JennisonDryden Offers Small-Cap Mutual Fund to DC Plans

July 16, 2008 (PLANSPONSOR.com) - JennisonDryden launched the Jennison Small Cap Opportunity Fund, a mutual fund investing in small-cap growth and value stocks.
By PS

The fund is available through defined contribution platforms (ticker: JNOZX), according to a news release. JennisonDryden is the proprietary mutual fund family of Prudential Financial Inc.

Jennison Associates LLC, the fund’s manager, managed a similar separate account strategy for institutional investors for nearly a decade, according to the news release. John Mullman and Jason Swiatek, both small and mid-cap equity portfolio managers at Jennison Associates, co-manage the fund with a support team of five analysts.

The managers build the portfolio—holding between 110 and 135 stocks—from companies with a market capitalization of between $200 million and $2 billion, according to the announcement. Starting with a database of about 500 companies, the team narrows its search through analysis.

“We’re looking to create a diversified portfolio from a variety of industries and sectors,” Mullman said. “We consider growth and value stocks, but don’t distinguish between the two when we choose where to invest. Instead we look for companies that we anticipate should experience superior earnings growth on an intermediate term basis. This is exactly what we’ve done for institutional clients since 1998.”

More information is available at www.jennison.com .

-Elllie Behling

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