PGIM ETF Trust – PGIM Jennison U.S. Core Equity ETF is an actively managed exchange-traded fund launched on May 20, 2026, that seeks long-term capital appreciation by providing diversified exposure to U.S. equity markets. The fund is managed by PGIM Investments LLC and subadvised by Jennison Associates LLC, an investment group within PGIM, the global asset-management business of Prudential Financial, Inc.; PGIM Investments LLC is headquartered in Newark, New Jersey. The ETF is listed on the Cboe BZX Exchange under the ticker symbol PJUS and is domiciled in the United States.
The fund invests, under normal circumstances, at least 80% of its investable assets in equity and equity-related securities of U.S. companies; it may hold common stocks and other equity-linked instruments across sectors, market-capitalization ranges, and growth and value investment characteristics. PJUS provides a roughly 100-stock U.S. core-equity portfolio, using Jennison’s fundamental, bottom-up research, individual-security selection, systematic portfolio construction, and disciplined management of factor and risk exposures. It is an active ETF and does not seek to replicate a specified index; the S&P 500 Index and Russell 1000 Index are identified as benchmarks for performance comparison. The fund primarily serves individual investors, financial advisers, and institutional investors seeking a cost-efficient, diversified actively managed U.S. equity allocation, and carries a 0.19% net annual expense ratio.
PGIM introduced PJUS in May 2026 as an expansion of its active ETF offering and its Jennison equity ETF platform. The launch represented a strategic addition of a low-cost, broadly diversified U.S. core-equity strategy to PGIM’s ETF range, combining Jennison’s active fundamental investment process with the liquidity and exchange-traded structure of an ETF. In June 2026, PGIM announced further strategic enhancements to its Jennison equity ETF platform following the PJUS launch, and in September 2026 expanded its core-equity ETF range with the launches of the PGIM Jennison Small-Mid Cap Core Equity ETF and PGIM Jennison International Core Equity ETF, extending the platform’s coverage beyond U.S. large-cap core equities.