PGIM JENNISON SMALL COMPANY FUND | ||||||
A: PGOAX |
C: PSCCX |
R: JSCRX |
Z: PSCZX |
R2: PSCHX |
R4: PSCJX |
R6: PJSQX |
The Securities and Exchange Commission
(“SEC”) has not approved or disapproved the
Fund's shares, nor has the SEC determined
that this prospectus is complete or accurate.
It is a criminal offense to state otherwise. Mutual funds are distributed by Prudential
Investment Management Services LLC,
member SIPC. Jennison Associates LLC is a
registered investment adviser. Both are
Prudential Financial companies. © 2022
Prudential Financial, Inc. and its related
entities. 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. |
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Class A |
Class C |
Class R |
Class Z |
Class R2 |
Class R4 |
Class R6 |
Maximum sales charge (load) imposed on purchases (as a percentage of offering
price) |
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Maximum deferred sales charge (load) (as a percentage of the lower of the original
purchase price or the net asset value at redemption) |
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Maximum sales charge (load) imposed on reinvested dividends and other distributions |
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Redemption fee |
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Exchange fee |
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Maximum account fee (accounts under $10,000) |
$ |
$ |
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Class A |
Class C |
Class R |
Class Z |
Class R2 |
Class R4 |
Class R6 |
Management fee |
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Distribution or distribution and service (12b-1) fees |
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Other expenses: |
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Shareholder service fee |
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Remainder of other expenses |
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Acquired Fund fees and expenses |
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Total annual Fund operating expenses |
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Fee waiver and/or expense reimbursement |
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( |
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( |
( |
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Total annual Fund operating expenses after fee waiver and/or expense
reimbursement(2,3) |
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Share Class |
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class R |
$ |
$ |
$ |
$ |
Class Z |
$ |
$ |
$ |
$ |
Class R2 |
$ |
$ |
$ |
$ |
Class R4 |
$ |
$ |
$ |
$ |
Class R6 |
$ |
$ |
$ |
$ |
Share Class |
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class R |
$ |
$ |
$ |
$ |
Class Z |
$ |
$ |
$ |
$ |
Class R2 |
$ |
$ |
$ |
$ |
Class R4 |
$ |
$ |
$ |
$ |
Class R6 |
$ |
$ |
$ |
$ |
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Return Before Taxes |
One Year |
Five Years |
Ten Years |
Since
Inception |
Inception
Date |
Class A shares |
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- |
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Class C shares |
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- |
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Class R shares |
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- |
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Class R2 shares |
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Class R4 shares |
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Class R6 shares |
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- |
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Class Z Shares % (as of 12-31-21) | |||||
Return Before Taxes |
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- |
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Return After Taxes on Distributions |
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- |
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Return After Taxes on Distributions and Sale of Fund Shares |
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- |
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Index % (reflects no deduction for fees, expenses or taxes) (as of 12-31-21) | |||||
Russell 2500 Index |
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- |
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S&P SmallCap 600 Index |
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- |
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Investment Manager |
Subadviser |
Portfolio Managers |
Title |
Service Date |
PGIM Investments LLC |
Jennison Associates LLC |
Jonathan M. Shapiro |
Managing Director |
July 2018 |
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Jason M. Swiatek, CFA |
Managing Director |
November 2013 |
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Class A* |
Class C* |
Class R* |
Class Z* |
Class R2 |
Class R4 |
Class R6 |
Minimum initial investment |
$1,000 |
$1,000 |
None |
None |
None |
None |
None |
Minimum subsequent investment |
$100 |
$100 |
None |
None |
None |
None |
None |
Principal Strategies: Investment Limits |
◾Equity and equity-related securities of small companies: At least 80% of investable assets |
Certain Non-Principal Strategies: Investment Limits |
◾Common stocks of larger companies: Up to 20% of investable assets ◾Securities of REITs: Percentage varies ◾Foreign securities: Up to 35% of investable assets ◾Short Sales: Up to 25% of net assets (short sales “against the box” are not subject to this limit) ◾Illiquid Investments: Up to 15% of net assets ◾Money market instruments: Up to 100% of investable assets on temporary basis |
Expected Distribution Schedule* |
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Net Investment Income |
Annually |
Short-Term Capital Gains |
Annually |
Long-Term Capital Gains |
Annually |
Share Class |
Eligibility |
Class A* |
Retail investors |
Class C* |
Retail investors |
Class R* |
Certain group retirement plans |
Class Z* |
Certain group retirement plans, institutional investors and certain other investors |
Class R2 |
Certain group retirement plans and certain other investors |
Class R4 |
Certain group retirement plans and certain other investors |
Class R6 |
Certain group retirement plans, institutional investors and certain other investors |
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Class A* |
Class C* |
Class R* |
Class Z* |
Class R2 |
Class R4 |
Class R6 |
Minimum purchase amount |
$1,000 |
$1,000 |
None |
None |
None |
None |
None |
Minimum amount for
subsequent purchases |
$100 |
$100 |
None |
None |
None |
None |
None |
Maximum initial sales charge |
5.50% of the
public offering
price |
None |
None |
None |
None |
None |
None |
Contingent Deferred Sales
Charge (“CDSC”) (as a
percentage of the lower of the
original purchase price or the
net asset value at redemption) |
1.00% on sales
of $1 million or
more made
within 12
months of
purchase |
1.00% on sales
made within 12
months of
purchase |
None |
None |
None |
None |
None |
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Class A* |
Class C* |
Class R* |
Class Z* |
Class R2 |
Class R4 |
Class R6 |
Annual distribution or
distribution and service (12b-1)
fees (shown as a percentage of
average daily net assets) |
0.30% |
1.00% |
0.75% (0.50%
currently) |
None |
0.25% |
None |
None |
Shareholder service fees |
None |
None |
None |
None |
0.10% |
0.10% |
None |
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Class A |
Class C |
Class Z |
Class R |
Existing Investors (Group Retirement Plans,
IRAs, and all other investors) |
No Change |
No Change |
No Change |
No Change |
New Group Retirement Plans |
Closed to group retirement plans wishing to add the share classes as new additions to plan menus on June 1, 2018,
subject to certain exceptions below | |||
New IRAs |
No Change |
No Change |
No Change |
Closed to all new
investors on June 1, 2018,
subject to certain
exceptions below |
All Other New Investors |
No Change |
No Change |
No Change |
Amount of Purchase |
Sales Charge as a % of
Offering Price* |
Sales Charge as a % of
Amount Invested* |
Dealer Reallowance*** |
Less than $25,000 |
5.50% |
5.82% |
5.00% |
$25,000 to $49,999 |
5.00% |
5.26% |
4.50% |
$50,000 to $99,999 |
4.50% |
