Prudential Jennison Market Neutral Z (PJNZX)
9.55 0.01(0.10%) Dec 11
* As of 30-Nov-13
Quotes delayed, except where indicated otherwise. Currency in USD.
- No Headlines available for PJNZX at this time.
|Symbol||% Assets||YTD Return %|
|Technology Select Sector SPDR||4.40||10.90|
|SPDR S&P 500||4.39||56.38|
|Consumer Discret Select Sector SPDR||4.39||54.34|
|Health Care Select Sector SPDR||4.37||49.07|
|Financial Select Sector SPDR||4.34||101.43|
|Morningstar Overall Rating:|
|Annual Report Expense Ratio (net):||1.60%|
Performance & Risk
|5y Avg Return:||N/A|
|Rank in Category (ytd):||60|
|% Rank in Category (ytd):||46.88%|
|Morningstar Risk Rating:||4|
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