|
Ticker
Symbol |
Listing
Exchange |
PGIM QMA
Strategic Alpha International Equity ETF |
PQIN |
NYSE Arca,
Inc. |
To
enroll in e-delivery, go to
pgim.com/investments/resource/edelivery |
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 (PIMS), member
SIPC. PGIM
Quantitative Solutions LLC (PGIM Quantitative
Solutions)
is a wholly owned subsidiary of PGIM, Inc. (PGIM), a
Prudential
Financial company and registered investment
adviser.
© 2021 Prudential Financial, Inc. and its related
entities.
The Prudential logo and the Rock symbol are service
marks
of Prudential Financial, Inc. and its related entities,
registered
in many jurisdictions worldwide. |
|
|
|
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
|
5
Years
|
10
Years
|
|
$ |
$ |
$ |
$ |
|
|
| ||
|
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|
|
|
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|
|
PGIM
QMA Strategic Alpha International Equity ETF |
1
Year |
Since
Inception |
Inception
Date |
Return
Before Taxes |
|
|
|
Return
After Taxes on Distributions |
|
|
|
Return
After Taxes on Distributions and Sale of Fund Shares |
|
|
|
Index
% (reflects no deduction for fees, expenses or taxes) (as of
12-31-20) | |||
MSCI EAFE
Index |
|
|
|
Investment
Manager |
Subadviser |
Portfolio
Managers |
Title |
Service
Date |
PGIM
Investments LLC |
PGIM
Quantitative Solutions LLC* |
Stephen
Courtney |
Managing
Director,
Portfolio
Manager |
December
2018 |
|
|
Edward J.
Lithgow, CFA |
Vice
President,
Portfolio
Manager |
December
2018 |
Principal
Strategies: Investment Limits |
■Non-U.S.
equity securities: At least 80% of investable
assets |
Certain
Non-Principal Strategies: Investment Limits |
■Derivatives:
Up to 25% of net assets ■Borrowing:
Up to 33 1∕3% of total
assets ■Money
market instruments: Up to 100% on a temporary basis ■Illiquid
investments: Up to 15% of net
assets |
Expected
Distribution Schedule* |
|
|
|
Fund
|
Net
Investment Income |
Short Term
Capital Gains |
Long Term
Capital Gains |
PGIM QMA
Strategic Alpha International Equity ETF |
Quarterly |
Annually |
Annually |
PGIM
QMA Strategic Alpha International Equity ETF |
|
|
|
|
Year
Ended
August
31,
2021 |
Year
Ended
August
31,
2020 |
December
4,
2018(e)
through
August
31,
2019 |
Per
Share Operating Performance(a): |
|
|
|
Net
Asset Value, Beginning of Period |
$51.23 |
$49.55 |
$50.00 |
Income
(loss) from investment operations: |
|
|
|
Net
investment income (loss) |
1.44 |
1.09 |
1.16 |
Net
realized and unrealized gain (loss) on investments and foreign currency
transactions |
10.94 |
1.88 |
(0.63) |
Total from
investment operations |
12.38 |
2.97 |
0.53 |
Less
Dividends and Distributions: |
|
|
|
Dividends
from net investment income |
(1.34) |
(1.29) |
(0.98) |
Net asset
value, end of period |
$62.27 |
$51.23 |
$49.55 |
Total
Return(b): |
24.43% |
6.05% |
1.09% |
|
|
|
|
Ratios/Supplemental
Data: |
|
|
|
Net
assets, end of period (000) |
$43,589 |
$35,861 |
$34,687 |
Average
net assets (000) |
$40,415 |
$34,722 |
$27,908 |
Ratios
to average net assets(c): |
|
|
|
Expenses
after waivers and/or expense reimbursement |
0.29% |
0.29% |
0.29%(d)
|
Expenses
before waivers and/or expense reimbursement |
0.29% |
0.29% |
0.29%(d)
|
Net
investment income (loss) |
2.49% |
2.20% |
3.12%(d)
|
Portfolio
turnover rate(f)(g)
|
79% |
92% |
63% |
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, 17th 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 year)
|
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
QMA Strategic Alpha International Equity ETF | |
Ticker
Symbol |
PQIN |
Listing
Exchange |
NYSE
Arca, Inc. |