PGIM Cuts Jennison Focused Value ETF Fee by More Than Half

PGIM will reduce the management fee for the PGIM Jennison Focused Value ETF from 0.75% to 0.33%, effective July 1, 2026, lowering the fund’s total annual operating expenses to 0.33%. The board also adopted several new fundamental investment policies, including making the fund’s investment objective a fundamental policy that cannot be changed without shareholder approval. Additional amendments clarify diversification requirements, asset pledging authority, underwriting restrictions, and rules governing real estate, commodities, and derivatives investments.