PGIM Files Active Small- and Mid-Cap Equity ETF

The PGIM Jennison Small-Mid Cap Core Equity ETF will focus on long-term capital appreciation through investments in small- and mid-cap equities. The actively-managed strategy combines proprietary fundamental research with quantitative portfolio construction, selecting stocks based on growth prospects, valuation, risk assessment, and conviction levels. While risk exposures are managed relative to the Russell 2500 Index, the fund is not benchmark-tracking and may hold a substantially different portfolio. The ETF can invest up to 20% of assets in foreign securities and will actively trade to capitalize on opportunities and manage risk during volatile markets.