PGIM S&P 500 Max Buffer ETF - May

PGIM S&P 500 Max Buffer ETF - May is an actively managed exchange-traded fund designed to deliver exposure to U.S. large-cap equities while using a defined outcome structure. The fund seeks to track the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap, while aiming to maximize downside protection over a one-year target outcome period. It uses FLEX options to construct its strategy and is reset annually in May, which makes it part of PGIM’s monthly buffer ETF series. The fund is built for investors looking for a packaged equity-market exposure that pairs participation in market gains with a built-in buffer feature. PGIM S&P 500 Max Buffer ETF - May is positioned within the alternative ETF category and is part of PGIM’s broader buffer ETF lineup focused on U.S. large-cap market outcomes.