About PGJAX
PGIM Jennison Global Infrastructure Fund Class A is an open-end mutual fund specializing in the global infrastructure sector. Its primary objective is to seek total return by investing in companies worldwide that own, operate, build, or service essential infrastructure assets, including transportation, utilities, energy, and communication facilities. The fund strategically allocates its holdings across both U.S. and non-U.S. companies, typically investing in at least three different countries and maintaining a significant portion—about 40%—in foreign issuers, though this allocation may adjust based on market conditions but does not drop below 30%.
The fund comprises growth and value stocks from a range of market capitalizations, employing fundamental analysis and a bottom-up stock selection approach. Its sector exposure is notably diverse, covering industries such as energy, utilities, transportation infrastructure, communication services, healthcare, materials, and real estate. PGIM Jennison Global Infrastructure Fund Class A is benchmarked against both the S&P 500 Index and the S&P Global Infrastructure Index, ensuring its performance is measured relative to broad market and sector-specific standards. The fund is co-managed by PGIM Investments LLC and Jennison Associates LLC, and it plays a significant role in offering investors access to the long-term growth and income potential of global infrastructure companies.
Fund Family PGIM
Category Infrastructure
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PGJAX
Share Class Class A
Index S&P 500 TR
PGJAX had a total return of 0.92% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.99%.
