PGIM Jennison Utility Fund Class A

PGIM Jennison Utility Fund Class A (PRUAX) is a non-diversified mutual fund listed on NASDAQ, managed by PGIM Investments and sub-advised by Jennison Associates, the fundamental equity investment arm of PGIM, which is the principal asset management business of Prudential Financial, Inc. Incepted on January 22, 1990, the fund seeks total return through a combination of capital appreciation and current income by investing at least 80% of its investable assets in equity, equity-related, and investment-grade debt securities of utility companies, with approximately 98.6% of its portfolio allocated to the utilities sector. With total net assets of approximately $3.37 billion, the fund's top holdings include leading utility names such as NextEra Energy, Entergy Corp, Sempra Energy, and Constellation Energy, with a geographic concentration predominantly in the United States (approximately 97%). The fund carries a gross expense ratio of 0.82%, requires a minimum initial investment of $1,000, pays dividends quarterly, and is co-managed by seasoned portfolio managers Shaun Hong and Ubong (Bobby) Edemeka, each with over two decades of tenure at Jennison.