DFLV vs PJFV: Grades, Fees and Holdings Compared

Dimensional US Large Cap Value ETF

DFLVANYSE Arca

PGIM Jennison Focused Value ETF

PJFVBNYSE Arca

Overlap

20.9%by weight

Expense ratio

DFLV −0.12pt a year

DFLV0.21%PJFV0.33%

Avg volume · 30D

DFLV 30.2×the volume

DFLV658KPJFV21.8K

3Y return · a year

PJFV +3.6pt

DFLV+21.8%PJFV+25.4%

DFLV vs PJFV Performance

Oct 31, 2025 – Nov 2, 2026

+29.6%DFLV+24.6%PJFV

Expense ratio: DFLV 0.21%, better; PJFV 0.33%
Fund size: DFLV $7.39B; PJFV $209M
1Y total return: DFLV +29.6%, better; PJFV +24.6%
Yield (12M): DFLV 1.35%, better; PJFV 0.56%
Holdings: DFLV 336; PJFV 38
Avg volume (30D): DFLV 658K sh, better; PJFV 21.8K sh
NAV per share: DFLV $41.86; PJFV $100.96
52W range

ETF.net Grade

Pillar letters and Scores for DFLV, PJFV, with each pillar’s weight
Pillar	DFLV	PJFV
Cost30% weight	A92Higher	A79
Mission25% weight	Not scored	Not scored
Risk15% weight	A72Higher	B57
Tradability15% weight	A82Higher	C52
Holdings10% weight	A78Higher	D39
Durability5% weight	A83Higher	B59

Rank among US Active Value funds

How we build Categories ›

Same Category. DFLV and PJFV are both graded against the same 64 US Active Value funds, so their Grades compare head to head.

US Active Value⁠

Category · 64 funds

See all 64 ›

DFLV ranks 4th and PJFV 20th of 64 funds in the US Active Value Category.

Rank 1AAVLVAvantis U.S. Large Cap Value ETFScore 86
Rank 2ASEIVSEI QiM U.S. Large Cap Value Active ETFScore 85
Rank 2AWTVWisdomTree U.S. Value FundScore 85
Rank 4ADFLVDimensional US Large Cap Value ETFScore 83
Rank 5AAVMVAvantis U.S. Mid Cap Value ETFScore 79
Rank 20BFLVAmerican Century Focused Large Cap Value ETFScore 62
Rank 20BPJFVPGIM Jennison Focused Value ETFScore 62
Rank 22BTEQIT. Rowe Price Equity Income ETFScore 61

Our read on each fund

ETF.net Research

DFLVADimensional US Large Cap Value ETF

PJFVBPGIM Jennison Focused Value ETF

In short

DFLV Dimensional's value playbook in an ETF wrapper: large-cap value that also screens for profitability, spread across roughly 300 names, run by research rather than an index. Active by design, index-fund cheap in practice.

PJFV Human stock pickers running a deliberately short list of undervalued large caps, at 0.33% a year. Most active value funds charge more; most of the cheap rivals are quant machines. This one is judgment, priced close to the robots.

Stated mandate

DFLV The ETF seeks long-term capital appreciation. Its investment approach combines research, portfolio design, portfolio management, and trading, emphasizing long-term expected-return drivers and broad diversification.

PJFV Seeks long-term capital growth through a focused portfolio investing predominantly in large-capitalization companies that the adviser considers undervalued relative to their perceived worth.

Why people hold it

DFLV Costs 0.21% a year, well under half the 0.55% median for US value funds in its peer group. Active management without the active price tag.
Cheap alone doesn't get you in. The portfolio screens on value and profitability together, a filter aimed at cut-rate stocks that actually earn money.
No index to shadow. Dimensional can trade on its own schedule and spreads the money across about 300 large-cap names instead of a handful of bets.
Sits in the top tier of the US value funds we grade, and it is a multi-billion-dollar fund that trades actively, so getting in and out is rarely the hard part.

PJFV Charges 0.33% a year, well under the 0.55% median for US active value ETFs. Rare pricing for a hand-picked portfolio.
"Focused" is the mandate, not marketing: a concentrated book of large caps the manager judges to be trading below what they are worth.pgim.com
Lands in the upper tier of the active US value ETFs we grade, helped by pricing that undercuts most of its stock-picking rivals.