4.71% |
4.00% |
$100,000 to $249,999 |
3.75% |
3.90% |
3.25% |
$250,000 to $499,999 |
2.75% |
2.83% |
2.50% |
$500,000 to $999,999 |
2.00% |
2.04% |
1.75% |
$1 million to $4,999,999** |
None |
None |
1.00% |
$5 million to $9,999,999** |
None |
None |
0.50% |
$10 million and over** |
None |
None |
0.25% |
Class A Shares | |||||
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Year Ended September 30, | ||||
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2022 |
2021 |
2020 |
2019 |
2018 |
Per Share Operating Performance(a): | |||||
Net Asset Value, Beginning of Year |
$28.33 |
$20.68 |
$21.08 |
$26.83 |
$25.80 |
Income (loss) from investment operations: | |||||
Net investment income (loss) |
0.01 |
(0.10) |
(0.04)(b) |
(0.06) |
(0.04) |
Net realized and unrealized gain (loss) on investment and foreign currency
transactions |
(3.78) |
11.23 |
1.55 |
(1.94) |
3.14 |
Total from investment operations |
(3.77) |
11.13 |
1.51 |
(2.00) |
3.10 |
Less Dividends and Distributions: | |||||
Dividends from net investment income |
(0.08) |
- |
- |
(0.05) |
(0.02) |
Distributions from net realized gains |
(8.10) |
(3.48) |
(1.91) |
(3.70) |
(2.05) |
Total dividends and distributions |
(8.18) |
(3.48) |
(1.91) |
(3.75) |
(2.07) |
Net asset value, end of Year |
$16.38 |
$28.33 |
$20.68 |
$21.08 |
$26.83 |
Total Return(c): |
(20.52)% |
58.28% |
7.29% |
(5.91)% |
12.77% |
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Ratios/Supplemental Data: | |||||
Net assets, end of Year (000) |
$438,659 |
$616,160 |
$447,491 |
$520,351 |
$719,750 |
Average net assets (000) |
$553,509 |
$575,482 |
$449,980 |
$577,174 |
$777,206 |
Ratios to average net assets(d): | |||||
Expenses after waivers and/or expense reimbursement |
1.14% |
1.13% |
1.18% |
1.17% |
1.13% |
Expenses before waivers and/or expense reimbursement |
1.14% |
1.13% |
1.18% |
1.17% |
1.13% |
Net investment income (loss) |
0.07% |
(0.38)% |
(0.21)% |
(0.27)% |
(0.15)% |
Portfolio turnover rate(e) |
53% |
64% |
58% |
30% |
43% |
(a) |
Calculated based on average shares outstanding during the year. |
(b) |
The per share amount of net investment income (loss) does not directly correlate to the amounts reported in the Statement of Operations due to class specific expenses. |
(c) |
Total return does not consider the effects of sales loads. Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year
reported and includes reinvestment of dividends and distributions, if any. Total returns may reflect adjustments to conform to GAAP. |
(d) |
Does not include expenses of the underlying funds in which the Fund invests. |
(e) |
The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives
and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher. |
Class C Shares | |||||
|
Year Ended September 30, | ||||
|
2022(a) |
2021(a) |
2020(a) |
2019(a) |
2018(a) |
Per Share Operating Performance(b): | |||||
Net Asset Value, Beginning of Year |
$35.44 |
$33.72 |
$38.88 |
$59.08 |
$60.76 |
Income (loss) from investment operations: | |||||
Net investment income (loss) |
(0.20)(c) |
(0.36) |
(0.28)(c) |
(0.44) |
(0.48) |
Net realized and unrealized gain (loss) on investment and foreign currency
transactions |
(5.20) |
16.00 |
2.76 |
(4.92) |
7.00 |
Total from investment operations |
(5.40) |
15.64 |
2.48 |
(5.36) |
6.52 |
Less Dividends and Distributions: | |||||
Dividends from net investment income |
(0.08) |
- |
- |
(0.04) |
- |
Distributions from net realized gains |
(8.10) |
(13.92) |
(7.64) |
(14.80) |
(8.20) |
Total dividends and distributions |
(8.18) |
(13.92) |
(7.64) |
(14.84) |
(8.20) |
Net asset value, end of Year |
$21.86 |
$35.44 |
$33.72 |
$38.88 |
$59.08 |
Total Return(d): |
(21.10)% |
57.01% |
6.54% |
(6.32)% |
11.98% |
| |||||
Ratios/Supplemental Data: | |||||
Net assets, end of Year (000) |
$13,646 |
$21,421 |
$21,468 |
$34,527 |
$76,121 |
Average net assets (000) |
$18,021 |
$23,032 |
$26,313 |
$51,231 |
$80,999 |
Ratios to average net assets(e): | |||||
Expenses after waivers and/or expense reimbursement |
1.91% |
1.88% |
1.89% |
1.86% |
1.81% |
Expenses before waivers and/or expense reimbursement |
1.91% |
1.88% |
1.89% |
1.86% |
1.81% |
Net investment income (loss) |
(0.72)% |
(1.11)% |
(0.89)% |
(1.03)% |
(0.82)% |
Portfolio turnover rate(f) |
53% |
64% |
58% |
30% |
43% |
(a) |
The Fund had a 4 to 1 reverse stock split effective December 27, 2021. Prior year net asset values and per share amounts have been restated to reflect the impact of the reverse
stock split (see Note 7 in the Notes to Financial Statements). The net asset value reported at the original dates prior to the reverse stock split were $8.86, $8.43, $9.72 and
$14.77 for the years ended September 30, 2021, 2020, 2019 and 2018, respectively. |
(b) |
Calculated based on average shares outstanding during the year. |
(c) |
The per share amount of net investment income (loss) does not directly correlate to the amounts reported in the Statement of Operations due to class specific expenses. |
(d) |
Total return does not consider the effects of sales loads. Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year
reported and includes reinvestment of dividends and distributions, if any. Total returns may reflect adjustments to conform to GAAP. |
(e) |
Does not include expenses of the underlying funds in which the Fund invests. |
(f) |
The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives
and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher. |
Class R Shares | |||||
|
Year Ended September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per Share Operating Performance(a): | |||||
Net Asset Value, Beginning of Year |
$27.07 |
$19.92 |
$20.40 |
$26.10 |
$25.19 |
Income (loss) from investment operations: | |||||
Net investment income (loss) |
(0.03)(b) |
(0.14) |
(0.08)(b) |
(0.09) |
(0.09) |
Net realized and unrealized gain (loss) on investment and foreign currency
transactions |
(3.51) |
10.77 |
1.51 |
(1.90) |
3.05 |
Total from investment operations |
(3.54) |
10.63 |
1.43 |
(1.99) |
2.96 |
Less Dividends and Distributions: | |||||
Dividends from net investment income |
(0.08) |
- |
- |
(0.01) |
- |
Distributions from net realized gains |
(8.10) |
(3.48) |
(1.91) |
(3.70) |
(2.05) |
Total dividends and distributions |
(8.18) |
(3.48) |
(1.91) |
(3.71) |
(2.05) |
Net asset value, end of Year |
$15.35 |
$27.07 |
$19.92 |
$20.40 |
$26.10 |
Total Return(c): |
(20.65)% |
57.95% |
7.12% |
(6.07)% |
12.54% |
| |||||
Ratios/Supplemental Data: | |||||
Net assets, end of Year (000) |
$111,936 |
$161,790 |
$135,920 |
$138,754 |
$172,033 |
Average net assets (000) |
$142,659 |
$164,085 |
$133,107 |
$149,385 |
$178,093 |
Ratios to average net assets(d): | |||||
Expenses after waivers and/or expense reimbursement |
1.33% |
1.33% |
1.35% |
1.34% |
1.33% |
Expenses before waivers and/or expense reimbursement |
1.58% |
1.58% |
1.60% |
1.59% |
1.58% |
Net investment income (loss) |
(0.13)% |
(0.58)% |
(0.43)% |
(0.46)% |
(0.34)% |
Portfolio turnover rate(e) |
53% |
64% |
58% |
30% |
43% |
(a) |
Calculated based on average shares outstanding during the year. |
(b) |
The per share amount of net investment income (loss) does not directly correlate to the amounts reported in the Statement of Operations due to class specific expenses. |
(c) |
Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year reported and includes reinvestment of dividends and
distributions, if any. Total returns may reflect adjustments to conform to GAAP. |
(d) |
Does not include expenses of the underlying funds in which the Fund invests. |
(e) |
The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives
and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher. |
Class Z Shares | |||||
|
Year Ended September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per Share Operating Performance(a): | |||||
Net Asset Value, Beginning of Year |
$31.93 |
$22.88 |
$23.05 |
$28.94 |
$27.67 |
Income (loss) from investment operations: | |||||
Net investment income (loss) |
0.10 |
(0.01) |
0.04 |
-(b) |
0.05 |
Net realized and unrealized gain (loss) on investment and foreign currency
transactions |
(4.54) |
12.54 |
1.70 |
(2.06) |
3.36 |
Total from investment operations |
(4.44) |
12.53 |
1.74 |
(2.06) |
3.41 |
Less Dividends and Distributions: | |||||
Dividends from net investment income |
(0.08) |
- |
- |
