PGIM Jennison Utility Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, PGIM Jennison Utility Fund held 31 positions with $3.32B in net assets. Its ten largest holdings made up 59.1% of the fund. The PRUAX share class costs 0.82% a year. Over the 12 months to May 2026, PRUAX returned 12.2%, with dividends reinvested. In 2026 Q2 it added 2 new positions and exited 2.
The investment objective of the Fund is total return through a combination of capital appreciation and current income .
The fund invests at least 80% of its assets in equity and debt securities of utility companies, including electric, gas, water, and multi-utilities, as well as independent power producers and related infrastructure businesses. The subadviser seeks stocks with stable and growing cash flows, targeting companies it believes are undervalued relative to earnings, cash flow, or asset value, and may hold positions until price targets are reached or the original investment thesis no longer holds. The fund is non-diversified, meaning it can concentrate a greater percentage of assets in fewer issuers than a diversified fund. Because the fund concentrates in utility companies and is non-diversified, returns depend on the performance of a limited number of issuers within a single sector.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
12.25% | $407.01M | 4.7M | $87.01 | |
ETRENTERGY CORP | 6.51% | $216.17M | 2.0M | $109.05 |
6.32% | $209.96M | 729.7K | $287.75 | |
SRESEMPRA | 5.33% | $177.13M | 2.0M | $89.13 |
VSTVISTRA CORP | 5.32% | $176.85M | 1.1M | $160.23 |
5.14% | $170.90M | 4.0M | $42.26 | |
5.00% | $166.22M | 1.8M | $92.05 | |
4.46% | $148.08M | 1.2M | $126.67 | |
AEEAMEREN CORP | 4.41% | $146.32M | 1.4M | $107.97 |
4.33% | $143.77M | 1.8M | $79.50 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-29 — not a live quote, and not what the fund paid.
All 31 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.78% |
| Cash & short-term | 2.45% |
By sector
- Utilities
- 94.3%
- International
- 2.6%
- Cash
- 2.4%
- Industrials
- 0.7%
How it has done
PRUAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 16.15%. Past returns are a record, not a forecast.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.82% | +12.21% | +52.92% | +59.26% | -9.80% | |
| 1.62% | +11.40% | +49.39% | +53.23% | -9.93% | |
| 0.56% | +12.59% | +54.24% | +61.59% | -9.71% | |
| 1.10% | +11.94% | +51.75% | +57.23% | -9.87% | |
| 0.48% | +12.64% | +54.50% | +62.14% | -9.77% |
These classes hold the same portfolio, so the 8.91pp spread over 5 years is the cost difference between them — roughly 1.78pp a year — not a difference in what they own.
Fees & fund details
PGIM Jennison Utility Fund is an actively managed U.S. equity fund. 0% of PRUAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 94% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 0.48% – 1.62%· PRUAX 0.82%
- Portfolio turnover
- 37.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
2 new
2 exited
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