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Launched

PGIM Jennison Focused Mid-Cap ETF

PJFMCboeC

$65.17−0.19 (−0.29%)

As of Oct 13, 2026, 11:27 AM

C48/ 100

Rank 24 of 48 in US Active Small/Mid-Cap

C48/100Rank 24 of 48inUS Active Small/Mid-Cap
Intraday session: down, 3 prints from 65.36 to 65.17. Range 65.17 to 65.36. Use the arrow keys to read each point.65.2065.2565.3010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$20M
1Y total return
+12.9%
Yield · Last 12 months
0.59%
Holdings
52
Avg volume · 30D
0M sh
NAV per share
$65.68
52W range
low $58.59high $69.99
Launched

The ETF.net PJFM Grade

Based on 5 of 6 pillars

C

Score 48 out of 100

Category
US Active Small/Mid-Cap⁠
Rank
24 of 48
Six-pillar profile for PJFM. Scores out of 100: Cost 64, Risk 33, Mission not scored, Tradability 43, Holdings 34, Durability 51. Strongest: Cost (64). Weakest: Risk (33). Based on 5 of 6 pillars.

Score 48 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B64 out of 100
    Rank 18 of 48

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D33 out of 100
    Rank 32 of 44

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C43 out of 100
    Rank 28 of 48

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D34 out of 100
    Rank 41 of 48

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C51 out of 100
    Rank 23 of 48

Our read on PJFM

ETF.net Research

CPGIM handed its Jennison stock pickers a focused mid-cap mandate: medium-sized US companies, chosen one at a time for long-term growth, at 0.49% a year. Active mid-cap is a thin shelf, and this one is priced under the typical active equity ETF.

Stated mandate

Seeks long-term growth of capital by investing primarily in equity and equity-related securities of medium-sized companies.

Why people hold it

  1. 010.49% a year sits below the 0.65% median for active US equity ETFs, so the stock picking starts from a lower cost base.
  2. 02Mid-caps are the aisle most ETF shelves skip. This one is built there on purpose: medium-sized companies, held for long-term growth of capital.
  3. 03A plain, unlevered fund with no structural red flags in our review, and it lands in the upper half of the active US equity funds we grade.

Worth knowing

  1. 01Small asset base, thinly traded. Spreads can widen, and the price on screen may sit further from the fund's underlying value than in a busier ticker.
  2. 02Launched in December 2023, so the track record is short, and measured volatility runs on the higher end of active US equity ETFs.
  3. 03Cash comes once or twice a year, not monthly. This is a capital-growth mandate, not an income one.

PJFM Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
52
Top-10 weight
32%
Largest holding
NI4.4%

Sectors

  • Technology19.6%
  • Financials18.0%
  • Industrials17.5%
  • Health Care8.8%
  • Real Estate8.4%
  • Consumer Discretionary8.0%
  • Energy7.5%
  • Utilities6.8%
  • Materials3.6%
  • Communication1.0%
  • Consumer Staples0.8%

Geography

  • United States82.56%
  • Canada7.70%
  • Bermuda4.07%
  • Netherlands2.43%
  • United Kingdom2.19%
  • Cayman Islands1.05%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NINisource Inc4.38%20,843$859K278
002MKLMarkel Group Inc4.06%445$797K169
003ANTMElevance Health Inc3.31%1,537$649K130
004CLS.TOCelestica Inc3.09%1,746$607K100
005CBRECbre Group Inc3.09%4,641$607K289
006AXSAxis Capital Holdings Ltd3.06%6,157$599K134
007KEYSKeysight Technologies Inc3.02%1,568$592K375
008GLPIGaming and Leisure Properties Inc2.86%14,581$561K168
009CHRDChord Energy Corp2.83%3,842$555K194
010PRPermian Resources Corp2.71%22,737$532K206
011ARMKAramark2.70%9,682$530K164
012MCHPMicrochip Technology Inc2.47%6,567$485K345
013CMSCms Energy Corp2.44%7,270$479K273
014EWBCEast West Bancorp Inc2.43%3,793$476K190
015CUZCousins Properties Inc2.43%17,163$476K118

Showing 1–15 of 52 holdings

PJFM Performance

Launched Dec 14, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
PJFM$11,286
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. PJFM $11,286. SPY $12,044. Use the arrow keys to read each point.$9,582$10,912$12,243Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for PJFM. Periods over one year show the average yearly return.
PeriodPJFM
Year to date+5.7%
1 month−1.7%
3 months−4.3%
1 year+12.9%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PJFM
YearReturn barPJFM
2026 YTD+5.7%
2025+7.5%
2024+15.6%
2023−0.1%

History from Dec 19, 2023

PJFM in the news

Filtered to PJFM · US Active Small/Mid-Cap

PJFM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
0.59%Last 12 months
Payout per share
$0.39Last 12 months
Last payment
$0.39 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 27, 2024 $0.48; Dec 30, 2025 $0.39. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Jan 2, 2026$0.39
Dec 27, 2024Jan 3, 2025$0.48

PJFM Risk

How much the fund’s monthly returns vary, scaled to a year.
15.3%
Annualised · 33 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.41
vs 3-month T-bills · 33 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−22.8%
33 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.02
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

PJFM Cost

Expense ratio0.49%
  • The middle half of US Active Small/Mid-Cap funds
  • Median 0.59%

16 of the 47 US Active Small/Mid-Cap funds charge less.

PJFM costs $49.00 a year on $10,000. The median US Active Small/Mid-Cap fund costs $59.00.

Other funds in US Active Small/Mid-Cap

See others