Small Cap
Core

Focused on investing across the growth/value spectrum

KEY CHARACTERISTICS & MATERIALS



OVERVIEW

  • A research-intensive approach is used to build diversified portfolios with stocks in a variety of different industries and sectors
  • The team seeks to uncover companies that have attractive valuations and should experience solid earnings growth on an intermediate-term basis
  • The underlying philosophy is to buy businesses rather than just stocks

 




    CHARACTERISTICS

Composite Inception: 4/30/98
Strategy AUM: $2,274.7 Million as of 9/30/19
Benchmark: Russell 2000® Index
No. of Holdings: Typically 110 – 135
Avg. Position Size: <2.5%
Turnover: 40– 60% under normal market conditions
Active Share: Approximately 90%
Cash: <5%
Available Vehicles:
  • Institutional Separate Account
  • Collective Investment Trust










PORTFOLIO MANAGEMENT



John P. Mullman, CFA

John P. Mullman, CFA

Managing Director

John P. Mullman, CFA

Managing Director

VIEW BIO
Jason M. Swiatek, CFA

Jason M. Swiatek, CFA

Managing Director

Jason M. Swiatek, CFA

Managing Director

VIEW BIO
Sheetal M. Prasad, CFA

Sheetal M. Prasad, CFA

Managing Director

Sheetal M. Prasad, CFA

Managing Director

VIEW BIO
Eric T. Sartorius, CFA

Eric T. Sartorius, CFA

Managing Director

Eric T. Sartorius, CFA

Managing Director

VIEW BIO

Our Small Cap team includes four 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 September 30, 2019Qtr1 Year3 Year5 Year10 YearSince Inception
Small Cap Core Equity Composite - Gross-3.0-8.09.37.712.69.6
Small Cap Core Equity Composite - Net-3.1-8.58.67.012.08.9
Russell 2000 Index-2.4-8.98.28.211.26.9


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 Small Cap Core Equity Composite: 4/30/98. 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.

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.

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.

For visitors domiciled in Canada: Jennison Associates LLC ("Jennison") has its principal place of business in the United States and is not registered in Canada and relies on the international adviser registration exemption in NI 31‐103 and is limited to providing services to "permitted clients."

In Australia, Jennison Associates LLC ("Jennison") has authorized the issue of this material for use solely by wholesale clients as defined in the Corporations Act of 2001. A registered investment adviser regulated by the SEC, Jennison is exempt from the need to hold an Australian financial services license (AFSL) for financial services provided to Australian wholesale clients on certain conditions. Financial services provided by Jennison are regulated by the SEC under the laws and regulatory requirements of the United States, which are different from the laws applying in Australia.

In Hong Kong, information is presented by representatives of PGIM (Hong Kong) Limited, a regulated entity with the Securities and Futures Commission in Hong Kong to professional investors as defined in Part 1 of Schedule 1 of the Securities and Futures Ordinance.

In Singapore, information is issued by PGIM (Singapore) Pte. Ltd. (“PGIM Singapore”), a Singapore investment manager that is licensed as a capital markets service license holder by the Monetary Authority of Singapore and an exempt financial adviser. These materials are issued by PGIM Singapore for the general information of “institutional investors” pursuant to Section 304 of the Securities and Futures Act, Chapter 289 of Singapore (the “SFA”) and “accredited investors” and other relevant persons in accordance with the conditions specified in Sections 305 of the SFA.

For information on other jurisdictions, please see our Terms and Conditions.

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.