ETF Evaluator: PGIM Jennison Small-Mid Cap Core Eq ETF (PJSM) Follow This ETF

PGIM Jennison Small-Mid Cap Core Eq ETF Overview

PGIM Jennison Small-Mid Cap Core Eq ETF (PJSM) is an actively managed U.S. Equity Mid-Cap Blend exchange-traded fund (ETF). PGIM Investments LLC launched the ETF in 2026.

The investment seeks long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its investable assets (net assets plus any borrowings made for investment purposes) in equity and equity-related securities of small and medium capitalization companies.

About PGIM Jennison Small-Mid Cap Core Eq ETF (PJSM)

There are 3 members of the management team with an average tenure of 0.08 years: Jason McManus (2026), Brian Porpora (2026) and Adam Friedman (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

PGIM Jennison Small-Mid Cap Core Eq ETF has securities in its portfolio. The top 10 holdings constitute 0.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

PGIM Jennison Small-Mid Cap Core Eq ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. PGIM Jennison Small-Mid Cap Core Eq ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). PGIM Jennison Small-Mid Cap Core Eq ETF has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $5 million in total assets, which is below the $4 billion average for the Mid-Cap Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

PJSM Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The PGIM Jennison Small-Mid Cap Core Eq ETF expense ratio is below average compared to funds in the Mid-Cap Blend category. PGIM Jennison Small-Mid Cap Core Eq ETF has an expense ratio of 0.29%, which is 35% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. PGIM Jennison Small-Mid Cap Core Eq ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 84% for the Mid-Cap Blend category.

Recently, in the month of September 2026, PGIM Jennison Small-Mid Cap Core Eq ETF returned 0.0%, which earned it a grade of NA, as the Mid-Cap Blend category had an average return of -3.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

PGIM Jennison Small-Mid Cap Core Eq ETF has a trailing yield of 0.00%, which is below the 0.88% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about PGIM Jennison Small-Mid Cap Core Eq ETF, including its riskiness, submit your email to unlock the rest of the article.