ETF Evaluator:
PGIM Jennison Focused Value ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Value Over the Last Year
| 72.4% | iShares MSCI USA Value Factor ETF (VLUE) |
| 39.0% | SEI QiM U.S. Lrg Cap Value Actv ETF (SEIV) |
| 34.8% | LSV Disciplined Value ETF (LSVD) |
| 34.7% | iShares Core Dividend ETF (DIVB) |
| 34.4% | Avantis US Large Cap Value ETF (AVLV) |
Risk
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Risk
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ETF Details
PGIM Jennison Focused Value ETF Overview
PGIM Jennison Focused Value ETF (PJFV) is an actively managed U.S. Equity Large Value exchange-traded fund (ETF). PGIM launched the ETF in 2022.
The investment seeks long-term growth of capital.
The fund invests, under normal market conditions, at least 80% of its investable assets in equity and equity-related securities. The fund seeks to achieve its investment objective by investing, under normal circumstances, in companies that the advisor believes are undervalued compared to their perceived worth (“value companies”). The fund may invest in companies of any market capitalization.
About PGIM Jennison Focused Value ETF (PJFV)
There are 3 members of the management team with an average tenure of 3.64 years: Jason McManus (2022), Joseph Esposito (2022) and Warren Koontz (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. PGIM Jennison Focused Value ETF has 38 securities in its portfolio. The top 10 holdings constitute 41.2% 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 Focused Value ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. PGIM Jennison Focused Value ETF has 14.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 82.6% There is 14.3% 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 Focused Value ETF has 3.1% of the portfolio in cash.
Assets Under Management
The fund has $126 million in total assets, which is below the $5 billion average for the Large Value 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.
PJFV 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 Focused Value ETF expense ratio is below average compared to funds in the Large Value category. PGIM Jennison Focused Value ETF has an expense ratio of 0.33%, which is 12% lower than its category average, making the fund expense ratio grade a C. 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 Focused Value ETF has a portfolio turnover rate of 56%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 40% for the Large Value category.
Recently, in the month of July 2026, PGIM Jennison Focused Value ETF returned 1.2%, which earned it a grade of D, as the Large Value category had an average return of 2.4%. 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 Focused Value ETF has a trailing yield of 0.57%, which is below the 1.70% 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.
PGIM Jennison Focused Value ETF Grades
Year to date, the ETF has returned 20.6%, 6.2 percentage points better than the category, which translates into a grade of A. The fund has returned 32.7% over the past year (grade of A) and 23.2% over the past three years (grade of A).
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PJFV Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PJFV Return (NAV) | 1.2% | 7.8% | 32.7% | 23.2% | na | na |
| PJFV Return (Price) | 1.5% | 8.0% | 34.0% | 23.4% | na | na |
| NAV +/- Price Return | -0.269% | -0.121% | -1.320% | -0.120% | na | na |
| Large Value Avg | 2.4% | 5.9% | 24.1% | 16.3% | 11.3% | 12.1% |
| PJFV Grade (NAV) | D | A | A | A | na | na |
| +/- Category (NAV) | -1.1% | 2.0% | 8.6% | 7.0% | na | na |
| PJFV Tax-Cost Ratio | na | na | 0.2% | 0.3% | na | na |
PJFV Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PJFV Return (NAV) | 20.6% | 18.4% | 24.3% | 18.5% | na | na | na | na | na | na | na |
| PJFV Return (Price) | 20.7% | 18.7% | 24.1% | 18.5% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.005% | 0.013% | -0.006% | 0.002% | na | na | na | na | na | na | na |
| Large Value Avg | 14.4% | 14.8% | 15.5% | 13.1% | -6.5% | 26.7% | 5.4% | 27.4% | -6.6% | 17.7% | 15.7% |
| PJFV Grade (NAV) | A | A | A | B | na | na | na | na | na | na | na |
| +/- Category | 6.2% | 3.6% | 8.8% | 5.4% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.85 |
| R-Squared: | 80% |
| Standard Deviation: | 12.4% |
| Category Risk Index: | 1.02 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.01 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 0.6% |
| Total Assets: | $ 127 Mil |
| Share Class Assets: | $ 127 Mil |
| Turnover: | 56.0% |
| Expense Ratio: | 0.33% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 3.6 years | |||
| Average Tenure: 3.6 years | |||
| Managers (Year): McManus Jason (2022), Esposito Joseph (2022), Koontz Warren (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 38 |
| % in Top 10 Holdings: | 41.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 14.3% |
Portfolio Allocation |
|
| Domestic Stock: | 82.6% |
| Foreign Stock: | 14.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | PGIM |
| Phone Number: | 888-247-8090 |
| Website: | www.pgim.com/investments |
| Inception Date: | December 12, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.33% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.37% |
