ETF Evaluator: PGIM Jennison U.S. Core Equity ETF () Follow This ETF

PGIM Jennison U.S. Core Equity ETF Overview

PGIM Jennison U.S. Core Equity ETF (PJUS) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). PGIM 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 in equity and equity-related securities of U.S. companies. It primarily invests in equity and equity-related securities which include common and preferred stock, common stock, non-convertible preferred stock, convertible securities, American Depositary Receipts (“ADRs”), warrants, rights, real estate investment trusts (“REITs”), and other similar instruments. The fund is non-diversified.

About PGIM Jennison U.S. Core Equity ETF (PJUS)

There are 3 members of the management team with an average tenure of 0.20 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 U.S. Core Equity ETF has 98 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 nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

PGIM Jennison U.S. Core Equity ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. PGIM Jennison U.S. Core Equity ETF has 2.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.2% There is 2.6% 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 U.S. Core Equity ETF has 2.2% of the portfolio in cash.

Assets Under Management

The fund has $6 million in total assets, which is below the $13 billion average for the Large 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.

PJUS 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 U.S. Core Equity ETF expense ratio is low compared to funds in the Large Blend category. PGIM Jennison U.S. Core Equity ETF has an expense ratio of 0.19%, which is 54% 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 U.S. Core Equity 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 158% for the Large Blend category.

Recently, in the month of July 2026, PGIM Jennison U.S. Core Equity ETF returned 0.5%, which earned it a grade of B, as the Large Blend category had an average return of -0.8%. 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 U.S. Core Equity ETF has a trailing yield of 0.00%, which is below the 1.16% 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.

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