Jennison SMid Cap Core Equity


To outperform the Russell™ 2500 Index* over a market cycle with equal or less risk. There is no guarantee that this objective will be achieved.

Portfolio Manager:

John Mullman
John Mullman

Jason Swiatek
Jason Swiatek

Blend of growth and value

The portfolio contains both growth and value stocks and is diversified across industries and sectors. The investment team focuses on reasonably valued companies that it believes are most likely to generate attractive absolute and relative revenue and earnings growth. The team focuses on companies with market caps between $500 million and $5 billion.

Research-driven process

Original, company-by-company fundamental research is the basis of the investment process. The team relies mainly on its own analyses of companies and industry dynamics when making decisions. The strategy seeks companies with a strong competitive position, quality management team, demonstrated growth in sales and earnings, balance sheet flexibility and strength, and strong current or potential earnings growth prospects. The team shares an investment philosophy focused on buying businesses rather than just stocks.

How investment decisions are made

The team consists of the portfolio manager and five research professionals, which translates to over 60+ years of combined research experience. They maintain a dynamic focus list database of approximately 500 companies, which are selected from several sources including on-site visits, sell-side research, existing investments, and meetings with competitors, suppliers, and customers. The team believes these companies should be able to generate attractive absolute and relative revenue and earnings growth while remaining reasonably valued relative to expectations. If their initial criteria are met and company meetings satisfy their requirements, they then perform detailed financial analyses before making final buy decisions.

*The Russell™ 2500 Index> measures the performance of the 2,500 smallest companies in the Russell™ 3000 Index, which represents approximately 16% of the total market capitalization of the Russell 3000 Index. The Russell Indices are a trademark/service mark of the Frank Russell Company. Russell is a trademark of the Frank Russell Company. An investment cannot be made directly in an index.

0169947-00015-00 Ed. 01/2017