PBAP

📎 Investment Objective

The PGIM S&P 500 Buffer 20 ETF - April seeks to provide investors with a buffer against the first 20% of losses in the S&P 500 Index over a one-year period, while also providing upside exposure to the index's performance.

✨ Key Features

• Provides a 20% buffer against losses in the S&P 500 Index over a one-year period
• Offers upside exposure to the S&P 500 Index's performance
• Resets its buffer and upside participation annually in April
• Expense ratio of 0.00%

⚠️ Primary Risks

• Market risk: The ETF's performance is tied to the S&P 500 Index, and it is subject to the same market fluctuations as the underlying index
• Buffered loss risk: The 20% buffer does not protect against losses greater than 20%, and investors may still experience significant losses
• Opportunity cost risk: The buffer and upside participation may limit the ETF's potential for gains compared to a direct investment in the S&P 500 Index
• Liquidity risk: As a new ETF with low assets under management, it may have lower trading volume and liquidity compared to more established funds

👤 Best For

The PGIM S&P 500 Buffer 20 ETF - April may be suitable for investors seeking to mitigate downside risk in the S&P 500 Index while still maintaining some upside exposure. It could be a useful component of a diversified portfolio, particularly for investors with a moderate risk tolerance and a one-year investment horizon.