PGIM Jennison Utility Fund- Class B (PRUTX)
Nasdaq - Nasdaq Delayed price. Currency in USD
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PGIM Jennison Utility Fund- Class B
Prudential Sector Funds Inc
Gateway Center Three 100 Mulberry Street
Newark, NJ 07102
800-225-1852
Management information
Shaun Hong,Lead manager since 29 September 2000
Shaun Hong, CFA, is a Managing Director and an income and infrastructure portfolio manager. He joined Prudential (now PGIM) in 1999 as an analyst in Prudential's public equity unit responsible for the power, natural gas, and telecommunications industries, and in September 2000 when Prudential’s public equity asset management capabilities were transferred to Jennison, he joined Jennison. Mr. Hong began his career in 1992 as a research analyst covering telecommunications and technology companies at Parker/Hunter, a regional brokerage firm based in Pittsburgh, then joined Equinox Capital Management in 1994 where he covered the utility, consumer products, commodities, and technology sectors. He earned a BS in industrial management from Carnegie Mellon University and he holds the Chartered Financial Analyst (CFA) designation. Mr. Hong is a member of the New York Society of Security Analysts, Inc.
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.
Fund overview
CategoryUtilities
Fund familyPGIM Funds (Prudential)
Net assets3.11B
YTD return-6.52%
Yield0.93%
Morningstar rating★★★
Inception date9 Aug 1981
Fund operations
Last dividend0.05
Last cap gain0.00
Holdings turnover31.00%
Average for categoryN/A
Fees and expenses
ExpensePRUTXCategory average
Annual report expense ratio (net)1.78%0.94%
Prospectus net expense ratio1.78%N/A
Prospectus gross expense ratio1.99%N/A
Max 12b1 fee1.00%N/A
Max front end sales loadN/A4.92%
Max deferred sales load5.00%1.38%
3-yr expense projection904N/A
5-yr expense projection1,153N/A
10-yr expense projection1,860N/A
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