(0.13) |
(0.09) |
Distributions from net realized gains |
(8.10) |
(3.48) |
(1.91) |
(3.70) |
(2.05) |
Total dividends and distributions |
(8.18) |
(3.48) |
(1.91) |
(3.83) |
(2.14) |
Net asset value, end of Year |
$19.31 |
$31.93 |
$22.88 |
$23.05 |
$28.94 |
Total Return(c): |
(20.23)% |
58.79% |
7.69% |
(5.58)% |
13.09% |
| |||||
Ratios/Supplemental Data: | |||||
Net assets, end of Year (000) |
$371,658 |
$480,732 |
$493,395 |
$775,200 |
$1,539,410 |
Average net assets (000) |
$450,927 |
$527,437 |
$589,620 |
$1,156,293 |
$1,581,249 |
Ratios to average net assets(d): | |||||
Expenses after waivers and/or expense reimbursement |
0.81% |
0.81% |
0.82% |
0.82% |
0.81% |
Expenses before waivers and/or expense reimbursement |
0.81% |
0.81% |
0.82% |
0.82% |
0.81% |
Net investment income (loss) |
0.41% |
(0.05)% |
0.18% |
0.02% |
0.18% |
Portfolio turnover rate(e) |
53% |
64% |
58% |
30% |
43% |
(a) |
Calculated based on average shares outstanding during the year. |
(b) |
Amount rounds to zero. |
(c) |
Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year reported and includes reinvestment of dividends and
distributions, if any. Total returns may reflect adjustments to conform to GAAP. |
(d) |
Does not include expenses of the underlying funds in which the Fund invests. |
(e) |
The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives
and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher. |
Class R2 Shares | |||||
|
Year Ended September 30, |
November 28,
2017(a)
through
September 30, 2018 | |||
|
2022 |
2021 |
2020 |
2019 | |
Per Share Operating Performance(b): | |||||
Net Asset Value, Beginning of Period |
$30.70 |
$22.18 |
$22.48 |
$28.24 |
$28.00 |
Income (loss) from investment operations: | |||||
Net investment income (loss) |
0.01 |
(0.12) |
(0.03)(c) |
(0.06) |
0.04 |
Net realized and unrealized gain (loss) on investment and foreign currency
transactions |
(4.27) |
12.12 |
1.64 |
(1.97) |
2.26 |
Total from investment operations |
(4.26) |
12.00 |
1.61 |
(2.03) |
2.30 |
Less Dividends and Distributions: | |||||
Dividends from net investment income |
(0.08) |
- |
- |
(0.03) |
(0.01) |
Distributions from net realized gains |
(8.10) |
(3.48) |
(1.91) |
(3.70) |
(2.05) |
Total dividends and distributions |
(8.18) |
(3.48) |
(1.91) |
(3.73) |
(2.06) |
Net asset value, end of Period |
$18.26 |
$30.70 |
$22.18 |
$22.48 |
$28.24 |
Total Return(d): |
(20.53)% |
58.24% |
7.28% |
(5.65)% |
8.89% |
| |||||
Ratios/Supplemental Data: | |||||
Net assets, end of Period (000) |
$4,889 |
$5,582 |
$6,179 |
$8,925 |
$10,262 |
Average net assets (000) |
$4,980 |
$6,623 |
$7,364 |
$8,935 |
$2,060 |
Ratios to average net assets(e): | |||||
Expenses after waivers and/or expense reimbursement |
1.18% |
1.18% |
1.18% |
1.18% |
1.18%(f) |
Expenses before waivers and/or expense reimbursement |
1.35% |
1.28% |
1.39% |
1.42% |
2.00%(f) |
Net investment income (loss) |
0.02% |
(0.42)% |
(0.14)% |
(0.26)% |
0.18%(f) |
Portfolio turnover rate(g) |
53% |
64% |
58% |
30% |
43% |
(a) |
Commencement of offering. |
(b) |
Calculated based on average shares outstanding during the period. |
(c) |
The per share amount of net investment income (loss) does not directly correlate to the amounts reported in the Statement of Operations due to class specific expenses. |
(d) |
Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each period reported and includes reinvestment of dividends and
distributions, if any. Total returns may reflect adjustments to conform to GAAP. Total returns for periods less than one full year are not annualized. |
(e) |
Does not include expenses of the underlying funds in which the Fund invests. |
(f) |
Annualized. |
(g) |
The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives
and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher. |
Class R4 Shares | |||||
|
Year Ended September 30, |
November 28,
2017(a)
through
September 30, 2018 | |||
|
2022 |
2021 |
2020 |
2019 | |
Per Share Operating Performance(b): | |||||
Net Asset Value, Beginning of Period |
$31.00 |
$22.32 |
$22.55 |
$28.41 |
$28.00 |
Income (loss) from investment operations: | |||||
Net investment income (loss) |
0.08 |
(0.04) |
0.04 |
(0.01) |
0.07 |
Net realized and unrealized gain (loss) on investment and foreign currency
transactions |
(4.36) |
12.20 |
1.64 |
(2.05) |
2.41 |
Total from investment operations |
(4.28) |
12.16 |
1.68 |
(2.06) |
2.48 |
Less Dividends and Distributions: | |||||
Dividends from net investment income |
(0.08) |
- |
- |
(0.10) |
(0.02) |
Distributions from net realized gains |
(8.10) |
(3.48) |
(1.91) |
(3.70) |
(2.05) |
Total dividends and distributions |
(8.18) |
(3.48) |
(1.91) |
(3.80) |
(2.07) |
Net asset value, end of Period |
$18.54 |
$31.00 |
$22.32 |
$22.55 |
$28.41 |
Total Return(c): |
(20.34)% |
58.59% |
7.58% |
(5.71)% |
9.57% |
| |||||
Ratios/Supplemental Data: | |||||
Net assets, end of Period (000) |
$724 |
$680 |
$1,655 |
$4,107 |
$1,495 |
Average net assets (000) |
$751 |
$1,569 |
$2,153 |
$3,334 |
$453 |
Ratios to average net assets(d): | |||||
Expenses after waivers and/or expense reimbursement |
0.93% |
0.93% |
0.93% |
0.93% |
0.93%(e) |
Expenses before waivers and/or expense reimbursement |
1.81% |
1.37% |
1.61% |
1.49% |
5.19%(e) |
Net investment income (loss) |
0.34% |
(0.16)% |
0.19% |
(0.05)% |
0.30%(e) |
Portfolio turnover rate(f) |
53% |
64% |
58% |
30% |
43% |
(a) |
Commencement of offering. |
(b) |
Calculated based on average shares outstanding during the period. |
(c) |
Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each period reported and includes reinvestment of dividends and
distributions, if any. Total returns may reflect adjustments to conform to GAAP. Total returns for periods less than one full year are not annualized. |
(d) |
Does not include expenses of the underlying funds in which the Fund invests. |
(e) |
Annualized. |
(f) |
The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives
and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher. |
Class R6 Shares | |||||
|
Year Ended September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per Share Operating Performance(a): | |||||
Net Asset Value, Beginning of Year |
$31.30 |
$22.46 |
$22.64 |
$28.51 |
$27.27 |
Income (loss) from investment operations: | |||||
Net investment income (loss) |
0.12 |
0.01(b) |
0.05 |
0.04 |
0.09 |
Net realized and unrealized gain (loss) on investment and foreign currency
transactions |
(4.41) |
12.31 |
1.68 |
(2.05) |
3.33 |
Total from investment operations |
(4.29) |
12.32 |
1.73 |
(2.01) |
3.42 |
Less Dividends and Distributions: | |||||
Dividends from net investment income |
(0.08) |
- |
- |
(0.16) |
(0.13) |
Distributions from net realized gains |
(8.10) |
(3.48) |
(1.91) |
(3.70) |
(2.05) |
Total dividends and distributions |
(8.18) |
(3.48) |
(1.91) |
(3.86) |
(2.18) |
Net asset value, end of Year |
$18.83 |
$31.30 |
$22.46 |
$22.64 |
$28.51 |
Total Return(c): |
(20.17)% |
59.03% |
7.78% |
(5.44)% |
13.33% |
| |||||
Ratios/Supplemental Data: | |||||
Net assets, end of Year (000) |
$1,645,815 |
$914,526 |
$580,309 |
$761,160 |
$1,253,235 |
Average net assets (000) |
$950,556 |
$758,747 |
$613,233 |
$1,011,193 |
$1,169,480 |
Ratios to average net assets(d): | |||||
Expenses after waivers and/or expense reimbursement |
0.70% |
0.69% |
0.70% |
0.69% |
0.68% |
Expenses before waivers and/or expense reimbursement |
0.70% |
0.69% |
0.70% |
0.69% |
0.68% |
Net investment income (loss) |
0.49% |
0.05% |
0.26% |
0.18% |
0.32% |
Portfolio turnover rate(e) |
53% |
64% |
58% |
30% |
43% |
(a) |
Calculated based on average shares outstanding during the year. |
(b) |
The per share amount of net investment income (loss) does not directly correlate to the amounts reported in the Statement of Operations due to class specific expenses. |
(c) |
Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year reported and includes reinvestment of dividends and
distributions, if any. Total returns may reflect adjustments to conform to GAAP. |
(d) |
Does not include expenses of the underlying funds in which the Fund invests. |
(e) |
The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives
and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher. |
FOR MORE INFORMATION
Please read this Prospectus before you invest in the Fund and keep it for future reference.
