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PGIM JENNISON GLOBAL EQUITY INCOME FUND
mutual fund
PJIQX
Payout Change
Pending
Price as of:
$14.29
-0.08
-0.56%
primary theme
N/A
share class
PJIQX (Mutual Fund)
PGIM JENNISON GLOBAL EQUITY INCOME FUND
Payout Change
Pending
Price as of:
$14.29
-0.08
-0.56%
primary theme
N/A
share class
PJIQX (Mutual Fund)
PGIM JENNISON GLOBAL EQUITY INCOME FUND
Payout Change
Pending
Price as of:
$14.29
-0.08
-0.56%
primary theme
N/A
share class
Name
As of 12/02/2024Price
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
13.9%
1 yr return
19.0%
3 Yr Avg Return
5.9%
5 Yr Avg Return
8.7%
Net Assets
$740 M
Holdings in Top 10
40.4%
52 WEEK LOW AND HIGH
$14.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.85%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 12.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/02/2024Price
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
PJIQX - Profile
Distributions
- YTD Total Return 13.9%
- 3 Yr Annualized Total Return 5.9%
- 5 Yr Annualized Total Return 8.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.90%
- Dividend Yield 2.6%
- Dividend Distribution Frequency None
Fund Details
-
Legal NamePGIM JENNISON GLOBAL EQUITY INCOME FUND
-
Fund Family NamePGIM Funds (Prudential)
-
Inception DateJan 18, 2011
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerShaun Hong
Fund Description
The Fund invests under normal circumstances at least 80% of its investable assets (net assets plus borrowings for investment purposes) in income-producing equity and equity-related securities. Equity and equity-related securities include common stocks, securities convertible or exchangeable for common stock or the cash value of such common stock, nonconvertible preferred stocks and convertible securities, warrants and rights that can be exercised to obtain stock, investments in various types of business ventures including partnerships and joint ventures and business development companies, securities of real estate investment trusts (“REITs”) and income and royalty trusts, publicly-traded master limited partnerships, American Depositary Receipts (“ADRs”) and other similar securities. The Fund may also participate in the initial public offering (“IPO”) market.The Fund may invest without limit in foreign securities, including stocks and other equity-related securities, money market instruments and other fixed income securities of foreign issuers. Under normal circumstances, the Fund invests at least 40% of its investable assets in foreign securities, including up to 20% of its investable assets in the securities of issuers located in or otherwise economically tied to emerging markets countries (identified by the subadviser as countries classified by MSCI as emerging and frontier markets). The Fund’s investments in foreign securities may be lower if conditions are not favorable, but such investments will not be lower than 30% of the Fund’s investable assets. The Fund’s investments may be U.S. or non-U.S. dollar denominated.The Fund may from time to time be geographically concentrated and may invest a substantial amount of its assets in securities of issuers located in a single country or a small number of countries.The Fund seeks to identify attractively valued companies that exhibit solid cash flow growth and reliable/predictable earnings and revenue to produce attractive levels of dividend income.
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PJIQX - Performance
Return Ranking - Trailing
| Period | PJIQX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.9% | -35.6% | 29.2% | 25.39% |
| 1 Yr | 19.0% | 17.3% | 252.4% | 74.09% |
| 3 Yr | 5.9%* | -3.5% | 34.6% | 65.09% |
| 5 Yr | 8.7%* | 0.1% | 32.7% | 75.03% |
| 10 Yr | 7.0%* | -6.9% | 18.3% | 56.77% |
* Annualized
Return Ranking - Calendar
