Investment objective & strategy
As of Jan. 28, 2026 · prospectusObjective. The investment objective of the Fund is long-term capital appreciation .
Strategy. The Fund seeks investments whose prices will increase over time. The Fund normally invests at least 80% of its investable assets in equity and equity-related securities of financial services related companies. The Fund defines financial services related companies as any company that is categorized, based on Global Industry Classification Standard (GICS) industry classifications, as they may be amended from time to time, within the Financials sector as well as the financial services related GICS sector: Real Estate. 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 … The Fund seeks investments whose prices will increase over time. The Fund normally invests at least 80% of its investable assets in equity and equity-related securities of financial services related companies. The Fund defines financial services related companies as any company that is categorized, based on Global Industry Classification Standard (GICS) industry classifications, as they may be amended from time to time, within the Financials sector as well as the financial services related GICS sector: Real Estate. 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 Fund invests primarily in securities of issuers in the United States, although it may also invest in securities of issuers in countries throughout the world. The Funds investments in the securities of non-U.S. issuers, which are referred to as foreign securities, include stocks and other equity-related securities. The Fund may invest up to 30% of its total assets in foreign securities. The Fund may participate in the initial public offering (IPO) market. The Fund's investment process focuses on stock selection through fundamental analysis. Fundamental analysis of a company involves the assessment of such factors as its business environment, management quality, balance sheet, income statement, anticipated earnings, revenues and dividends, and other related measures or indicators of value. The subadviser uses this bottom-up approach to identify stocks it believes have favorable risk/reward profiles. The Fund is non-diversified for purposes of the Investment Company Act of 1940 (the 1940 Act), which means that it can invest a greater percentage of its assets in fewer issuers than a diversified fund.
Top holdings
As of Feb. 27, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| JPMORGAN CHASE and CO | — | $17.36M | 12.04% |
| VISA INC-CLASS A | — | $9.58M | 6.64% |
| GOLDMAN SACHS GROUP INC | — | $9.54M | 6.62% |
| MASTERCARD INC CL A | — | $8.48M | 5.88% |
| BANK OF AMERICA CORPORATION | — | $8.15M | 5.65% |
| CHUBB LTD | — | $6.88M | 4.77% |
| METLIFE INC | — | $6.13M | 4.25% |
| PNC FINANCIAL SERVICES GRP INC | — | $5.13M | 3.56% |
| MARSH & MCLENNAN | — | $4.76M | 3.30% |
| M&T BANK CORP | — | $4.26M | 2.96% |
Portfolio moves
Nov 28, 2025 → Feb 27, 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. |
|---|---|---|
| iShares U.S. Financial Services ETF · IYG | 40% | 0.38% |
| State Street(R) Financial Select Sector SPDR(R) ETF · XLF | 40% | 0.08% |
| JNL/Mellon Financial Sector Fund | 39% | 0.29% |
Advisers
| Firm | Role |
|---|---|
| PGIM INVESTMENTS LLC | Adviser |
| Jennison Associates LLC | Sub-adviser |
Footnotes
- Expense ratio as of January 28, 2026, from the fund's prospectus.
- Net assets and holdings count as of February 27, 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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