For information or shareholder questions contact: | |
◾MAIL
Prudential Mutual Fund Services LLC
PO Box 9658
Providence, RI 02940 ◾WEBSITE
www.pgim.com/investments |
◾TELEPHONE
(800) 225-1852
(973) 367-3529
(from outside the U.S.) |
◾E-DELIVERY
To receive your mutual fund documents on-line, go to pgim.com/investments/resource/edelivery and enroll.
Instead of receiving printed documents by mail, you will receive notification via email when new materials are
available. You can cancel your enrollment or change your email address at any time by visiting the website address
above. |
The Annual and Semi-Annual Reports and the SAI contain additional information about the Fund. Shareholders may
obtain free copies of the SAI, Annual Report and Semi-Annual Report as well as other information about the Fund
and may make other shareholder inquiries through the telephone number, address and website listed above. | |
◾STATEMENT OF ADDITIONAL INFORMATION (“SAI”)
(incorporated by reference into this Prospectus) ◾SEMI-ANNUAL REPORT |
◾ANNUAL REPORT
(contains a discussion of the market conditions and
investment strategies that significantly affected the
Fund's performance during the last fiscal year) |
You can also obtain copies of Fund documents, including the SAI, from the SEC as follows (the SEC charges a fee to
copy documents): | |
◾ELECTRONIC REQUEST
publicinfo@sec.gov |
◾VIA THE INTERNET
on the EDGAR Database at www.sec.gov |
PGIM Jennison Small Company Fund | |||||||
Share Class |
A |
C |
R |
Z |
R2 |
R4 |
R6 |
NASDAQ |
PGOAX |
PSCCX |
JSCRX |
PSCZX |
PSCHX |
PSCJX |
PJSQX |
CUSIP |
74441N101 |
74441N309 |
74441N507 |
74441N408 |
74441N861 |
74441N853 |
74441N887 |
PGIM JENNISON SMALL COMPANY FUND | ||||||
A: PGOAX |
C: PSCCX |
R: JSCRX |
Z: PSCZX |
R2: PSCHX |
|
|
R4: PSCJX |
R6: PJSQX |
|
|
|
|
|
Term |
Definition |
1933 Act |
Securities Act of 1933, as amended |
1934 Act |
Securities Exchange Act of 1934, as amended |
1940 Act |
Investment Company Act of 1940, as amended |
1940 Act Laws, Interpretations and Exemptions |
Exemptive order, SEC release, no-action letter or similar relief or interpretations, collectively |
ADR |
American Depositary Receipt |
ADS |
American Depositary Share |
Board |
Fund’s Board of Directors or Trustees |
Board Member |
A trustee or director of the Fund’s Board |
CEA |
Commodity Exchange Act, as amended |
CFTC |
U.S. Commodity Futures Trading Commission |
Code |
Internal Revenue Code of 1986, as amended |
CMO |
Collateralized Mortgage Obligation |
ETF |
Exchange-Traded Fund |
EDR |
European Depositary Receipt |
Exchange |
NYSE Arca, Inc. |
Fannie Mae |
Federal National Mortgage Association |
FDIC |
Federal Deposit Insurance Corporation |
Fitch |
Fitch Ratings, Inc. |
Freddie Mac |
Federal Home Loan Mortgage Corporation |
GDR |
Global Depositary Receipt |
Ginnie Mae |
Government National Mortgage Association |
IPO |
Initial Public Offering |
IRS |
Internal Revenue Service |
LIBOR |
London Interbank Offered Rate |
Manager or PGIM Investments |
PGIM Investments LLC |
Moody’s |
Moody’s Investors Service, Inc. |
NASDAQ |
National Association of Securities Dealers Automated Quotations |
NAV |
Net Asset Value |
NRSRO |
Nationally Recognized Statistical Rating Organization |
NYSE |
New York Stock Exchange |
OTC |
Over the Counter |
Prudential |
Prudential Financial, Inc. |
PMFS |
Prudential Mutual Fund Services LLC |
QPTP |
“Qualified publicly traded partnership” as the term is used in the Internal Revenue Code of 1986, as amended |
REIT |
Real Estate Investment Trust |
RIC |
Regulated Investment Company, as the term is used in the Internal Revenue Code of 1986, as amended |
Term |
Definition |
S&P |
S&P Global Ratings |
SEC |
U.S. Securities and Exchange Commission |
World Bank |
International Bank for Reconstruction and Development |
Independent Board Members |
|
| |
Name
Year of Birth
Position(s)
Portfolios Overseen |
Principal Occupation(s)
During Past Five Years |
Other Directorships
Held During
Past Five Years |
Length of
Board Service |
Ellen S. Alberding
1958
Board Member
Portfolios Overseen: 97 |
President and Board Member, The Joyce
Foundation (charitable foundation) (since
2002); formerly Vice Chair, City Colleges of
Chicago (community college system)
(2011-2015); Trustee, National Park Foundation
(charitable foundation for national park system)
(2009-2018); Trustee, Economic Club of
Chicago (2009-2016); Trustee, Loyola University
(since 2018). |
None. |
Since September 2013 |
Kevin J. Bannon
1952
Board Member
Portfolios Overseen: 97 |
Retired; formerly Managing Director (April
2008-May 2015) and Chief Investment Officer
(October 2008-November 2013) of Highmount
Capital LLC (registered investment adviser);
formerly Executive Vice President and Chief
Investment Officer (April 1993-August 2007) of
Bank of New York Company; President (May
2003-May 2007) of BNY Hamilton Family of
Mutual Funds. |
Director of Urstadt Biddle Properties (equity real
estate investment trust) (since September
2008). |
Since July 2008 |
Linda W. Bynoe
1952
Board Member
Portfolios Overseen: 94 |
President and Chief Executive Officer (since
March 1995) and formerly Chief Operating
Officer (December 1989-February 1995) of
Telemat Limited LLC (formerly Telemat Ltd)
(management consulting); formerly Vice
President (January 1985-June 1989) at Morgan
Stanley & Co. (broker-dealer). |
Trustee of Equity Residential (residential real
estate) (since December 2009); Director of
Northern Trust Corporation (financial services)
(since April 2006); formerly Director of Anixter
International, Inc. (communication products
distributor) (January 2006-June 2020). |
Since March 2005 |
Barry H. Evans
1960
Board Member
Portfolios Overseen: 96 |
Retired; formerly President (2005-2016), Global
Chief Operating Officer (2014-2016), Chief
Investment Officer - Global Head of Fixed
Income (1998-2014), and various portfolio
manager roles (1986-2006), Manulife Asset
Management (asset management). |
Formerly Director, Manulife Trust Company
(2011-2018); formerly Director, Manulife Asset
Management Limited (2015-2017); formerly
Chairman of the Board of Directors of Manulife
Asset Management U.S. (2005-2016); formerly
Chairman of the Board, Declaration Investment
Management and Research (2008-2016). |
Since September 2017 |
Keith F. Hartstein
1956
Board Member &
Independent Chair
Portfolios Overseen: 97 |
Retired; Member (November 2014-September
2022) of the Governing Council of the
Independent Directors Council (IDC)
(organization of independent mutual fund
directors); formerly Executive Committee of the
IDC Board of Governors (October
2019-December 2021); formerly President and
Chief Executive Officer (2005-2012), Senior Vice
President (2004-2005), Senior Vice President of
Sales and Marketing (1997-2004), and various
executive management positions (1990-1997),
John Hancock Funds, LLC (asset management);
Chairman, Investment Company Institute’s
Sales Force Marketing Committee (2003-2008). |
None. |
Since September 2013 |
Independent Board Members |
|
| |
Name
Year of Birth
Position(s)
Portfolios Overseen |
Principal Occupation(s)
During Past Five Years |
Other Directorships
Held During
Past Five Years |
Length of
Board Service |
Laurie Simon Hodrick
1962
Board Member
Portfolios Overseen: 93 |
A. Barton Hepburn Professor Emerita of
Economics in the Faculty of Business, Columbia
Business School (since 2018); Visiting Fellow at
the Hoover Institution, Stanford University
(since 2015); Sole Member, ReidCourt LLC
(since 2008) (a consulting firm); formerly
Visiting Professor of Law, Stanford Law School
(2015-2021); formerly A. Barton Hepburn
Professor of Economics in the Faculty of
Business, Columbia Business School
(1996-2017); formerly Managing Director,
Global Head of Alternative Investment
Strategies, Deutsche Bank (2006-2008). |
Independent Director, Andela (since January
2022) (global talent network); Independent
Director, Roku (since December 2020)
