Investment objective & strategy
As of Sept. 25, 2025 · prospectusObjective. The investment objectives of the Fund are capital appreciation and income .
Strategy. The Fund seeks to achieve its investment objectives by investing, under normal conditions, at least 80% of its investable assets in the equity and equity-related securities of companies that the subadviser expects to experience dividend growth, that is, companies that currently pay dividends and are expected to increase them. The term investable assets refers to the Funds net assets plus any borrowings for investment purposes. The Funds investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. The subadviser generally seeks to identify companies that it believes may be able to sustain and/or grow their dividends over time. Generally, these companies may, in the … The Fund seeks to achieve its investment objectives by investing, under normal conditions, at least 80% of its investable assets in the equity and equity-related securities of companies that the subadviser expects to experience dividend growth, that is, companies that currently pay dividends and are expected to increase them. The term investable assets refers to the Funds net assets plus any borrowings for investment purposes. The Funds investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. The subadviser generally seeks to identify companies that it believes may be able to sustain and/or grow their dividends over time. Generally, these companies may, in the subadvisers opinion, tend to have one or more of the following characteristics: Strong and/or rising free cash flow Strong credit profile Rising or above average return on invested capital or return on equity, or Company management demonstrates a willingness to return capital to shareholders The Fund may invest up to 20% of its investable assets in the equity and equity-related securities of companies that are not currently paying dividends, but are expected by the subadviser to begin paying them in the future. The Funds investments will primarily be in large-capitalization companies, defined as those companies with a market capitalization equal to or greater than $1 billion, although the Fund may invest in issuers of all capitalization ranges. While the Fund intends primarily to be invested in the securities of U.S. issuers, the Fund may invest up to 50% of its total assets in foreign securities, which may include securities from emerging markets. Equity and equity-related securities include common stocks, securities convertible or exchangeable for common stock or the cash value of common stock, preferred stocks, warrants and rights that can be exercised to obtain stock, investments in various types of business ventures including partnerships and business development companies, securities of real estate investment trusts (REITs) and income and royalty trusts, and other similar securities. At times, the Fund may have a significant portion of its assets invested in the same economic sector.
Top holdings
As of Jan. 30, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| INTL BUS MACH CORP | — | $2.93M | 3.78% |
| CISCO SYSTEMS INC | — | $2.59M | 3.34% |
| JPMORGAN CHASE and CO | — | $2.53M | 3.27% |
| ABBVIE INC | — | $2.47M | 3.20% |
| WALMART INC | — | $2.36M | 3.06% |
| GOLDMAN SACHS GROUP INC | — | $2.27M | 2.93% |
| GENERAL ELECTRIC CO | — | $2.16M | 2.79% |
| BROADCOM INC | — | $2.03M | 2.62% |
| APPLE INC | — | $1.96M | 2.53% |
| AT&T INC | — | $1.95M | 2.52% |
Portfolio moves
Oct 31, 2025 → Jan 30, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| PGIM Jennison Value Fund · JDVRX, PBEAX, PEICX, PEIZX, PJVQX | 47% | 0.44% |
| PSF PGIM Jennison Value Portfolio | 44% | 0.42% |
| PGIM Jennison Focused Value ETF · PJFV | 39% | 0.75% |
Advisers
| Firm | Role |
|---|---|
| PGIM INVESTMENTS LLC | Adviser |
| Jennison Associates LLC | Sub-adviser |
Footnotes
- Expense ratio as of September 25, 2025, from the fund's prospectus.
- Net assets and holdings count as of January 30, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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