PGIM Jennison Global Infrastructure Fund Q4 2025 Commentary

PGIM Investments42 FollowersFollow5ShareSavePlay(13min)CommentsSummaryThe S&P Global Infrastructure Index advanced 2.2% in the fourth quarter, led higher by solid performance in the utility and transportation infrastructure sectors.PGIM Jennison Global Infrastructure Fund Z reported a total return of 18.42% for the one-year period ended December 31, 2025.Ferrovial maintained its strong momentum through the fourth quarter, supported by resilient performance across its core toll road portfolio and continued strength in North American traffic volumes.Shares of Cheniere Energy lagged during the fourth quarter as natural gas prices softened and investor sentiment across the broader energy complex weakened.Electric utility and power generation exposures remained broadly resilient relative to benchmarks, supported by structural demand growth and differentiated positioning in grid-constrained regions. Donny DBM/iStock via Getty Images Market Review The S&P Global Infrastructure Index advanced 2.2% in the fourth quarter. Benchmark performance was led higher by solid performance in the utility and transportation infrastructure sectors. The midstream energy segment was the only notable areaThis article was written byPGIM Investments42 FollowersFollowPGIM Investments, a subsidiary of PFI, is an investment adviser and the investment manager to all PGIM US open-end investment companies and manager or administrator to closed-end investment companies. Note: This account is not managed or monitored by PGIM Investments, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use PGIM Investments' official channels.