PGIM Laddered Nasdaq-100 Buffer 12 ETF

PGIM Laddered Nasdaq-100 Buffer 12 ETF is an actively managed exchange-traded fund designed to provide exposure to the Nasdaq-100 through a laddered portfolio of four PGIM Nasdaq-100 Buffer 12 ETFs. Its structure combines equity market participation with a defined-outcome approach that seeks to limit downside risk through buffered exposure across staggered quarterly positions. The fund is built around large-cap U.S. growth companies represented in the Nasdaq-100, making it a diversified vehicle for accessing the technology-heavy and innovation-focused segments of the U.S. equity market. PGIM Laddered Nasdaq-100 Buffer 12 ETF is used by investors looking for a rules-based fund-of-funds structure with built-in downside mitigation features, while still maintaining exposure to broad Nasdaq-100 price movements. It is part of PGIM’s buffer ETF lineup and reflects the growing use of options-based strategies in packaged investment products.