Financial
Services

Unconstrained, high conviction approach across the full spectrum of financial services businesses

KEY CHARACTERISTICS & MATERIALS



OVERVIEW

  • Team approach leverages three independent sources from our Growth, Value, and Small/Mid Cap teams
  • Holdings are biased toward differentiated business models with fundamentals inflecting higher, high quality management teams, and non-traditional industries with long duration growth profiles

 




    CHARACTERISTICS

Composite Inception: 11/30/17
Strategy AUM: $0.1 Billion as of 3/31/20
Benchmark: S&P Composite 1500 Financials Index
No. of Holdings: Typically 25 – 40
Max. Positions Size: Typically <7%
Available Vehicles:









PORTFOLIO MANAGEMENT



Steven A. Gavios

Steven A. Gavios

Managing Director

Steven A. Gavios

Managing Director

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Jonathan M. Shapiro

Jonathan M. Shapiro

Managing Director

Jonathan M. Shapiro

Managing Director

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Andrew M. Tucker, CFA

Andrew M. Tucker, CFA

Managing Director

Andrew M. Tucker, CFA

Managing Director

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Experienced, interactive and overlapping analyst coverage across all financial services sectors.

Meet The Team




PERFORMANCE DATA


As of March 31, 2020Qtr1 Year3 Year5 Year10 YearSince Inception
Financial Services Equity Composite - Gross-31.5-18.9----8.7
Financial Services Equity Composite - Net*-31.5-19.3----9.2
S&P 1500 Super Composite Financials Index-32.1-18.0----9.7


*Net of fee performance shown reflects the deduction of a model fee. Due to the inclusion of performance based fee accounts, model net of fee performance presented herein may be higher or lower than the actual net of fee performance of the composite. Model net of fee performance is based on the highest tier of the standard asset-based fee schedule (0.55%). Actual net of fee returns are available upon request and are calculated using estimated performance fee accruals, where applicable, which are subject to change based on the account’s performance as of each period end until the actual fees are invoiced. Inception of Financial Services Equity Composite: 11/30/17. Periods greater than 1 year are annualized unless otherwise noted. See Financial Services Equity Composite presentation and Portfolio Notes in the Appendix for additional performance information and term definitions. Past performance does not guarantee future results.

Source: Jennison/Standard & Poor’s or FT Interactive Data Corporation. Past performance does not guarantee future results. Performance results are calculated in US dollars and reflect reinvestment of dividends and other earnings. Inception of Financial Services Equity Composite: 11/30/17. Periods greater than one year are annualized. Please refer to the GIPS presentation for additional details, important performance information and disclosures.



This website is intended for Institutional and Professional Investors only. All investments involve risk, including the possible loss of capital.

Important Disclosures

Jennison Associates is a registered investment advisor and a Prudential Financial company. Jennison Associates LLC has not been licensed or registered to provide investment services in any jurisdiction outside the United States. Certain investment vehicles are distributed or offered through Prudential Investment Management Services LLC (also a Prudential Financial Company) or other affiliated entities. Additionally, vehicles may not be registered or available for investment in all jurisdictions.

Please click on this disclosure link for important information, including information on non-US jurisdictions.

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Your investment objectives, risk tolerance, and liquidity needs must be reviewed before suitable programs can be recommended. Asset allocation and diversification strategies do not assure a profit or protect against loss in declining markets. Investors should consult with their attorney, accountant, and/or tax professional for advice concerning their particular situation.

Please remember that there are inherent risks involved with investing in the markets, and your investments may be worth more or less than your initial investment upon redemption. There is no guarantee that the investment managers’ objectives will be achieved. Further, there is no assurance that any strategies, methods, sectors, or any investment programs herein were or will prove to be profitable, or that any investment recommendations or decisions we make in the future will be profitable for any investor or client. Professional money management is not suitable for all investors.

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