PGIM Jennison Utility Fund Class Z
PRUZX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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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
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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 Street Newark NJ United States of America 07102
- IPO Date
- Feb 29, 1996
- CIK
- 0000352665
- Website
- prudentialfunds.com
- Similar Companies
- Business
- PGIM Jennison Utility Fund Class Z (PRUZX) is a mutual fund that seeks total return through a combination of capital appreciation and current income by investing at least 80% of its investable assets in equity securities, equity-related securities, and investment-grade debt securities of utility companies and utility-related companies. The fund, managed by Jennison Associates, a leading equity manager with over 50 years of experience, allocates primarily to electric utilities (59.6%), multi-utilities (28.1%), independent power and renewable electricity producers (7.9%), and gas utilities (2.4%), with top holdings including NextEra Energy Inc. (11.8%), Constellation Energy Corp. (8.4%), Sempra (5.7%), Entergy Corp. (5.4%), and CenterPoint Energy Inc. (4.9%). It offers share classes including A, C, R, R6, and Z, with the Class Z shares featuring a net expense ratio of 0.56% and a 30-day SEC yield of 1.72%; the fund is non-diversified and targets investors seeking exposure to the utilities sector amid growing energy demands, with total net assets exceeding $3.3 billion primarily concentrated in the United States (96.8%). Launched in 1996 and headquartered in Newark, New Jersey as part of PGIM Investments, the principal asset management business of Prudential Financial, Inc., the fund operates within the utilities sector, focusing on U.S. and select international utility companies such as Belgium's Elia Group SA/NV (2.1% of assets). Portfolio turnover stands at 47%, with a three-year beta of 0.93 and standard deviation of 13.85%, reflecting sector-specific volatility. The fund serves institutional and retail investors through intermediaries, providing income and growth potential from regulated and unregulated utilities, renewable energy producers, and related infrastructure. Recent performance highlights include outperformance of the S&P 500 Utilities Index in Q3 2025, advancing beyond the benchmark's 7.6% return, driven by strong contributions from key holdings; in Q1 2025, it trailed the index's 4.9% gain amid broader market dynamics. The fund's parent family earned a #4 ranking in Barron’s Best Fund Families for the one-year period ended December 31, 2024, among 48 qualifiers based on asset-weighted returns, underscoring PGIM Investments' competitive standing. No major acquisitions, partnerships, funding rounds, or structural changes specific to PRUZX were reported in the last 1-2 years, with ongoing portfolio management led by Jennison Associates professionals including Managing Directors Ubong "Bobby" Edemeka and Shaun Hong, CFA.