Investment objective & strategy
As of April 17, 2025 · prospectusObjective. The investment objective of the Portfolio is to seek capital appreciation.
Strategy. The Portfolio normally invests at least 65% of its total assets in equity and equity-related securities, with an emphasis on securities of large capitalization companies. The Portfolio defines large capitalization companies as those companies with market capitalizations, to be within the market capitalization of the Russell 1000 Value Index (measured at the time of purchase). As of January 27, 2025, the Russell 1000 Value Index had a weighted average market capitalization of $178 billion, and the largest company by market capitalization was $1.0 trillion. The Portfolio seeks companies that it believes are being valued at a discount to their intrinsic value. A companys valuation is very important in this determination, as are the durability of a companys free cash flow … The Portfolio normally invests at least 65% of its total assets in equity and equity-related securities, with an emphasis on securities of large capitalization companies. The Portfolio defines large capitalization companies as those companies with market capitalizations, to be within the market capitalization of the Russell 1000 Value Index (measured at the time of purchase). As of January 27, 2025, the Russell 1000 Value Index had a weighted average market capitalization of $178 billion, and the largest company by market capitalization was $1.0 trillion. The Portfolio seeks companies that it believes are being valued at a discount to their intrinsic value. A companys valuation is very important in this determination, as are the durability of a companys free cash flow and earnings growth. A disciplined process to manage risk in both security selection and portfolio construction is a critical component of the value portfolio managers investment process. Up to 35% of the Portfolios total assets may be invested in debt obligations and non-convertible preferred stock. The Portfolio may invest up to 25% of its total assets in real estate investment trusts and up to 30% of its total assets in foreign securities, including money market instruments, equity securities and debt obligations. For these purposes, the subadviser does not consider American Depositary Receipts and similar receipts or shares traded in US markets as foreign securities.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| PRUDENTIAL INVESTMENT PORTFOLIOS 2 PRUDENTIAL INSTITUTIONA 0.00000000 | — | $188.52M | 9.29% |
| JPMORGAN CHASE and CO | — | $90.01M | 4.44% |
| ALPHABET INC CL A | — | $70.60M | 3.48% |
| WALMART INC | — | $66.06M | 3.26% |
| EXXON MOBIL CORP | — | $61.43M | 3.03% |
| NISOURCE INC | — | $57.55M | 2.84% |
| CISCO SYSTEMS INC | — | $45.05M | 2.22% |
| RTX CORP | — | $44.85M | 2.21% |
| GOLDMAN SACHS GROUP INC | — | $43.77M | 2.16% |
| CHEVRON CORP | — | $43.43M | 2.14% |
Portfolio moves
Dec 31, 2025 → Mar 31, 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 | 88% | 0.44% |
| PGIM Jennison Focused Value Fund · PJIAX, PJGCX, PJGZX, PJORX, PJOQX | 59% | 0.75% |
| PGIM Jennison Focused Value ETF · PJFV | 55% | 0.75% |
Advisers
| Firm | Role |
|---|---|
| PGIM INVESTMENTS LLC | Adviser |
| Jennison Associates LLC | Sub-adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.