Rhea-AI Summary
PGIM, Prudential Financial’s (NYSE: PRU) investment management business, plans to merge its Jennison Focused Value Fund into its Jennison Focused Value ETF.
The reorganization was initially announced in June 2026. PGIM expects it to become effective on or about January 15, 2027. Upon completion, fund shareholders will receive shares of the PGIM Jennison Focused Value ETF, which trades under PJFV and has an expense ratio of 0.33%. The PGIM Jennison Focused Value Fund will cease operations following the reorganization.
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