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25th Anniversary25thAnniversary

Jennison Small Cap Core Marks Major Milestone

In our 25 years of small cap investing, market cycles have come and gone, but the fundamentals of high-quality companies have remained remarkably consistent over this time, in our view. As bottom-up, long-term investors, it is our mission to invest in complex or underappreciated companies and build strong relationships with their management teams.

We believe we are approaching an exciting period for small cap companies. A global change in market conditions is challenging the past market cycle leaders and may be creating an opportunity for a prolonged small cap run. Our disciplined process and our high-conviction portfolios—which offer broad diversification within the small cap asset class—should position us well to capitalize on this potential opportunity.

Small Cap Core
Equity

Small Cap Core

Jennison’s Small Cap Core Equity Strategy webpage provides an overview of the strategy, its objective, and investment philosophy.

Market Factors Suggest Sustainable Rotation into Small Caps
Interview

Market Factors Suggest Sustainable Rotation into Small Caps

By Jason M. Swiatek, CFA — May 26, 2023

We believe many prevailing market conditions are ushering in new market leaders.

The Beginning of a New Durable Cycle for Small Caps?
Small Cap Core

The Beginning of a New Durable Cycle for Small Caps?

Dec 13, 2022

Current market conditions may be setting up a potential run of long-term outperformance for small cap stocks.

Small Cap Approach Honed over 25 Years
Interview

Small Cap Approach Honed over 25 Years

By Jason M. Swiatek, CFA — May 26, 2023

A process designed to identify what we believe are quality businesses led by capable management teams.

Small Caps: A Closer Look at Volatility
Small Cap Core

Small Caps: A Closer Look at Volatility

Jun 6, 2022

In small cap, the concentrated risk in pure value and growth approaches has historically led to more divergent outcomes.

Small Cap Core Factsheet
Equity

Small Cap Core Factsheet

Jun 30, 2023

Jennison’s Small Cap Core Equity Strategy factsheet provides up to date performance data along with a brief summary of the strategy and investment team.

This information does not constitute investment advice or an offer to invest or to provide discretionary investment management services. Jennison makes no representations regarding the suitability of any securities, financial instruments or strategies described herein.  In providing this information, Jennison is not acting as your fiduciary.  This information does not purport to provide any legal, tax or accounting advice.

There is no guarantee our objectives will be met. All investments contain risk, including possible loss of principal. The strategy may vary significantly from the benchmark in several ways including, but not limited to, sector and issuer weightings, portfolio characteristics, and security types.

When comparing the performance of a manager to its benchmark(s), please note that the manager's holdings and portfolio characteristics may differ from those of the benchmark(s). Additional factors affecting the performance displayed herein may include portfolio-rebalancing, the timing of cash flows, and differences in volatility, none of which impact the performance of the financial indexes. Financial indexes assume reinvestment of dividends but do not reflect the impact of fees, applicable taxes, or trading costs which may also reduce the returns shown. All indexes referenced in this material are registered trade names or trademark/service marks of third parties. References to such trade names or trademark/service marks and data are proprietary and confidential and cannot be redistributed without Jennison's prior consent. Investors cannot directly invest in an index.

Please visit https://www.jennison.com/gips-small-cap-core-equity-composite for the latest Small Cap Core Equity Composite presentation for additional performance and fee information, and criteria for composite performance creation.

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Jennison Associates LLC. All Rights Reserved.

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 under the U.S. Investment Advisers Act of 1940, as amended, and a Prudential Financial, Inc. (“PFI”) company. Registration as a registered investment adviser does not imply a certain level of skill or training.  Jennison Associates LLC has not been licensed or registered to provide investment services in any jurisdiction outside the United States. Additionally, vehicles may not be registered or available for investment in all jurisdictions. Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. 

Please visit https://www.jennison.com/important-disclosuresopens in a new window 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.

The views expressed herein are those of Jennison investment professionals at the time the comments were made and may not be reflective of their current opinions and are subject to change without notice and should not be considered investment advice.

Certain third party information in this material has been obtained from sources that Jennison believes to be reliable as of the date presented; however, Jennison cannot guarantee the accuracy of such information, assure its completeness, or warrant such information will not be changed. Jennison has no obligation to update any or all such third party information.

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.

There is no guarantee our objectives will be met. All investments contain risk, including possible loss of principal. The strategy may vary significantly from the benchmark in several ways including, but not limited to, sector and issuer weightings, portfolio characteristics, and security types.

Information for persons in the United Kingdom and various European Economic Area jurisdictions
In the United Kingdom, information is issued by PGIM Limited with registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 193418). In the European Economic Area (“EEA”), information is issued by PGIM Netherlands B.V. with registered office: Gustav Mahlerlaan 1212, 1081 LA  Amsterdam, The Netherlands. PGIM Netherlands B.V. is authorised by the Autoriteit Financiële Markten (“AFM”) in the Netherlands (Registration number 15003620) and operating on the basis of a European passport. In certain EEA countries, information is, where permitted, presented by PGIM Limited in reliance of provisions, exemptions or licenses available to PGIM Limited under temporary permission arrangements following the exit of the United Kingdom from the European Union. Jennison Associates LLC, PGIM Limited & PGIM Netherlands B.V. are wholly owned subsidiaries of PGIM, Inc. the principal investment management business of Prudential Financial, Inc. (‘PFI’).  PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. These materials are issued by PGIM Limited and/or PGIM Netherlands B.V. to persons who are professional clients as defined  under the rules of the FCA and/or to persons who are professional clients as defined in the relevant local implementation of Directive 2014/65/EU (MiFID II).

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.

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