PGIM Jennison Utility Fund Class A (PRUAX)
PGIM Jennison Utility Fund Class A operates in the Asset Management industry of the Financial Services sector, headquartered in Newark, NJ, US. The stock last traded at $15.18, up 1.07% on the session, giving a market capitalisation of $3.34B. Its beta of 0.53 implies it has historically moved less than the broad market.
This fund aims to deliver a comprehensive return, achieved through a combination of capital growth and a steady flow of income. It typically dedicates at least 80% of its investable capital to a mix of equity, equity-linked, and high-quality debt instruments issued by companies within the utility sector. For clarity, "investable capital" refers to the fund's net assets plus any funds borrowed specifically for investment purposes. However, if the fund borrows money for non-investment reasons—for instance, to cover expected redemptions—then its investable capital will constitute a smaller portion of its total assets. The fund maintains a non-diversified investment strategy.
PGIM Jennison Utility Fund Class A is most often compared with the following Financial Services names: