November 12, 2009
The Jennison Value Fund (fund class tickers include PBQIX and PEICX ) earns an A+ rating from MUTUALdecision. This is the first fund in six months to earn our highest rating. It comes from ranking in the top decile of all four of our academic models, an impressive and infrequent accomplishment.
The Jennison Value Fund invests in large cap stocks, an attractive market segment as discussed in our recent blog, Where Do We Go From Here? What type of large cap stocks the fund invests in is an interesting question. Using Sharpe style analysis we conclude that the fund currently has a growth stock orientation. Our friends at Morningstar classify its holdings as a blend between growth and value. (Morningstar also only gives the fund three stars but that just highlights the difference between a historical based rating system and MUTUALdecision's academic based predictive system.) Of course, the fund has "value" in i...