PJBF Fees and Costs — PGIM Jennison Better Future ETF
Data updated: 2026-07-27
The net expense ratio is 0.59%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0306% of average net assets, and portfolio turnover was 138%.
PJBF Fees and Expenses
Annual operating expenses and sales charges of PJBF. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PJBF Costs Over Time
On $10,000 invested in PJBF, assuming 5% a year before costs, total costs come to $391 over 5 years, cutting the return by 0.65% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $214 | $391 |
| Value after costs | $10,435 | $11,362 | $12,372 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
PJBF Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0306%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $20.3M
- Portfolio turnover (prospectus): 138%
- Securities lending: none during the year
PJBF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $780 | 15.34% |
| RBC CAPITAL MARKETS, LLC | $766 | 15.07% |
| CITIGROUP GLOBAL MARKETS INC. | $720 | 14.16% |
| J.P. Morgan Securities LLC | $678 | 13.34% |
| JEFFERIES LLC | $596 | 11.72% |
| BOFA SECURITIES, INC. | $466 | 9.17% |
| MORGAN STANLEY & CO. LLC | $409 | 8.04% |
| VIRTU AMERICAS LLC | $407 | 8.01% |
| BNY MELLON CAPITAL MARKETS, LLC | $229 | 4.50% |
| PROOF SERVICES LLC | $33 | 0.65% |
PJBF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $14.3M | 70.39% |
| Goldman Sachs & Co. LLC | $2.5M | 12.49% |
| BOFA SECURITIES, INC. | $2.3M | 11.33% |
| Jane Street Execution Services, LLC | $1.2M | 5.77% |
| THE BANK OF NEW YORK MELLON | $2K | 0.01% |
| PROOF SERVICES LLC | $1K | 0.01% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.