| Investment Objective: |
PGIM S&P 500 Max Buffer ETF - September seeks to provide investors with returns that match the price return of the SPDR S&P 500 ETF Trust (SPY) up to a predetermined upside cap while seeking to maximize the downside protection against the SPDR S&P 500 ETF Trust's losses over the one-year Target Outcome Period from September 1, 2025 through August 31, 2026. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in investments that provide exposure to securities included in the S&P 500 Index. The Fund is an actively managed exchange-traded fund. The Fund pursues its investment objective primarily by investing in customized equity or index option contracts known as FLexible EXchange Options ("FLEX Options") on the SPDR S&P 500 ETF Trust (the "Underlying ETF"). FLEX Options trade on an exchange but provide investors with the ability to customize key contract terms like expiration date, option type (put or call), exercise style, strike price, premium, trading hours and exercise settlement, among others. |