(communication services); formerly Independent
Director, Synnex Corporation (2019-2021)
(information technology); formerly Independent
Director, Kabbage, Inc. (2018-2020) (financial
services); formerly Independent Director,
Corporate Capital Trust (2017-2018) (a
business development company). |
Since September 2017 |
Brian K. Reid
1961
Board Member
Portfolios Overseen: 96 |
Retired; formerly Chief Economist for the
Investment Company Institute (ICI)
(2005-2017); formerly Senior Economist and
Director of Industry and Financial Analysis at
the ICI (1998-2004); formerly Senior Economist,
Industry and Financial Analysis at the ICI
(1996-1998); formerly Staff Economist at the
Federal Reserve Board (1989-1996); Director,
ICI Mutual Insurance Company (2012-2017). |
None. |
Since March 2018 |
Grace C. Torres
1959
Board Member
Portfolios Overseen: 96 |
Retired; formerly Treasurer and Principal
Financial and Accounting Officer of the PGIM
Funds, Target Funds, Advanced Series Trust,
Prudential Variable Contract Accounts and The
Prudential Series Fund (1998-June 2014);
Assistant Treasurer (March 1999-June 2014)
and Senior Vice President (September
1999-June 2014) of PGIM Investments LLC;
Assistant Treasurer (May 2003-June 2014) and
Vice President (June 2005-June 2014) of AST
Investment Services, Inc.; Senior Vice President
and Assistant Treasurer (May 2003-June 2014)
of Prudential Annuities Advisory Services, Inc. |
Director (since January 2018) of OceanFirst
Financial Corp. and OceanFirst Bank; formerly
Director (July 2015-January 2018) of Sun
Bancorp, Inc. N.A. and Sun National Bank. |
Since November 2014 |
Interested Board Members | |||
Name
Year of Birth
Position(s)
Portfolios Overseen |
Principal Occupation(s)
During Past Five Years |
Other Directorships
Held During
Past Five Years |
Length of
Board Service |
Stuart S. Parker
1962
Board Member &
President
Portfolios Overseen: 96 |
President, Chief Executive Officer, Chief
Operating Officer and Officer in Charge of PGIM
Investments LLC (formerly known as Prudential
Investments LLC) (since January 2012);
President and Principal Executive Officer
(“PEO”) (since September 2022) of the PGIM
Private Credit Fund; President and PEO (since
March 2022) of the PGIM Private Real Estate
Fund, Inc.; formerly Executive Vice President of
Jennison Associates LLC and Head of Retail
Distribution of PGIM Investments LLC (June
2005-December 2011); Investment Company
Institute - Board of Governors (since May 2012). |
None. |
Since January 2012 |
Interested Board Members | |||
Name
Year of Birth
Position(s)
Portfolios Overseen |
Principal Occupation(s)
During Past Five Years |
Other Directorships
Held During
Past Five Years |
Length of
Board Service |
Scott E. Benjamin
1973
Board Member & Vice
President
Portfolios Overseen: 97 |
Executive Vice President (since May 2009) of
PGIM Investments LLC; Vice President (since
June 2012) of Prudential Investment
Management Services LLC; Executive Vice
President (since September 2009) of AST
Investment Services, Inc.; Senior Vice President
of Product Development and Marketing, PGIM
Investments (since February 2006); Vice
President (since September 2022) of the PGIM
Private Credit Fund; Vice President (since March
2022) of the PGIM Private Real Estate Fund,
Inc.; formerly Vice President of Product
Development and Product Management, PGIM
Investments LLC (2003-2006). |
None. |
Since March 2010 |
Fund Officers(a)
|
|
|
Name
Year of Birth
Fund Position |
Principal Occupation(s) During Past Five Years |
Length of
Service as Fund Officer |
Claudia DiGiacomo
1974
Chief Legal Officer |
Chief Legal Officer (since September 2022) of the PGIM Private Credit Fund; Chief Legal Officer (since July
2022) of the PGIM Private Real Estate Fund, Inc.; Chief Legal Officer, Executive Vice President and Secretary of
PGIM Investments LLC (since August 2020); Chief Legal Officer of Prudential Mutual Fund Services LLC (since
August 2020); Chief Legal Officer of PIFM Holdco, LLC (since August 2020); Vice President and Corporate
Counsel (since January 2005) of Prudential; and Corporate Counsel of AST Investment Services, Inc. (since
August 2020); formerly Vice President and Assistant Secretary of PGIM Investments LLC (2005-2020); formerly
Associate at Sidley Austin Brown & Wood LLP (1999-2004). |
Since December 2005 |
Isabelle Sajous
1976
Chief Compliance Officer |
Chief Compliance Officer (since April 2022) of PGIM Investments LLC, the PGIM Funds, Target Funds, PGIM ETF
Trust, PGIM Global High Yield Fund, Inc., PGIM High Yield Bond Fund, Inc., PGIM Short Duration High Yield
Opportunities Fund, Advanced Series Trust, The Prudential Series Fund and Prudential’s Gibraltar Fund, Inc.;
Chief Compliance Officer (since September 2022) of the PGIM Private Credit Fund; Chief Compliance Officer
(since March 2022) of the PGIM Private Real Estate Fund, Inc.; Vice President, Compliance of PGIM
Investments LLC (since December 2020); formerly Director, Compliance (July 2018-December 2020) of Credit
Suisse Asset Management LLC; and Vice President, Associate General Counsel & Deputy Chief Compliance
Officer of Cramer Rosenthal McGlynn, LLC (August 2014-July 2018). |
Since April 2022 |
Andrew R. French
1962
Secretary |
Vice President (since December 2018) of PGIM Investments LLC; Secretary (since September 2022) of the PGIM
Private Credit Fund; Secretary (since March 2022) of the PGIM Private Real Estate Fund, Inc.; formerly Vice
President and Corporate Counsel (2010-2018) of Prudential; formerly Director and Corporate Counsel
(2006-2010) of Prudential; Vice President and Assistant Secretary (since January 2007) of PGIM Investments
LLC; Vice President and Assistant Secretary (since January 2007) of Prudential Mutual Fund Services LLC. |
Since October 2006 |
Melissa Gonzalez
1980
Assistant Secretary |
Vice President and Corporate Counsel (since September 2018) of Prudential; Vice President and Assistant
Secretary (since August 2020) of PGIM Investments LLC; Assistant Secretary (since September 2022) of the
PGIM Private Credit Fund; Assistant Secretary (since March 2022) of the PGIM Private Real Estate Fund, Inc.;
formerly Director and Corporate Counsel (March 2014-September 2018) of Prudential. |
Since March 2020 |
Patrick E. McGuinness
1986
Assistant Secretary |
Vice President and Assistant Secretary (since August 2020) of PGIM Investments LLC; Director and Corporate
Counsel (since February 2017) of Prudential; Assistant Secretary (since September 2022) of the PGIM Private
Credit Fund; Assistant Secretary (since March 2022) of the PGIM Private Real Estate Fund, Inc. |
Since June 2020 |
Debra Rubano
1975
Assistant Secretary |
Vice President and Corporate Counsel (since November 2020) of Prudential; Assistant Secretary (since
September 2022) of the PGIM Private Credit Fund; Assistant Secretary (since March 2022) of the PGIM Private
Real Estate Fund, Inc; formerly Director and Senior Counsel of Allianz Global Investors U.S. Holdings LLC
(2010-2020) and Assistant Secretary of numerous funds in the Allianz fund complex (2015-2020). |
Since December 2020 |
Kelly A. Coyne
1968
Assistant Secretary |
Director, Investment Operations of Prudential Mutual Fund Services LLC (since 2010); Assistant Secretary
(since September 2022) of the PGIM Private Credit Fund; Assistant Secretary (since March 2022) of the PGIM
Private Real Estate Fund, Inc. |
Since March 2015 |
Fund Officers(a) |
|
|
Name
Year of Birth
Fund Position |
Principal Occupation(s) During Past Five Years |
Length of
Service as Fund Officer |
Christian J. Kelly
1975
Treasurer and Principal Financial
and Accounting Officer |
Vice President, Head of Fund Administration of PGIM Investments LLC (since November 2018); Principal
Financial Officer (since September 2022) of the PGIM Private Credit Fund; Principal Financial Officer (since
March 2022) of the PGIM Private Real Estate Fund, Inc.; formerly, Treasurer and Principal Accounting Officer
