Jennison Growth APJFAX

Morningstar Rating

Fund Research and Analysis

by David Kathman, CFA

Jennison Growth has a lot going for it.

This fund has been managed since 1999 by a growth team at Jennison led by veteran Sig Segalas, Kathleen McCarragher, and Michael Del Balso. They use a fairly traditional growth strategy, focusing on blue-chip stocks that have solid balance sheets and strong franchises that they expect to grow faster than the S&P 500 Index. Read more

Kudos

The management team has an excellent long-term record running another fund that uses an identical style. Read more

Risks

At times, the fund holds a sizable stake in the volatile technology sector.

The fund's holdings often have optimistic growth rates reflected in their share prices. If they disappoint, the stocks can drop quickly. Read more

Strategy

This fund buys large-cap companies that are growing revenues faster than the S&P 500 Index average and that boast traits such as strong research and development, defensible franchises, and healthy unit sales growth. Read more

Management

This fund has been run by Jennison Associates since 1995, though the current team, now led by Michael Del Balso and including veteran growth manager Sig Segalas, took the reins only in early 1999. All of the firm's large-growth managers now use the same style and draw on the same research. Read more

Inside Scoop

This fund focuses on large-cap growth stocks, but it will hold a smattering of smaller names from time to time. Its manager is one of the best growth managers in the business. Read more

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