PJFM ETF — PGIM Jennison Focused Mid-Cap ETF

PGIM Jennison Focused Mid-Cap ETF (PJFM)

Updated October 16, 2026.

PJFM is an ETF. its distribution rate is 0.60%, its trailing-12-month yield is 0.60%, its expense ratio is 0.49%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 29.8% over the past 2.8 years, 36.2 points behind SPY at 66.0%.

PGIM Jennison Focused Mid-Cap ETF is an equity fund that invests at least 80% of its assets in medium-sized companies within the Russell Midcap Index range, using fundamental research combined with systematic portfolio construction. The fund carries a low expense ratio of 0.49% and currently distributes annually with a modest yield. It appeals to equity-focused investors seeking exposure to mid-cap companies through a diversified, actively managed approach.

PJFM performance versus SPY

Price and return data through 2026-10-16.

Total return is 29.8% over the past 2.8 years, 36.2 points behind SPY at 66.0%. Over the past year its total return — price change plus distributions reinvested — is 9.3%. Its deepest 1-year drawdown was 10.5%.

PJFM key facts

Distribution Safety Score™

50 · Unproven

Issuer

PGIM Investments

Asset type

ETF

Asset class

Equity

Inception date

12/14/2023

Expense ratio

0.49%

Distribution rate

0.60%

Distribution frequency

Annual

Trailing yield

0.60%

Last close

$64.63 (as of 2026-10-16)

AUM

$19,800,554

Average volume

8.0

Dividend

$0.386

Ex-dividend date

12/30/2025

Payment date

01/02/2026

Beta

1.0209

How Dividend Vision calculates yield and returns

Distribution rate (0.60%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.60%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: PGIM Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

PJFM risks and drawbacks

PJFM's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 10.5%.

Who may consider PJFM — and who may not

It is a weaker fit for investors who need monthly cash flow (PJFM pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on PJFM

• All tickers starting with P

Tagged: Mid Cap.

Frequently asked questions

More securities from PGIM Investments.