Dow Down 0.02% Nasdaq Up 0.07%

Prudential Jennison Market Neutral R (PJNRX)

8.78 Up 0.02(0.23%) Nov 25
Prev Close:8.78
YTD Return*:-6.50%
Net Assets*:29.16M

* As of 31-Oct-14

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


  • No Headlines available for PJNRX at this time.

Top Holdings

Symbol% AssetsYTD Return %
Financial Select Sector SPDR® ETF27.1935.19
Technology Select Sector SPDR® ETF27.1638.22
SPDR® S&P 500 ETF26.91N/A
Energy Select Sector SPDR® ETF25.16N/A
Health Care Select Sector SPDR® ETF22.56N/A

Fund Basics

Morningstar Overall Rating:
Total Assets:29.16M
Category:Market Neutral
Annual Report Expense Ratio (net):4.09%

Performance & Risk

YTD Return:-6.50%
5y Avg Return:N/A
Rank in Category (ytd):96
% Rank in Category (ytd):51.89%
Beta (3y):-0.23
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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