PGIM S&P 500 Buffer 20 ETF - December (PBDE)

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. It will invest substantially all of its assets in customized equity or index option contracts known as FLexible EXchange® Options on the SPDR® S&P 500® ETF Trust. The fund is non-diversified.