Utility
Equity

A comprehensive approach to utility investing

KEY CHARACTERISTICS & MATERIALS



OVERVIEW

  • Jennison has been a pioneer in utility investing managing one of the largest US utility mutual fund strategies since the 1990s
  • Broader definition of the universe enables us to invest in traditional, regulated utility companies, but also incorporates a broader universe to include midstream infrastructure, telecom services/infrastructure companies

 




    CHARACTERISTICS

Composite Inception: 7/31/94
Strategy AUM: $2.9 Billion as of 3/31/20
Benchmark: S&P 500 Utilities Index
No. of Holdings: Typically 40 – 60
Market Cap: All-Cap
Turnover: 30 - 45% under normal market conditions
Available Vehicles:









PORTFOLIO MANAGEMENT



Ubong

Ubong "Bobby" Edemeka

Managing Director

Ubong "Bobby" Edemeka

Managing Director

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Shaun Hong, CFA

Shaun Hong, CFA

Managing Director

Shaun Hong, CFA

Managing Director

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Teresa Ho Kim, CFA

Teresa Ho Kim, CFA

Managing Director

Teresa Ho Kim, CFA

Managing Director

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Our Utility team is a part of Jennison’s Value investment suite which also includes our Large Cap Value, Focused Value, Core Equity, Equity Income, Rising Dividend, Global Infrastructure, MLP and Global Natural Resources strategies. Jennison has been a pioneer in utility investing with a history dating back to the 1970’s and has been managing one of the largest utility strategies in the US since the 1990’s. Our investment teams’ extensive experience within the utility and telecommunication sectors, which have historically been dividend-oriented sectors, is complemented by our midstream energy infrastructure experience.

Meet The Team




PERFORMANCE DATA


As of March 31, 2020Qtr1 Year3 Year5 Year10 YearSince Inception
Utility Equity Composite - Gross-14.4-2.86.35.711.210.7
Utility Equity Composite - Net*-14.6-3.35.95.410.910.1
S&P Composite 1500 Utilities Index-14.0-2.85.98.310.7-


*Beginning 4/1/18, net of fees performance shown reflects the deduction of a model fee.
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 Utility Equity Composite: 7/31/94. Inception of S&P Composite 1500® Utilities Index: 12/31/94. 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.

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