Worth knowing

DFLV Not the cheapest seat in the room: AVLV and SEIV run 0.15%, WTV 0.12%. You're paying a bit more for Dimensional's process.
Being benchmark-free cuts both ways. With no index to measure against, there is no tracking-error scoreboard, and outcomes ride on the manager's judgment.
Launched in December 2022, so the ETF's own record is short, and a value tilt behaves differently from the broad market. It pays quarterly.

PJFV Trades lightly. Limit orders and a look at the spread matter more here than with a headline index fund.
Concentration cuts both ways: with a focused list, a few names steer the outcome, and one manager's read drives the picks.
Launched in 2022, so the record is short. Systematic value peers like AVLV and DFLV are cheaper still and spread bets far wider.

Full DFLV profile⁠

Full PJFV profile⁠

DFLV vs PJFV Holdings

How DFLV and PJFV differ

Overlap by weight

20.9%

Shared holdings make up 39.5% of PJFV and 20.9% of DFLV.

Level by level

Holdings15 in both20.9%
Sector11 Sectors75.7%
Countryby domicile87.9%
Asset classEquity100%

Sector

Sector weights in DFLV and PJFV, widest gap first
Sector	More in DFLVMore in PJFV	DFLV	PJFV
Technology	PJFV +14.6 points	9.1%	23.7%
Materials	DFLV +6.8 points	6.8%	0.0%
Energy	DFLV +5.4 points	14.9%	9.5%
Financials	DFLV +4.6 points	21.7%	17.1%
Utilities	PJFV +4.5 points	0.0%	4.5%
Health Care	DFLV +4.5 points	14.0%	9.5%
Industrials	PJFV +3.3 points	12.9%	16.2%
Consumer Discretionary	PJFV +2.0 points	8.4%	10.4%
Communication	DFLV +1.4 points	7.0%	5.6%
Consumer Staples	DFLV +1.3 points	4.8%	3.5%
Real Estate	DFLV +0.4 points	0.4%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in DFLV and PJFV, widest gap first
Country	More in DFLVMore in PJFV	DFLV	PJFV
United States	DFLV +11.1 points	98.0%	86.9%
United Kingdom	PJFV +5.9 points	0.2%	6.1%
Netherlands	PJFV +2.7 points	0.0%	2.7%
Germany	PJFV +2.3 points	0.0%	2.3%
Switzerland	PJFV +1.2 points	0.8%	2.0%
China	DFLV +0.8 points	0.8%	0.0%
Other countries (2)	DFLV +0.2 points	0.2%	0.0%

Concentration

Weight in the 10 largest Holdings

DFLV25.0%
PJFV43.8%

Securities held

DFLV335
PJFV36

Asset class

DFLV: Equity
PJFV: Equity

Holdings

Only in DFLV320
In both15
Only in PJFV21

Only in DFLV

320 securities, 78.9% of DFLV by weight

Chevron Corp.2.17%
Berkshire Hathaway Cl-B2.02%
UnitedHealth Group Inc.1.59%
Procter & Gamble Co/The1.33%
New Linde PLC1.33%
Conocophillips1.12%
Rtx Corp1.10%
Verizon Communications1.09%
Johnson & Johnson1.07%
Thermo Fisher Scientific.1.05%
Morgan Stanley0.93%
Eog Resources Inc.0.93%
Pfizer Inc.0.93%
Travelers Companies Inc.0.92%
Hewlett-Packard Enterpris0.90%
Norfolk Southern Corp.0.88%
Newmont Corp0.84%
Deere & Co.0.83%
Csx Corp0.79%
Merck & Company Inc0.79%
Slb Ltd0.78%
Fedex Corp0.77%
Bristol-Myers Squibb Co.0.76%
Te Connectivity PLC0.75%
Analog Devices Inc.0.75%
Salesforce Inc0.75%
AT&T Inc.0.74%
Abbott Laboratories0.73%
Target Corp.0.73%
Allstate Corp.0.73%
Phillips 660.72%
Cigna Group/The0.69%
Republic Services Inc0.67%
Nxp Semiconductors NV0.66%
Occidental Petroleum Corp0.66%
Freeport-Mcmoran Inc.0.65%
Intel Corp0.63%
Comcast Corp New Class A0.62%
Emerson Elec Co0.62%
Delta Air Lines Inc.0.62%
Valero Energy Corp0.61%
United Rentals Inc.0.60%
Northrop Grumman Corp.0.58%
Alphabet Inc0.57%
Baker Hughes Co0.57%
Crh PLC0.57%
Nucor Corp.0.56%
Oneok Inc0.56%
Mondelez Intl0.56%
Cummins Inc0.54%

