PGIM
JENNISON BETTER FUTURE ETF | ||||||||
Ticker
Symbol: PJBF |
Listing
Exchange: Cboe BZX Exchange, Inc. |
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The
Securities and Exchange Commission
(“SEC”)
has not approved or disapproved the
Fund's
shares, nor has the SEC determined
that
this prospectus is complete or accurate.
It
is a criminal offense to state otherwise. Exchange
traded funds are distributed by
Prudential
Investment Management Services
LLC,
member SIPC. Jennison Associates
LLC
is a registered investment adviser. Both
are
Prudential Financial companies. © 2023
Prudential
Financial, Inc. and its related
entities.
Jennison Associates, Jennison, the
Prudential
logo and the Rock symbol are
service
marks of Prudential Financial, Inc.
and
its related entities, registered in many
jurisdictions
worldwide. |
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Management
fee |
|
Distribution
and service (12b-1) fees |
|
Other
expenses |
|
Total
annual Fund operating expenses |
|
Number
of Years You Own Shares |
1
Year |
3
Years |
|
$ |
$ |
Investment
Manager |
Subadviser |
Portfolio
Managers |
Title |
Service
Date |
PGIM
Investments LLC |
Jennison
Associates LLC |
Mark
B. Baribeau, CFA |
Managing
Director |
December
2023 |
|
|
Rebecca
Irwin |
Managing
Director |
December
2023 |
|
|
Jason
T. McManus |
Managing
Director |
December
2023 |
Principal
Strategies: Investment Limits |
◾Equity
and other Equity-Related Securities of companies that, at the time of
investment, help address (or are anticipated to
help
address) social and environmental challenges as identified by one or more
of UN SDGs based on the subadviser’s
proprietary
research and portfolio construction process as described below: At least
80% of investable assets |
Certain
Non-Principal Strategies: Investment Limits |
◾Money
Market Instruments: Up to 100% of investable assets on a temporary
basis ◾Derivatives:
Up to 25% of net assets (subject to the Fund’s operation under the
requirements of Rule 18f-4 under the
Investment
Company Act of 1940) ◾Illiquid
Investments: Up to 15% of net assets ◾Short
Sales (excluding short sales “against-the-box”):
Up to 25% of net assets |
Annualized
Returns | |||
As
of October 31, 2023 |
Net
of Fee Return |
Gross
of Fee Return |
MSCI
All Country World Index |
Since
Inception (March 31, 2022) |
-5.63% |
-4.91% |
-5.07% |
Calendar
Year Returns | |||
Year |
Net
of Fee Return |
Gross
of Fee Return |
MSCI
All Country World Index |
2023* |
21.08% |
21.84% |
6.75% |
2022** |
-24.65% |
-24.22% |
-13.74% |
Expected
Distribution Schedule* |
|
Net
Investment Income |
Annually |
Short-Term
Capital Gains |
Annually |
Long-Term
Capital Gains |
Annually |
FOR
MORE INFORMATION
Please
read this Prospectus before you invest in the Fund and keep it for future
reference. Information on the Fund's net asset
value,
market price, premiums and discounts, and bid-ask spreads can be found at
pgim.com/investments.
For
information or shareholder questions contact: | |
◾MAIL
PGIM
Investments LLC
655
Broad Street, 6th Floor
Newark,
NJ 07102 ◾WEBSITE
pgim.com/investments |
◾TELEPHONE
(888)
247-8090
(973)
802-2093
(from
outside the U.S.) |
◾E-DELIVERY
You
may request e-delivery of Fund documents by contacting your financial
intermediary directly or by going to
www.icsdelivery.com.
Instead of receiving printed documents by mail, you will receive
notification via email when new materials
are
available. You can cancel your enrollment or change your email address at
any time by visiting the website address
above. |
The
Annual and Semi-Annual Reports and the SAI contain additional information
about the Fund. Shareholders may obtain free
copies
of the SAI, Annual Report and Semi-Annual Report as well as other
information about the Fund and may make other
shareholder
inquiries through the telephone number, address and website listed
above. | |
◾STATEMENT
OF ADDITIONAL INFORMATION (SAI)
(incorporated
by reference into this Prospectus) ◾SEMI-ANNUAL
REPORT |
◾ANNUAL
REPORT
(contains
a discussion of the market conditions and
investment
strategies that significantly affected the Fund's
performance
during the last fiscal
period) |
You
can also obtain copies of Fund documents, including the SAI, from the
Securities and Exchange Commission as follows (the
SEC
charges a fee to copy documents): | |
◾ELECTRONIC
REQUEST
|
◾VIA
THE INTERNET
on
the EDGAR Database at
www.sec.gov |
PGIM
Jennison Better Future ETF | |
Ticker
Symbol |
PJBF |
Listing
Exchange |
Cboe
BZX Exchange, Inc. |