Download Prudential Jennison 20/20 Focus Fund Fact Sheet

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PRUDENTIAL JENNISON 20/20 FOCUS FUND
JUNE 30, 2017
Seeks to provide long-term growth of
capital by combining large-cap value
and large-cap growth investment
styles in a single portfolio of
approximately 20 stocks each. The
Fund may be suitable for investors
looking to diversify into both styles of
investing and need a core holding to
anchor their portfolio.
STYLE
Large Blend
TOP GROWTH HOLDINGS (% OF ASSETS)
1
2
3
4
5
6
7
8
9
10
Alibaba
Apple
Tencent
Celgene
Facebook
Amazon.com
Broadcom
NVIDIA
Adobe Systems
Salesforce.com
TOP VALUE HOLDINGS (% OF ASSETS)
3.8%
3.4%
3.1%
3.1%
3.0%
3.0%
2.9%
2.8%
2.7%
2.7%
Top Ten of 22
30.5%
SECTOR BREAKDOWN (% OF ASSETS)
Class
Ticker
CUSIP
Assets ($mil)
A......................................................................................
PTWAX
74440G107
630
B......................................................................................
PTWBX
74440G206
29
C
PTWCX
74440G305
168
......................................................................................
Q......................................................................................
PJTQX
74440G602
8
R......................................................................................
JTWRX
74440G503
62
Z......................................................................................
PTWZX
74440G404
238
Total Net Assets
1,135
JPMorgan Chase
PNC
Comcast
MetLife
United Technologies
SLM
PG&E
eBay
The Dow Chemical Co.
Microsoft
3.9%
3.4%
2.7%
2.6%
2.4%
2.4%
2.2%
2.1%
2.0%
2.0%
Top Ten of 22
25.7%
LARGEST INDUSTRIES (% OF ASSETS)
40.8% Information
Technology
16.0% Consumer
Discretionary
14.6% Financials
11.6% Healthcare
4.5% Energy
4.3% Industrials
3.1% Consumer Staples
2.2% Utilities
2.0% Materials
0.9% Cash/Equiv
FUND FACTS
1
2
3
4
5
6
7
8
9
10
1
2
3
4
5
Internet Software & Services
Software
Semiconductors & Equipment
Banks
Biotechnology
14.6%
12.7%
7.4%
7.4%
5.4%
FUND STATISTICS
PORTFOLIO MANAGEMENT
Subadvisor: Jennison Associates
Managing assets since 1969
FUND PORTFOLIO MANAGERS
Growth—Spiros "Sig" Segalas
Value—Warren Koontz, Jr., CFA
FUND PORTFOLIO ADVISORS
Daniel Nichols
Mary Flaherty
GROWTH OF $10,000 (CLASS Z)
25
DOLLAR (THOUSANDS)
Average
Weighted Market Cap ($mil)
181,339.3
......................................................................................
Beta
(3-year)
1.06
......................................................................................
P/E (Price/Earnings) Ratio
23.4
......................................................................................
Standard
Deviation (3-year)
11.74
......................................................................................
Turnover Ratio (12-month %)
55
$10,000
$19,130
20
15
10
5
0
Year 6/07
6/08
6/09
6/10
6/11
6/12
6/13
6/14
6/15
6/16
6/17
CALENDAR YEAR PERFORMANCE (CYP) REPRESENTS A FULL YEAR'S PERFORMANCE (%) (CLASS Z)
YEAR
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Fund
10.27
–39.65
57.81
7.67
–3.55
13.27
29.26
6.58
4.77
3.53
................................................................................................................................................................................................................
S&P 500 Index
5.49
–36.99
26.47
15.08
2.09
15.99
32.37
13.66
1.39
11.94
Benchmark†
Past performance does not guarantee future results. Graph and CYP do not include the effects of sales charges and reflect reinvestment
of all distributions. If sales charges were included, returns would have been lower. Holdings/allocations may vary. Largest holdings
excludes cash, cash equivalents, money market funds and enhanced cash strategies. Totals may not sum due to rounding. This is not
a recommendation to buy or sell any security listed.
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The Fund may invest in foreign securities, which are subject to currency fluctuation and political uncertainty; short sales, which
involve costs and the risk of potentially unlimited losses; and derivative securities, which may carry market, credit, and liquidity risks.
The Fund is nondiversified, so a loss resulting from a particular security will have a greater impact on the Fund's return.
Diversification does not assure a profit or protect against loss in declining markets. These risks may increase the Fund's share price
volatility. There is no guarantee the Fund's objective will be achieved.
AVERAGE ANNUAL TOTAL RETURNS (%) AS OF 6/30/2017
Total Returns (Without Sales Charges)
Share Class
YTD
1-year
3-year
5-year
10-year
SI
Inception Date
Class
A
12.63
21.35
6.56
12.59
6.39
7.87
07/01/1998
...............................................................................................................................................................................................................