Only in PJFV

21 securities, 57.2% of PJFV by weight

Microsoft Corp6.48%
Apple Inc6.05%
Shell PLC4.07%
Eli Lilly & Co3.56%
AbbVie Inc3.36%
Nisource Inc3.21%
Walmart Inc2.99%
3M Co2.58%
Airbus SE2.55%
Union Pacific Corp2.45%
Advanced Micro Devices Inc2.43%
Johnson Controls International PLC2.41%
Texas Instruments Inc2.27%
Siemens Energy AG2.15%
Astrazeneca PLC2.15%
Dell Technologies Inc2.12%
Roche Holding AG1.94%
Centerpoint Energy Inc1.89%
Applied Materials Inc1.48%
Caterpillar Inc1.10%
Net Current Assets<0.01%

Weight gaps

All 15 Holdings in both funds, largest gap first.

Holding weights in DFLV and PJFV, widest gap first
Holding	More in DFLVMore in PJFV	DFLV	PJFV
Pnc Financial Services GrPNC	PJFV +2.57 points	0.21%	2.78%
Metlife Inc.MET	PJFV +2.15 points	0.64%	2.79%
Parker-Hannifin CorpPH	PJFV +2.03 points	0.04%	2.07%
Cheniere Energy IncLNG	PJFV +2.02 points	0.10%	2.12%
Alphabet Inc - Class AGOOGL	PJFV +1.83 points	0.67%	2.50%
Wells Fargo & Co.WFC	PJFV +1.73 points	1.03%	2.76%
Bank of America CorpBAC	PJFV +1.37 points	0.71%	2.08%
Micron Technology Inc.MU	PJFV +1.23 points	0.03%	1.26%
Servicenow IncNOW	PJFV +1.14 points	<0.01%	1.14%
General MotorsGM	PJFV +1.11 points	0.89%	2.00%
Goldman Sachs Group Inc.GS	PJFV +0.74 points	1.30%	2.04%
Exxonmobil Holdings CorpXOM	PJFV +0.46 points	4.20%	4.66%
JPMorgan Chase & CoJPM	PJFV +0.17 points	4.44%	4.61%
Meta Platforms IncMETA	PJFV +0.04 points	2.05%	2.09%
Amazon.com Inc.AMZN	Same weight	4.62%	4.62%

All 343 DFLV holdings⁠All PJFV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DFLV vs PJFV Cost

Overpaying PJFV vs DFLV

$2,380

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

DFLV 0.21%
$4,357
PJFV 0.33%
$6,737

Amount$10,000

Years30 years

Cost over time

DFLV 0.21%
PJFV 0.33%
Overpaying

Year by year

Year	DFLV	PJFV	Overpaying
10	$383	$598	$215
20	$1,491	$2,318	$827
30	$4,357	$6,737	$2,380

Expense ratio

0.21%DFLV, cheaper
0.33%PJFV

DFLV0.21%PJFV0.33%

0.12%1.25%

Middle half of US Active Value funds
Median 0.55%

DFLV 6th cheapest of 64 funds

PJFV 13th cheapest of 64 funds

DFLV vs PJFV Dividends

Last 12 months to Nov 2, 2026

Yield (12M): DFLV 1.35%, better; PJFV 0.56%
Payout (12M): DFLV $0.57; PJFV $0.57
Last payment: DFLV $0.16; PJFV $0.57
Ex-dividend: DFLV Sep 22, 2026; PJFV Dec 30, 2025
Paid on: DFLV Sep 24, 2026; PJFV Jan 2, 2026
Frequency: DFLV Quarterly; PJFV Annual

Distribution history

Per share, 2022 to 2026, same scale for both

DFLVQuarterly · 16 paymentsAll DFLV payments⁠

PJFVAnnual · 4 paymentsAll PJFV payments⁠

DFLV vs PJFV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DFLV 12.3%PJFV 11.8%, better
Return per unit of riskSharpe ratio, 3 years: DFLV 1.38PJFV 1.71, better
Worst fallMax drawdown, 5 years: DFLV −16.8%since Dec 2022PJFV −18.1%since Dec 2022
Market sensitivityBeta, 5 years: DFLV 0.80PJFV 0.83; Market = 1

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