Morningstar Fund Report  | 05/04/2025Print

PGIM Jennison US Growth Fund GBP I Distribution (Q)

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
PGIM Jennison US Growth Fund GBP I Distribution (Q)
Fund16.3-32.345.532.9-12.4
+/-Cat-5.6-10.718.87.5-1.9
+/-B’mrk-11.0-9.013.4-2.3-0.2
 
Category: US Large-Cap Growth Equity
Category Benchmark: Morningstar US LM Brd Growt...
Key Stats
NAV
04/04/2025		 GBP 244.93
Day Change -3.93%
Morningstar Category™ US Large-Cap Growth Equity
IA (formerly IMA) Sector North America
ISIN IE00BYWYQQ52
Fund Size (Mil)
03/04/2025		 USD 344.43
Share Class Size (Mil)
03/04/2025		 USD 45.62
Max Initial Charge -
Ongoing Charge
29/11/2024		  0.70%
Morningstar Research
Analyst Report08/08/2024
Chris Tate, Senior Analyst
Morningstar, Inc

Recent slumping aside, the Jennison Large Cap Growth Equity strategy, including the Harbor Capital Appreciation and PGIM Jennison Growth funds, separate account, and offshore vehicles, has numerous advantages. The strategy’s highly accomplished...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People25
Parent24
Process24
Performance
Price
Investment Objective: PGIM Jennison US Growth Fund GBP I Distribution (Q)
The investment objective of the Fund is to seek long-term growth of capital. The Fund will seek to achieve its investment objective by investing primarily in U.S. equity and equity-related securities of companies that exceed $1 billion in market capitalization and that, in the opinion of the Sub-Investment Manager, have the potential to grow faster than other companies in terms of sales, earnings or higher returns on equity and assets.
Returns
Trailing Returns (GBP)04/04/2025
YTD-20.70
3 Years Annualised4.44
5 Years Annualised15.20
10 Years Annualised-
12 Month Yield 0.05
Dividend Paying Frequency Annually
Management
Manager Name
Start Date
Natasha Kuhlkin
19/10/2016
Blair Boyer
19/10/2016
Click here to see others
Inception Date
22/12/2017

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Russell 1000 Growth TR USDMorningstar US LM Brd Growth NR USD
Portfolio Profile for  PGIM Jennison US Growth Fund GBP I Distribution (Q)28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.160.0097.16
Bond0.000.000.00
Property0.000.000.00
Cash2.840.002.84
Other0.000.000.00
Top 5 Regions%
United States93.87
Europe - ex Euro1.49
Latin America1.29
Eurozone1.22
United Kingdom1.20
Top 5 Sectors%
Technology38.12
Consumer Cyclical19.08
Communication Services18.63
Healthcare9.79
Financial Services8.53
Top 5 HoldingsSector%
NVIDIA CorpTechnologyTechnology8.54
Amazon.com IncConsumer CyclicalConsumer Cyclical8.35
Meta Platforms Inc Class ACommunication ServicesCommunication Services6.63
Microsoft CorpTechnologyTechnology5.94
Apple IncTechnologyTechnology5.44
Increase Decrease New since last portfolio
PGIM Jennison US Growth Fund GBP I Distribution (Q)
Growth Of 1000 (GBP) 31/03/2025
Fund:  PGIM Jennison US Growth Fund GBP I Distribution (Q)
Category:  US Large-Cap Growth Equity
Category Index:  Morningstar US LM Brd Growth NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return6.7828.1250.7816.30-32.2545.4732.89-12.44
+/- Category4.440.9019.64-5.61-10.7318.777.54-1.90
+/- Category Index2.43-1.2118.87-11.04-8.9913.44-2.30-0.23
% Rank in Category194610839082073
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-3.93   -0.483.13
1 Week-9.37   -3.49-1.46
1 Month-16.81   -4.79-4.04
3 Months-22.83   -8.64-3.27
6 Months-12.11   -8.47-5.73
YTD-20.70   -7.14-3.42
1 Year-5.99   -4.82-5.81
3 Years Annualised4.44   -0.57-2.03
5 Years Annualised15.20   1.69-1.38
10 Years Annualised-   --
 
Category: US Large-Cap Growth Equity
Category Index: Morningstar US LM Brd Growth NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-12.44---
202414.786.56-4.3513.60
202315.9013.130.2310.70
2022-11.83-19.826.26-9.82
2021-3.7913.292.983.61
2020-6.3836.0110.227.44
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageAbove Average4 star
5-YearAbove AverageHigh3 star
10-Year--Not Rated
OverallAbove AverageHigh3 star
 