Class
B
12.15
20.39
5.80
11.79
5.64
7.08
07/01/1998
...............................................................................................................................................................................................................
Class C
12.14
20.37
5.80
11.79
5.63
7.08
07/01/1998
...............................................................................................................................................................................................................
Class Q
12.80
21.77
7.01
13.05
—
9.68
03/28/2011
...............................................................................................................................................................................................................
Class R
12.47
21.09
6.33
12.36
6.17
8.98
06/14/2004
...............................................................................................................................................................................................................
Class Z
12.74
21.69
6.86
12.92
6.70
8.15
07/01/1998
SEC Standardized Returns (With Sales Charges)
Class A
—
14.68
4.57
11.32
5.79
7.55
07/01/1998
...............................................................................................................................................................................................................
Class
B
—
15.39
5.11
11.68
5.64
7.08
07/01/1998
...............................................................................................................................................................................................................
Class
C
—
19.37
5.80
11.79
5.63
7.08
07/01/1998
...............................................................................................................................................................................................................
Class
Q
—
21.77
7.01
13.05
—
9.68
03/28/2011
...............................................................................................................................................................................................................
Class
R
—
21.09
6.33
12.36
6.17
8.98
06/14/2004
...............................................................................................................................................................................................................
Class Z
—
21.69
6.86
12.92
6.70
8.15
07/01/1998
S&P 500 Index
Benchmark†
9.33
17.88
9.60
14.62
7.18
6.06
06/30/1998
Past performance does not guarantee future results, and current performance may be lower or higher than the past performance
data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the
original cost. For the most recent month-end performance, visit our website at pgiminvestments.com. Maximum sales charges:
Class A, 5.5%; Class B, 5.0%; Class C, 1.0%. Gross operating expenses: Class A, 1.20%; Class B, 1.90%; Class C, 1.90%; Class
Q, 0.77%; Class R, 1.65%; Class Z, 0.90%. Net operating expenses apply to: Class R, 1.40%, after contractual reduction through
3/31/2018. Class B shares are closed.
Source: Benchmarks and statistics, Lipper Inc. Source of Sector classification: S&P/MSCI (*This figure is comprised of companies
that have been classified by S&P/MSCI GICS or classified by Jennison Associates LLC. Companies classified by Jennison Associates
LLC are not sponsored by the S&P/MSCI GICS classification system). All other data from PGIM, Inc. (PGIM). Total return describes the
return to the investor after net operating expenses but before any sales charges are imposed. SEC standardized return describes the
return to the investor after net operating expenses and maximum sales charges are imposed. All returns assume share price changes
as well as the compounding effect of reinvested dividends and capital gains. Returns may reflect fee waivers and/or expense reimbursements.
Without such, returns would be lower. All returns 1-year or less are cumulative. Class Q and Z shares may be available to group retirement
plans and institutional investors through certain retirement, mutual fund wrap and asset allocation programs and to institutions at
an investment minimum of $5,000,000. All data is unaudited and subject to change.
†
The S&P 500 Index is an unmanaged index of 500 stocks of large U.S. companies. It provides a broad indicator of stock price movements.
An investment cannot be made directly in an index.
Enhanced cash strategies are variations on traditional money market vehicles. They are designed to provide liquidity and principal
preservation, but with more of an emphasis on seeking returns that are superior to those of traditional money market offerings.
Average weighted market cap is the average market capitalization of stocks in a fund, each weighted by its proportion of assets.
Beta measures a fund's sensitivity to changes in the overall market relative to its benchmark. The P/E Ratio (Source: Morningstar,
Inc.) relates the price of a stock to the per-share earnings of the company. P/E is calculated using a harmonic weighted average,
which excludes outliers that can easily skew results. Standard deviation depicts how widely returns vary around its average and is
used to understand the range of returns most likely for a given fund. A higher standard deviation generally implies greater volatility.
Turnover Ratio is the rate of trading in a portfolio, higher values imply more frequent trading. Due to data availability, statistics may
not be as of the current reporting period.
Mutual funds are distributed by Prudential Investment Management Services LLC and member SIPC. Jennison Associates is a registered
investment advisor. Both are Prudential Financial companies. © 2017 Prudential Financial, Inc. and its related entities. Jennison
Associates, Jennison, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities,
registered in many jurisdictions worldwide.
These materials are for informational or educational purposes only. The information is not intended as investment advice and is not
a recommendation about managing or investing assets. In providing these materials PGIM Investments is not acting as your fiduciary
as defined by the Department of Labor.
Mutual funds are not insured by the FDIC or any federal government agency, may lose value, and are not a deposit of or guaranteed
by any bank or any bank affiliate.
MF183D4
0154255-00042-00
Expiration: 10/31/2017
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and expenses carefully before investing. The prospectus
and summary prospectus contain this and other
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