PJFM Fees and Costs — PGIM Jennison Focused Mid-Cap ETF
Data updated: 2026-07-27
The net expense ratio is 0.49%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0150% of average net assets, and portfolio turnover was 102%.
PJFM Fees and Expenses
Annual operating expenses and sales charges of PJFM. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.49% |
| Fee waiver | — |
| Net expense ratio | 0.49% |
| 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 |
PJFM Costs Over Time
On $10,000 invested in PJFM, assuming 5% a year before costs, total costs come to $319 over 5 years, cutting the return by 0.53% 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 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $174 | $319 |
| Value after costs | $10,447 | $11,402 | $12,444 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
PJFM 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): 0.0150%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $10.2M
- Portfolio turnover (prospectus): 102%
- Securities lending: none during the year
PJFM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $739 | 35.63% |
| BOFA SECURITIES, INC. | $372 | 17.94% |
| RBC CAPITAL MARKETS, LLC | $250 | 12.05% |
| GOLDMAN SACHS & CO. LLC | $247 | 11.91% |
| J.P. Morgan Securities LLC | $200 | 9.64% |
| SANFORD C. BERNSTEIN & CO., LLC | $95 | 4.58% |
| UBS Securities LLC | $68 | 3.28% |
| MORGAN STANLEY & CO. LLC | $65 | 3.13% |
| CANTOR FITZGERALD & CO. | $38 | 1.83% |
PJFM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $8.0M | 78.78% |
| Goldman Sachs & Co. LLC | $1.1M | 11.12% |
| RBC CAPITAL MARKETS, LLC | $1.0M | 10.09% |
| THE BANK OF NEW YORK MELLON | $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.