Category :  US Large-Cap Growth EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev20.36 %
3-Yr Mean Return11.36 %
 
3-Yr Sharpe Ratio0.34
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar US LM Brd Growth NR USD  Morningstar US LM Brd Growth NR USD
3-Yr Beta1.081.08
3-Yr Alpha0.240.24
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 587650-
Market Capitalisation% of Equity
Giant69.14
Large21.36
Medium9.19
Small0.31
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings31.891.10
Price/Book9.111.33
Price/Sales5.591.10
Price/Cash Flow20.221.03
Dividend-Yield Factor0.480.74
 
Long-Term Projected Earnings Growth13.731.08
Historical Earnings Growth25.371.40
Sales Growth12.491.19
Cash-Flow Growth27.181.49
Book-Value Growth16.711.24
 
Category: US Large-Cap Growth Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.160.0097.16
Bond0.000.000.00
Property0.000.000.00
Cash2.840.002.84
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States93.870.98
Canada0.000.00
Latin America1.292.21
United Kingdom1.204.45
Eurozone1.220.96
Europe - ex Euro1.493.46
Europe - Emerging0.00-
Africa0.00-
Middle East0.000.00
Japan0.00-
Australasia0.00-
Asia - Developed0.932.32
Asia - Emerging0.000.00
 
Category: US Large-Cap Growth Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical19.081.24
Financial ServicesFinancial Services8.530.85
Consumer DefensiveConsumer Defensive4.261.51
HealthcareHealthcare9.790.87
UtilitiesUtilities0.751.36
Communication ServicesCommunication Services18.631.51
IndustrialsIndustrials0.850.14
TechnologyTechnology38.120.98
 
Category: US Large-Cap Growth Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings53
Total Number of Bond Holdings0
Assets in Top 10 Holdings51.42
NameSectorCountry% of Assets
NVIDIA Corp311United States8.54
Amazon.com Inc102United States8.35
Meta Platforms Inc Class A308United States6.63
Microsoft Corp311United States5.94
Apple Inc311United States5.44
Netflix Inc308United States4.32
Broadcom Inc311United States4.23
Mastercard Inc Class A103United States3.00
Eli Lilly and Co206United States2.51
Visa Inc Class A103United States2.47
 
Increase Decrease New since last portfolio
Category: US Large-Cap Growth Equity
 
Management
Name of CompanyPGIM, Inc
Phone-
Website -
AddressPGIM, Inc
 Newark   07102
 United States
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date22/12/2017
Fund Advisor(s)
PGIM, Inc
Fund ManagerNatasha Kuhlkin
Manager Start Date19/10/2016
Career Start Year1995
Education
Binghamton University, B.S.
 
Biography
Natasha Kuhlkin is a large cap growth equity portfolio manager. She joined the firm in 2004 as a research analyst and became a portfolio manager in 2014. Before joining Jennison, Natasha was an equity research analyst for the small cap value fund at Palisade Capital Management and prior to that at Evergreen Investment Management. Natasha received a BS in accounting from Binghamton University and is a CFA charterholder.
Fund ManagerBlair Boyer
Manager Start Date19/10/2016
Career Start Year1983
Education
1989, New York University (Stern), M.B.A.
1983, Bucknell University, B.A.
 
Biography
Blair Boyer is co-head of the large cap growth equity team and a large cap growth equity portfolio manager. He is responsible for overseeing the investment process, strategy implementation, and risk management for Jennison's large cap growth equity portfolios. He joined Jennison in 1993 as an international equity analyst before assuming his current role as portfolio manager in 2003. Prior to that, he was with Bleichroeder managing international equity portfolios and at Verus Capital as a senior portfolio manager. Blair received a BA in economics from Bucknell University and an MBA from New York University's Stern School of Business.
Fund ManagerKathleen McCarragher
Manager Start Date10/05/2019
Career Start Year1982
Education
1977, University of Wisconsin, B.B.A.
1982, Harvard Business School, M.B.A.
 
Biography
Kathleen McCarragher is the head of growth equity and a large cap growth equity portfolio manager. She is responsible for overseeing the investment process, strategy implementation, and risk management for Jennison's growth equity platform. Kathleen is also a member of the Jennison Management Team, ESG Investment Leadership Team, and Jennison Board of Directors. Before joining Jennison in 1998, she was a managing director and the director of large cap growth equities with Weiss, Peck & Greer. Prior to that, she was an investor with State Street Research & Management. Kathleen received a BBA, summa cum laude, in finance and economics from the University of Wisconsin-Eau Claire and an MBA from Harvard Business School.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.65%
Ongoing Charge0.70%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes