PGIM Jennison Growth Fund Class R4 (PJFPX)

Overview

The fund is an investment entity that focuses on allocating a significant portion of its resources, at least 65%, towards equity and equity-related securities. It specifically targets companies with a market capitalization exceeding $1 billion at the time of investment, underlining its preference for companies deemed to have above-average growth prospects. The fund's investment strategy leans towards medium- to large-capitalization companies, indicating a risk-aware approach that aims to balance growth opportunities with the inherent stability associated with larger, more established enterprises.

Products and Services

• Common Stocks

  These are shares of ownership in publicly traded companies that the fund invests in. Common stocks give investors a claim on a portion of the company’s profits, usually in the form of dividends, and often confer voting rights on shareholders. The fund's selection of common stocks is guided by the potential for above-average growth, focusing on medium- to large-cap companies.

• Non-convertible Preferred Stocks

  Preferred stocks provide a higher claim on assets and earnings than common stocks, such as fixed dividends that are paid out before any dividends are distributed to common stockholders. Unlike convertible preferred stocks, these non-convertible instruments cannot be converted into a specified number of common shares, potentially offering less upside in stock price appreciation but providing steadier income. The fund invests in non-convertible preferred stocks as part of its diversification strategy to reduce risk and ensure a stable income stream.

• Convertible Securities

  These are hybrid securities that the fund invests in, acting as a bridge between debt and equity by providing the option to convert into a predetermined number of common shares, usually at the discretion of the holder. Convertible securities can offer the fund the opportunity to participate in the equity upside of the issuing company while potentially providing downside protection through fixed interest payments. This investment aligns with the fund’s objective to target companies with solid growth prospects and leverage opportunities for asset appreciation.