PBJA

PGIM US Large-Cap Buffer 20 ETF - January seeks to provide investors with returns that match the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap while providing a downside buffer against the first 20% of the SPDR S&P 500 ETF Trust's losses over the one year Target Outcome Period. In seeking to achieve this investment objective, the fund's upside cap over the period January 1, 2024 through December 31, 2024 is anticipated to be between 11.90% and 13.90%. the fund will invest at least 80% of its net assets in investments that provide exposure to equity securities issued by large-capitalization U.S. companies. The fund is non-diversified.