What this ETF is trying to do

The PGIM Jennison Focused Value ETF (PJFV) is an exchange-traded fund that invests in a concentrated group of companies. Based on its top holdings, it holds large companies across different industries, including technology, banking, and energy.

What the numbers show

As of September 18, 2026, the share price was $100.02.

When looking at performance, there are two different numbers to track: price return (how much the share price changed) and total return (which includes the share price change plus distributions).

• Year-to-Date (YTD): The price return and total return are both 20.87%.

• One Year: The price return was 26.93%, while the total return was 27.80%.

• Three Year: The price return was 83.92%, and the total return was 89.82%.

To put this in perspective, the estimated price from roughly one year ago was $78.80. If an investor had put $10,000 into the fund based on that estimated price, the value of those shares alone (not counting distributions) would have grown by approximately 26.93%.

Income and distribution explanation

This ETF provides cash payments called distributions. The distribution yield is 0.57%. Over the last 12 months, it has made one payout. The frequency of these payments is described as irregular or less frequent.

It is important for new investors to remember that a distribution yield is not the same as a total return. While distributions provide cash income, they do not guarantee that the original investment value will stay the same.

NAV erosion explanation

"NAV erosion" happens when the underlying value of a fund's assets drops over time. This ETF has an erosion-risk score of 100, and the erosion severity is labeled as "good." The data shows no price erosion detected, and the severe erosion-risk flag is false.

Top Holdings

The fund holds 38 total assets. Because the list is partial, we only see the Top Holdings. As of October 4, 2026, the largest holdings included:

• Microsoft Corp: 6.08%

• Apple Inc: 5.65%

• Amazon.com Inc: 4.63%

• JPMorgan Chase & Co: 4.56%

• ExxonMobil Holdings Corp: 4.16%

Pros

• Strong price and total returns over the one-year and three-year periods.

• No detected NAV erosion.

• Invests in well-known, large-cap companies.

Cons

• Very low distribution yield for those seeking high current income.

• Irregular distribution schedule.

Beginner takeaway

PJFV has shown significant growth in its share price over the last three years. While it does pay out some cash, it is not designed for high income. Instead, its primary growth has come from the increase in its share price.