What this ETF is trying to do

The PGIM Jennison International Opportunities ETF (PJIO) invests in companies outside of the United States. Based on its top holdings, it focuses on international businesses in sectors like technology and manufacturing.

Top Holdings

As of October 7, 2026, the fund's largest holdings include:

• Taiwan Semiconductor Manufacturing Co Ltd ADR (11.26%)

• ASML Holding NV ADR (7.8%)

• Safran SA (5.06%)

• Rolls-Royce Holdings PLC (4.88%)

• Samsung Electronics Co Ltd (4.65%)

These are just the top holdings, and the full list can change over time.

What the numbers show

The current price of the ETF is $64.81. To understand how it has performed, we look at two different types of returns:

• Price Return: This measures only the change in the share price. The year-to-date (YTD) price return is 5.75%, while the one-year price return is -1.07%.

• Total Return: This reflects the overall return, including distributions. The YTD total return is 5.75%, and the one-year total return is -0.89%.

For example, if you had invested $10,000 based on the estimated price from roughly one year ago ($65.51), a price-only return of -1.07% would mean your investment value decreased to approximately $9,893.

Income and distribution explanation

This ETF provides cash distributions to investors, but they happen irregularly. In the last 12 months, there was only one payout. The distribution yield is 0.18%.

It is important for beginners to know that a distribution yield is not the same as a total return. A yield tells you how much cash the fund pays out relative to its price, but it does not guarantee that the original investment is growing or staying stable.

NAV erosion explanation

"NAV erosion" happens when the underlying value of a fund's assets drops significantly over time. StockValueFinder uses an erosion-risk score to measure this.

PJIO has an erosion score of 94, which is labeled as "Stable / sideways" with "good" severity. Additionally, the severe erosion-risk flag is false, meaning the fund's price trend did not trigger a high-risk warning.

Pros

• The erosion-risk score is currently rated as "good."

• The year-to-date price and total returns are positive at 5.75%.

Cons

• The one-year price and total returns are negative.

• Distributions are irregular and the yield is very low.

Beginner takeaway

PJIO gives investors a way to own a variety of international companies. While it has seen some growth so far this year, its one-year performance is slightly negative. Investors should remember that a low distribution yield means this fund is not primarily designed for high cash income.