PBJL – PGIM S&P 500 Buffer 20 ETF - Jul – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide investors with returns that match the price return of the SPDR® S&P 500® ETF Trust. Under normal market conditions, 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. It will invest substantially all of its assets 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”). The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PBJL	PGIM S&P 500 Buffer 20 ETF - July	ETF	Open	—	—	May 7, 2024	$72.97M	0.500%	—	—	$44.05M

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