PGIM ETF Trust - PGIM Short Duration Multi-Sector Bond ETF

PGIM ETF Trust - PGIM Short Duration Multi-Sector Bond ETF is an exchange traded fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income and PGIM Limited. It invests in fixed income markets of global region. The fund primarily invests in high yield fixed income instruments including U.S. government securities, mortgage-related and asset-backed securities, corporate debt securities, foreign debt securities and loan participations and assignments that are rated either Ba1 or lower by Moody's or BB+ or lower by S&P. It invests in securities with weighted average portfolio duration of three years or less. The fund employs fundamental and quantitative analysis with bottom-up and top-down security picking approach to create its portfolio. It employs proprietary research to create its portfolio. PGIM ETF Trust - PGIM Short Duration Multi-Sector Bond ETF was formed on July 19, 2023 and is domiciled in the United States.