- ISIN
- US74440G8832
- CUSIP
- 74440G883
- Issuer
- PGIM
- Inception Date
- Dec 17, 2013
- Category
- Energy Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
PRPZX Performance Chart
PGIM Jennison MLP Fund (PRPZX) is up 21.3% since the beginning of the year. PRPZX is currently trading at $7 per share. Investors who bought $1,000 worth of PRPZX shares 5 years ago would now be looking at an investment worth $2,343.
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Returns By Period
PGIM Jennison MLP Fund (PRPZX) has returned 21.25% so far this year and 24.78% over the past 12 months. Over the last ten years, PRPZX has returned 9.58% per year, falling short of the S&P 500 Index benchmark, which averaged 13.33% annually.
PGIM Jennison MLP Fund
- 1D
- 1.26%
- 1M
- 1.84%
- YTD
- 21.25%
- 6M
- 19.26%
- 1Y
- 24.78%
- 3Y*
- 24.09%
- 5Y*
- 18.56%
- 10Y*
- 9.58%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.64%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
PRPZX Monthly Returns History
Based on dividend-adjusted daily data since Dec 19, 2013, PRPZX's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +23.9%, while the worst month was Mar 2020 at -37.5%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PRPZX closed higher 51% of trading days. The best single day was Dec 18, 2024 with a return of +39.4%, while the worst single day was Dec 19, 2024 at -30.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.68% | 10.17% | 2.02% | 2.66% | -4.23% | 2.85% | 21.25% | ||||||
| 2025 | 4.96% | 0.52% | 0.15% | -6.13% | 3.33% | 3.53% | -0.00% | -0.19% | 1.26% | -4.81% | 5.51% | -0.33% | 7.33% |
| 2024 | 0.83% | 4.19% | 5.97% | -0.88% | 2.17% | 3.27% | 1.71% | 2.54% | 0.59% | 3.31% | 12.49% | -7.40% | 31.43% |
| 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% | 20.41% |
| 2021 | 4.40% | 5.21% | 6.09% | 5.35% | 7.71% | 5.46% | -4.53% | -0.60% | 5.02% | 5.77% | -6.32% | 2.02% | 40.49% |
Benchmark Metrics
PGIM Jennison MLP Fund has an annualized alpha of 0.08%, beta of 0.80, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since December 20, 2013.
- This fund participated in 94.92% of S&P 500 Index downside but only 73.63% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.24 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.08%
- Beta
- 0.80
- R²
- 0.24
- Upside Capture
- 73.63%
- Downside Capture
- 94.92%
Expense Ratio
PRPZX has a high expense ratio of 1.19%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PRPZX ranks 52 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PGIM Jennison MLP Fund (PRPZX) and compare them to S&P 500 Index.
| PRPZX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.36 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 2.69 | +1.22 |
| Martin ratioReturn relative to average drawdown | 9.95 | 12.34 | -2.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
PGIM Jennison MLP Fund provided a 8.09% dividend yield over the last twelve months, with an annual payout of $0.58 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.58 | $0.70 | $3.25 | $0.47 | $0.39 | $0.32 | $0.35 | $0.45 | $0.45 | $0.46 | $0.46 | $0.45 |
Dividend yield | 8.09% | 11.68% | 52.02% | 6.53% | 5.72% | 5.23% | 7.62% | 6.95% | 7.59% | 6.24% | 5.57% | 6.43% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.05 | ||||||
| 2025 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.44 | $0.00 | $0.70 |
| 2024 | $0.00 | $0.09 | $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 | $0.47 |
| 2022 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.39 |
| 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 |
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.
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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 69.62%, occurring on Mar 18, 2020. Recovery took 841 trading sessions.
The current PGIM Jennison MLP Fund drawdown is 6.93%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -69.62%Mar 2020 | 5y 6mo | 3y 4mo | 8y 10moSep 2014 - Jul 2023 |
2025 selloff2025 | -34.52%Apr 2025 | 3mo 20d | — | 1y 5moDec 2024 - now |
2024 pullback2024 | -7.11%Dec 2024 | 15d | 1d | 16dDec 2024 - Dec 2024 |
2024 pullback2024 | -6.01%Aug 2024 | 13d | 21d | 1mo 4dJul 2024 - Aug 2024 |
2023 pullback2023 | -5.22%Dec 2023 | 8d | 2mo 6d | 2mo 14dDec 2023 - Feb 2024 |
Drawdown Indicators
| PRPZX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.62% | -56.78% | -12.84% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -9.10% | +2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -34.52% | -18.90% | -15.62% |
Max Drawdown (5Y)Largest decline over 5 years | -34.52% | -25.43% | -9.09% |
Max Drawdown (10Y)Largest decline over 10 years | -62.23% | -33.92% | -28.31% |
Current DrawdownCurrent decline from peak | -6.93% | -2.97% | -3.96% |
Average DrawdownAverage peak-to-trough decline | -20.07% | -10.72% | -9.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 1.97% | +0.63% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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