PGIM Jennison Energy Infrastructure Fund
Fund
PRPAX
Price as of:
$6.53
+ $0.01
+ 0.15%
Primary Theme
fund company
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
18.2%
1 yr return
21.5%
3 Yr Avg Return
23.1%
5 Yr Avg Return
17.9%
Net Assets
$572 M
Holdings in Top 10
57.6%
52 WEEK LOW AND HIGH
$6.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.51%
SALES FEES
Front Load 5.50%
Deferred Load N/A
TRADING FEES
Turnover 42.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PRPAX - Profile
Distributions
- YTD Total Return 18.2%
- 3 Yr Annualized Total Return 23.1%
- 5 Yr Annualized Total Return 17.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.03%
- Dividend Yield 3.2%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NamePGIM Jennison Energy Infrastructure Fund
-
Fund Family NamePrudential
-
Inception DateDec 18, 2013
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerUbong (Bobby) Edemeka
Fund Description
Under normal circumstances, the Fund invests at least 80% of its investable assets in U.S. and non-U.S. securities issued by energy infrastructure companies, including master limited partnerships (“MLPs”) and “C” corporations (“C-Corps”). Energy infrastructure companies are companies that generally own and operate assets that are used in the energy and utilities sectors, including those used in exploring, developing, producing, generating, transporting (including marine), transmitting, terminal operating, storing, gathering, processing, refining, distributing, mining or marketing of natural gas, natural gas liquids, crude oil, refined products, coal or electricity (including renewables), or that provide energy related equipment or services. The Fund generally relies on the Global Industry Classification Standard (“GICS”) published by Standard & Poor’s (“S&P”), as it may be amended from time to time, in determining whether an issuer is an energy infrastructure company. S&P classifies companies quantitatively and qualitatively. Each company is assigned a single GICS classification according to its principal business activity. S&P uses revenues as a key factor in determining a firm's principal business activity. Earnings and market, however, are also recognized as important and relevant information for classification purposes. The Fund may invest no more than 25% of the value of its total assets in the securities of one or more qualified publicly traded partnerships, which include MLPs that qualify. The Fund’s MLP investments will include, but are not limited to: MLPs structured as limited partnerships (“LPs”) or limited liability companies (“LLCs”); MLPs that are taxed as “C” corporations; institutional units (“I-Units”) issued by MLP affiliates; parent companies of MLPs; shares of companies owning MLP general partnership interests and other securities representing indirect beneficial interest ownership interests in MLP common units; “C” corporations that hold significant interests in MLPs; and other equity and fixed income securities and derivative instruments, including pooled investment vehicles including but not limited to exchange-traded funds and/or mutual funds and exchange-traded products (“ETPs”), that provide exposure to MLP investments or have economic characteristics similar to MLP investments. In deciding which stocks to buy, the subadviser relies on proprietary fundamental research, focused on the discovery of quality companies with predictable and sustainable cash flows. In narrowing the investment universe, the investment team compares prospective candidates’ competitive positioning, including strategically located assets; distribution coverage ratios; organic growth opportunities; expected dividend or distribution growth; the quality of the management team; balance sheet strength; and the support of the general partner. Valuation and the investment’s degree of liquidity factor into the portfolio managers’ decision calculus, as well. The team also monitors wider industry dynamics and interacts continually with the subadviser’s Natural Resources investment professionals to gain insights into emerging trends, such as the anticipation of an acceleration or reduction in production of particular oil and gas assets or a shift in regulatory or tax policy, which could affect potential or current positions. The Fund’s investments may include equity and equity-related securities, including common stocks; nonconvertible preferred stocks; convertible securities—like bonds, corporate notes and preferred stocks—that can convert into the company’s common stock, the cash value of common stock, or some other equity security; American Depositary Receipts (“ADRs”); American Depositary Shares (“ADSs”) and other similar receipts or shares, in both listed and unlisted form and other similar securities; warrants and rights that can be exercised to obtain stocks; equity securities of real estate investment trusts (“REITs”); investments in various types of business ventures, including partnerships and joint ventures; and similar securities. The Fund intends to elect to be taxed as a regulated investment company (“RIC”) rather than a “C” corporationand comply with all RIC-related restrictions including limiting its investments in qualified publicly-traded partnerships to no more than 25% of its total assets, thereby avoiding taxation as a “C” corporation under the Internal Revenue Code. The Fund is “non-diversified” for purposes of the Investment Company Act of 1940 (the “1940 Act”), which means that it can invest a greater percentage of its assets in fewer issuers than a “diversified” fund.
