Top-down commodity analysis fused with bottom-up, fundamental research
KEY CHARACTERISTICS & MATERIALS
- Utilizing top-down analysis fused with bottom-up, fundamental research to uncover companies that can organically grow both reserves and production, control costs, and provide the needed technology and infrastructure used in the search for reserves and the final production process
- We believe focusing on a long-term secular opportunities, rather than short-term tactical considerations can generate excess returns over the long-term
$0.4 Billion as of 3/31/20
|Benchmark:||Global Natural Resources Custom Index|
|No. of Holdings:||Typically 60 – 80|
|Turnover:||20 - 35% under normal market conditions|
Our Natural Resources team is comprised of two portfolio manager/analysts and one dedicated analyst. Additionally, the team is supported by the sharing of intellectual capital and close interaction across Jennison’s energy value chain research approach, which consists of specialized analysts that focus on those specific sectors/industries within the upstream, midstream, and downstream energy infrastructure space.
The close interaction of portfolio managers and analysts provides a forum in which investment ideas and conviction in specific securities are born. The extensive knowledge and experience investing within these specialized industries contributes to our deep understanding across the entire energy value chain and we believe can provide us a competitive advantage in constructing specialty sector-oriented portfolios on behalf of our clients.Meet The Team
|As of March 31, 2020||Qtr||1 Year||3 Year||5 Year||10 Year||Since Inception|
|Global Natural Resources Equity Composite - Gross||-43.1||-42.6||-18.9||-12.3||-7.3||7.0|
|Global Natural Resources Equity Composite - Net||-43.2||-43.0||-19.4||-12.8||-7.7||6.4|
|Global Natural Resources Custom Index||-38.9||-39.4||-16.9||-10.0||-5.7||-|
Source: Jennison/Lipper. Past performance does not guarantee future results. Performance results are calculated in US dollars and reflect reinvestment of dividends and other earnings. Inception of the Global Natural Resources Equity Composite: 8/31/91. Inception of Global Natural Resources Custom Index 1/1/92. Periods greater than one year are annualized. Please refer to the GIPS presentation for additional details, important performance information and 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.
This web site is not intended as an offer or solicitation with respect to the purchase or sale of any security or other financial instrument or any investment management services. It does not constitute investment advice, should not be used as the basis for any investment decision, and does not purport to provide any legal, tax or accounting advice. This is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence.
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.
Links to third-party sites are intended for informational purposes only and should not be considered investment advice or recommendation to invest. These links do not constitute endorsement or confirm their accuracy, and we are not responsible for any third-party guidelines, security, or accuracy of information.