PGIM Jennison Focused Mid-Cap ETF

Frequently Asked Questions About PJFM

What does PJFM invest in?

The PGIM Jennison Focused Mid-Cap ETF (PJFM) aims to deliver sustained capital appreciation for investors over the long term. To achieve this, the fund allocates a minimum of 80% of its investable assets to stocks and other equity-related instruments issued by companies with a medium market capitalization. Its subadviser employs a dual strategy, integrating thorough fundamental research with a disciplined, systematic approach to portfolio construction. As an actively managed exchange-traded fund, PJFM differentiates itself by not attempting to mirror the performance of any specific market benchmark.

What is the expense ratio of PJFM?

PGIM Jennison Focused Mid-Cap ETF (PJFM) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PJFM?

PGIM Jennison Focused Mid-Cap ETF (PJFM) manages $20.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is PJFM actively managed or an index fund?

PJFM is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PJFM's is 0.49%) in exchange for the discretion to over- or under-weight positions.

When was PJFM launched?

PGIM Jennison Focused Mid-Cap ETF (PJFM) launched in December 2023 and is managed by PGIM.

How has PJFM performed?

PJFM's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.