PGIM S&P 500 Quarterly Buffer 5 ETF

PGIM S&P 500 Quarterly Buffer 5 ETF is an actively managed exchange-traded fund designed to provide exposure to U.S. large-cap equities through a defined outcome strategy. The fund seeks to track the price return of the SPDR S&P 500 ETF Trust up to a preset upside cap while offering a buffer against the first 5% of losses during each approximate three-month outcome period. Its structure uses options and collateral to shape returns, making it part of PGIM’s buffer ETF lineup focused on managing equity market volatility. PGIM S&P 500 Quarterly Buffer 5 ETF serves investors looking for a rules-based portfolio tool tied to the U.S. large-cap market, with performance objectives centered on participation in rising markets and limited downside protection within each quarterly cycle.