.5% | 95.83% |
PRUTX - Holdings
Concentration Analysis
PRUTX | Category Low | Category High | PRUTX % Rank | |
---|---|---|---|---|
Net Assets | 3.11 B | 34.8 M | 6.28 B | 18.87% |
Number of Holdings | 43 | 25 | 291 | 69.81% |
Net Assets in Top 10 | 1.53 B | 14.9 M | 3 B | 18.87% |
Weighting of Top 10 | 48.44% | 21.5% | 72.1% | 41.51% |
Top 10 Holdings
- NextEra Energy Inc 8.34%
- Dominion Energy Inc 5.28%
- RWE AG 5.10%
- FirstEnergy Corp 4.96%
- Ameren Corp 4.50%
- CMS Energy Corp 4.42%
- Cellnex Telecom SA 4.18%
- American Electric Power Co Inc 4.02%
- Entergy Corp 4.00%
- Orsted A/S 3.64%
Asset Allocation
Weighting | Return Low | Return High | PRUTX % Rank | |
---|---|---|---|---|
Stocks | 99.02% | 80.73% | 142.19% | 28.30% |
Cash | 0.98% | -42.19% | 10.66% | 54.72% |
Preferred Stocks | 0.00% | 0.00% | 3.41% | 52.83% |
Other | 0.00% | -19.06% | 0.94% | 35.85% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 28.30% |
Bonds | 0.00% | 0.00% | 15.45% | 49.06% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PRUTX % Rank | |
---|---|---|---|---|
Utilities | 83.29% | 43.79% | 100.00% | 37.74% |
Real Estate | 6.95% | 0.00% | 7.82% | 7.55% |
Energy | 5.54% | 0.00% | 22.12% | 45.28% |
Communication Services | 4.22% | 0.00% | 36.01% | 52.83% |
Technology | 0.00% | 0.00% | 4.55% | 43.40% |
Industrials | 0.00% | 0.00% | 21.15% | 47.17% |
Healthcare | 0.00% | 0.00% | 2.23% | 37.74% |
Financial Services | 0.00% | 0.00% | 9.22% | 39.62% |
Consumer Defense | 0.00% | 0.00% | 8.40% | 35.85% |
Consumer Cyclical | 0.00% | 0.00% | 2.50% | 30.19% |
Basic Materials | 0.00% | 0.00% | 5.08% | 58.49% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PRUTX % Rank | |
---|---|---|---|---|
US | 78.82% | 37.77% | 100.00% | 69.81% |
Non US | 20.20% | 0.00% | 53.32% | 32.08% |
PRUTX - Expenses
Operational Fees
PRUTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.99% | 0.10% | 3.20% | 11.32% |
Management Fee | 0.42% | 0.09% | 1.00% | 11.32% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 83.87% |
Administrative Fee | N/A | 0.04% | 0.26% | N/A |
Sales Fees
PRUTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | 5.00% | 1.00% | 5.00% | 11.11% |
Trading Fees
PRUTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 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.
PRUTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 31.00% | 3.00% | 169.00% | 52.83% |
PRUTX - Distributions
Dividend Yield Analysis
PRUTX | Category Low | Category High | PRUTX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 7.97% | 30.19% |
Dividend Distribution Analysis
PRUTX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
PRUTX | Category Low | Category High | PRUTX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.01% | 0.57% | 3.22% | 92.45% |
Capital Gain Distribution Analysis
PRUTX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 22, 2019 | $0.040 | |
Sep 21, 2018 | $0.029 | |
Jun 22, 2018 | $0.059 | |
Mar 23, 2018 | $0.052 | |
Sep 22, 2017 | $0.056 | |
Jun 23, 2017 | $0.032 | |
Mar 24, 2017 | $0.040 | |
Sep 23, 2016 | $0.037 | |
Jun 17, 2016 | $0.096 | |
Mar 18, 2016 | $0.009 | |
Sep 18, 2015 | $0.017 | |
Jun 19, 2015 | $0.031 | |
Mar 20, 2015 | $0.027 | |
Sep 19, 2014 | $0.029 | |
Jun 20, 2014 | $0.034 | |
Mar 21, 2014 | $0.108 | |
Sep 20, 2013 | $0.024 | |
Jun 21, 2013 | $0.208 | |
Mar 22, 2013 | $0.030 | |
Dec 21, 2012 | $0.098 | |
Sep 21, 2012 | $0.034 | |
Jun 22, 2012 | $0.054 | |
Mar 23, 2012 | $0.031 | |
Dec 16, 2011 | $0.035 | |
Sep 16, 2011 | $0.048 | |
Jun 17, 2011 | $0.039 | |
Mar 18, 2011 | $0.058 | |
Dec 17, 2010 | $0.043 | |
Sep 17, 2010 | $0.049 | |
Jun 18, 2010 | $0.027 | |
Mar 19, 2010 | $0.045 |
PRUTX - Fund Manager Analysis
Managers
Shaun Hong
Start Date
Tenure
Tenure Rank
Sep 30, 2000
19.76
19.8%
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
15.26
15.3%
Ubong "Bobby" Edemeka is a managing director and an income and infrastructure portfolio manager. He joined Jennison Associates in March 2002. Before joining Jennison, Mr. Edemeka was with Goldman Sachs as a sell-side research analyst on the US Power & Utilities team., 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 for the Prudential Utility Fund (now PGIM Jennison Utility Fund) in 1997 . He received a BA in government from Harvard University.
Teresa Kim
Start Date
Tenure
Tenure Rank
Jan 31, 2013
7.42
7.4%
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 |
---|---|---|---|
0.5 | 21.51 | 9.16 | 6.17 |