PGIM Jennison MLP Fund Class Z

Frequently Asked Questions About PRPZX

What does PRPZX invest in?

The fund's primary objective is to achieve a comprehensive total return, derived from both current income generation and capital appreciation. It typically commits a minimum of 80% of its capital available for investment—referred to as "investable assets"—to master limited partnerships (MLPs) and related securities. "Investable assets" specifically include the fund's net holdings along with any borrowings used for investment purposes. However, if the fund borrows capital for non-investment reasons, such as managing anticipated redemptions, these investable assets would be less than its total asset base. This fund operates as a non-diversified investment vehicle.

What is the expense ratio of PRPZX?

PGIM Jennison MLP Fund Class Z (PRPZX) charges an expense ratio of 1.18%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PRPZX?

PGIM Jennison MLP Fund Class Z (PRPZX) manages $563.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is PRPZX actively managed or an index fund?

PRPZX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was PRPZX launched?

PGIM Jennison MLP Fund Class Z (PRPZX) launched in December 2013 and is managed by the fund issuer.

How has PRPZX performed?

PRPZX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.