Dow Down 0.22% Nasdaq Up 0.14%

Prudential Jennison Market Neutral C (PJNCX)

8.83 Up 0.03(0.34%) Aug 22
Prev Close:8.80
YTD Return*:-3.82%
Net Assets*:44.06M
Yield*:N/A

* As of 31-Jul-14

Quotes delayed, except where indicated otherwise. Currency in USD.

Headlines

  • No Headlines available for PJNCX at this time.

Top Holdings

Symbol% AssetsYTD Return %
Health Care Select Sector SPDR® ETF38.2320.42
Energy Select Sector SPDR® ETF32.6520.69
Financial Select Sector SPDR® ETF31.7036.00
SPDR S&P 50031.58N/A
Technology Select Sector SPDR® ETF31.51N/A

Fund Basics

Morningstar Overall Rating:
Total Assets:44.06M
Category:Market Neutral
Annual Report Expense Ratio (net):4.59%

Performance & Risk

YTD Return:-3.82%
5y Avg Return:N/A
Rank in Category (ytd):92
% Rank in Category (ytd):48.17%
Beta (3y):-0.30
Morningstar Risk Rating:4

Fund Summary

The investment seeks long-term capital appreciation while preserving capital by using strategies designed to produce returns that have a low correlation to U.S. equity markets. The fund employs a "market neutral" strategy, utilizing both long and short positions in equity and equity-related securities while seeking to preserve capital during declining U.S. equity markets. It generally seeks to short equity securities and equity-based ETFs. The fund is generally expected that its short exposure will be in the 60-100% range. In pursuing its market neutral strategy, the fund seeks a total return greater than the return on three-month U.S. Treasury bills. View More
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