Fund Evaluator:

PGIM Jennison Growth R Overview

PGIM Jennison Growth R (PJGRX) is an actively managed U.S. Equity Large Growth fund. PGIM launched the fund in 2004.

The investment seeks long-term growth of capital. The fund normally invests at least 65% of its total assets in equity and equity-related securities of companies that exceed $1 billion in market capitalization at the time of investment and that the sub-adviser believes have above-average growth prospects. These companies are generally considered medium- to large-capitalization companies. Equity-related securities in which the fund primarily invests are common stocks, non-convertible preferred stocks and convertible securities.

About PGIM Jennison Growth R (PJGRX)

There are 4 members of the management team with an average tenure of 10.55 years: Natasha Kuhlkin (2019), Owuraka Koney (2025), Blair Boyer (2019), Michael Del Balso (2000). 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 Russell 1000 Growth TR USD index with a weighting of 100%. PGIM Jennison Growth R has 54 securities in its portfolio. The top 10 holdings constitute 54.4% 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 Growth R is part of the Equity global asset class and is within the U.S. Equity fund group. PGIM Jennison Growth R has 2.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.9%. There is 2.7% 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 Growth R has 0.5% of the portfolio in cash.

Assets Under Management

The fund has $249 million in total assets, which is below the $2 billion average for the Large Growth 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.

PJGRX 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 Growth R expense ratio is high compared to funds in the Large Growth category. PGIM Jennison Growth R has an expense ratio of 1.20%, which is 25% higher than its category average, making the fund expense ratio grade a D. 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 Growth R has a portfolio turnover rate of 34%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 55% for the Large Growth category.

Recently, in the month of August 2026, PGIM Jennison Growth R returned 3.4%, which earned it a grade of C, as the Large Growth category had an average return of 3.3%. 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 Growth R has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income annually 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 Growth R Grades

Year to date, the fund has returned 7.1%, 0.1 percentage points worse than the category, which translates into a grade of C. The fund has returned 11.7% over the past year (grade of C), 20.4% over the past three years (grade of C) and 8.2% per year over the past five years (grade of D) and 16.9% per year over the past 10 years (grade of B).

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