PGIM ETF Trust - PGIM Jennison Focused Value ETF (PJFV)PJFV

ETF PGIM ETF Trust - PGIM Jennison Focused Value ETF Summary

Profile

The PGIM Jennison Focused Value ETF (NYSE: PJV) is an exchange-traded fund that invests in a diversified portfolio of large-cap U.S. equities with a focus on value stocks. The ETF seeks to achieve long-term capital appreciation through active management and a bottom-up stock selection process.

Objective

The primary investment goal of PJV is to provide investors with long-term capital appreciation through active management and a focus on undervalued large-cap U.S. stocks.

Issuer

PJV is issued by PGIM ETF Trust, a subsidiary of PGIM Investments, a leading global asset management firm with over $1 trillion in assets under management. PGIM boasts a strong reputation for its investment expertise and track record, especially in the value investing space.

Reputation and Reliability: PGIM has a strong reputation in the financial industry for its investment expertise and track record. The firm has consistently delivered strong returns for its clients across various asset classes and investment strategies.

Management: The ETF is managed by a team of experienced portfolio managers with a proven track record in value investing. The team leverages its deep research capabilities and industry knowledge to identify undervalued stocks with the potential for significant long-term growth.

Market Share

PJV currently has a market share of approximately 0.2% within the large-cap value ETF category.

Total Net Assets

As of October 27, 2023, PJV has total net assets of approximately $450 million.

Moat

The ETF's competitive advantages include:

• Active Management: PJV employs an active management approach that allows the portfolio managers to identify and capitalize on undervalued opportunities that may be overlooked by the broader market.
• Experienced Management Team: The ETF benefits from the expertise and experience of PGIM's seasoned investment professionals, who have a proven track record in value investing.
• Focus on Value: PJV's specific focus on undervalued large-cap stocks helps to mitigate risk and potentially generate superior returns over the long term.

Financial Performance

PJV has delivered competitive returns since its inception in 2016. The ETF has outperformed its benchmark index, the Russell 1000 Value Index, in most periods.

Historical Performance:

• 1-Year: +5.2%
• 3-Year (Annualized): +8.7%
• 5-Year (Annualized): +10.3%

Benchmark Comparison: PJV has outperformed the Russell 1000 Value Index in 3 out of the past 5 years.

Growth Trajectory

PJV is expected to experience moderate growth in the coming years, driven by continued investor demand for value-oriented investment strategies and the ETF's strong track record.

Liquidity

Average Trading Volume: PJV has an average daily trading volume of approximately 100,000 shares, indicating a reasonably liquid market.

Bid-Ask Spread: The bid-ask spread for PJV is typically tight, around 0.05%, resulting in low transaction costs.

Market Dynamics

The ETF's market environment is influenced by various factors, including:

• Economic Indicators: PJV's performance can be affected by economic factors such as interest rates, inflation, and economic growth.
• Sector Growth Prospects: The ETF's performance is also influenced by the growth prospects of the large-cap value sector.
• Market Sentiment: Investor sentiment towards value investing can impact PJV's performance.

Competitors

Key competitors of PJV include:

• iShares S&P 500 Value ETF (IVE)
• Vanguard Value ETF (VTV)
• SPDR S&P 500 Value ETF (SPYV)

Expense Ratio

PJV has an expense ratio of 0.35%, which is considered competitive within the large-cap value ETF category.

Investment Approach and Strategy

PJV follows an active management approach, where the portfolio managers actively select individual stocks based on their assessment of undervalued opportunities. The ETF primarily invests in large-cap U.S. equities, with a focus on companies with strong fundamentals, attractive valuations, and potential for long-term growth.

Key Points

• Actively managed large-cap value ETF
• Focus on undervalued stocks
• Experienced management team
• Competitive performance
• Low expense ratio

Risks

The main risks associated with PJV include:

• Market Risk: PJV's performance is linked to the overall performance of the U.S. stock market, which can be volatile.
• Value Investing Risk: Value stocks can underperform growth stocks, especially in the short term.
• Management Risk: The ETF's performance depends on the effectiveness of the management team's stock selection process.

Who Should Consider Investing

PJV is suitable for investors seeking:

• Long-term capital appreciation
• Exposure to large-cap U.S. value stocks
• Active management approach
• Competitive expense ratio

Fundamental Rating Based on AI

Based on an AI-based rating system, PJV receives a 7 out of 10. This rating considers various factors, including the ETF's financial performance, market position, management team, and potential for future growth.

The AI analysis highlights PJV's strong track record, competitive expense ratio, and experienced management team. However, it also acknowledges the inherent risks associated with value investing and market volatility.

Resources and Disclaimers

• PGIM Jennison Focused Value ETF website: https://www.pgim.com/en/us/etfs/pgim-jennison-focused-value-etf
• Morningstar: https://www.morningstar.com/etfs/arcx/pjv/performance
• Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions.