Fund Evaluator:
PGIM Jennison Utility A (PRUAX)
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Best Performing in Utilities Over the Last Year
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Fund Details
PGIM Jennison Utility A Overview
PGIM Jennison Utility A (PRUAX) is an actively managed Sector Equity Utilities fund. PGIM launched the fund in 1990.
The investment seeks total return through a combination of capital appreciation and current income. The fund normally invests at least 80% of its investable assets in equity and equity-related and investment-grade debt securities of utility companies. The term "investable assets" refers to the fund's net assets plus any borrowings for investment purposes. The fund's investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. It is non-diversified.
About PGIM Jennison Utility A (PRUAX)
There are 2 members of the management team with an average tenure of 23.60 years: Shaun Hong (2000), Ubong (Bobby) Edemeka (2005). 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 500 Sec/Utilities TR USD index with a weighting of 100%. PGIM Jennison Utility A has 34 securities in its portfolio. The top 10 holdings constitute 59.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
PGIM Jennison Utility A is part of the Equity global asset class and is within the Sector Equity fund group. PGIM Jennison Utility A has 2.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.0%. 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 Utility A has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $2 billion in total assets, which is above the $503 million average for the Utilities 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.
PRUAX 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 Utility A expense ratio is high compared to funds in the Utilities category. PGIM Jennison Utility A has an expense ratio of 0.82%, which is 26% lower than its category average, making the fund expense ratio grade a B. 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 Utility A has a portfolio turnover rate of 37%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 53% for the Utilities category.
Recently, in the month of July 2026, PGIM Jennison Utility A returned -3.7%, which earned it a grade of F, as the Utilities category had an average return of -2.6%. 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 Utility A has a trailing yield of 1.49%, which is below the 2.98% 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 Utility A Grades
Year to date, the fund has returned 3.3%, 2.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 4.3% over the past year (grade of F), 12.7% over the past three years (grade of C) and 9.1% per year over the past five years (grade of C) and 9.1% per year over the past 10 years (grade of B).
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PRUAX 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 |
|
| PRUAX Return (NAV) | -3.7% | -6.6% | 4.3% | 12.7% | 9.1% | 9.1% |
| PRUAX Grade | F | F | F | C | C | B |
| +/- Category | -1.1% | -1.2% | -3.5% | 0.2% | 0.2% | 0.7% |
| Utilities Avg | -2.6% | -5.4% | 7.8% | 12.5% | 8.9% | 8.4% |
| PRUAX Tax Cost Ratio | na | na | 2.5% | 2.4% | 2.5% | 2.0% |
PRUAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PRUAX Return (NAV) | 3.3% | 11.6% | 27.9% | -3.8% | -0.1% | 14.9% | 4.2% | 27.0% | 1.4% | 13.8% | 15.6% |
| PRUAX Grade | F | F | A | C | D | C | B | A | C | C | C |
| +/- Category | -2.3% | -3.1% | 6.7% | 0.5% | -0.7% | -1.0% | 3.7% | 3.6% | -1.0% | 1.5% | -0.0% |
| Utilities Avg | 5.6% | 14.7% | 21.2% | -4.4% | 0.6% | 16.0% | 0.5% | 23.5% | 2.4% | 12.3% | 15.6% |
| Risk Measures | |
| Standard Deviation: | 15.3% |
| Total Risk Index: | 1.24 - Above Average |
| Category Risk Index: | 1.03 - Above Average |
| Category Risk Grade: | D (74% Rank) |
| Beta: | 0.54 |
| R-Squared: | 20% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.5% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $3223 Mil |
| Fund Total Assets: | $2,661 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 37% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 25.9 years | |||
| Average Tenure: 23.6 years | |||
| Managers (Year): Hong Shaun (2000), Edemeka Ubong (Bobby) (2005) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 34 |
| % in Top 10 Holdings: | 59.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 2.7% |
Portfolio Allocation |
|
| Domestic Stock: | 97.0% |
| Foreign Stock: | 2.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Fund Family: | PGIM |
| Phone Number: | 800-225-1852 |
| Website: | www.prudentialfunds.com |
| Status: | Open |
| Inception Date: | January 22, 1990 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $1,000 |
| 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 (%): | 0.82% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.11% |
| Share Class: | PGIM Jennison Utility A |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
