Investment objective & strategy
As of April 19, 2024 · prospectusObjective. The investment objective of the Portfolio is long-term capital appreciation.
Strategy. In pursuing its investment objective, the Portfolio normally invests at least 80% of its assets (net assets plus any borrowings made for investment purposes) in equity securities of medium-sized US companies, including common stocks and debt securities and preferred stocks that are convertible to common stocks. The Portfolio invests primarily in common stocks of medium-sized US companies which the subadviser, J.P. Morgan Investment Management, Inc., believes are capable of achieving sustained growth. Medium-sized US companies are companies with market capitalizations similar to those within the universe of the Russell Midcap Growth Index (measured at the time of purchase). The Portfolio may invest in derivatives as substitutes for securities in which the Portfolio can invest. To the extent the Portfolio uses … In pursuing its investment objective, the Portfolio normally invests at least 80% of its assets (net assets plus any borrowings made for investment purposes) in equity securities of medium-sized US companies, including common stocks and debt securities and preferred stocks that are convertible to common stocks. The Portfolio invests primarily in common stocks of medium-sized US companies which the subadviser, J.P. Morgan Investment Management, Inc., believes are capable of achieving sustained growth. Medium-sized US companies are companies with market capitalizations similar to those within the universe of the Russell Midcap Growth Index (measured at the time of purchase). The Portfolio may invest in derivatives as substitutes for securities in which the Portfolio can invest. To the extent the Portfolio uses derivatives, the Portfolio will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions. In managing the Portfolio, the subadviser employs a process that combines research, valuation and stock selection to identify companies that have a history of above-average growth or which the adviser believes will achieve above-average growth in the future. Growth companies purchased for the Portfolio include those with leading competitive positions that can achieve sustainable growth.
Top holdings
As of March 31, 2025 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| PALANTIR TECHNOLOGIES INC | — | $13.66M | 3.39% |
| HILTON WORLDWIDE HOLDINGS INC | — | $8.43M | 2.09% |
| APPLOVIN CORP | — | $7.89M | 1.96% |
| HUBSPOT INC | — | $7.33M | 1.82% |
| ALNYLAM PHARMACEUTICALS INC | — | $7.30M | 1.81% |
| HEICO CORP CL A | — | $7.24M | 1.79% |
| GARTNER INC | — | $6.73M | 1.67% |
| TRADEWEB MARKETS INC A | — | $6.63M | 1.65% |
| LPL FINL HLDGS INC | — | $6.45M | 1.60% |
| PGIM Core Ultra Short Bond Fund | — | $6.32M | 1.57% |
Portfolio moves
Dec 31, 2024 → Mar 31, 2025How 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. |
|---|---|---|
| AST Mid-Cap Growth Portfolio | 40% | 1.12% |
| MidCap Growth Fund III · PPQMX, PPQPX, PPIMX, PPQJX | 32% | 0.80% |
| Pioneer Select Mid Cap Growth VCT Portfolio | 30% | 0.92% |
Advisers
| Firm | Role |
|---|---|
| PGIM INVESTMENTS LLC | Adviser |
| J.P. Morgan Investment Management, Inc. | Sub-adviser |
Footnotes
- Net assets and holdings count as of March 31, 2025, from the fund's N-PORT filing.
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.