PGIM Laddered S&P 500 Buffer 12 ETF

PGIM Laddered S&P 500 Buffer 12 ETF is an actively managed exchange-traded fund designed to provide U.S. large-cap equity exposure through a laddered portfolio of 12 PGIM S&P 500 Buffer 12 ETFs. The fund’s structure is built around defined-outcome investing, combining exposure to the S&P 500 with mechanisms intended to limit downside risk while also capping upside participation over set outcome periods. By blending monthly buffer ETFs into a single portfolio, it offers investors a simplified, single-ticker way to access a range of buffer periods and market outcomes. PGIM Laddered S&P 500 Buffer 12 ETF is used by market participants seeking a packaged solution for equity exposure with built-in risk management features, and it plays a niche role within the broader alternatives and defined-outcome ETF segment.