Two Ways to Invest Copy

TWO WAYS TO INVEST

PGIM Investments offers exposure to specified buffer levels through Buffer ETFs (for months of the year). We also offer a series of Laddered Buffer ETFs (fund-of-funds comprised of Buffer ETFs).

LADDERED BUFFER ETFs**

Funds of Buffer ETFs that don’t directly provide caps or buffers, but offer investors a simple way to gain exposure to varying caps, buffers, and outcome period end dates

BUFP
Exposure to SPY
12% Buffer ETFs

PBFR
Exposure to SPY
20% Buffer ETFs

PBQQ

Exposure to QQQ
12% Buffer ETFs

BUFFER ETFs*

Funds that seek to participate in the market, up to a specified cap, while limiting downside risk through a buffer (before fees and expenses)

SPY
12%
Buffer

SPY
20%
Buffer

SPY
MAX

Buffer

QQQ

12%
Buffer

The buffer is only provided by the Buffer ETFs, and the Laddered Buffer ETFs do not provide any stated buffer against losses. The Laddered Buffer ETFs likely will not receive the full benefit of the buffers of the Buffer ETFs and could have limited upside potential. The Laddered Buffer ETFs’ returns are limited by the caps of the Buffer ETFs.