# PGIM to Merge Focused Value Mutual Fund Into PJFV ETF

- URL: https://stocks.freetheai.org/news/pgim-to-merge-focused-value-mutual-fund-into-pjfv-etf-111468
- Published: 2026-10-14T21:00:00Z
- Category: company_news; sentiment: neutral; impact: low
- Symbols: [AMEX:PJFV](https://stocks.freetheai.org/symbols/AMEX-PJFV), [NYSE:PRU](https://stocks.freetheai.org/symbols/NYSE-PRU)
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PGIM, the asset management arm of Prudential Financial, Inc. (PRU), is merging its Jennison Focused Value Fund into the PGIM Jennison Focused Value ETF (PJFV). Upon completion of the reorganization, mutual fund investors will receive ETF shares, and the mutual fund will shut down.

This corporate action shifts investors from a traditional mutual fund vehicle into an actively managed exchange-traded fund structure. The receiving ETF carries an annual expense ratio of 0.33%.

Originally announced in June 2026, the transition is scheduled to become effective on or about January 15, 2027. Market participants will watch for final closing steps as the merger date approaches.

## Key points

- PGIM is merging the PGIM Jennison Focused Value Fund into the PGIM Jennison Focused Value ETF.
- Shareholders of the mutual fund will receive shares of the ETF, trading under ticker symbol PJFV.
- The receiving ETF features an annual expense ratio of 0.33%.
- The reorganization was announced in June 2026 and is expected to take effect around January 15, 2027.
- The mutual fund will cease operations after the reorganization is complete.

## Questions and answers

### When will the PGIM Jennison Focused Value Fund merge into the ETF?

The reorganization is expected to become effective on or about January 15, 2027, following its initial announcement in June 2026.

### What happens to mutual fund shareholders in the PGIM Jennison Focused Value Fund merger?

Shareholders will receive shares of the PGIM Jennison Focused Value ETF (PJFV), after which the mutual fund will cease operations.

### What is the expense ratio of the PGIM Jennison Focused Value ETF?

The PGIM Jennison Focused Value ETF (PJFV) has an expense ratio of 0.33%.