Fund Evaluator:
PGIM Jennison Global Infrastructure A (PGJAX)
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Fund Details
PGIM Jennison Global Infrastructure A Overview
PGIM Jennison Global Infrastructure A (PGJAX) is an actively managed Sector Equity Infrastructure fund. PGIM launched the fund in 2013.
The investment seeks long-term growth of capital. Under normal circumstances, the fund invests at least 80% of its investable assets (net assets plus borrowings made for investment purposes) in common stock and preferred stock of foreign companies. It manages a portfolio that includes both growth and value stocks and seeks to outperform the general international equity market.
About PGIM Jennison Global Infrastructure A (PGJAX)
There are 3 members of the management team with an average tenure of 12.58 years: Brannon Cook (2014), Shaun Hong (2013), Ubong (Bobby) Edemeka (2013). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P Global Infrastructure NR USD index with a weighting of 100%. PGIM Jennison Global Infrastructure A has 65 securities in its portfolio. The top 10 holdings constitute 34.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
PGIM Jennison Global Infrastructure A is part of the Equity global asset class and is within the Sector Equity fund group. PGIM Jennison Global Infrastructure A has 46.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 52.8%. There is 46.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). PGIM Jennison Global Infrastructure A has 1.1% of the portfolio in cash.
Assets Under Management
The fund has $11 million in total assets, which is below the $319 million average for the Infrastructure category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PGJAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The PGIM Jennison Global Infrastructure A expense ratio is high compared to funds in the Infrastructure category. PGIM Jennison Global Infrastructure A has an expense ratio of 1.50%, which is 26% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. PGIM Jennison Global Infrastructure A has a portfolio turnover rate of 78%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 56% for the Infrastructure category.
Recently, in the month of July 2026, PGIM Jennison Global Infrastructure A returned -2.2%, which earned it a grade of F, as the Infrastructure category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
PGIM Jennison Global Infrastructure A has a trailing yield of 0.98%, which is below the 1.93% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
PGIM Jennison Global Infrastructure A Grades
Year to date, the fund has returned 7.7%, 2.6 percentage points worse than the category, which translates into a grade of F. The fund has returned 12.6% over the past year (grade of F), 13.0% over the past three years (grade of C) and 8.4% per year over the past five years (grade of B) and 7.8% per year over the past 10 years (grade of B).
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PGJAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PGJAX Return (NAV) | -2.2% | -4.7% | 12.6% | 13.0% | 8.4% | 7.8% |
| PGJAX Grade | F | F | F | C | B | B |
| +/- Category | -1.9% | -1.9% | -2.6% | 0.3% | 0.6% | 0.3% |
| Infrastructure Avg | -0.3% | -2.8% | 15.2% | 12.7% | 7.9% | 7.6% |
| PGJAX Tax Cost Ratio | na | na | 1.8% | 1.2% | 1.3% | 0.8% |
PGJAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PGJAX Return (NAV) | 7.7% | 17.9% | 11.8% | 5.5% | -8.1% | 14.7% | 1.6% | 28.5% | -8.8% | 18.5% | 8.2% |
| PGJAX Grade | F | C | B | B | F | C | B | B | D | C | D |
| +/- Category | -2.6% | -0.4% | 2.8% | 1.2% | -1.5% | 0.3% | 2.2% | 1.3% | -1.4% | 1.5% | -0.7% |
| Infrastructure Avg | 10.3% | 18.3% | 9.0% | 4.2% | -6.6% | 14.5% | -0.6% | 27.1% | -7.5% | 17.1% | 8.8% |
| Risk Measures | |
| Standard Deviation: | 12.8% |
| Total Risk Index: | 1.04 - Average |
| Category Risk Index: | 0.96 - Below Average |
| Category Risk Grade: | B (37% Rank) |
| Beta: | 0.62 |
| R-Squared: | 38% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.0% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $56 Mil |
| Fund Total Assets: | $ 12 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 78% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 12.9 years | |||
| Average Tenure: 12.6 years | |||
| Managers (Year): Hong Shaun (2013), Edemeka Ubong (Bobby) (2013), Cook Brannon (2014) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 65 |
| % in Top 10 Holdings: | 34.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 46.2% |
Portfolio Allocation |
|
| Domestic Stock: | 52.8% |
| Foreign Stock: | 46.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.1% |
Purchase Information
| Fund Family: | PGIM |
| Phone Number: | 800-225-1852 |
| Website: | www.prudentialfunds.com |
| Status: | Open |
| Inception Date: | September 25, 2013 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 5.50% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.30% |
Expenses and Fees | |
| Expense Ratio (%): | 1.50% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.19% |
| Share Class: | PGIM Jennison Global Infrastructure Z |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