(March 2022- July 2022) of the PGIM Private Real Estate Fund, Inc.; formerly Director of Fund Administration of
Lord Abbett & Co. LLC (2009-2018), Treasurer and Principal Accounting Officer of the Lord Abbett Family of
Funds (2017-2018); Director of Accounting, Avenue Capital Group (2008-2009); Senior Manager, Investment
Management Practice of Deloitte & Touche LLP (1998-2007). |
Since January 2019 |
Lana Lomuti
1967
Assistant Treasurer |
Vice President (since 2007) and Director (2005-2007), within PGIM Investments Fund Administration; formerly
Assistant Treasurer (December 2007-February 2014) of The Greater China Fund, Inc. |
Since April 2014 |
Russ Shupak
1973
Assistant Treasurer |
Vice President (since 2017) and Director (2013-2017), within PGIM Investments Fund Administration;
Treasurer and Principal Accounting Officer (since July 2022) of the PGIM Private Real Estate Fund, Inc.;
Assistant Treasurer (since September 2022) of the PGIM Private Credit Fund; formerly Assistant Treasurer
(March 2022 – July 2022) of the PGIM Private Real Estate Fund, Inc. |
Since October 2019 |
Deborah Conway
1969
Assistant Treasurer |
Vice President (since 2017) and Director (2007-2017), within PGIM Investments Fund Administration. |
Since October
2019 |
Elyse M. McLaughlin
1974
Assistant Treasurer |
Vice President (since 2017) and Director (2011-2017), within PGIM Investments Fund Administration;
Treasurer and Principal Accounting Officer (since September 2022) of the PGIM Private Credit Fund; Assistant
Treasurer (since March 2022) of the PGIM Private Real Estate Fund, Inc. |
Since October 2019 |
Kelly Florio
1978
Anti-Money Laundering Compliance
Officer |
Vice President, Corporate Compliance, Global Compliance Programs and Compliance Risk Management (since
December 2021) of Prudential; formerly, Head of Fraud Risk Management (October 2019 to December 2021) at
New York Life Insurance Company; formerly, Head of Key Risk Area Operations (November 2018 to October
2019), Director of the US Anti-Money Laundering Compliance Unit (2009-2018) and Bank Loss Prevention
Associate (2006 -2009) at MetLife. |
Since June 2022 |
Name |
Aggregate Fiscal Year
Compensation from the Fund |
Pension or Retirement Benefits
Accrued as Part of Fund Expenses |
Estimated Annual Benefits
Upon Retirement |
Total Compensation from Fund
and Fund Complex for Most
Recent Calendar Year |
Compensation Received by Independent Board Members | ||||
Ellen S. Alberding*** |
$4,050 |
None |
None |
$332,000* (33/95)** |
Kevin J. Bannon |
$3,790 |
None |
None |
$312,000* (33/95)** |
Linda W. Bynoe |
$4,170 |
None |
None |
$332,000* (30/92)** |
Barry Evans*** |
$4,510 |
None |
None |
$341,500* (32/94)** |
Keith F. Hartstein |
$5,040 |
None |
None |
$406,000* (33/95)** |
Laurie Simon Hodrick*** |
$3,940 |
None |
None |
$316,000* (29/91)** |
Brian Reid |
$4,560 |
None |
None |
$330,500* (32/94)** |
Grace C. Torres |
$4,560 |
None |
None |
$345,500* (32/94)** |
Board Committee Meetings (for most recently completed fiscal year) |
| ||
Audit Committee |
Nominating & Governance Committee |
Dryden & Gibraltar Investment
Committees |
Compliance Committee |
4 |
4 |
4 |
4 |
Name |
Dollar Range of Equity
Securities in the Fund |
Aggregate Dollar Range of
Equity Securities in All
Registered Investment
Companies Overseen by
Board Member in Fund Complex |
Board Member Share Ownership: Independent Board Members | ||
Ellen S. Alberding |
None |
Over $100,000 |
Kevin J. Bannon |
Over $100,000 |
Over $100,000 |
Linda W. Bynoe |
None |
Over $100,000 |
Name |
Dollar Range of Equity
Securities in the Fund |
Aggregate Dollar Range of
Equity Securities in All
Registered Investment
Companies Overseen by
Board Member in Fund Complex |
Board Member Share Ownership: Independent Board Members | ||
Barry H. Evans |
None |
Over $100,000 |
Keith F. Hartstein |
None |
Over $100,000 |
Laurie Simon Hodrick |
None |
Over $100,000 |
Brian K. Reid |
None |
Over $100,000 |
Grace C. Torres |
None |
Over $100,000 |
Board Member Share Ownership: Interested Board Members | ||
Stuart S. Parker |
None |
Over $100,000 |
Scott E. Benjamin |
None |
Over $100,000 |
Management Fees Received by PGIM Investments from the Fund |
|
|
|
|
2022 |
2021 |
2020 |
Gross Fee |
$14,289,122 |
$13,870,343 |
$12,351,549 |
Amount Waived/ Reimbursed by PGIM Investments |
$(15,096) |
$(13,687) |
$(46,771) |
Net Fee |
$14,274,026 |
$13,856,656 |
$12,304,778 |
Subadvisory Fees Paid by PGIM Investments |
|
|
|
|
2022 |
2021 |
2020 |
Jennison Associates LLC |
$9,652,385 |
$9,359,240 |
$8,296,073 |
Other Funds and Investment Accounts Managed by the Portfolio Managers | |||
Portfolio Managers |
Registered Investment
Companies/Total Assets |
Other Pooled
Investment Vehicles/Total Assets |
Other Accounts/Total Assets* |
Jonathan M. Shapiro |
4/$377,749 |
7/$767,175 |
9/$1,549,952 |
Jason M. Swiatek, CFA |
3/$363,201 |
7/$767,175 |
10/$1,554,065 |
Personal Investments and Financial Interests of the Portfolio Managers | |
Portfolio Managers |
Investments and Other Financial Interests
in the Fund and Similar Strategies* |
Jonathan M. Shapiro |
$100,001-$500,000 |
Jason M. Swiatek, CFA |
Over $1,000,000 |
Securities Lending Activities: | |
Gross Income from securities lending activities |
$3,049,515 |
Fees and/or compensation for securities lending activities and related services |
|
Fees paid to securities lending agent from a revenue split |
$(64,218) |
Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral investment vehicle) |
$(170,585) |
Administrative fees not included in revenue split |
$— |
Indemnification fee not included in revenue split |
$— |
Rebate (paid to borrower) |
$(2,237,896) |
Other fees not included in revenue split (specify) |
$— |
Aggregate fees/compensation for securities lending activities |
$(2,472,699) |
Securities Lending Activities: | |
Net Income from securities lending activities |
$576,816 |
Fees Paid to PMFS |
|
Fund Name |
Amount |
PGIM Jennison Small Company Fund |
$441,968 |
Payments Received by the Distributor |
|
CLASS A CONTINGENT DEFERRED SALES CHARGES (CDSC) |
$1,025 |
CLASS A DISTRIBUTION AND SERVICE (12B-1) FEES |
$1,660,527 |
CLASS A INITIAL SALES CHARGES |
$189,947 |
CLASS C CONTINGENT DEFERRED SALES CHARGES (CDSC) |
$693 |
CLASS C DISTRIBUTION AND SERVICE (12B-1) FEES |
$180,214 |
CLASS R DISTRIBUTION AND SERVICE (12B-1) FEES |
$713,295 |
CLASS R2 DISTRIBUTION (12B-1) FEES |
$12,451 |
Amounts Spent by Distributor | ||||
Share Class |
Printing & Mailing
Prospectuses to Other than
Current Shareholders |
Compensation to Broker/Dealers for
Commissions to Representatives and
Other Expenses* |
Overhead Costs** |
Total Amount
Spent by Distributor |
Class A |
$- |
$1,328,737 |
$81,523 |
$1,410,260 |
Class C |
$- |
$143,056 |
$1,177 |
$144,233 |
Class R |
$- |
$710,308 |
$1,575 |
$711,883 |
Class R2 |
$- |
$12,437 |
$1,494 |
$13,931 |
Class R4 |
$- |
$- |
$383 |
$383 |
Offering Price Per Share | |
|
|
Class A |
|
NAV and redemption price per Class A share |
$16.38 |
Maximum initial sales charge (5.50% of the public offering price) |
$0.95 |
Maximum offering price to public |
$17.33 |
Class C |
|
Offering Price Per Share | |
NAV and redemption price per Class C share |
$21.86 |
Class R |
|
NAV and redemption price per Class R share |
$15.35 |
Class Z |
|
NAV and redemption price per Class Z share |
$19.31 |
Class R2 |
|
NAV and redemption price per Class R2 share |
$18.26 |
Class R4 |
|
NAV and redemption price per Class R4 share |
$18.54 |
Class R6 |
|
NAV and redemption price per Class R6 share |
$18.83 |
Brokerage Commissions Paid by the Fund | |||
|
2022 |
2021 |
2020 |
Total brokerage commissions paid by the Fund |
$1,522,088 |
$1,532,442 |
$1,892,852 |
Total brokerage commissions paid to affiliated brokers |
None |
None |
None |
Percentage of total brokerage commissions paid to affiliated brokers |
None |
None |
None |
Percentage of the aggregate dollar amount of portfolio transactions involving the payment of commissions to affiliated brokers |
