PGIM Jennison Growth Fund- Class B
PJFBX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 655 Broad St. 17th Floor Newark NJ 07102
- IPO Date
- Nov 30, 1995
- CIK
- 0000949512
- Similar Companies
- Business
- PGIM Jennison Growth Fund-Class B (PJFBX) is an open-end mutual fund managed by Jennison Associates LLC, the equity investment arm of PGIM, Inc., that seeks long-term growth of capital by investing primarily in larger-cap common stocks believed to have sustainable, above-market growth in revenues, earnings, and cash flows; the fund emphasizes a diversified portfolio concentrated in high-conviction names across information technology, communication services, and consumer discretionary sectors, with top holdings including NVIDIA Corp, Amazon.com Inc, Microsoft Corp, Broadcom Inc, and Apple Inc. It offers multiple share classes including Class A (PJFZX), Class B (PJFBX), Class C, Class R, R2, R4, and R6, each with varying expense ratios from 0.57% net for Class R6 to 1.69% for Class C, maximum sales charges up to 5.50%, and minimum investments as low as $0; the fund maintains a 37% turnover ratio, average weighted market capitalization of approximately $800 billion, beta of 1.10, and standard deviation of 17.8% over three years, primarily targeting U.S. investors with a focus on large-growth stocks in the Morningstar Large Growth category. PGIM Jennison Growth Fund operates in the United States, domiciled there with total net assets exceeding $8.75 billion across classes as of late 2025. Jennison Associates, founded in 1969 and acquired by PGIM (headquartered in Newark, New Jersey), serves as the primary sub-adviser, leveraging a team of portfolio managers including long-time lead Kathleen A. McCarragher (since 1999), co-heads Blair Boyer and Natasha Kuhlkin, research director Michael Del Balso, and newer addition Owuraka Koney (joined July 2025). The fund, with inception dates varying by class (e.g., Class A in 1995, Class Z in 1996), ranks in the top fund families per Barron's 2024 review and invests over 92% in U.S. stocks, 5% in non-U.S. stocks, and minimal cash equivalents. PGIM, the asset management division of Prudential Financial (established 1875), oversees more than $1 trillion in assets globally across equity, fixed income, real estate, and alternatives. In recent developments, lead portfolio manager Kathleen McCarragher announced her retirement mid-2026, with removal from the fund on or about December 31, 2025, prompting a leadership transition to the collaborative team of Boyer, Kuhlkin, Del Balso, and Koney to maintain the bottom-up, research-driven growth equity strategy; the fund navigated Q3 2025 market dislocation in technology with a 7.0% return, underperforming the Russell 1000 Growth Index amid outflows, while PGIM reported $2.4 billion net inflows overall. PGIM expanded its offerings with the 2022 launch of related ETFs including PGIM Jennison Focused Growth ETF (PJFG) and PGIM Jennison Focused Value ETF (PJFV), complementing the core mutual fund lineup; no major acquisitions, funding rounds, or name changes occurred in the last 1-2 years for this specific fund.