| Period | PJIQX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.2% | -24.3% | 957.1% | 88.06% |
| 2022 | -18.1% | -38.3% | 47.1% | 95.45% |
| 2021 | 15.0% | -54.2% | 0.6% | 92.60% |
| 2020 | -2.3% | -76.0% | 54.1% | 90.48% |
| 2019 | 9.1% | -26.1% | 47.8% | 29.19% |
Total Return Ranking - Trailing
| Period | PJIQX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.9% | -35.6% | 29.2% | 26.06% |
| 1 Yr | 19.0% | 11.4% | 252.4% | 69.89% |
| 3 Yr | 5.9%* | -3.5% | 34.6% | 62.90% |
| 5 Yr | 8.7%* | 0.1% | 32.7% | 74.09% |
| 10 Yr | 7.0%* | -6.9% | 18.3% | 55.10% |
* Annualized
Total Return Ranking - Calendar
| Period | PJIQX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.9% | -24.3% | 957.1% | 88.06% |
| 2022 | -10.6% | -33.1% | 47.1% | 95.70% |
| 2021 | 21.7% | -44.4% | 1.8% | 94.48% |
| 2020 | 7.0% | -6.5% | 54.1% | 95.61% |
| 2019 | 22.4% | -14.4% | 47.8% | 49.28% |
NAV & Total Return History
PJIQX - Holdings
Concentration Analysis
| PJIQX | Category Low | Category High | PJIQX % Rank | |
|---|---|---|---|---|
| Net Assets | 740 M | 199 K | 133 B | 33.55% |
| Number of Holdings | 50 | 1 | 9075 | 61.12% |
| Net Assets in Top 10 | 300 M | -18 M | 37.6 B | 32.60% |
| Weighting of Top 10 | 40.42% | 9.1% | 100.0% | 43.59% |
Top 10 Holdings
- AbbVie Inc 5.18%
- AXA SA 5.02%
- JPMorgan Chase Co 4.77%
- Zurich Insurance Group AG 4.66%
- MetLife Inc 4.16%
- National Grid PLC 3.90%
- Iberdrola SA 3.52%
- Prologis Inc 3.44%
- Shell PLC 2.92%
- Enbridge Inc 2.85%
Asset Allocation
| Weighting | Return Low | Return High | PJIQX % Rank | |
|---|---|---|---|---|
| Stocks | 99.18% | 61.84% | 125.47% | 81.72% |
| Cash | 0.82% | -174.70% | 23.12% | 86.89% |
| Preferred Stocks | 0.00% | -0.01% | 5.28% | 0.99% |
| Other | 0.00% | -13.98% | 19.14% | 4.30% |
| Convertible Bonds | 0.00% | 0.00% | 4.46% | 87.67% |
| Bonds | 0.00% | -1.50% | 161.67% | 88.11% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PJIQX % Rank | |
|---|---|---|---|---|
| Financial Services | 18.00% | 0.00% | 38.42% | 25.77% |
| Technology | 14.05% | 0.00% | 49.87% | 40.86% |
| Healthcare | 10.64% | 0.00% | 35.42% | 88.22% |
| Industrials | 10.19% | 0.00% | 44.06% | 31.50% |
| Utilities | 9.77% | 0.00% | 29.12% | 3.08% |
| Energy | 8.66% | 0.00% | 21.15% | 6.28% |
| Consumer Defense | 7.44% | 0.00% | 73.28% | 75.11% |
| Real Estate | 7.08% | 0.00% | 39.48% | 4.07% |
| Basic Materials | 6.59% | 0.00% | 38.60% | 12.78% |
| Consumer Cyclical | 4.32% | 0.00% | 40.94% | 84.25% |
| Communication Services | 3.26% | 0.00% | 57.66% | 97.14% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PJIQX % Rank | |
|---|---|---|---|---|
| US | 61.27% | 0.13% | 103.82% | 35.13% |
| Non US | 37.91% | 0.58% | 99.46% | 74.67% |
PJIQX - Expenses
Operational Fees
| PJIQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.85% | 0.01% | 44.27% | 48.46% |
| Management Fee | 0.74% | 0.00% | 1.82% | 51.86% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.76% | N/A |
Sales Fees
| PJIQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PJIQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| PJIQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 12.00% | 0.00% | 395.00% | 87.73% |
PJIQX - Distributions
Dividend Yield Analysis
| PJIQX | Category Low | Category High | PJIQX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.65% | 0.00% | 3.26% | 87.96% |
Dividend Distribution Analysis
| PJIQX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Annually | Annually |
Net Income Ratio Analysis
| PJIQX | Category Low | Category High | PJIQX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.90% | -4.27% | 12.65% | 10.68% |
Capital Gain Distribution Analysis
| PJIQX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 20, 2024 | $0.095 | OrdinaryDividend |
| Jun 14, 2024 | $0.148 | OrdinaryDividend |
| Mar 15, 2024 | $0.090 | OrdinaryDividend |
| Dec 15, 2023 | $0.065 | OrdinaryDividend |
| Dec 15, 2023 | $0.820 | CapitalGainLongTerm |
| Sep 15, 2023 | $0.077 | OrdinaryDividend |
| Jun 16, 2023 | $0.199 | OrdinaryDividend |
| Mar 17, 2023 | $0.038 | OrdinaryDividend |
| Dec 16, 2022 | $0.899 | OrdinaryDividend |
| Sep 16, 2022 | $0.057 | OrdinaryDividend |
| Jun 17, 2022 | $0.139 | OrdinaryDividend |
| Mar 18, 2022 | $0.040 | OrdinaryDividend |
| Dec 17, 2021 | $0.619 | OrdinaryDividend |
| Sep 17, 2021 | $0.067 | OrdinaryDividend |
| Jun 18, 2021 | $0.122 | OrdinaryDividend |
| Mar 19, 2021 | $0.044 | OrdinaryDividend |
| Dec 18, 2020 | $0.979 | OrdinaryDividend |
| Sep 18, 2020 | $0.096 | OrdinaryDividend |
| Jun 19, 2020 | $0.091 | OrdinaryDividend |
| Mar 20, 2020 | $0.048 | OrdinaryDividend |
| Dec 23, 2019 | $0.097 | OrdinaryDividend |
| Dec 23, 2019 | $1.325 | CapitalGainLongTerm |
| Sep 20, 2019 | $0.081 | OrdinaryDividend |
| Jun 21, 2019 | $0.062 | OrdinaryDividend |
| Mar 22, 2019 | $0.093 | OrdinaryDividend |
| Dec 24, 2018 | $0.105 | OrdinaryDividend |
| Dec 24, 2018 | $2.349 | CapitalGainLongTerm |
| Sep 21, 2018 | $0.244 | OrdinaryDividend |
| Jun 22, 2018 | $0.072 | OrdinaryDividend |
| Mar 23, 2018 | $0.070 | OrdinaryDividend |
| Dec 26, 2017 | $0.106 | OrdinaryDividend |
| Dec 26, 2017 | $0.570 | CapitalGainLongTerm |
| Sep 22, 2017 | $0.183 | OrdinaryDividend |
| Jun 23, 2017 | $0.076 | OrdinaryDividend |
| Mar 24, 2017 | $0.038 | OrdinaryDividend |
| Dec 23, 2016 | $0.137 | OrdinaryDividend |
| Sep 23, 2016 | $0.119 | OrdinaryDividend |
| Jun 17, 2016 | $0.115 | OrdinaryDividend |
| Dec 18, 2015 | $0.283 | OrdinaryDividend |
| Dec 18, 2015 | $1.212 | CapitalGainLongTerm |
| Sep 18, 2015 | $0.136 | OrdinaryDividend |
| Jun 19, 2015 | $0.086 | OrdinaryDividend |
| Mar 20, 2015 | $0.092 | OrdinaryDividend |
| Dec 19, 2014 | $0.087 | OrdinaryDividend |
| Dec 19, 2014 | $0.071 | CapitalGainShortTerm |
| Dec 16, 2014 | $0.630 | CapitalGainLongTerm |
| Sep 19, 2014 | $0.074 | OrdinaryDividend |
| Jun 20, 2014 | $0.183 | OrdinaryDividend |
| Mar 21, 2014 | $0.416 | OrdinaryDividend |
| Dec 20, 2013 | $0.087 | OrdinaryDividend |
| Dec 20, 2013 | $0.735 | CapitalGainLongTerm |
| Sep 20, 2013 | $0.072 | OrdinaryDividend |
| Jun 20, 2013 | $0.159 | OrdinaryDividend |
| Mar 22, 2013 | $0.092 | OrdinaryDividend |
| Dec 21, 2012 | $0.200 | OrdinaryDividend |
| Sep 21, 2012 | $0.170 | OrdinaryDividend |
| Jun 22, 2012 | $0.123 | OrdinaryDividend |
| Mar 23, 2012 | $0.081 | OrdinaryDividend |
| Dec 16, 2011 | $0.132 | OrdinaryDividend |
| Sep 16, 2011 | $0.112 | OrdinaryDividend |
| Jun 17, 2011 | $0.131 | OrdinaryDividend |
| Mar 18, 2011 | $0.147 | OrdinaryDividend |
PJIQX - Fund Manager Analysis
Managers
Shaun Hong
Start Date
Tenure
Tenure Rank
Jan 12, 2007
15.39
15.4%
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
Jan 12, 2007
15.39
15.4%
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.
Warren Koontz
Start Date
Tenure
Tenure Rank
Dec 18, 2019
2.45
2.5%
Warren Koontz, Jr., CFA, is a managing director, the head of large cap value equity, and a large cap value portfolio manager. He joined Jennison Associates in September 2014. Prior to joining Jennison, Warren was a portfolio manager at Loomis, Sayles & Company for diversified and concentrated value strategies. Prior to joining Loomis, Sayles & Company in 1995, Warren was a senior portfolio manager at Comerica Bank. He also worked for three years as chief investment officer for The Jeffrey Company, a private investment firm. He began his investment career in 1984 at the Public Employees' Retirement System of Ohio as a securities analyst and later became an assistant investment officer. He received a BS in finance and an MBA from The Ohio State University. He is a Chartered Financial Analyst.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 35.82 | 6.24 | 1.25 |
