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 above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
PGIM Jennison MLP Fund (PRPZX) returned 2.49% year-to-date (YTD) and 20.85% over the past 12 months. Over the past 10 years, PRPZX returned 4.08% annually, underperforming the S&P 500 benchmark at 10.85%.
PRPZX
2.49%
3.33%
-5.10%
20.85%
15.22%
22.03%
4.08%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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% | 0.52% | 0.15% | -6.14% | 3.33% | 2.49% | |||||||
| 2024 | 0.83% | 4.19% | 5.97% | -0.88% | 2.17% | 3.27% | 1.70% | 2.54% | 0.59% | 3.31% | 12.49% | -7.40% | 31.43% |
| 2023 | 3.49% | -2.61% | -1.32% | 1.19% | -2.12% | 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% | 7.72% | 5.46% | -4.53% | -0.60% | 5.02% | 5.77% | -6.32% | 2.02% | 40.48% |
| 2020 | -3.41% | -9.39% | -37.48% | 23.92% | 6.65% | -4.45% | 0.23% | 1.92% | -9.09% | 1.79% | 15.77% | 0.44% | -24.05% |
| 2019 | 13.72% | 1.42% | 4.12% | -0.85% | -3.33% | 3.30% | -2.18% | -3.13% | 1.87% | -4.75% | -2.04% | 7.69% | 15.32% |
| 2018 | 3.77% | -9.70% | -3.80% | 6.07% | 5.89% | -0.55% | 4.56% | 0.24% | -1.74% | -7.89% | -0.98% | -9.26% | -14.17% |
| 2017 | 1.70% | 1.06% | 0.24% | -1.07% | -3.33% | -0.63% | 1.15% | -3.50% | 1.33% | -4.84% | -1.64% | 5.55% | -4.34% |
| 2016 | -10.49% | 2.55% | 8.90% | 10.37% | 3.25% | 3.78% | -0.88% | 2.44% | 3.14% | -2.80% | 2.34% | 2.23% | 25.90% |
| 2015 | -2.25% | 2.84% | -1.90% | 3.13% | 0.52% | -3.67% | -5.40% | -6.61% | -18.98% | 9.21% | -8.28% | -7.08% | -34.38% |
| 2014 | 0.96% | 1.16% | 1.42% | 3.28% | 3.42% | 4.69% | -2.11% | 4.97% | -1.33% | -2.53% | -2.11% | -0.89% | 11.04% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PRPZX is 74, indicating average performance compared to other mutual funds on our website. Here’s 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.
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Dividends
Dividend History
PGIM Jennison MLP Fund provided a 51.02% dividend yield over the last twelve months, with an annual payout of $3.18 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 | $3.18 | $3.25 | $0.47 | $0.39 | $0.32 | $0.35 | $0.45 | $0.45 | $0.46 | $0.46 | $0.45 | $0.43 |
Dividend yield | 51.02% | 52.02% | 6.53% | 5.72% | 5.23% | 7.62% | 6.95% | 7.59% | 6.24% | 5.57% | 6.43% | 3.86% |
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 | $0.08 | $0.00 | $0.00 | $0.08 | $0.17 | |||||||
| 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 |
| 2020 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.06 | $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 | $0.45 |
| 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.
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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 8.36%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -69.62% | Sep 2, 2014 | 1396 | Mar 18, 2020 | 841 | Jul 21, 2023 | 2237 |
| -18.13% | Jan 22, 2025 | 54 | Apr 8, 2025 | — | — | — |
| -11.1% | Dec 2, 2024 | 13 | Dec 18, 2024 | 18 | Jan 16, 2025 | 31 |
| -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 chart below shows the rolling one-month volatility.
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