PGIM Expands Active ETF Lineup with Launch of PGIM Jennison US Core Equity ETF

NEWARK, N.J.--(BUSINESS WIRE)--PGIM, the $1.4 trillion global asset management business of Prudential Financial, Inc.¹ (NYSE: PRU), has launched the PGIM Jennison U.S. Core Equity ETF (PJUS), an actively managed exchange‑traded fund (ETF) that seeks to provide investors with access to a diversified U.S. equity portfolio through a cost‑efficient structure.

The PGIM Jennison U.S. Core Equity ETF is subadvised by Jennison, an investment group within PGIM that specializes in a range of fundamental active equity and fixed income investment strategies.

“Expanding our actively managed ETF lineup remains a strategic priority for PGIM as investor demand for high‑quality, actively managed strategies in an ETF wrapper continues to grow,” said Stuart Parker, head of Global Wealth, PGIM. “The launch of PJUS reflects our ongoing focus on delivering investment solutions that are relevant, accessible and competitively priced to solve for investors’ portfolio objectives.”

The ETF is comprised of a roughly 100-stock core portfolio and its strategy is informed by Jennison’s fundamental, bottom‑up investment approach, which emphasizes in‑depth research and security selection while maintaining disciplined control of factor and risk exposures. It is offered at a 0.19% net expense ratio and is listed on the Cboe BZX Exchange.

“For more than five decades, Jennison has been built on the conviction that rigorous, bottom-up fundamental research is the foundation of long-term outperformance,” said Ken Moore, head of Jennison. “We are excited to apply that same research-led discipline and deep security-selection expertise to a benchmark-aware core-equity strategy, backed by a team of more than 50 experienced investment professionals with a singular focus on delivering strong outcomes for our clients and partners.”

With this launch, PGIM now offers over 60 actively managed ETFs across equity and fixed income asset classes. PGIM is the 12th-largest active ETF provider with $23 billion in AUM across the platform.²

Founded in 1969, Jennison manages $190 billion in client assets across a range of equity and fixed income investment strategies.¹ Original fundamental research, specialized investment teams, strong client focus, and highly experienced investment professionals are among the firm’s competitive distinctions.

Learn more about PGIM’s growing lineup of actively managed ETFs at pgim.com.

ABOUT PGIM

PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), with $1.4 trillion in assets under management.¹ PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions — including fixed income, equities, real estate and alternatives. With 1,500+ investment professionals across 40 offices in 20 countries, we serve retail and institutional clients worldwide. For more information, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

^1As of March 31, 2026. ^2Source: Morningstar Direct as of Dec. 31, 2025.

Jennison Associates is a registered investment advisor under the U.S. Investment Advisers Act of 1940, as amended, and a Prudential Financial company. Registration as a registered investment adviser does not imply a certain level or skill or training.

Jennison Associates LLC has not been licensed or registered to provide investment services in any jurisdiction outside the United States. Certain investment vehicles are distributed or offered through Prudential Investment Management Services LLC (also a Prudential Financial Company) or other affiliated entities. Additionally, vehicles may not be registered or available for investment in all jurisdictions. Please visit jennison.com/important-disclosures for important information, including information on non-U.S. jurisdictions.

As an actively managed exchange-traded fund (ETF), risks of investing in the Fund include, but are not limited to the following: The Fund is subject to authorized participant concentration risk and the risks of transacting in cash versus in kind. ETFs may trade at a premium or discount to net asset value and may lack an active trading market. Additional costs may be incurred when transacting through a broker. Equity and equity-related securities may be subject to changes in value, and their values may be more volatile than those of other asset classes. The Fund’s blend investment style may subject the Fund to the risks of both value and growth investing. Large-capitalization companies go in and out of favor based on market and economic conditions; the Fund’s value may not rise or fall as much as the value of funds that emphasize companies with smaller market capitalizations. As a non-diversified fund, investments in the Fund involve greater risk than investing in a diversified fund because a loss resulting from the decline in value of any one security may represent a greater portion of the total assets of a non-diversified fund. The Fund’s concentration in certain securities may cause the Fund to be adversely affected by the performance of those securities. Foreign securities are subject to currency fluctuations and political uncertainty. The Fund has a limited operating history and investment positions may have a disproportionate impact on performance. Derivatives may carry market, credit and liquidity risks. The Fund uses quantitative models. Securities or other investments selected using quantitative models may perform differently from the market or from expected performance. There is no assurance that these methodologies will produce the desired results or enable the Fund to meet its objective. There is no guarantee the Fund’s objective will be achieved. Risks are more fully explained in the Fund’s prospectus.

Consider a fund’s investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. Contact your financial professional for a prospectus and summary prospectus. Read them carefully before investing.

Investment products are distributed by Prudential Investment Management Services LLC, member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. Jennison Associates (Jennison) is a registered investment advisor. All are Prudential Financial affiliates. PGIM is the principal asset management business of Prudential Financial, Inc. (PFI), and a trading name of PGIM, Inc. and its global subsidiaries and affiliates. © 2026 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, Jennison Associates, Jennison, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional.

INVESTMENT PRODUCTS | Are not insured by the FDIC or any federal government agency | May lose value | Are not a deposit of or guaranteed by any bank or any bank affiliate

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