None |
None |
None |
Broker-Dealer Securities Holdings ($) | |||
Fund Name |
Broker-Dealer |
Equity or Debt |
Amount |
PGIM Jennison Small Company Fund |
None |
None |
None |
Portfolio Turnover Rate |
|
|
Fund Name |
2022 |
2021 |
PGIM Jennison Small Company Fund |
53% |
64% |
Jennison Small Company Fund | |
Class A Common Stock |
200,000,000 |
Class B Common Stock |
10,000,000 |
Class C Common Stock |
50,000,000 |
Class R Common Stock |
175,000,000 |
Class Z Common Stock |
365,000,000 |
Class R2 Common Stock |
75,000,000 |
Class R4 Common Stock |
75,000,000 |
Class R6 Common Stock |
225,000,000 |
Class T Common Stock |
75,000,000 |
Principal Fund Shareholders (as of November 9,2022) | |||
Fund Name and Share Class |
Shareholder Name and Address |
No. of Shares |
% of Class |
PGIM Jennison Small Company Class A |
NATIONAL FINANCIAL SERVICES LLC
FOR EXCLUSIVE BENEFIT OF
OUR CUSTOMERS
ATTN: MUTUAL FUNDS DEPT - 4TH FLOOR
499 WASHINGTON BLVD
JERSEY CITY NJ 07310 |
3,074,749.279 |
11.61% |
PGIM Jennison Small Company Class A |
EDWARD D JONES & CO
ATTN: MUTUAL FUND SHAREHOLDER
ACCOUNTING
201 PROGRESS PKWY
MARYLAND HTS MO 63043-3003 |
1,667,315.111 |
6.29% |
PGIM Jennison Small Company Class A |
WELLS FARGO CLEARING SVCS LLC
SPECIAL CUSTODY ACCT FOR THE
EXCLUSIVE BENEFIT OF CUSTOMER
2801 MARKET ST
SAINT LOUIS MO 63103-2523 |
4,759,292.609 |
17.97% |
PGIM Jennison Small Company Class C |
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS
ATTN: MUTUAL FUNDS
211 MAIN ST
SAN FRANCISCO CA 94105 |
68,207.223 |
10.96% |
PGIM Jennison Small Company Class C |
NATIONAL FINANCIAL SERVICES LLC
FOR EXCLUSIVE BENEFIT OF
OUR CUSTOMERS
ATTN: MUTUAL FUNDS DEPT - 4TH FLOOR
499 WASHINGTON BLVD
JERSEY CITY NJ 07310 |
48,944.580 |
7.87% |
Principal Fund Shareholders (as of November 9,2022) | |||
Fund Name and Share Class |
Shareholder Name and Address |
No. of Shares |
% of Class |
PGIM Jennison Small Company Class C |
WELLS FARGO CLEARING SVCS LLC
SPECIAL CUSTODY ACCT FOR THE
EXCLUSIVE BENEFIT OF CUSTOMER
2801 MARKET ST
SAINT LOUIS MO 63103-2523 |
50,440.626 |
8.11% |
PGIM Jennison Small Company Class C |
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENEFIT OF ITS
CUSTOMERS
1 NEW YORK PLAZA FL 12
NEW YORK NY 10004-1901 |
51,461.737 |
8.27% |
PGIM Jennison Small Company Class C |
PERSHING LLC
1 PERSHING PLAZA
JERSEY CITY NJ 07399-0002 |
48,344.378 |
7.77% |
PGIM Jennison Small Company Class C |
RAYMOND JAMES
OMNIBUS FOR MUTUAL FUNDS
HOUSE ACCT FIRM 92500015
ATTN: COURTNEY WALLER
880 CARILLON PARKWAY
ST PETERSBURG FL 33716 |
162,382.000 |
26.09% |
PGIM Jennison Small Company Class Z |
NATIONAL FINANCIAL SERVICES LLC
FOR EXCLUSIVE BENEFIT OF
OUR CUSTOMERS
ATTN: MUTUAL FUNDS DEPT 4TH FLOOR
499 WASHINGTON BLVD
JERSEY CITY NJ 07310 |
2,570,671.323 |
13.51% |
PGIM Jennison Small Company Class Z |
WELLS FARGO CLEARING SVCS LLC
SPECIAL CUSTODY ACCT FOR THE
EXCLUSIVE BENEFIT OF CUSTOMER
2801 MARKET ST
SAINT LOUIS MO 63103-2523 |
2,504,716.720 |
13.16% |
PGIM Jennison Small Company Class Z |
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENEFIT OF ITS
CUSTOMERS
1 NEW YORK PLAZA FL 12
NEW YORK NY 10004-1901 |
1,926,003.663 |
10.12% |
PGIM Jennison Small Company Class Z |
CHARLES SCHWAB CO
211 MAIN ST
SAN FRANCISCO CA 94105-1901 |
2,647,801.525 |
13.91% |
PGIM Jennison Small Company Class Z |
MERRILL LYNC, PIERC, FENNER & SMITH
FOR THE SOLE BENEFIT OF ITS CUST
4800 DEER LAKE DR E
JACKSONVILLE FL 32246-6484 |
1,448,775.253 |
7.61% |
PGIM Jennison Small Company Class Z |
RAYMOND JAMES
OMNIBUS FOR MUTUAL FUNDS
HOUSE ACCT FIRM 92500015
ATTN: COURTNEY WALLER
880 CARILLON PARKWAY
ST PETERSBURG FL 33716 |
1,034,609.018 |
5.44% |
PGIM Jennison Small Company Class R |
PIMS/PRUDENTIAL RETIREMENT
AS NOMINEE FOR THE TTEE/CUST PL 007
PRUDENTIAL SMARTSOLUTION IRA
280 TRUMBULL ST.
HARTFORD CT 06103 |
548,614.325 |
7.63% |
PGIM Jennison Small Company Class R |
PIMS/PRUDENTIAL RETIREMENT
AS NOMINEE FOR THE TTEE/CUST PL 007
PRUDENTIAL SMARTSOLUTION IRA
280 TRUMBULL ST.
HARTFORD CT 06103 |
2,764,459.929 |
38.44% |
Principal Fund Shareholders (as of November 9,2022) | |||
Fund Name and Share Class |
Shareholder Name and Address |
No. of Shares |
% of Class |
PGIM Jennison Small Company Class R |
PIMS/PRUDENTIAL RETIREMENT
AS NOMINEE FOR THE TTEE/CUST PL 006
PRUDENTIAL SMARTSOLUTION IRA