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PRPAX - Performance
Return Ranking - Trailing
| Period | PRPAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 18.2% | 11.2% | 33.8% | 69.39% |
| 1 Yr | 21.5% | 11.9% | 58.6% | 60.20% |
| 3 Yr | 23.1%* | 16.0% | 31.8% | 69.39% |
| 5 Yr | 17.9%* | 13.6% | 27.4% | 84.04% |
| 10 Yr | 9.1%* | -2.0% | 19.2% | 58.21% |
* Annualized
Return Ranking - Calendar
| Period | PRPAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | -5.1% | -15.4% | 15.3% | 78.57% |
| 2024 | -16.0% | -22.4% | 40.9% | 98.98% |
| 2023 | 5.1% | -14.9% | 18.2% | 73.47% |
| 2022 | 13.1% | -7.0% | 29.9% | 69.15% |
| 2021 | 32.4% | 4.2% | 42.7% | 29.79% |
Total Return Ranking - Trailing
| Period | PRPAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 18.2% | 11.2% | 33.8% | 69.39% |
| 1 Yr | 21.5% | 11.9% | 58.6% | 60.20% |
| 3 Yr | 23.1%* | 16.0% | 31.8% | 69.39% |
| 5 Yr | 17.9%* | 13.6% | 27.4% | 84.04% |
| 10 Yr | 9.1%* | -2.0% | 19.2% | 58.21% |
* Annualized
Total Return Ranking - Calendar
| Period | PRPAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 6.7% | -8.7% | 17.4% | 26.53% |
| 2024 | 33.1% | 10.3% | 48.4% | 67.35% |
| 2023 | 10.7% | -1.8% | 25.5% | 84.69% |
| 2022 | 20.0% | 8.1% | 38.8% | 78.72% |
| 2021 | 40.1% | 21.2% | 56.2% | 36.17% |
NAV & Total Return History
PRPAX - Holdings
Concentration Analysis
| PRPAX | Category Low | Category High | PRPAX % Rank | |
|---|---|---|---|---|
| Net Assets | 572 M | 22 M | 53.1 B | 52.88% |
| Number of Holdings | 29 | 15 | 80 | 48.98% |
| Net Assets in Top 10 | 332 M | 27.8 M | 4.3 B | 60.20% |
| Weighting of Top 10 | 57.64% | 36.5% | 113.9% | 84.69% |
Top 10 Holdings
- Williams Companies Inc. (The) COM 8.77%
- MPLX LP COM UNIT REP LTD 6.86%
- Targa Resources Corp. COM 6.17%
- DT Midstream Inc COMMON STOCK 5.93%
- Kinder Morgan, Inc. COM 5.77%
- Energy Transfer LP COM UT LTD PTN 5.25%
- Cheniere Energy Inc COM NEW 5.13%
- Enbridge Inc. COM NPV 4.61%
- TC Energy Corp COM NPV 4.58%
- Enterprise Products Partners L.P. COM 4.57%
Asset Allocation
| Weighting | Return Low | Return High | PRPAX % Rank | |
|---|---|---|---|---|
| Stocks | 100.28% | 74.72% | 143.43% | 46.94% |
| Cash | 1.68% | 0.00% | 20.61% | 41.84% |
| Preferred Stocks | 0.00% | 0.00% | 2.23% | 47.96% |
| Other | 0.00% | -36.30% | 4.76% | 36.73% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 37.76% |
| Bonds | 0.00% | -1.32% | 0.59% | 39.80% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PRPAX % Rank | |
|---|---|---|---|---|
| Energy | 95.44% | 53.73% | 100.00% | 53.06% |
| Utilities | 2.82% | 0.00% | 41.78% | 45.92% |
| Basic Materials | 1.74% | 0.00% | 6.40% | 10.20% |
| Technology | 0.00% | 0.00% | 2.43% | 59.18% |
| Real Estate | 0.00% | 0.00% | 0.00% | 37.76% |
| Industrials | 0.00% | 0.00% | 4.54% | 56.12% |
| Healthcare | 0.00% | 0.00% | 0.00% | 37.76% |
| Financial Services | 0.00% | 0.00% | 0.66% | 42.86% |
| Communication Services | 0.00% | 0.00% | 0.00% | 37.76% |
| Consumer Defense | 0.00% | 0.00% | 0.82% | 37.76% |
| Consumer Cyclical | 0.00% | 0.00% | 1.07% | 42.86% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PRPAX % Rank | |
|---|---|---|---|---|
| US | 78.05% | 65.22% | 143.43% | 76.53% |
| Non US | 22.23% | 0.00% | 33.69% | 17.35% |
PRPAX - Expenses
Operational Fees
| PRPAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.51% | 0.35% | 5.35% | 55.21% |
| Management Fee | 1.00% | 0.35% | 1.38% | 54.81% |
| 12b-1 Fee | 0.30% | 0.00% | 1.00% | 55.56% |
| Administrative Fee | N/A | 0.05% | 0.15% | N/A |
Sales Fees
| PRPAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.50% | 4.50% | 5.75% | 63.16% |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| PRPAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | 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.
| PRPAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 42.00% | 6.00% | 166.00% | 56.52% |
PRPAX - Distributions
Dividend Yield Analysis
| PRPAX | Category Low | Category High | PRPAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.25% | 0.00% | 15.34% | 43.27% |
Dividend Distribution Analysis
| PRPAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
| PRPAX | Category Low | Category High | PRPAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.03% | -2.83% | 5.84% | 52.08% |
Capital Gain Distribution Analysis
| PRPAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 31, 2026 | $0.053 | OrdinaryDividend |
| Nov 14, 2025 | $0.437 | OrdinaryDividend |
| Aug 15, 2025 | $0.083 | OrdinaryDividend |
| May 16, 2025 | $0.081 | OrdinaryDividend |
| Feb 14, 2025 | $0.082 | OrdinaryDividend |
| Dec 18, 2024 | $2.748 | OrdinaryDividend |
| Nov 15, 2024 | $0.126 | OrdinaryDividend |
| Aug 16, 2024 | $0.138 | OrdinaryDividend |
| May 17, 2024 | $0.141 | OrdinaryDividend |
| Feb 16, 2024 | $0.095 | OrdinaryDividend |
| Nov 17, 2023 | $0.127 | OrdinaryDividend |
| Aug 18, 2023 | $0.103 | OrdinaryDividend |
| Feb 17, 2023 | $0.128 | OrdinaryDividend |
| Nov 18, 2022 | $0.096 | OrdinaryDividend |
| Aug 19, 2022 | $0.100 | OrdinaryDividend |
| May 20, 2022 | $0.095 | OrdinaryDividend |
| Feb 18, 2022 | $0.104 | OrdinaryDividend |
| Nov 19, 2021 | $0.090 | OrdinaryDividend |
| Aug 13, 2021 | $0.086 | OrdinaryDividend |
| May 14, 2021 | $0.073 | OrdinaryDividend |
| Feb 19, 2021 | $0.067 | OrdinaryDividend |
| Nov 20, 2020 | $0.065 | ReturnOfCapital |
| Aug 14, 2020 | $0.097 | ReturnOfCapital |
| May 15, 2020 | $0.088 | ReturnOfCapital |
| Feb 14, 2020 | $0.097 | ReturnOfCapital |
| Nov 15, 2019 | $0.114 | OrdinaryDividend |
| Aug 16, 2019 | $0.114 | OrdinaryDividend |
| May 17, 2019 | $0.112 | OrdinaryDividend |
| Feb 15, 2019 | $0.108 | OrdinaryDividend |
| Nov 16, 2018 | $0.113 | OrdinaryDividend |
| Aug 17, 2018 | $0.109 | OrdinaryDividend |
| May 18, 2018 | $0.122 | OrdinaryDividend |
| Feb 16, 2018 | $0.111 | OrdinaryDividend |
| Nov 17, 2017 | $0.120 | OrdinaryDividend |
| Aug 18, 2017 | $0.117 | OrdinaryDividend |
| May 19, 2017 | $0.106 | OrdinaryDividend |
| Feb 17, 2017 | $0.120 | OrdinaryDividend |
| Nov 18, 2016 | $0.116 | OrdinaryDividend |
| Aug 19, 2016 | $0.125 | OrdinaryDividend |
| May 20, 2016 | $0.126 | OrdinaryDividend |
| Feb 19, 2016 | $0.092 | OrdinaryDividend |
| Nov 20, 2015 | $0.125 | OrdinaryDividend |
| Aug 21, 2015 | $0.116 | OrdinaryDividend |
| May 15, 2015 | $0.098 | OrdinaryDividend |
| Feb 20, 2015 | $0.108 | OrdinaryDividend |
| Nov 21, 2014 | $0.099 | OrdinaryDividend |
| Aug 22, 2014 | $0.133 | OrdinaryDividend |
| May 23, 2014 | $0.097 | OrdinaryDividend |
| Feb 21, 2014 | $0.101 | OrdinaryDividend |
PRPAX - Fund Manager Analysis
Managers
Ubong (Bobby) Edemeka
Start Date
Tenure
Tenure Rank
Dec 18, 2013
8.45
8.5%
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.
Shaun Hong
Start Date
Tenure
Tenure Rank
Dec 18, 2013
8.45
8.5%
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.
Stephen Maresca
Start Date
Tenure
Tenure Rank
Jul 15, 2016
5.88
5.9%
Stephen is a master limited partnership portfolio manager and an income and infrastructure research analyst. He joined Jennison in 2014. Prior to Jennison, Stephen spent six years with Morgan Stanley, where he was a managing director and equity research analyst covering MLPs and diversified natural gas. Before his tenure with Morgan Stanley, Stephen covered energy MLPs for UBS. Stephen began his financial services career in 1997 as a treasury funding analyst with PaineWebber. He received a BS in accounting from Providence College.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 15.78 | 7.87 | 12.18 |