The Value Opportunity: Value Investing in Today’s Environment
Growth equities have strongly outperformed value over the past decade, but they can still offer opportunities.
Composite Inception
5/31/2000
Strategy AUM
$3.2 Billion as of 9/30/24
Benchmark
Russell 1000® Value Index
Holdings Range
Typically 60 – 80
Max. Position Size
Typically less than 5%
Turnover
20 - 25% under normal market conditions
Active Share
Approximately 70 - 80%
Cash
Typically less than 5%
Institutional Separate Account
US Mutual Fund
Managed Account
Our Large Cap Value team consists of two portfolio managers and two dedicated analysts in what is a highly collaborative process. The team is supported by Jennison’s broader research staff, 11 of whom are active contributors to the Large Cap Value strategy. While decision-making is a team process that involves ongoing collaboration and debate between the portfolio manager and analysts, the portfolio manager makes final investment decisions.
Growth equities have strongly outperformed value over the past decade, but they can still offer opportunities.
Growth equities have outperformed value over the past decade, but we believe value investing offers tremendous potential benefits to investors today.
Skilled value investors know the difference between a cheap and an inexpensive stock.
Performance Disclosures: Past performance does not guarantee future results. Performance results are calculated in US dollars and reflect reinvestment of dividends and other earnings. Periods greater than one year are annualized. Please refer to the GIPS presentation for additional details, important performance information and disclosures.