PGIM Jennison Technology Fund - Class Z · NASDAQ:PGKZX
PGIM Jennison Technology Fund - Class Z — PGIM — Q1 2026 Earnings Presentation
10 slides from PGIM Jennison Technology Fund - Class Z's earnings presentation, January 2026
Slide 1: Q1 2026 Economic Outlook
Q1 2026 PGIM is the principal asset management business of Prudential Financial, Inc. and a trading name of PGIM, Inc. and its global subsidiaries and affiliates. Prudential Financial, Inc. of the U.S. is not affiliated with Prudential plc, incorporated in the United Kingdom or with Prudential Assur
Slide 2: Key Themes & Economic Indicators
KEY THEMES & ECONOMIC INDICATORS Our Q1 2026 Outlook assesses the impact of key themes Key Economic Indicators across global economies and markets: Consumer Unemployment Latest Monetary GDP Prices Rate Policy Rate The Era of Fiscal Dominance (and the End of Central Bank Innocence) Geopolitical rival
Slide 3: When Secular and Cyclical Forces Collide
GLOBAL MACROECONOMIC OUTLOOK KATHARINE NEISS, PHD Deputy Head of Global Economics WHEN SECULAR AND CYCLICAL FORCES COLLIDE and Chief European Economist A new year may prompt investors to rationalise the intersection of major secular themes—such as a global era of fiscal dominance and a potential pro
Slide 4: Global Macroeconomic Outlook
GLOBAL MACROECONOMIC OUTLOOK At this point, AI is augmenting the employment indicates that the the relatively low effective tariffs growth, low energy costs, and productivity in those positions, rather economy is expanding through rates applied on EU exports to the increased diversification into non
Slide 5: Global Macroeconomic Outlook
GLOBAL MACROECONOMIC OUTLOOK As Germany seeks an economic unable to agree a budget for the to the 2% inflation target. Despite last year’s rate hikes, recent renaissance through industrial policy, its third year running. But these are bank communications highlighted the Multiple questions accompanie
Slide 6: China and Emerging Markets
GLOBAL MACROECONOMIC OUTLOOK (at the most), the gradual approach Fiscal weakness and populist policy Similarly, changing trade/tariff Commodity-rich countries are could hardwire the BoJ to be behind the tendencies, in part related to the dynamics will unfold in 2026. While beneficiaries of changing
Slide 7: Viewing Venezuela Implications from Four Categories
GLOBAL MACROECONOMIC OUTLOOK SPOTLIGHT Viewing Venezuela Implications from Four Categories Eventual U.S. control over Venezuela’s oil reserves would significantly increase Regional/EM Implications its leverage over global oil supplies, The ousting of Maduro may add to the The recent ousting of Nicol
Slide 8: 2026 Economic Scenarios
GLOBAL MACROECONOMIC OUTLOOK 2026 Economic Scenarios—More by high-income consumers. The 1.4%) as rising real incomes and fiscal see the balance of risks tilted to the Muddling with an Eye on Overheating scenario includes a Fed funds rate that support underpin the consumer, while upside (a 5 pp incre
Slide 9: Source(s) of data and important information
Source(s) of data (unless otherwise noted): PGIM as of January 2026 For Professional Investors only. All investments involve risk, including the possible loss of capital. PGIM is the principal asset management business of Prudential Financial, Inc. and a trading name of PGIM, Inc. and its global sub
Slide 10: Tracking Error disclosure
Tracking Error (TE) is one possible measurement of the dispersion of a portfolio's retums from its stated benchmark; it is the standard deviation of such excess retums. TE figures are representations of statistical expectations falling within "normal" distributions of retum pattems. Normal statistic