Focused on top-down commodity analysis and bottom-up fundamental research
KEY CHARACTERISTICS & MATERIALS
- Employs a relative value strategy and invests in high-quality companies with the ability to grow their dividends while providing the potential for capital appreciation and downside protection
$0.02 Billion as of 3/31/20
|Benchmark:||S&P 500 Index|
|No. of Holdings:||Typically 60 – 80|
Our Rising Dividend team is a part of Jennison’s Income & Infrastructure investment suite which also includes our Equity Income, Global Infrastructure, MLP, and Utility strategies. The investment teams’ extensive experience within the utility and telecommunication sectors, which has historically been two of the higher dividend-yielding sectors, is complemented by our MLP / midstream energy infrastructure experience. In addition, the investment team leverages the firm’s internal research analysts where there is constant discussion, debate, and sharing of ideas across the suite and the broader firm.Meet The Team
|As of March 31, 2020||Qtr||1 Year||3 Year||5 Year||10 Year||Since Inception|
|Rising Dividend Composite - Gross||-19.9||-6.5||4.3||5.3||-||6.5|
|Rising Dividend Composite - Net||-20.0||-7.0||3.8||4.8||-||6.1|
|S&P 500 Index||-19.6||-7.0||5.1||6.7||-||7.7|
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. Performance results are calculated in US dollars and reflect reinvestment of dividends and other earnings. Inception of Rising Dividend Composite: 3/31/14. 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.
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