PJFV vs SEIV

PJFVBPGIM Jennison Focused Value ETF

SEIVASEI QiM U.S. Large Cap Value Active ETF

In short

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.

SEIV Active quant value stock-picking at an index-fund price. SEIV screens U.S. large caps for cheap valuations plus quality, momentum and low volatility, then runs a concentrated book of roughly 80 names for 0.15% a year.

Stated mandate

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.

SEIV The Fund seeks long-term capital appreciation through primarily U.S. common stocks priced below fundamental valuation measures, using a quantitative, active stock-selection approach.

Why people hold it

• 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.

• SEIV 0.15% a year for genuine active selection, against a 0.55% median in its U.S. value peer group. It matches the cheapest large-value quant funds rather than charging active prices.
• Value is not the only screen. The model also weighs quality, momentum and low volatility, which is how a cheap-stock strategy tries to avoid the cheap-for-a-reason trap.
• Other funds measured against the S&P 500 in this cohort charge far more (LSVD 0.40%, GSPY 0.50%, VNSE 1.34%). SEIV runs its version at 0.15%.
• Sits among the strongest implementations in a crowded U.S. value field, and trades with enough regular activity to be workable for ordinary retail order sizes.

Worth knowing

• 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.

• SEIV About 80 stocks measured against a 500-name benchmark. That concentration means stretches where it looks nothing like the S&P 500, in either direction.
• Launched in 2022, so the live record is short, and the asset base is mid-sized rather than among the giants of the value aisle.
• You get the factor recipe, not the trade-by-trade logic: selection sits inside a quantitative model. Distributions land quarterly, not monthly.

Full PJFV profile⁠

Full SEIV profile⁠