Morningstar Fund Report  | 25/02/2025Print

PGIM Jennison Carbon Solutions Equity Fund I USD Acc

Performance History31/01/2025
Growth of 1,000 (GBP) Advanced Graph
PGIM Jennison Carbon Solutions Equity Fund I USD Acc
Fund---11.94.3
+/-Cat---9.10.2
+/-B’mrk----7.40.2
 
Key Stats
NAV
24/02/2025
 USD 104.97
Day Change -1.58%
Morningstar Category™ Sector Equity Ecology
ISIN IE000WQGMFL6
Fund Size (Mil)
24/02/2025
 USD 21.09
Share Class Size (Mil)
24/02/2025
 USD 20.79
Max Initial Charge -
Ongoing Charge
14/02/2025
  0.85%
Investment Objective: PGIM Jennison Carbon Solutions Equity Fund I USD Acc
The investment objective of the Fund is to seek long-term capital appreciation by investing in companies that are involved in activities that will reduce global carbon emissions and aid in the transition to a clean energy future. Jennison Associates has determined that the Fund qualifies as a Light Green Fund, which seeks to comply with the principles of Article 8 of the SFDR. The Fund promotes the reduction of carbon emissions by incorporating environmental, social and governance (“ESG”) factors into its investment process.
Returns
Trailing Returns (GBP)24/02/2025
YTD-2.59
3 Years Annualised-
5 Years Annualised-
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
Neil Brown
10/08/2023
John "Jay" Saunders
10/08/2023
Click here to see others
Inception Date
10/08/2023

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI ACWI IMI NR USDMorningstar Global TME NR USD
Portfolio Profile for  PGIM Jennison Carbon Solutions Equity Fund I USD Acc31/01/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock95.500.0095.50
Bond0.000.000.00
Property0.000.000.00
Cash4.500.004.50
Other0.000.000.00
Top 5 Regions%
United States70.27
Eurozone13.38
Canada8.10
United Kingdom4.33
Europe - ex Euro2.79
Top 5 Sectors%
Industrials40.62
Utilities25.62
Energy15.34
Technology9.32
Basic Materials7.60
Top 5 HoldingsSector%
Trane Technologies PLC Class AIndustrialsIndustrials5.30
Prysmian SpAIndustrialsIndustrials5.18
Constellation Energy CorpUtilitiesUtilities4.75
Eaton Corp PLCIndustrialsIndustrials4.24
Cheniere Energy IncEnergyEnergy4.24
PGIM Jennison Carbon Solutions Equity Fund I USD Acc
Growth Of 1000 (GBP) 31/01/2025
Fund:  PGIM Jennison Carbon Solutions Equity Fund I USD Acc
Category:  Sector Equity Ecology
Category Index:  Morningstar Global TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/01/2025
 202431/01
Price Return11.944.29
+/- Category9.120.24
+/- Category Index-7.350.22
% Rank in Category1646
Trailing Returns (GBP)24/02/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.58   -0.87-1.30
1 Week-4.37   -3.03-2.71
1 Month-11.38   -8.55-10.14
3 Months-9.74   -8.01-11.08
6 Months2.90   0.85-6.84
YTD-2.59   -4.18-5.32
1 Year12.48   8.71-3.71
3 Years Annualised-   --
5 Years Annualised-   --
10 Years Annualised-   --
 
Quarterly Returns (GBP)31/01/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20244.401.523.981.57
2023---1.41
 
 
 
Morningstar Rating™(Relative to Category)-
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-Year--Not Rated
5-Year--Not Rated
10-Year--Not Rated
Overall--Not Rated
 
Click here to see our Methodology
Volatility Measurements31/01/2025
 
3-Yr Std Dev -
3-Yr Mean Return -
 
3-Yr Sharpe Ratio -
 
Modern Portfolio Statistics31/01/2025-
 Standard IndexBest Fit Index
 Morningstar Global TME NR USD  
3-Yr Beta--
3-Yr Alpha--
 
