Fund Evaluator:
PGIM Jennison Global Opportunities R4 (PRJDX)
Follow This Fund
Best Performing in Global Large-Stock Growth Over the Last Year
| 28.7% | Fidelity Advisor Climate Action Z (FCLZX) |
| 28.6% | Fidelity Climate Action (FCAEX) |
| 27.7% | T. Rowe Price Global Stock (PRGSX) |
| 23.1% | Fidelity Advisor Worldwide Z (FIQOX) |
| 23.0% | Fidelity Worldwide (FWWFX) |
Fund Details
PGIM Jennison Global Opportunities R4 Overview
PGIM Jennison Global Opportunities R4 (PRJDX) is an actively managed International Equity Global Large-Stock Growth fund. PGIM launched the fund in 2018.
The investment seeks long-term growth of capital. The fund invests primarily in equity and equity-related securities of companies located around the world. It can invest without limit in foreign securities, typically invests in a number of different countries, and may invest a significant portion of its assets in companies located in emerging markets. The fund may invest in securities of issuers of any market capitalization size.
About PGIM Jennison Global Opportunities R4 (PRJDX)
There are 3 members of the management team with an average tenure of 10.71 years: Thomas Davis (2012), Rebecca Irwin (2023), Mark Baribeau (2012). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI ACWI NR USD index with a weighting of 100%. PGIM Jennison Global Opportunities R4 has 44 securities in its portfolio. The top 10 holdings constitute 48.7% 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 Opportunities R4 is part of the Equity global asset class and is within the International Equity fund group. PGIM Jennison Global Opportunities R4 has 33.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 65.0%. There is 33.9% 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 Opportunities R4 has 1.1% of the portfolio in cash.
Assets Under Management
The fund has $326 million in total assets, which is below the $988 million average for the Global Large-Stock 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.
PRJDX 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 Opportunities R4 expense ratio is high compared to funds in the Global Large-Stock Growth category. PGIM Jennison Global Opportunities R4 has an expense ratio of 1.09%, which is 2% lower than its category average, making the fund expense ratio grade a C. 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 Opportunities R4 has a portfolio turnover rate of 122%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 47% for the Global Large-Stock Growth category.
Recently, in the month of July 2026, PGIM Jennison Global Opportunities R4 returned -12.4%, which earned it a grade of F, as the Global Large-Stock Growth category had an average return of -2.4%. 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 Opportunities R4 has a trailing yield of 0.00%, which is below the 0.27% category average. The fund normally distributes its income 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 Opportunities R4 Grades
Year to date, the fund has returned -1.9%, 7.9 percentage points worse than the category, which translates into a grade of F. The fund has returned 0.3% over the past year (grade of F), 10.1% over the past three years (grade of F) and 1.7% per year over the past five years (grade of F) and 13.5% per year over the past 10 years (grade of B).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about PGIM Jennison Global Opportunities R4, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
PRJDX 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 |
|
| PRJDX Return (NAV) | -12.4% | -3.5% | 0.3% | 10.1% | 1.7% | 13.5% |
| PRJDX Grade | F | F | F | F | F | B |
| +/- Category | -10.0% | -6.3% | -11.3% | -4.5% | -4.5% | 1.4% |
| Global Large-Stock Growth Avg | -2.4% | 2.8% | 11.6% | 14.6% | 6.2% | 12.1% |
| PRJDX Tax Cost Ratio | na | na | 4.7% | 2.0% | 1.7% | na |
PRJDX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PRJDX Return (NAV) | -1.9% | 5.1% | 22.0% | 41.3% | -39.7% | 7.5% | 74.3% | 30.4% | -2.6% | 43.4% | -4.5% |
| PRJDX Grade | F | F | B | A | F | F | A | C | A | A | F |
| +/- Category | -7.9% | -11.2% | 4.4% | 15.9% | -12.9% | -7.2% | 41.3% | -0.3% | 4.5% | 12.5% | -6.1% |
| Global Large-Stock Growth Avg | 6.0% | 16.3% | 17.6% | 25.4% | -26.8% | 14.8% | 33.0% | 30.7% | -7.1% | 30.9% | 1.5% |
| Risk Measures | |
| Standard Deviation: | 20.2% |
| Total Risk Index: | 1.64 - High |
| Category Risk Index: | 1.31 - High |
| Category Risk Grade: | F (98% Rank) |
| Beta: | 1.23 |
| R-Squared: | 60% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $4099 Mil |
| Fund Total Assets: | $ 0 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 122% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 14.4 years | |||
| Average Tenure: 10.7 years | |||
| Managers (Year): Davis Thomas (2012), Baribeau Mark (2012), Irwin Rebecca (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 44 |
| % in Top 10 Holdings: | 48.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 33.9% |
Portfolio Allocation |
|
| Domestic Stock: | 65.0% |
| Foreign Stock: | 33.9% |
| 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: | December 27, 2018 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.09% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.12% |
| Share Class: | PGIM Jennison Global Opportunities Z |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
