PGIM Jennison Global Equity Income Fund (AGOCX)
The investment seeks income and capital appreciation. The fund invests under normal circumstances at least 80% of its investable assets in income-producing equity and equity-related securities. Equity and equity-related securities include common stocks, securities convertible or exchangeable for common stock or the cash value of such common stock, nonconvertible preferred stocks and convertible securities, warrants and rights that can be exercised to obtain stock.
Fund Info
| ISIN | US74441L8735 |
|---|---|
| CUSIP | 74441L873 |
| Issuer | PGIM Investments |
| Inception Date | Dec 30, 1997 |
| Category | Global Equities |
| Minimum Investment | $1,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
The PGIM Jennison Global Equity Income Fund has a high expense ratio of 1.94%, indicating higher-than-average management fees.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in PGIM Jennison Global Equity Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Return
PGIM Jennison Global Equity Income Fund had a return of 0.73% year-to-date (YTD) and -4.47% in the last 12 months. Over the past 10 years, PGIM Jennison Global Equity Income Fund had an annualized return of 5.96%, while the S&P 500 had an annualized return of 9.83%, indicating that PGIM Jennison Global Equity Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -3.08% | 1.70% |
| Year-To-Date | 0.73% | 9.53% |
| 6 months | -2.51% | 4.45% |
| 1 year | -4.47% | 1.14% |
| 5 years (annualized) | 4.69% | 9.10% |
| 10 years (annualized) | 5.96% | 9.83% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 4.03% | -1.93% | 0.72% | 1.87% | ||||||||
| 2022 | 9.64% | 8.70% | -3.77% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Global Equity Income Fund (AGOCX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
AGOCX PGIM Jennison Global Equity Income Fund | -0.13 | ||||
^GSPC S&P 500 | 0.27 |
Dividend History
PGIM Jennison Global Equity Income Fund granted a 9.15% dividend yield in the last twelve months. The annual payout for that period amounted to $1.01 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.01 | $0.99 | $0.71 | $1.10 | $1.53 | $2.68 | $0.81 | $0.22 | $1.63 | $1.31 | $0.98 | $0.43 |
Dividend yield | 9.15% | 9.10% | 5.77% | 10.65% | 15.68% | 33.28% | 9.31% | 2.88% | 22.76% | 17.15% | 13.96% | 7.92% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Jennison Global Equity Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | $0.01 | $0.00 | ||||||||
| 2022 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.86 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.58 |
| 2020 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.94 |
| 2019 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $1.38 |
| 2018 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $2.41 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.63 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 |
| 2015 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $1.44 |
| 2014 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.77 |
| 2013 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.77 |
| 2012 | $0.05 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.16 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the PGIM Jennison Global Equity Income Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the PGIM Jennison Global Equity Income Fund is 64.00%, recorded on Mar 9, 2009. It took 1164 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -64% | Nov 1, 2007 | 338 | Mar 9, 2009 | 1164 | Oct 22, 2013 | 1502 |
| -43.97% | May 22, 2001 | 344 | Oct 9, 2002 | 816 | Jan 6, 2006 | 1160 |
| -34.69% | Feb 20, 2020 | 23 | Mar 23, 2020 | 172 | Nov 24, 2020 | 195 |
| -24.53% | Jan 13, 2022 | 188 | Oct 12, 2022 | — | — | — |
| -20.05% | Apr 27, 2015 | 202 | Feb 11, 2016 | 356 | Jul 12, 2017 | 558 |
Volatility Chart
The current PGIM Jennison Global Equity Income Fund volatility is 3.07%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.