Three Prudential
Investments mutual funds won awards based on 10-year risk-adjusted
performance at Lipper’s recent annual mutual fund awards ceremony in New
York City. The awards honor mutual funds that have delivered
consistently competitive risk-adjusted performance relative to peers.
Prudential Investments is the mutual fund family of Prudential Financial
Inc. (NYSE: PRU) and offers funds across a range of asset classes and
sectors, including equity, fixed income, real estate and specialty
securities.
All three award-winning mutual funds are managed by Jennison Associates,
which builds portfolios from the bottom up, based on its research of
individual company fundamentals. Jennison’s investment capabilities span
market capitalizations, styles, and geographies. Jennison managed assets
of $156.5 billion as of December 31, 2012.
“This is a terrific honor and we are extremely proud to have our mutual
funds recognized once again by Lipper," said Stuart Parker, president of
Prudential Investments. "The awards bring well-deserved recognition to
our Jennison Associates investment managers who work tirelessly to help
clients meet their investment objectives in spite of volatile market
conditions, which has been vital to the success of our mutual fund
business.''
Prudential Investments’ Lipper Award winners for 10-year risk-adjusted
investment performance through the period ending November 30, 2012, were
as follows:
-
Prudential
Jennison Natural Resources Fund, Inc. (Class Z, PNRZX),
which won out of 31 funds in the Global Natural Resources category.
This is the sixth consecutive year that this fund has won a Lipper
Award.
-
Prudential
Jennison Mid-Cap Growth Funds Fund, Inc. (Class Z, PEGZX), which
won out of 251 funds in the Mid-Cap Growth category. The Fund, which
won a Lipper Award in 2007, is one of the largest in its class, with
more than $8 billion in assets as of February 28, 2013. The fund will
implement a soft close on or about April 8, 2013, to preserve the
integrity of the investment process and serve the best interests of
existing shareholders.
-
Prudential
Jennison Health Sciences Fund* (Class Z, PHSZX), which won
out of 48 funds in the Health/Biotechnology category. The Fund has won
Lipper Awards five of the last seven years.
Class Z shares are available to individual 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.
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with
approximately $1.060 trillion of assets under management as of December
31, 2012, has operations in the United States, Asia, Europe, and Latin
America. Prudential’s diverse and talented employees are committed to
helping individual and institutional customers grow and protect their
wealth through a variety of products and services, including life
insurance, annuities, retirement-related services, mutual funds and
investment management. In the U.S., Prudential’s iconic Rock symbol has
stood for strength, stability, expertise and innovation for more than a
century. For more information, please visit http://www.news.prudential.com/.
*As of the close of business on June 29, 2012, the Fund was closed to
new investors. Please see the Fund’s prospectus for more detailed
information.
The risks associated with these funds may include: investing in foreign
securities, which are subject to currency fluctuation and political
uncertainty; short sales, which involve costs and the risk of
potentially unlimited losses; derivative securities, which may
carry market, credit, and liquidity risks; investments in the natural
resources, health sciences, and real estate sectors, thereby increasing
vulnerability to any single economic, political, or regulatory
development. Investing in real estate poses risks related to individual
property, credit, and interest rate fluctuations. Some funds are non-diversified,
so a loss resulting from a particular security or sector will have a
greater impact on the Fund’s return. These risks may result in greater
share price volatility. There is no guarantee the Funds’ objectives will
be achieved. The risks associated with each fund are explained more
fully in the respective fund’s prospectus.
The Lipper Fund Awards are based on risk-adjusted returns for the
three-, five-, and 10-year periods ending 11/30/2012. Prudential
Jennison Mid-Cap Growth Fund Class Z shares were ranked 71 out of 443,
30 out of 372, and 1 out of 251 Mid-Cap Growth Funds for the three-,
five, and 10-year periods, respectively. The Prudential Jennison Natural
Resources Fund Class Z shares were ranked 67 out of 100, 13 out of 74,
and 1 out of 31 Global Natural Resources Funds for the three-, five-,
and 10-year periods, respectively, and the Prudential Jennison Health
Sciences Fund Class Z shares were ranked 10 out of 53, 3 out of 56, and
1 out of 48 Health/Biotechnology Funds for the three-, five-, and
10-year periods, respectively.
To be eligible for the Lipper Fund Awards, funds had to be registered
for sale in the respective country as of the end of 2012 and had to have
at least 36 months of performance history as of the end of the
evaluation year. Rankings do not take sales charges into account. Past
performance is no guarantee of future results. Performance by share
class may vary.
Consider a fund’s investment objectives, risks, charges, and expenses
carefully before investing. The prospectus, and a summary prospectus,
contain this and other information about the fund. Contact your
financial professional for a prospectus and a summary prospectus. Read
it carefully before investing.
Mutual funds are distributed by Prudential Investment Management
Services LLC (PIMS), member SIPC. Jennison Associates and Prudential
Investment Management (PIM) are registered investment advisors. Both are
Prudential Financial companies. Prudential Investments, Prudential,
Jennison Associates, Jennison, the Prudential logo, and the Rock symbol
are service marks of Prudential Financial, Inc., and its related
entities, registered in many jurisdictions worldwide.
Control Number: 0241124-00001-00
