PGIM Expands Active ETF Lineup with New Jennison Core Equity Funds

Quick Summary

PGIM has launched two new active ETFs subadvised by Jennison Associates: the Small-Mid Cap Core Equity ETF (PJSM) and the International Core Equity ETF (PJIN). These funds provide diversified equity exposure through transparent, competitively priced structures designed to serve as foundational portfolio building blocks for global investors.

How do the new PGIM Jennison active ETFs benefit investors?

The introduction of these active ETFs provides a consistent investment framework for professionals looking to balance fundamental stock selection with rigorous risk management. By utilizing an active management approach, PGIM aims to offer alpha-generating potential that traditional passive index funds may overlook. These funds are specifically designed to be accessible and transparent, ensuring that both retail and institutional investors can integrate them easily into existing portfolios.

• Competitive pricing with expense ratios as low as 0.23%.
• Active conviction combined with benchmark discipline.
• Fundamental research driven by Jennison’s decades of expertise.

What are the specific strategies for PJSM and PJIN?

The PGIM Jennison Small-Mid Cap Core Equity ETF (PJSM) focuses on the mid-market segment, investing at least 80% of assets in companies with market caps within the Russell 2500 Index range. This fund carries a 0.29% net expense ratio and is listed on NYSE Arca. Meanwhile, the International Core Equity ETF (PJIN) targets non-U.S. issuers, including those in emerging market economies, offering a lower 0.23% expense ratio to capture global growth opportunities outside the United States.

Why is PGIM expanding its presence in the active ETF market?

As the 12th-largest provider of active ETFs globally, PGIM is doubling down on its $33 billion ETF platform. The firm recognizes a growing shift where investors no longer want to choose between active conviction and benchmark discipline. By organizing its lineup around core equity solutions, PGIM is positioning itself to capture a larger share of the global asset management market, which currently oversees $1.5 trillion in assets under its broader umbrella.

FF NEWS TAKE:

PGIM is aggressively carving out space in the active ETFs market by proving that "core" exposure doesn't have to be synonymous with "passive." By leveraging Jennison’s fundamental research engine and offering institutional-grade strategies at retail-friendly price points, PGIM is directly challenging the dominance of passive giants. This move significantly moves the needle for advisors seeking cost-effective ways to add active risk management to client portfolios.