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PGIM Jennison Utility R JDURX Fund Analysis

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Morningstar’s Fund Analysis JDURX

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Comanager to Depart PGIM Jennison Utility; Ratings Unchanged

Analyst

Analyst Note

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Effective May 17, 2022, global utilities analyst Teresa Ho Kim no longer serves as comanager on the PGIM Jennison Utility fund; longtime managers Shaun Hong and Ubong “Bobby” Edemeka remain. Edemeka has relevant global utilities expertise which should allow him to effectively absorb Ho Kim’s coverage responsibilities. With some continuity in the management ranks and no anticipated changes to the investment approach, the strategy's Morningstar Analyst Ratings are unchanged.

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