Investment Style Details31/01/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 29595-
Market Capitalisation% of Equity
Giant4.73
Large39.66
Medium34.88
Small19.77
Micro0.96
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings18.530.93
Price/Book3.291.09
Price/Sales1.980.91
Price/Cash Flow10.780.82
Dividend-Yield Factor1.160.69
 
Long-Term Projected Earnings Growth14.971.46
Historical Earnings Growth33.803.95
Sales Growth4.560.89
Cash-Flow Growth17.611.66
Book-Value Growth9.871.13
 
Asset Allocation31/01/2025
Asset Allocation
 % Long% Short% Net Assets
Stock95.500.0095.50
Bond0.000.000.00
Property0.000.000.00
Cash4.500.004.50
Other0.000.000.00
World Regions31/01/2025
 % of EquityRelative to Category
United States70.271.28
Canada8.102.72
Latin America0.000.00
United Kingdom4.330.83
Eurozone13.380.62
Europe - ex Euro2.790.40
Europe - Emerging0.000.00
Africa0.00-
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging1.130.77
 
Sector Weightings31/01/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials7.601.06
Consumer DefensiveConsumer Defensive1.490.45
UtilitiesUtilities25.623.74
EnergyEnergy15.3429.15
IndustrialsIndustrials40.621.26
TechnologyTechnology9.320.37
 
Top 10 Holdings31/01/2025
 Portfolio NEW
Total Number of Equity Holdings42
Total Number of Bond Holdings0
Assets in Top 10 Holdings41.98
NameSectorCountry% of Assets
Trane Technologies PLC Class A310United States5.30
Prysmian SpA310Italy5.18
Constellation Energy Corp207United States4.75
Eaton Corp PLC310United States4.24
Cheniere Energy Inc309United States4.24
GE Vernova Inc207United States3.78
NextEra Energy Inc207United States3.77
Targa Resources Corp309United States3.65
Vistra Corp207United States3.63
Schneider Electric SE310France3.44
 
 
Management
Name of CompanyPGIM, Inc
Phone-
Website -
AddressPGIM, Inc
 Newark   07102
 United States
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date10/08/2023
Fund Advisor(s)
PGIM, Inc
Fund ManagerNeil Brown
Manager Start Date10/08/2023
Education
1997, Duke University, B.A.
 
Biography
Neil Brown is a global natural resources equity co-portfolio manager and research analyst covering oil and natural gas exploration and production sector, integrated and refining companies. Prior to joining Jennison in 2005, he was with Deutsche Bank as an equity research associate specializing in the oil and natural gas exploration and production sector. He began his career as an institutional separate accounts finance analyst with Metropolitan Life Insurance Company. Neil received a BA in mathematics and history from Duke University. Neil is a CFA charterholder.
Fund ManagerJohn "Jay" Saunders
Manager Start Date10/08/2023
Education
1992, College of William and Mary, B.A.
American University, M.A.
 
Biography
Jay Saunders is a global natural resources equity co-portfolio manager and research analyst covering oil and gas equipment and services, metals and mining, macro commodity analysis, and distributed generation companies. Before joining Jennison in 2005, he was with Deutsche Bank Securities as a vice president on the global oil team, covering North American integrated oils, independent refiners, and exploration and production companies. Prior to that, Jay worked at several publications reporting on a range of oil- and energy-related topics. He earned a BA in english from the College of William and Mary and an MA in print journalism from American University.
Fund ManagerUbong (Bobby) Edemeka
Manager Start Date10/08/2023
Career Start Year1997
Education
Harvard University, B.A.
 
Biography
Bobby Edemeka is an income and infrastructure portfolio manager, and a research analyst covering global utilities, and energy infrastructure. Before joining Jennison in 2002, Bobby was a sell-side research analyst on the US Power & Utilities team at Goldman Sachs. Prior to that, 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) at Prudential Investments (now PGIM Investments). He earned a BA in government from Harvard University.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.85%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsNo