Prudential Jennison 20/20 Focus Fund

Seeks to provide long-term growth by combining large-cap value and large-cap growth investments in a single portfolio of about 20 stocks each. The Fund may be suitable for investors looking to diversify into both styles of investing and need a core holding to anchor their portfolio.

See quarterly PDF version of this Fund Fact Sheet.
PerformanceFund Facts
& Holdings
Fund ManagersProspectus, Shareholder
Reports, & Sales
Load Breakpoints
Stylebox - large blend
Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. Maximum sales charges: Class A, 5.5%; Class B, 5.0%; and Class C, 1.0%.

Average Annual Total Returns

Total Returns
(with sales charge)
as of 7/31/2013
Total Returns
(without sales charge)
as of 7/31/2013
Lipper Multi-Cap Growth Funds Average
as of 7/31/2013
S & P 500 Index
as of 7/31/2013
Class ABCQRZABCQRZ
Year-to-Date17.7017.1617.2417.9517.5017.8718.5919.61
1-Year21.2822.4826.4628.8528.0528.7128.3427.4827.4628.8528.0528.7125.2124.98
3-Year12.4513.0113.7814.3514.9214.5913.7913.7814.3514.9216.6217.72
5-Year4.644.925.095.606.135.835.095.095.606.137.558.26
10-Year9.659.489.4810.5710.279.489.4810.578.137.64
Since Incpt.7.126.726.739.668.977.797.526.726.739.668.977.795.264.56

See Daily Returns and Quarterly SEC Standardized Performance.

See Calendar Year Performance for the Prudential Jennison 20/20 Focus Fund.

Total return describes the return to the investor after net operating expenses but before any sales charges are imposed. Lipper average is unmanaged, is based on the average return of all funds in this category, and does not take into consideration applicable sales charges. Unless noted otherwise, Lipper averages and index returns reflect performance beginning the closest month-end date to the Fund's inception. Benchmark since inception average is based on Class A inception date. SEC standardized return describes the return to the investor after net operating expense and maximum sales charges are imposed. All returns assume share price changes as well as the compounding effect of reinvested dividends and capital gains. Returns may reflect fee waivers and/or expense reimbursements. Without such, returns would be lower. All returns 1-year or less are cumulative.

Lipper Multi-Cap Growth Funds invest in a variety of market-capitalization ranges without concentrating 75% of their equity assets in any one market-capitalization range over an extended period of time and typically have above-average characteristics compared to the S&P Composite 1500 Index. The S&P Composite 1500 Index offers diversified market-cap U.S. market coverage. The S&P 500 is comprised of 500 stocks, which provides a broad indicator of stock price movements. An investment cannot be made directly in an index or an average. All indexes and averages are unmanaged.

Inception: Class A, B, C, and Z, 7/1/1998; Class Q, 3/28/2011; Class R, 5/14/2004.

Class A Growth of $10,000
Fund/Benchmark Return Chart
This chart represents historical performance and does not assume the effects of sales charges. If shown with sales charges, performance would have been lower.

Fund Facts & Holdings


Objective: Long-term capital growth. There is no guarantee the Fund's objective will be achieved.

Dividends: Paid annually, if any.

Capital Gains: Paid annually, if any.

See Dividend and Capital Gains Distributions.

See most recent complete Portfolio Holdings list.

The following information is as of 6/30/2013 and is subject to change.

Total Net Assets: $2.218 Billion

Top Growth Holdings (% of Assets)
Google3.3 %
Mastercard3.2
LinkedIn3.2
Amazon.com3.0
TJX2.8
Biogen2.8
TransDigm Group2.6
Gilead Sciences2.6
Ralph Lauren2.5
Monsanto2.5
Top Ten (of 19) 28.5%

Top Value Holdings (% of Assets)
Microsoft3.2 %
UnitedHealth3.1
MetLife3.1
Anadarko Petroleum3.1
Flextronics3.1
Boeing3.1
Tyson Foods3.0
Marathon Oil3.0
International Game Technology3.0
Mondelez International2.9
Top Ten (of 21) 30.6%

Sector Breakdown (% of Assets)
Consumer Discretionary22.3 %
Information Technology17.9
Healthcare16.4
Consumer Staples12.6
Energy11.7
Industrials7.4
Materials5.6
Financials4.2
Telecom. Services1.3
Cash & Equivalents0.6

Largest Industries (% of Assets)
Oil, Gas & Consumable Fuels8.9 %
Food Products8.7
Aerospace/Defense7.4
Pharmaceuticals6.9
Internet Software & Services6.5


Fund Statistics
Average Weighted Market Cap ($mil)53,394.9
Beta (3 year)1.18
P/E (Price/Earnings) Ratio22.7
Standard Deviation (3 year)16.43
Turnover Ratio (12-month %)59
All data is unaudited and subject to change. Holdings/sectors may vary. This is not a recommendation to buy or sell any security listed.

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. The Fund is nondiversified, so a loss resulting from a particular security will have a greater impact on the Fund's return. Diversification does not assure a profit or protect against loss in declining markets. These risks may increase the Fund's share price volatility. There is no guarantee 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. The P/E ratio (Source: Morningstar, Inc.) relates the price of a stock to the per-share earnings of the company. P/E is calculated using a harmonic weighted average, which excludes outliers that can easily skew results. 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 is the rate of trading in a portfolio, higher values imply more frequent trading. Beta is benchmarked against the S&P 500, an unmanaged index, which is a broad indicator of domestic stock price movements. An investment cannot be made directly in an index. Due to data availability, statistics may not be as of the 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.
*This figure is comprised of companies that have been classified by S&P/MSCI GICS or classified by Jennison Associates LLC. Companies classified by Jennison Associates LLC are not sponsored by the S&P/MSCI GICS classification system.

Fund Managers



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. 

Spiros "Sig" Segalas and David A. Kiefer are the portfolio managers for the Prudential Jennison 20/20 Focus Fund.



Spiros "Sig" SegalasSpiros "Sig" Segalas is the President and Chief Investment Officer.  He was one of the founders of Jennison Associates in 1969. Sig was recognized as a “Manager of the Decade” in 2000 by Mutual Fund magazine. He began his investment career as a research analyst with Bankers Trust Company in 1960, and was responsible for technology, aerospace, and conglomerate securities.  In 1963, he was appointed group head of the technology group; in 1967, he was asked to manage a newly introduced commingled emerging growth fund, the Supplemental Equity Fund, for the bank’s institutional clients.  He was also appointed to the bank’s investment policy group. Sig received a B.A. from Princeton University, after which he served as an officer in the US Navy.  He also spent some time in the shipping and construction industries before joining Bankers Trust.  
David Kiefer David A. Kiefer, CFA, is a Managing Director and Large Cap Value Equity Portfolio Manager. He 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 Prudential Jennison Utility Fund 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.



Class Z shares are available to institutional investors through certain retirement, mutual fund wrap and asset allocation programs, and to institutions at an investment minimum of $10,000,000. Performance by share class may vary. Other share classes, which contain either a sales load or a contingent deferred sales charge, are also available. These expenses could lower total fund return. Please see the prospectus for additional information about fees, expenses and investor eligibility requirements.
Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.
Mutual funds are distributed by Prudential Investment Management Services LLC, a Prudential Financial company and member SIPC. Prudential Investments, Prudential, the Prudential logo, the Rock symbol, Bring Your Challenges, Jennison Associates, and Jennison are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Mutual funds are not insured by the FDIC or any federal government agency, are not a deposit of or guaranteed by any bank or any bank affiliate, and may lose value.
0236058-00004-00    Ed. 6/2013