LRGC vs PJFG

LRGCAAB US Large Cap Strategic Equities ETF

PJFGDPGIM Jennison Focused Growth ETF

In short

LRGC AB's stock pickers in an ETF wrapper: roughly 70 large-cap US names picked with fundamental research plus quant screens, measured against the S&P 500. Active conviction, priced under the typical active peer.

PJFG Jennison's high-conviction growth playbook in an ETF wrapper: an actively managed, non-diversified book of medium and large caps, benchmarked to the Russell 1000 Growth. Concentration is the whole point here.

Stated mandate

LRGC The Fund seeks long-term growth of capital. It is actively managed and normally invests at least 80% of net assets in equities of large-capitalization U.S. companies.

PJFG The fund seeks long-term capital growth through an actively managed, focused portfolio of primarily medium- and large-cap companies judged to offer strong capital-appreciation potential.

Why people hold it

• LRGC Roughly 70 holdings against a 500-stock yardstick, with quality and value screens doing the filtering. Each name actually carries weight.
• 0.39% a year sits below the median fee in its active large-cap group, so the manager isn't digging out of a deep cost hole.
• One of the stronger implementations among the actively managed US large-cap funds we track, with a plain mandate: at least 80% of net assets in large-cap US equities.
• Launched in 2023 on one of AB's core US equity strategies, with Jane Street signed on as lead market maker from day one.prnewswire.com

• PJFG Active and unapologetically concentrated: a non-diversified mandate means the managers' best growth ideas carry real weight instead of getting diluted across hundreds of names.pgim.com
• Clear yardstick. It is measured against the Russell 1000 Growth Index, so its stock picking can be judged against the obvious passive alternative.pgim.com
• Live since 2022, so there is a real record under the same mandate to examine, not a backtest.

Worth knowing

• LRGC At 0.39%, it costs more than cheaper enhanced-index rivals in the same group, such as JUSA at 0.12% and GUSE at 0.30%.
• Outcomes ride on the team's judgment, not an index rulebook, and about 70 positions concentrate those calls.
• It trades lightly next to the big index names, so spreads can run wider, especially in fast markets.

• PJFG Costs 0.75% a year, above the typical active growth fund and above same-benchmark peers like FFOG (0.41%) and PGRO (0.50%).
• Thinly traded next to its peer group, so bid-ask spreads can be wider at the moment you transact.
• Non-diversified cuts both ways: a stumble at one or two of the largest positions moves the whole fund.pgim.com

Full LRGC profile⁠

Full PJFG profile⁠