PGIM S&P 500 Buffer 20 ETF - March

PGIM S&P 500 Buffer 20 ETF - March is an actively managed exchange-traded fund designed to track the price return of the SPDR S&P 500 ETF Trust, with a built-in outcomes framework that targets capped upside potential and partial downside protection. The fund uses FLEX options and collateral to seek returns that mirror the underlying large-cap U.S. equity market while buffering the first 20% of losses, before fees and expenses, over a one-year target outcome period. PBMR is part of PGIM’s buffer ETF lineup, which is built for investors looking for defined-risk market exposure rather than direct index replication. The strategy centers on U.S. large-cap stocks and broad market participation, making the fund a structured equity solution within the alternative ETF segment. PGIM S&P 500 Buffer 20 ETF - March is managed by PGIM Investments and is intended to provide a rules-based approach to S&P 500 exposure with predefined upside and downside parameters.