PMFB – PGIM S&P 500 Max Buffer ETF - February – 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 up to a predetermined upside cap while seeking to maximize the downside protection against the State Street® SPDR® S&P 500® ETF Trust’s losses over the one-year Target Outcome Period. 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 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
PMFB	PGIM S&P 500 Max Buffer ETF - February	ETF	Open	—	—	Jan 31, 2025	$6.10M	0.500%	—	—	$2.14M

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