PGIM S&P 500 Buffer 20 ETF - October

PGIM S&P 500 Buffer 20 ETF - October is an actively managed exchange-traded fund designed to provide exposure to large-cap U.S. equities through a buffered outcome strategy. The fund seeks to deliver the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap while offering downside protection against the first 20% of losses, before fees and expenses, over a one-year target outcome period. It uses options and collateral to pursue this objective and is part of PGIM’s buffer ETF lineup, which is built around defined return and risk profiles. The fund serves investors looking for broad U.S. equity market exposure with a structured payoff framework rather than traditional index tracking. Its holdings and outcome period reset in October, making it a time-specific solution within the U.S. large-cap equity segment.