PBJA

📎 Investment Objective

The PGIM S&P 500 Buffer 20 ETF - January 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

• Seeks to provide 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, subject to a cap
• Resets the buffer and cap annually in January
• Expense ratio of 0.00%

⚠️ Primary Risks

• Market risk: The ETF's performance is tied to the performance of the S&P 500 Index, and it is subject to the same market risks as the underlying index
• Capped upside potential: The fund's upside exposure is subject to a cap, which may limit the investor's participation in the index's gains
• Liquidity risk: The ETF may have limited trading volume, which could affect an investor's ability to buy or sell shares at desired prices
• Counterparty risk: The fund's performance is dependent on the creditworthiness of the options counterparties

👤 Best For

The PGIM S&P 500 Buffer 20 ETF - January may be suitable for investors seeking to participate in the upside of the S&P 500 Index while limiting their downside exposure. It may be particularly appealing to investors with a moderate risk tolerance who are looking for a buffer against market downturns.