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Launched

PGIM Jennison Focused Mid-Cap ETF

PJFMCboePGIMC

$65.310.00 (0.00%)

As of Nov 2, 2026, 10:00 AM ET

C48/ 100

Rank 25 of 47 in US Active Small/Mid-Cap

C48/100Rank 25 of 47inUS Active Small/Mid-Cap
Intraday session: up, 1 prints from 65.31 to 65.31. Range 65.31 to 65.31. Use the arrow keys to read each point.65.3165.3165.3165.3165.3110 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$21M
1Y total return
+8.6%
Yield · Last 12 months
0.59%
Holdings
50
Avg volume · 30D
579 sh
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
25 of 47
Six-pillar profile for PJFM. Scores out of 100: Cost 65, Risk 32, Mission not scored, Tradability 38, Holdings 34, Durability 53. Strongest: Cost (65). Weakest: Risk (32). 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.
    B65 out of 100
    Rank 17 of 47

  • 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.
    D32 out of 100
    Rank 34 of 44

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D38 out of 100
    Rank 34 of 47

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D34 out of 100
    Rank 39 of 47

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C53 out of 100
    Rank 23 of 47

Our read on PJFM

ETF.net Research

In short

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

  • 0.49% a year sits below the 0.65% median for active US equity ETFs, so the stock picking starts from a lower cost base.
  • Mid-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.
  • A 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

  • Small 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.
  • Launched in December 2023, so the track record is short, and measured volatility runs on the higher end of active US equity ETFs.
  • Cash comes once or twice a year, not monthly. This is a capital-growth mandate, not an income one.

PJFM Holdings

Holdings pillarD34 out of 100Rank 39 of 47 in US Active Small/Mid-Cap
Asset class
Stocks
Holdings
50
Top-10 weight
31%
Largest holding
NI4.6%

Sectors

  • Technology18.8%
  • Financials17.7%
  • Industrials17.7%
  • Health Care9.5%
  • Real Estate8.4%
  • Energy8.2%
  • Consumer Discretionary8.0%
  • Utilities6.6%
  • Materials3.7%
  • Consumer Staples0.8%
  • Communication0.7%

Geography

  • United States90.76%
  • Canada6.90%
  • United Kingdom2.34%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1NINisource Inc4.64%21,537$957K280
2MKLMarkel Group Inc3.58%396$739K168
3ANTMElevance Health Inc3.25%1,588$670K135
4CHRDChord Energy Corp2.96%3,970$610K203
5CCKCrown Holdings Inc2.92%5,096$602K177
6PRPermian Resources Corp2.91%23,494$601K217
7GLPIGaming and Leisure Properties Inc2.88%15,066$595K171
8ARMKAramark2.72%10,004$560K165
9MCHPMicrochip Technology Inc2.67%6,786$550K353
10RLRalph Lauren Corp2.62%1,351$541K287
11KEYSKeysight Technologies Inc2.59%1,620$534K383
12AXSAxis Capital Holdings Ltd2.56%5,144$529K136
13DSG.TODescartes Systems Group Inc/The2.56%5,735$528K48
14CMSCms Energy Corp2.53%7,512$522K275
15EWBCEast West Bancorp Inc2.53%3,919$521K193

Showing 1–15 of 50 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$10,864
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. PJFM $10,864. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+5.6%
1 month+1.2%
3 months−1.1%
1 year+8.6%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+5.6%
2025+7.5%
2024+15.6%
2023−0.1%

History from Dec 19, 2023

PJFM in the news

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 30, 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

$10,000 in PJFM 1 year ago paid $63.74 in dividends.

PJFM Risk

Risk pillarD32 out of 100Rank 34 of 44 in US Active Small/Mid-Cap
How much the fund’s monthly returns vary, scaled to a year.
15.1%
Annualised · 34 months to Oct 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.
0.42
vs 3-month T-bills · 34 months to Oct 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%
34 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.

FMP measures it over up to five years of monthly returns.

PJFM Cost

Compare PJFM and AVMC

Overpaying vs AVMC, cheapest in US Active Small/Mid-Cap

$6,043

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PJFM 0.49%

    $9,792

  • AVMC 0.18% Cheapest

    $3,749

$10,000
30 years

Cost over time

  • PJFM 0.49%
  • AVMC 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530PJFM $9,792AVMC $3,749

Year by year

YearPJFMAVMCOverpaying
10$883$328$555
20$3,394$1,281$2,113
30$9,792$3,749$6,043

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