| Class |
A
|
B
|
C
|
R
|
Z
|
A
|
B
|
C
|
R
|
Z
|
|
| Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
55.62 |
54.76 |
54.73 |
55.43 |
56.02 |
35.53 |
| 1-Year |
44.59 |
46.92 |
50.97 |
52.73 |
53.42 |
53.01 |
51.92 |
51.97 |
52.73 |
53.42 |
25.91 |
| 3-Year |
2.51 |
2.92 |
3.73 |
4.30 |
4.76 |
4.47 |
3.72 |
3.73 |
4.30 |
4.76 |
-0.67 |
| 5-Year |
14.84 |
15.18 |
15.30 |
N/A |
16.45 |
16.14 |
15.30 |
15.30 |
N/A |
16.45 |
11.19 |
| 10-Year |
17.27 |
17.07 |
17.07 |
N/A |
18.25 |
17.93 |
17.07 |
17.07 |
N/A |
18.25 |
13.91 |
| Since Incpt. |
11.76 |
10.62 |
13.47 |
3.50 |
14.06 |
12.08 |
10.62 |
13.47 |
3.50 |
14.06 |
9.36 |
Objective: Long-term growth of capital. There can be no assurance that the Fund's objective will be achieved.
Dividends: Paid annually, if any.
Capital Gains: Paid annually, if any.
The following information is as of 10/31/2009 and is subject to change.
Total Net Assets: $3.119 Billion
| Southwestern Energy |
2.7
% |
| Halliburton |
2.3 |
| Freeport-McMoRan Copper & Gold |
2.2 |
| Occidental Petroleum |
2.2 |
| Petrobras Brasileiro |
2.0 |
| Apache |
1.9 |
| Cia de Minas Buenaventura |
1.8 |
| XTO Energy |
1.7 |
| Cameron International |
1.7 |
| OGX Petroleo e Gas Participacoes |
1.7 |
|
Top Ten (of 115)
|
20.2
%
|
| Energy |
61.8
% |
| Materials |
31.6 |
| Utilities |
1.8 |
| Industrials |
1.0 |
| Consumer Staples |
0.6 |
| Cash & Equivalents |
3.1 |
| Oil & Gas |
45.7
% |
| Metals & Mining |
31.0 |
| Energy Equipment & Services |
16.1 |
| Gas Utilities |
1.2 |
| Indep. Pwr Producers & Energy Traders |
0.7 |
| United States |
48.6
% |
| Canada |
19.5 |
| Brazil |
6.9 |
| Australia |
4.5 |
| United Kingdom |
3.9 |
| South Africa |
3.1 |
| India |
2.2 |
| Peru |
1.8 |
| Other |
6.4 |
| Cash & Equivalents |
3.1 |
| Average Weighted Market Capitalization ($mil) |
21,404.7 |
| Beta (3 Year) |
1.06 |
| Standard Deviation (3 Year) |
35.95 |
| Turnover Ratio (%) |
51 |
All data is unaudited and subject to change.
The Fund may not be appropriate for all investors. The Fund focuses its investments in the natural resources sector, thereby increasing its vulnerability to any single economic, political, or regulatory developments. The Fund is nondiversified, so a loss resulting from a particular security or sector will have a greater impact on the Fund's return. The Fund may invest in foreign securities, which are subject to currency fluctuation and political uncertainty; short sales, which involve costs and the risks of potentially unlimited losses; and derivative securities, which may carry market, credit, and liquidity risks. These risks may result in greater share price volatility. There is no assurance the Fund's objective will be achieved.
Average weighted market capitalization is the average market capitalization of stocks in a fund, each weighted by its proportion of assets. Beta measures a fund's sensitivity to changes in the overall market relative to its benchmark. Standard deviation depicts how widely returns vary around its average and is used to understand the range of returns most likely for a given fund. A higher standard deviation generally implies greater volatility. Turnover (12-month) is the rate of trading in a portfolio, higher values imply more frequent trading. Beta is benchmarked against the Lipper Natural Resources Index which is an unmanaged equally weighted index of the largest mutual funds in the Lipper Natural Resources category of funds, adjusted for the reinvestment of capital gains distributions and income dividends. An investment cannot be made directly in an index. Due to data availability, statistics may not be as of current reporting period.
Source: Prudential Investment Management, Inc. (PIM), Jennison Associates (both Prudential Financial companies), and Lipper Inc. Source of Sector classification: S&P/MSCI.
Jennison Associates is one of the nation's leading managers of growth, value, blend, and specialty equity strategies. It has earned a reputation for excellence by fulfilling the needs of clients for more than 40 years. David Kiefer, Jay Saunders, and Neil Brown are the portfolio managers for the Jennison Natural Resources Fund.
|
David A. Kiefer, CFA, is a managing director and Large Cap Value/Blend equity portfolio manager. He has over 20 years of investment experience and joined Jennison in September 2000 as a result of the merger of Prudential's public equity asset management capabilities into Jennison's organization. David has been managing large-cap diversified assets since 1999 and the Large Cap Blend Equity strategy since 2000. Additionally, he became head of large cap value equity and began co-managing the Large Cap Value Equity strategy in 2004 and the Natural Resources Equity strategy in 2005. He managed the Jennison Utility Fund (formerly Prudential) from 1994 to June 2005. David joined Prudential's management training program in 1986. From 1988 to 1990 he worked at Prudential Power Funding Associates making loans to the utility and power industry. He left to attend business school, rejoining Prudential in equity asset management in 1992. David earned a B.S. from Princeton University and an M.B.A. from Harvard Business School.
|
|
John "Jay" Saunders is a managing director and equity research analyst. He joined Jennison in October 2005 after working for the Global Oil team as a vice president at Deutche Bank Securities, where he covered North American integrated oils, independent refiners and exploration & production companies. From 1997 to 2000 Jay worked at the Energy Intelligence Group, becoming managing editor for the Oil Market Intelligence newsletter, reporting on a broad range of energy topics. Jay was also with Hart publications, Inc./The Oil Daily Co., where he was an associate editor responsible for oil-related publications. Jay received a B.A. from the College of William and Mary and a masters in print journalism from American University. He was ranked as the number 1 refiners analyst by Zach's Investment Research in 2005.
|
|
Neil P. Brown, CFA, is a principal and equity research analyst. He joined Jennison in November 2005 after working on the North American Oil and Gas Exploration and Production team as an equity research associate/analyst at Deutsche Bank Securities. Prior to joining Deutsche Bank, Neil worked at Donaldson, Lufkin, and Jenrette as a research associate covering the Exploration and Production sector. He also worked as an analyst in Metropolitan Life Insurance Company's Institutional Finance department. Neil received a B.A. in mathematics and history from Duke University and is a member of the New York Society of Securities Analysts.
|
Jennison Natural Resources Fund:
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-0.40
= Gain, 
= No Change.
)