Equity

Global Infrastructure

Focused on a broader, disciplined definition of infrastructure

Overview

Global, diversified and flexible portfolio construction designed to provide the potential for higher upside capture compared to more defensive infrastructure strategies, while still mitigating downside capture
Jennison has been a pioneer in utility investing managing one of the largest utility strategies in the US since the 1990’s
Resources from our Energy Value Chain Research Platform further enhances our deep understanding of the infrastructure landscape, which is instrumental in constructing infrastructure-oriented portfolios for our clients

Characteristics & Performance

Composite Inception	7/31/2008
Strategy AUM	$0.2 Billion as of 6/30/26
Benchmark	S&P Global Infrastructure Index
Holdings Range	Typically 40-60

Past performance does not guarantee future results. Inception of the Global Infrastructure Composite: 7/31/08. Source: Jennison. Gross of fee performance is presented before custodial and Jennison's actual advisory fees but after transaction costs. Net of fee performance is presented net of Jennison’s actual advisory fees and transaction costs. *Index returns are reported net of reclaimable and non-reclaimable withholding taxes.

Characteristics are intended to provide a general illustration of the investment strategy and considerations used by Jennison in managing that strategy during normal market conditions and may change over time. Characteristics do not represent actual portfolio guidelines, which are negotiated with clients.

Performance results are calculated in US dollars and reflect reinvestment of dividends and other earnings. Periods greater than one year are annualized. Please refer to the GIPS presentation, which includes fee information and criteria for composite performance creation.