Mid Cap
Growth

Focused on companies with strong projected earnings growth

KEY CHARACTERISTICS & MATERIALS



OVERVIEW

  • We seek to capture inflection points in growth rates or the business model, looking for companies transitioning from early-stage growth to a more mature, seasoned level of performance
  • We look for companies with average EPS growth, sustainable and/or improving growth over the investment horizon, strong business fundamentals, and stable and enduring franchise value
  • Valuation is important, as we think the market often under-appreciates the performance of steady growth companies

 




    CHARACTERISTICS

Composite Inception: 12/31/96
Strategy AUM: $1.9 Billion as of 3/31/20
Benchmark: Russell Midcap® Growth
No. of Holdings: Typically 80 – 90
Max. Position Size: 4%
Turnover: 30 – 50% under normal market conditions
Active Share: Approximately 75%
Cash: <5%
Available Vehicles:
  • Institutional Separate Account
  • Mutual Fund
  • Managed Account (SMA)










PORTFOLIO MANAGEMENT



Sheetal M. Prasad, CFA

Sheetal M. Prasad, CFA

Managing Director

Sheetal M. Prasad, CFA

Managing Director

VIEW BIO
Benjamin F. Bryan, CFA

Benjamin F. Bryan, CFA

Managing Director

Benjamin F. Bryan, CFA

Managing Director

VIEW BIO

Our Mid Cap team includes two portfolio managers and three research professionals. The investment universe is divided by sectors and/or industries, with individual team members having responsibility within their areas of expertise. Portfolio managers and analysts continually discuss the merits and risks of each security, reviewing the fundamental outlook and stock valuation. This interactive process leverages the knowledge and skill of the entire investment team.

Meet The Team




PERFORMANCE DATA


As of March 31, 2020Qtr1 Year3 Year5 Year10 YearSince Inception
Mid Cap Growth Equity Composite - Gross-19.9-7.45.34.29.910.3
Mid Cap Growth Equity Composite - Net-19.9-7.75.03.99.69.9
Russell Midcap Growth Index-20.0-9.46.55.610.98.2


Source: Jennison/Mellon Analytical Solutions. Source for Russell® Index data: Mellon Analytical Solutions. Past performance does not guarantee future results. Performance results are calculated in US dollars and reflect reinvestment of dividends and other earnings. Inception of Mid Cap Growth Equity Composite: 12/31/96. 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.

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.