PJFV ETF Explained: Returns, Expense Ratio, Holdings and Alternative ETFs
The PGIM Jennison Focused Value ETF (PJFV) uses a concentrated strategy built around a small number of holdings rather than market-cap weighting, selecting undervalued large-cap stocks. Dividends, comparisons with related products, and the fee gap versus passive value ETFs are the key points for an investment decision.
SubscribeWhat Is the PGIM Jennison Focused Value ETF?
This is an actively managed ETF that narrows the universe of US large-cap value stocks down to a small number of names the managers judge to be attractively undervalued. It does not track an index, so the managers' stock selection drives performance.
It suits investors who prefer an actively managed strategy focused on large-cap value stocks and who can tolerate a portfolio concentrated in a few holdings.
The ETF is actively managed by PGIM Jennison.
How Does the PGIM Jennison Focused Value ETF Invest?
| Item | Details |
|---|---|
| Tracking method | Active management (no index tracking) |
| Management style | Concentrated in a few holdings (focused value) |
| Rebalancing frequency | At the managers' discretion |
| Dividend frequency | Paid once a year |
| Total expense ratio | 0.33% |
Based on Jennison's research, the fund narrows US large-cap value stocks down to a small number of names that trade below their intrinsic value. It does not replicate a market-cap-weighted index, and the managers adjust position weights at their discretion.
- Active value strategy concentrated in a few holdings
- Management centered on stock selection rather than index replication
PGIM Jennison Focused Value ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $198.5M, and the total expense ratio is 0.33% per year.
Unlike passive large-cap value ETFs such as VTV, IWD and IVE shown alongside it in the table, it differs in character because it is actively managed and concentrated in a few holdings.
PGIM Jennison Focused Value ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeIts volatility varies with the large-cap value trend and the results of its stock selection, and because of its concentrated structure it tends to be affected relatively strongly by moves in individual stocks.
It belongs to the category of small active ETFs whose fund flows shift with changes in market preference for the value style and with management performance, and its asset size is relatively small compared with large passive value ETFs.
PGIM Jennison Focused Value ETF Pros and Cons
Its strength is the pursuit of excess returns through active stock selection, while its weakness is higher volatility from concentration in a few holdings.
💪 Key Strengths
⚠️ Points to Watch
PGIM Jennison Focused Value ETF Alternatives and Related Products
VTV, IWD, IVE and the others shown in the table passively track large-cap value indexes and tend to have lower fees, while VBR is an alternative focused on small-cap value stocks, a different market-cap range. If you want factor-based value exposure, a value factor ETF such as DFAT can also be a point of comparison, and SPYV is worth considering as well if you want exposure to large caps broadly through a passive fund.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 VTV | Vanguard Morningstar Value ETF | $226.24 | +0.5% | $193.4B | 0.03% | 1.84% | +20.3% |
 IWD | iShares Russell 1000 Value ETF | $258.35 | +0.4% | $84.5B | 0.18% | 1.37% | +25.2% |
 IVE | iShares S&P 500 Value ETF | $238.85 | +0.3% | $50.4B | 0.18% | 1.51% | +13.8% |
 SPYV | State Street SPDR Portfolio S&P 500 Value ETF | $63.98 | +0.3% | $38.6B | 0.04% | 1.65% | +13.7% |
 VBR | Vanguard Morningstar Small-Cap Value ETF | $241.04 | +0.3% | $36.5B | 0.05% | 1.83% | +14.7% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| AMD | Advanced Micro Devices Inc | 0.07% | $531.28 | +2.8% | $867.3B | 136.3 | - |
| GOOG | Alphabet Inc | 0.06% | $314.19 | -1.0% | $3.84T | 15.8 | 0.26% |
| GOOGL | Alphabet Inc | 0.05% | $316.80 | -1.1% | $3.87T | 15.9 | 0.26% |
 NI | NiSource Inc | 0.09% | $43.44 | +0.4% | $20.8B | 23.0 | 2.77% |
| WMT | Walmart Inc | 0.05% | $120.29 | +0.3% | $954.4B | 43.6 | 0.83% |
| JPM | JPMorgan Chase & Co | 0.08% | $334.04 | +0.7% | $887.9B | 14.0 | 1.91% |
| XOM | ExxonMobil Holdings Corp | 0.04% | $184.54 | +0.7% | $758.8B | 23.8 | 2.25% |
| AMZN | Amazon.com Inc | 0.04% | $249.09 | +0.4% | $2.69T | 20.0 | - |
PGIM Jennison Focused Value ETF Investor Checkpoints
These are points to review before investing in PJFV. Given the nature of an active, concentrated strategy, it is worth checking costs and holdings concentration carefully in advance, unlike with passive value ETFs.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense ratio | Compare the fee level with passive large-cap value ETFs | Active management fee applies |
| 📊 Holdings concentration | Check whether the portfolio is weighted toward a few stocks | Concentrated structure maintained |
| 💰 Dividend frequency | Confirm the once-a-year dividend structure | Annual dividend maintained |
| 📈 Management performance | Whether it has beaten its benchmark | Needs verification |
Its concentrated structure makes it vulnerable to individual stock volatility, and because it is actively managed, its performance can diverge widely from its benchmark, so tracking long-term results is necessary.
It suits investors who seek excess returns through a narrowed set of holdings rather than passive large-cap value exposure, while those who prioritize low fees may find passive alternatives such as VTV and IWD more suitable.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of July 2, 2026.
Today's 5 AI picks, all free