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Trending ETFs

Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$58.13

$12.1 M

0.00%

0.59%

Vitals

YTD Return

15.7%

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$12.1 M

Holdings in Top 10

52.5%

52 WEEK LOW AND HIGH

$58.3
$48.29
$58.77

Expenses

OPERATING FEES

Expense Ratio 0.59%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$58.13

$12.1 M

0.00%

0.59%

PJBF - Profile

Distributions

  • YTD Total Return 15.7%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    PGIM Jennison Better Future ETF
  • Fund Family Name
    Prudential
  • Inception Date
    Dec 19, 2023
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Under normal circumstances, the Fund invests at least 80% of its investable assets in equity and equity-related securities of companies that, at the time of investment, help address (or are anticipated to help address) social and environmental challenges as identified by one or more of the United Nations Sustainable Development Goals (“UN SDGs”) based on the subadviser’s proprietary research and portfolio construction process as described below. The term “investable assets” refers to the Fund’s net assets plus any borrowings for investment purposes. The Fund’s investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. The Fund follows a growth investment style and will normally invest in a limited number of issuers. The Fund is an actively managed exchange-traded fund (“ETF”) and, thus, does not seek to replicate the performance of a specified index.The subadviser selects investments for the Fund using a combination of proprietary bottom-up fundamental research and systematic portfolio construction to build a portfolio intended to deliver attractive long-term investment returns while focusing on companies addressing social and environmental challenges.The subadviser seeks to identify companies whose products and services help address, or are anticipated to help address, social and environmental challenges as identified by one or more of UN SDGs (the criteria for determining which may be updated periodically and are subject to change over time). Currently, the subadviser expects to seek to invest the Fund in companies: (i) with a focus on health and wellness, including innovation in medical treatment and access to healthcare and services; (ii) seeking technological advances to improve productivity, connectivity, financial and economic inclusion and human capital elevation (e.g., reductions in poverty, access to financial services and the digital economy, and workplace safety and improvement); or (iii) engaged in climate action (e.g., clean energy transition and sustainable consumption, clean energy storage, and responsible energy production and conservation). The subadviser’s focus and criteria for issuer selection may change over time.Taking these criteria into consideration, the subadviser conducts fundamental research to identify what it believes to be attractive investments and assesses a company’s alignment with one or more of the UN SDGs. The UN SDGs are a set of 17 goals that were adopted by the United Nations as a universal call to action to end poverty, protect the earth’s environment and climate, and ensure that people everywhere enjoy peace and prosperity. Examples of the UN SDGs currently include: good health and wellbeing; no poverty; decent work, empowerment and access; industry, innovation and infrastructure; affordable and clean energy; and responsible production and consumption. The subadviser determines whether a company is aligned with a UN SDG if it: (i) derives or commits at least 20% of its (1) total revenue or (2) earnings before interest, taxes, depreciation and amortization (“EBITDA”) or (3) capital expenditure (“capex”) (e.g., money a company uses to purchase, maintain, or expand fixed assets) or (4) operational metrics from or to products or services that are anticipated to help address social and environmental challenges as identified by a UN SDG; or (ii) has stated targets or goals with respect to their products or services in publicly available issuer disclosures indicating that the company plans to meet or exceed the 20% threshold described in (i) and the issuer’s publicly available disclosures support the company’s continued transition toward the stated targets or goals. If a company does not meet either of these criteria, it will not be included as an investment within the Fund’s 80% investment policy. If, at the time of investment, a company met but thereafter no longer meets either of the criteria for inclusion in the 80% policy, the subadviser will not be required to immediately sell those holdings previously included in the 80% policy but will make future investments in a manner that would bring the Fund towards compliance with the 80% policy if the Fund’s investments no longer meet the 80% threshold. Up to 20% of the Fund’s investable assets can be invested in companies that do not meet the subadviser’s criteria for alignment to the UN SDGs as described above or otherwise address social and environmental challenges.After establishing the universe of companies available for investment by applying the criteria above, the subadviser decides which securities to buy using what is known as a growth investment style and looks for companies with disruptive technologies or services, dynamic new product cycles and an expanding addressable market. The subadviser seeks to identify companies with leading market share, pricing power and strong revenue growth, secular demand trends driven by superior product offerings and healthy balance sheets with financial flexibility.Additionally, the subadviser excludes companies from the Fund’s portfolio that it determines, using the services of a third party data provider, do not meet the subadviser’s investment criteria at the time of investment, (which may be updated periodically and are subject to change over time at the subadviser’s discretion). Such excluded companies currently include: (i) involved in controversial weapons (e.g., landmines, biological/chemical weapons, depleted uranium weapons, blinding laser weapons, incendiary weapons, and/or non-detectable fragments) or nuclear weapons; and (ii) with revenues above a certain threshold (which is determined by the subadviser and generally ranges from 0% - 20%) from certain other weapons businesses (including conventional weapons and weapons support systems (e.g., military equipment)), civilian firearms ((such as guns, rifles, and pistols or components of these), and producers and retailers of civilian firearms), tobacco (producers, retailers, distributors and suppliers), adult entertainment, gambling, thermal coal mining, and thermal coal generation; (iii) sanctioned by the United States through the Office of Foreign Assets Control and United Nations Security Council; and (iv) that fail compliance with the United Nations Global Compact principles (“UNGC”). Involvement in controversial weapons is determined by revenue tied to controversial weapons based on data from the third party data provider or a determination by the third party provider that the company (or its parent or subsidiaries of the parent) have material connections to controversial weapons, such as the manufacture of controversial weapons or their components. The principles of the UNGC represent a set of values that the United Nations believes responsible businesses should incorporate into their operations in order to meet fundamental responsibilities in the areas of human rights, labor, environment and anti-corruption. To the extent a company's status changes to meet the qualification for exclusion, the subadviser will take steps to divest its holdings of the company within a reasonable period of time after the company's change in status.The subadviser employs a systematic portfolio construction process that seeks to manage overall investment risk exposures and characteristics in order to manage liquidity considerations and maintain consistency with the Fund’s objective.The Fund may invest in companies of any market capitalization.The equity and equity-related securities in which the Fund primarily invests are common stocks, non-convertible preferred stocks and convertible securities. Other equity-related securities in which the Fund may invest include American Depositary Receipts (“ADRs”) and other similar receipts or shares; warrants and rights that can be exercised to obtain stock or other eligible investments; investments in various types of business ventures, including partnerships and joint ventures; real estate investment trusts (“REITs”); and similar securities. Convertible securities are securities—like bonds, corporate notes, and preferred stocks—that the Fund can convert into the company’s common stock or some other equity security. The Fund may participate in the initial public offering (“IPO”) market.The Fund can invest without limit in foreign securities, and may invest a significant portion of its assets in companies located in emerging markets. The Fund may from time to time be geographically concentrated and may invest a substantial amount of its assets in securities of issuers located in a single country, including the United States, or a small number of countries.The Fund is “non-diversified” for purposes of the Investment Company Act of 1940 (the “1940 Act”), which means it can invest a greater percentage of its assets in fewer issuers than a “diversified” fund.
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PJBF - Performance

