PGIM Jennison MLP Fund (PRPZX)
The fund seeks to provide total return through a combination of current income and capital appreciation. It normally invests at least 80% of its investable assets in master limited partnerships (MLPs) and MLP related investments (together, MLP investments). The term "investable assets" refers to the fund's net assets plus any borrowings for investment purposes. The fund's investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. It is non-diversified.
Fund Info
US74440G8832
74440G883
Dec 17, 2013
$0
Mid-Cap
Value
Expense Ratio
PRPZX has a high expense ratio of 1.19%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PGIM Jennison MLP Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PGIM Jennison MLP Fund had a return of 5.60% year-to-date (YTD) and 33.51% in the last 12 months. Over the past 10 years, PGIM Jennison MLP Fund had an annualized return of 4.54%, while the S&P 500 had an annualized return of 11.31%, indicating that PGIM Jennison MLP Fund did not perform as well as the benchmark.
PRPZX
5.60%
-3.93%
16.95%
33.51%
15.38%
4.54%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PRPZX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.96% | 5.60% | |||||||||||
| 2024 | 0.83% | 4.19% | 5.97% | -0.88% | 2.16% | 3.27% | 1.71% | 2.53% | 0.59% | 3.31% | 12.49% | -7.40% | 31.41% |
| 2023 | 3.49% | -2.61% | -1.32% | 1.19% | -2.13% | 5.66% | 4.20% | 1.03% | 0.42% | -0.56% | 5.20% | -1.76% | 13.07% |
| 2022 | 6.94% | 3.96% | 4.83% | -1.30% | 4.22% | -10.94% | 10.05% | 2.42% | -7.03% | 11.42% | 1.92% | -5.23% | 20.43% |
| 2021 | 4.40% | 5.21% | 6.08% | 5.35% | 7.72% | 5.46% | -4.53% | -0.60% | 5.02% | 5.77% | -6.31% | 2.02% | 40.50% |
| 2020 | -3.42% | -9.39% | -37.48% | 23.92% | 6.65% | -4.45% | 0.23% | 1.91% | -9.09% | 1.80% | 15.77% | 0.44% | -24.05% |
| 2019 | 13.71% | 1.43% | 4.12% | -0.85% | -3.33% | 3.30% | -2.18% | -3.14% | 1.87% | -4.75% | -2.03% | 7.69% | 15.34% |
| 2018 | 3.78% | -9.69% | -3.80% | 6.07% | 5.90% | -0.55% | 4.56% | 0.24% | -1.74% | -7.89% | -0.98% | -9.26% | -14.16% |
| 2017 | 1.70% | 1.06% | 0.24% | -1.08% | -3.33% | -0.63% | 1.15% | -3.50% | 1.33% | -4.84% | -1.64% | 5.55% | -4.35% |
| 2016 | -10.49% | 2.54% | 8.90% | 10.36% | 3.26% | 3.77% | -0.88% | 2.44% | 3.14% | -2.80% | 2.34% | 2.23% | 25.90% |
| 2015 | -2.25% | 2.83% | -1.90% | 3.13% | 0.52% | -3.67% | -5.40% | -6.61% | -18.98% | 9.21% | -8.28% | -7.07% | -34.39% |
| 2014 | 0.96% | 1.16% | 1.42% | 3.28% | 3.42% | 4.69% | -2.11% | 4.96% | -1.33% | -2.53% | -2.11% | -0.89% | 11.05% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 89, PRPZX is among the top 11% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM Jennison MLP Fund (PRPZX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PGIM Jennison MLP Fund provided a 47.80% dividend yield over the last twelve months, with an annual payout of $3.16 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.16 | $3.25 | $0.48 | $0.40 | $0.32 | $0.35 | $0.45 | $0.46 | $0.46 | $0.46 | $0.45 | $0.43 |
Dividend yield | 47.80% | 52.00% | 6.53% | 5.74% | 5.24% | 7.63% | 6.96% | 7.61% | 6.24% | 5.57% | 6.42% | 3.87% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Jennison MLP 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.10 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.13 | $2.75 | $3.25 |
| 2023 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.13 | $0.00 | $0.48 |
| 2022 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.40 |
| 2021 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.32 |
| 2020 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.07 | $0.00 | $0.35 |
| 2019 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.45 |
| 2018 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.46 |
| 2017 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.46 |
| 2016 | $0.00 | $0.09 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.46 |
| 2015 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.45 |
| 2014 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.10 | $0.00 | $0.43 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM Jennison MLP Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PGIM Jennison MLP Fund was 69.61%, occurring on Mar 18, 2020. Recovery took 840 trading sessions.
The current PGIM Jennison MLP Fund drawdown is 5.58%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -69.61% | Sep 2, 2014 | 1396 | Mar 18, 2020 | 840 | Jul 20, 2023 | 2236 |
| -11.11% | Dec 2, 2024 | 13 | Dec 18, 2024 | 18 | Jan 16, 2025 | 31 |
| -7.15% | Jan 22, 2025 | 4 | Jan 27, 2025 | — | — | — |
| -6.01% | Jul 23, 2024 | 10 | Aug 5, 2024 | 15 | Aug 26, 2024 | 25 |
| -5.22% | Dec 4, 2023 | 7 | Dec 12, 2023 | 45 | Feb 16, 2024 | 52 |
Volatility
Volatility Chart
The current PGIM Jennison MLP Fund volatility is 8.33%, 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.