PJFV Fees and Costs — PGIM Jennison Focused Value ETF
Data updated: 2026-07-27
The net expense ratio is 0.33%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1K in broker commissions, 0.0082% of average net assets, and portfolio turnover was 56%.
PJFV Fees and Expenses
Annual operating expenses and sales charges of PJFV. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.33% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.33% |
| Fee waiver | — |
| Net expense ratio | 0.33% |
| 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 |
PJFV Costs Over Time
On $10,000 invested in PJFV, assuming 5% a year before costs, total costs come to $214 over 5 years, cutting the return by 0.36% 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 0.33%) | $35 | $109 | $190 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $5 | $20 |
| Total costs | $36 | $117 | $214 |
| Value after costs | $10,464 | $11,459 | $12,548 |
| Impact on return, per year | 0.36% | 0.36% | 0.36% |
PJFV 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): 0.0082%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $13.1M
- Portfolio turnover (prospectus): 56%
- Securities lending: none during the year
PJFV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $367 | 26.71% |
| MORGAN STANLEY & CO. LLC | $359 | 26.13% |
| CANTOR FITZGERALD & CO. | $265 | 19.29% |
| J.P. MORGAN SECURITIES LLC | $182 | 13.25% |
| CITADEL SECURITIES LLC | $67 | 4.88% |
| STONEX FINANCIAL INC. | $59 | 4.29% |
| UBS Securities LLC | $44 | 3.20% |
| RBC CAPITAL MARKETS, LLC | $28 | 2.04% |
| SANFORD C. BERNSTEIN & CO., LLC | $3 | 0.22% |
PJFV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $5.9M | 44.84% |
| Jane Street Execution Services, LLC | $5.8M | 43.92% |
| J.P. Morgan Securities LLC | $1.5M | 11.22% |
| THE BANK OF NEW YORK MELLON | $2K | 0.02% |
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.