PGIM Jennison International Opportunities Fund (PWJRX)

Overview

The fund is designed for investors looking to diversify their investment portfolio through exposure to foreign markets, including emerging markets. It primarily focuses on investing in equity and equity-related securities of companies not based in the United States. The investment strategy embodies a global approach, allowing for a dynamic allocation across various countries outside the U.S. This inclusivity towards non-U.S. markets offers potential for high returns, albeit with a higher risk, especially with investments in emerging markets. The fund's structure enables it to invest an unlimited amount in foreign securities, giving it a broad canvas to scout for investment opportunities worldwide.

Products and Services

The fund offers a diversified portfolio in the following formats:

• Equity and Equity-Related Securities: Investments are primarily made in stocks and similar equity instruments of non-U.S. companies. This includes companies that have a potential for growth or are already established players in their respective markets. The emphasis on equity and equity-related securities aims to tap into the growth potential of foreign markets.
• American Depositary Receipts (ADRs): The fund may invest in ADRs, which are a type of equity security designed to simplify foreign investing for American investors. ADRs represent shares in foreign companies but are traded on U.S. exchanges, making them a convenient way for the fund to gain exposure to overseas markets without the complexities of direct investments in foreign stock markets.
• American Depositary Shares (ADSs): Similar to ADRs, ADSs are shares of a non-U.S. company held by a U.S. depositary bank and are available for purchase by American investors. The fund’s investment in ADSs further reflects its strategy to diversify internationally by integrating foreign companies into its portfolio, leveraging the regulatory and logistical efficiencies these instruments provide.
• Investments in Emerging Markets: A significant portion of the fund's assets may be allocated to companies located in emerging markets. This reflects a strategic decision to pursue higher growth potential despite the increased risks associated with these regions. Emerging markets investments are selected based on their potential to offer above-average returns compared to more developed markets.