State of Michigan 401(k) and 457 Plans

Jennison Associates Large Cap Growth Equity Fund

Manager: Jennison Associates

Category: Large Growth

Objective: Jennison’s Large Cap Growth Equity strategy seeks to provide superior long-term investment returns by investing in equities with potentially strong capital appreciation, superior absolute and relative earnings growth, and attractive valuations.

Investment Strategy: The Large Cap Growth Equity strategy is based on the philosophy that internal fundamental research and a highly interactive investment process can lead to successful stock selection. The investment team believes that investing in companies with above-average growth in revenues, earnings, and cash flows will drive the value of a security over time. The team seeks to capture the inflection point in a company’s growth rate that is not yet fully reflected in the stock price, and values duration of that growth.

Fund fact sheet