PGIM, the $1.5 trillion global investment management business of Newark-based Prudential Financial, Inc., has announced plans to merge the PGIM Jennison Focused Value Fund into the PGIM Jennison Focused Value ETF.
Initially announced in June 2026, the reorganization is expected to become effective on or about January 15, 2027.
Upon completion of the merger, shareholders of the mutual fund will receive shares of the PGIM Jennison Focused Value ETF, which trades under the ticker symbol PJFV and carries an expense ratio of 0.33%. Following the finalization of the move, the PGIM Jennison Focused Value Fund will permanently cease operations.
Operating as the principal asset management business of Prudential Financial, PGIM oversees approximately $1.5 trillion in assets under management across public and private asset classes globally. The firm provides diverse investment strategies—spanning fixed income, equities, real estate, and alternatives—supported by more than 1,500 investment professionals operating in 40 offices across 20 countries.
Investors seeking additional details regarding PGIM’s active ETF lineup can visit the official PGIM website.