Return Ranking - Trailing

Period PJBF Return Category Return Low Category Return High Rank in Category (%)
YTD 15.7% N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period PJBF Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period PJBF Return Category Return Low Category Return High Rank in Category (%)
YTD 15.7% N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period PJBF Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

PJBF - Holdings

Concentration Analysis

PJBF Category Low Category High PJBF % Rank
Net Assets 12.1 M N/A N/A N/A
Number of Holdings 30 N/A N/A N/A
Net Assets in Top 10 6.28 M N/A N/A N/A
Weighting of Top 10 52.51% N/A N/A N/A

Top 10 Holdings

  1. Microsoft Corp 6.84%
  2. Amazon.com Inc 6.55%
  3. MercadoLibre Inc 5.74%
  4. NVIDIA Corp 5.74%
  5. Ferrari NV 5.46%
  6. Hermes International SCA 5.19%
  7. Novo Nordisk A/S 4.52%
  8. Eli Lilly Co 4.35%
  9. L'Oreal SA 4.17%
  10. Broadcom Inc 3.96%

Asset Allocation

Weighting Return Low Return High PJBF % Rank
Stocks
99.16% N/A N/A N/A
Cash
0.84% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Other
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A
Bonds
0.00% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High PJBF % Rank
Utilities
0.00% N/A N/A N/A
Technology
0.00% N/A N/A N/A
Real Estate
0.00% N/A N/A N/A
Industrials
0.00% N/A N/A N/A
Healthcare
0.00% N/A N/A N/A
Financial Services
0.00% N/A N/A N/A
Energy
0.00% N/A N/A N/A
Communication Services
0.00% N/A N/A N/A
Consumer Defense
0.00% N/A N/A N/A
Consumer Cyclical
0.00% N/A N/A N/A
Basic Materials
0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High PJBF % Rank
US
81.18% N/A N/A N/A
Non US
17.98% N/A N/A N/A

PJBF - Expenses

Operational Fees

PJBF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.59% N/A N/A N/A
Management Fee 0.59% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

PJBF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

PJBF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PJBF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

PJBF - Distributions

Dividend Yield Analysis

PJBF Category Low Category High PJBF % Rank
Dividend Yield 0.00% N/A N/A N/A

Dividend Distribution Analysis

PJBF Category Low Category High Category Mod
Dividend Distribution Frequency None

Net Income Ratio Analysis

PJBF Category Low Category High PJBF % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

PJBF Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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PJBF - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A