PGIM Renames International ETF and Shifts to Focused 15–35 Stock Portfolio

PGIM will rename the PGIM Jennison International Opportunities ETF as the PGIM Jennison Focused International Equity ETF effective August 1, 2026. Alongside a management fee reduction to 0.54% from 0.65%, the fund will adopt a more concentrated strategy, typically holding about 25 non-U.S. stocks and generally between 15 and 35 positions. The actively managed ETF will continue to invest globally, including in emerging markets, but will place greater emphasis on high-conviction international growth opportunities and may have increased country, sector, and issuer concentration risk.