# PGIM Jennison Focused Value A (PJIAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pjiax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: PGIM · Asset class: Equity - Strategy: Actively Managed · Inception: 1996-11-07 The fund invests, under normal market conditions, at least 80% of its investable assets in equity and equity-related securities. It seeks to achieve its investment objective by investing, under normal circumstances, in companies that are undervalued compared to their perceived worth (value companies). ## Key Facts | Metric | Value | |---|---| | Price | $26.20 | | Expense Ratio | 1.10% | | AUM (All Share Classes) | $353.6M | | NAV | $26.20 | | Holdings Count | — | | Distribution Yield (TTM) | 7.63% | | Annual Distribution (TTM) | $2.00 /share | | Distribution Frequency | Annual | | 52-Week Range | $21.11 – $26.34 | | Beta | 0.87 | ## Latest Distribution - Amount: $1.9997 /share - Ex-date: 2025-12-11 - Pay date: 2025-12-11 ## Frequently Asked Questions ### What does PJIAX invest in? The fund invests, under normal market conditions, at least 80% of its investable assets in equity and equity-related securities. It seeks to achieve its investment objective by investing, under normal circumstances, in companies that are undervalued compared to their perceived worth (value companies). ### What is the expense ratio of PJIAX? PGIM Jennison Focused Value A (PJIAX) charges an expense ratio of 1.10%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PJIAX? PGIM Jennison Focused Value A (PJIAX) is one share class of a fund that manages $353.6M across all of its share classes (PJGZX, PJOQX report the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is PJIAX actively managed or an index fund? PJIAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PJIAX's is 1.10%) in exchange for the discretion to over- or under-weight positions. ### When was PJIAX launched? PGIM Jennison Focused Value A (PJIAX) launched in November 1996 and is managed by PGIM. ### How has PJIAX performed? PJIAX'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. ### Does PJIAX pay a dividend? PGIM Jennison Focused Value A (PJIAX) currently distributes little or no income. Trailing-twelve-month yield is 7.63%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PJIAX pay dividends? PGIM Jennison Focused Value A pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PJIAX's dividend yield? PJIAX's trailing-twelve-month yield is 7.63%, calculated from the sum of dividends over the past year divided by the current price. ### When is PJIAX's next ex-dividend date? The most recently announced ex-dividend date for PJIAX was 2025-12-11. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will PJIAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.10% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PJIAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PJIAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PJIAX cost more than a fund like VOO? PJIAX is actively managed (current expense ratio 1.10%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PJIAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PJIAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PJIAX (1.10%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pjiax - Distribution history: https://www.dividenddata.com/funds/pjiax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pjiax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pjiax/expenses - Peer comparison: https://www.dividenddata.com/funds/pjiax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.