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PGIM Jennison Growth A PJFAX

Analyst rating as of
NAV / 1-Day Return
40.41  /  3.86 %
Total Assets
5.6 Bil
Adj. Expense Ratio
0.970%
Expense Ratio
0.970%
Fee Level
Below Average
Longest Manager Tenure
23.39 years
Category
Large Growth
Investment Style
Large Growth
Min. Initial Investment
1,000
Status
Open
TTM Yield
0.00%
Turnover
46%

Morningstar’s Analysis

Will PJFAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

PGIM Jennison Growth’s Volatility Is a Feature Not a Bug

Analyst Note

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High-growth stocks, especially those within PGIM Jennison Growth’s bailiwick, have seen their share prices come under pressure in early 2022. For the year to date through March 14, 2022, the U.S. mutual fund’s Z shares fell 25.5%, which was 5.5 and 6.3 percentage points worse than the typical large-growth Morningstar Category rival and Russell 1000 Growth Index, respectively. Former market darling and top-10 holding Shopify SHOP, whose shares are down a staggering 62.8%, has detracted the most from returns during the two-and-a-half-month period. Such a sharp decline is uncomfortable but not necessarily surprising given this strategy’s long-standing, bold approach. It is behaving as expected, and its share classes retain their Morningstar Analyst Ratings, which range from Gold to Bronze, depending on vehicle and fees.

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