PGIM AAA CLO Aggregate Duration ETF is an actively managed fixed income ETF focused on U.S. dollar-denominated AAA-rated collateralized loan obligations. The fund seeks to maximize total return through a combination of current income and capital appreciation, while using a duration overlay intended to align its interest-rate sensitivity more closely with the broad U.S. bond market. It primarily gains exposure to high-quality CLO securities directly or through investment in PGIM AAA CLO ETF, and it may also use Treasury securities and futures to help manage portfolio duration. The ETF is designed for investors seeking access to securitized credit within a core bond framework, combining specialized CLO exposure with broader fixed income characteristics. PGIM AAA CLO Aggregate Duration ETF is part of PGIM’s fixed income lineup and reflects the firm’s use of active research and portfolio management in the structured credit market.

PGIM AAA CLO Aggregate Duration ETF is an actively managed fixed income ETF focused on U.S. dollar-denominated AAA-rated collateralized loan obligations. The fund seeks to maximize total return through a combination of current income and capital appreciation, while using a duration overlay intended to align its interest-rate sensitivity more closely with the broad U.S. bond market. It primarily gains exposure to high-quality CLO securities directly or through investment in PGIM AAA CLO ETF, and it may also use Treasury securities and futures to help manage portfolio duration. The ETF is designed for investors seeking access to securitized credit within a core bond framework, combining specialized CLO exposure with broader fixed income characteristics. PGIM AAA CLO Aggregate Duration ETF is part of PGIM’s fixed income lineup and reflects the firm’s use of active research and portfolio management in the structured credit market.