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NEWARK, N.J.--(BUSINESS WIRE)--Enhancements organize equity ETF lineup around core and focused strategies.
Expense ratios for exchange-traded funds (ETFs)—the measure of how much an investor must pay annually in order to invest in the fund—have trended downward recently. Passively managed funds had an average expense ratio of roughly 0.15% as of 2023, driven down in part by a highly competitive space in which providers race to undercut one another to provide cheaper and cheaper access.
PGIM, Prudential Financial's $1.2 trillion investment management arm, has launched four actively managed ETFs. According to PGIM, three of the funds invest in equities, while the fourth ETF targets fixed income.
SEC filings for PJIO aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.