280 TRUMBULL ST.
HARTFORD CT 06103 |
2,343,680.857 |
32.59% |
PGIM Jennison Small Company Class R2 |
RELIANCE TRUST CO TTEE
ADP ACCESS LARGE MARKET PRODUCT
201 17TH STREET NW S 1000
ATLANTA GA 30362 |
27,713.198 |
10.10% |
PGIM Jennison Small Company Class R2 |
DCGT AS TTEE AND/OR CUST
FBO PLIC VARIOUS RETIREMENT PLANS
OMNIBUS
ATTN: NPIO TRADE DESK
711 HIGH STREET
DES MOINES, IA 50392 |
81,661.191 |
29.75% |
PGIM Jennison Small Company Class R2 |
NATIONWIDE TRUST COMPANY FSB
C/O IPO PORTFOLIO ACCOUNTING
PO BOX 182029
COLUMBUS OH 43218-2029 |
126,159.244 |
45.97% |
PGIM Jennison Small Company Class R4 |
STATE STREET BANK AND TRUST TTEE
AND/OR CUSTODIAN
(FBO) ADP ACCESS PRODUCT
1 LINCOLN ST
BOSTON MA 02111-2901 |
6,581.144 |
16.03% |
PGIM Jennison Small Company Class R4 |
DCGT AS TTEE AND/OR CUST
FBO PLIC VARIOUS RETIREMENT PLANS
OMNIBUS
ATTN NPIO TRADE DESK
711 HIGH STREET
DES MOINES, IA 50392 |
5,303.706 |
12.92% |
PGIM Jennison Small Company Class R4 |
NATIONAL FINANCIAL SERVICES LLC
499 WASHINGTON BLVD
JERSEY CITY, NJ 07310 |
8,911.184 |
21.71% |
PGIM JENNISON SMALL COMPANY CL R4 |
MERRILL LYNC, PIERC, FENNER & SMITH
FOR THE SOLE BENEFIT OF ITS CUST
4800 DEER LAKE DR E
JACKSONVILLE FL 32246-6484 |
18,066.303 |
44.02% |
PGIM Jennison Small Company Class R6 |
TIAA, FSB CUST/TTEE FBO:
RETIREMENT PLANS FOR WHICH
TIAA ACTS AS RECORDKEEPER
ATTN: TRUST OPERATIONS
211 NORTH BROADWAY, SUITE 1000
ST. LOUIS, MO 63102-2733 |
7,025,654.633 |
8.06% |
PGIM Jennison Small Company Class R6 |
NATIONAL FINANCIAL SERVICES LLC
FOR EXCLUSIVE BENEFIT OF
OUR CUSTOMERS
ATTN: MUTUAL FUNDS DEPT 4TH FLOOR
499 WASHINGTON BLVD
JERSEY CITY NJ 07310 |
59,767,662.866 |
68.58% |
PGIM Jennison Small Company Class R6 |
EDWARD D JONES & CO
ATTN: MUTUAL FUND SHAREHOLDER
ACCOUNTING
201 PROGRESS PKWY
MARYLAND HTS MO 63043-3003 |
4,497,140.445 |
5.16% |
Control Persons (as of November 9, 2022) | |||
Fund Name |
Shareholder Name and Address |
No. of Shares |
% of Voting Securities |
PGIM JENN SMALL COMPANY |
NATIONAL FINANCIAL SERVICES LLC
FOR EXCLUSIVE BENEFIT OF
OUR CUSTOMERS
ATTN MUTUAL FUNDS DEPT 4TH FLOOR
499 WASHINGTON BLVD
JERSEY CITY NJ 07310 |
62,409,185.874 |
45.74% |
Name and Principal Business Address |
Positions and Offices with Underwriter |
Positions and Offices with Registrant |
Adam Scaramella (1)
|
President |
N/A |
Monica Oswald (3)
|
Executive Vice President |
N/A |
Stuart S. Parker (2)
|
Executive Vice President |
Board Member and
President |
Scott E. Benjamin (2)
|
Vice President |
Board Member and
Vice President |
Francine Boucher (1)
|
Senior Vice President, Chief
Legal Officer and Secretary |
N/A |
John N. Christolini (3)
|
Senior Vice President and
Co-Chief Compliance Officer |
N/A |
Robert Smit (2)
|
Senior Vice President, Comptroller
and Chief Financial Officer |
N/A |
Hansjerg Schlenker (2)
|
Senior Vice President and
Chief Operations Officer |
N/A |
Lenore J Paoli (3)
|
Senior Vice President and
Chief Risk Officer |
N/A |
Peter Puzio (3)
|
Senior Vice President |
N/A |
Kevin Chaillet (1)
|
Treasurer |
N/A |
Kelly Florio (4)
|
Vice President and Anti-Money
Laundering Officer |
Anti-Money Laundering
Compliance Officer |
Prudential Jennison Small Company Fund, Inc. |
* |
Stuart S. Parker, President |
Signature |
Title |
Date |
*
Ellen S. Alberding |
Director |
|
*
Kevin J. Bannon |
Director |
|
*
Scott E. Benjamin |
Director |
|
*
Linda W. Bynoe |
Director |
|
*
Barry H. Evans |
Director |
|
*
Keith F. Hartstein |
Director |
|
*
Laurie Simon Hodrick |
Director |
|
*
Stuart S. Parker |
Director and President, Principal Executive Officer |
|
*
Brian K. Reid |
Director |
|
*
Grace C. Torres |
Director |
|
*
Christian J. Kelly |
Treasurer, Principal Financial and Accounting
Officer |
|
*By: /s/ Patrick McGuinness
Patrick McGuinness |
Attorney-in-Fact |
November 29, 2022 |
|
|
/s/ Ellen S. Alberding
Ellen S. Alberding |
/s/ Laurie Simon Hodrick
Laurie Simon Hodrick |
/s/ Kevin J. Bannon
Kevin J. Bannon |
/s/ Christian J. Kelly
Christian J. Kelly |
/s/ Scott E. Benjamin
Scott E. Benjamin |
/s/ Stuart S. Parker
Stuart S. Parker |
/s/ Linda W. Bynoe
Linda W. Bynoe |
/s/ Brian K. Reid
Brian K. Reid |
/s/ Barry H. Evans
Barry H. Evans |
/s/ Grace C. Torres
Grace C. Torres |
/s/ Keith F. Hartstein
Keith F. Hartstein |
|
|
|
Dated: December 13, 2021 |
|