The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AGOCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the AGOCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of AGOCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Delivers yield and defensiveness.
Chris Tate
Senior Analyst
Summary
Despite PGIM Jennison Global Equity Income’s defensive attributes, the strategy hasn’t proved its overall worth under its current mandate.