- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 655 Broad Street Newark NJ United States of America 07102
- IPO Date
- Mar 14, 2012
- Business
- PGIM Jennison Global Opportunities Fund (PRJZX) is an open-end mutual fund that seeks long-term growth of capital by investing primarily in equity and equity-related securities of companies located around the world; it maintains flexibility to invest without limit in foreign securities, across a number of different countries including emerging markets, and in issuers of any market capitalization size. The fund offers multiple share classes, including Class Z shares with a net expense ratio of 0.92%, Class A, Class C, Class R2, Class R4, and Class R6; its portfolio typically emphasizes growth-oriented sectors such as information technology (approximately 44%), consumer discretionary (23%), and communication services (18%), with top holdings including Alphabet Inc., Nvidia Corp., Microsoft Corp., Taiwan Semiconductor Manufacturing Co., and Amazon.com Inc. Managed by Jennison Associates, an affiliate of PGIM Investments, the fund provides global diversification without regional or benchmark constraints, targeting institutional and retail investors seeking exposure to high-growth equities; total net assets exceed $6 billion as of late 2025, with a portfolio turnover rate of 66%.
Jennison Associates, founded in 1969 and based in New York, serves as the primary investment advisor, with key portfolio managers including Mark Baribeau, CFA (Managing Director and Head of Global Equity), Thomas Davis (Managing Director), and Rebecca Irwin (Managing Director and research analyst, added in 2023); the Class Z shares (PRJZX) were incepted on March 14, 2012. The fund operates globally, with significant allocations to U.S., developed international, and emerging market equities, and is part of PGIM Investments, the global asset management arm of Prudential Financial, Inc.
In recent developments, the fund has sustained strong performance, posting a 17.2% return in Q2 2025 that outperformed the MSCI ACWI Index, amid ongoing portfolio adjustments to capitalize on global growth opportunities; Jennison Associates continues to evolve its management team, exemplified by Rebecca Irwin's 2023 addition to bolster large-cap global equity expertise. PGIM Investments launched related growth equity strategies, such as the PGIM Jennison NextGeneration Global Opportunities Fund in 2021 and the PGIM Jennison Better Future Fund targeting high-growth companies in March 2025, reflecting broader expansion in the global equity suite under Jennison's oversight.