Michael Kalman

Jennison Associates LLC

Jennison Associates was founded in 1969 on the principle that doing what's best for clients will always be right for the business. We manage $164 billion in assets across a range of equity and fixed income investment strategies. Our equity expertise spans styles, geographies, and market capitalizations. Our fixed income strategies includes investment grade active and structured strategies of various durations. Our clients are global and include institutions, subadvisory clients, public plans, endowments and foundations, corporations, Taft-Hartleys, and OCIOs. At Jennison, we agree that long-term excess returns can be achieved through deep fundamental research, specialized teams of investment professionals, bottom-up portfolio construction, and high-conviction investing. Our portfolio managers average 29 years of industry experience and 18 years with Jennison. Our research analysts average 19 years of industry experience and 11 years with Jennison. Our investment professionals are focused solely on investment management and are measured by the investment outperformance they achieve on behalf of clients. As a result, longstanding client relationships are a hallmark of our firm. We have offices in New York and Boston. Of our 392 employees, 82 are investment professionals. All data as 9/30/22. Disclaimer: PGIM.com/Disclaimer