PGIM S&P 500 Buffer 12 ETF - July Investment Objectives and Goals |
Jun. 30, 2026 |
|---|---|
| PGIM S&P 500 Buffer 12 ETF - July | |
| Prospectus [Line Items] | |
| Objective, Primary [Text Block] | The Fund’s investment objective is to provide investors with returns that match the price return of the SPDR® S&P 500® ETF Trust up to a predetermined upside cap while providing a downside buffer against the first 12% (before fees and expenses) of the SPDR® S&P 500® ETF Trust’s losses over the one-year Target Outcome Period. In seeking to achieve this investment objective, the Fund’s upside cap over the period July 1, 2026 through June 30, 2027 is 16.17% (before fees and expenses).The Fund’s investment objective is to provide investors with returns that match the price return of the SPDR® S&P 500® ETF Trust up to a predetermined upside cap while providing a downside buffer against the first 20% (before fees and expenses) of the SPDR® S&P 500® ETF Trust’s losses over the one-year Target Outcome Period. In seeking to achieve this investment objective, the Fund’s upside cap over the period July 1, 2026 through June 30, 2027 is 12.31% (before fees and expenses).* Takes into account the Fund’s unitary management fee.In connection with the onset of the new Target Outcome Period, each Fund’s prospectus is amended as set forth below:■The sections in the Funds’ Prospectus entitled “Investment Objective” are deleted in their entirety and replaced with the corresponding disclosure set forth under “Investment Objective” in the table above.■All references to the dates associated with the prior Target Outcome Period are deleted in their entirety and replaced with references to the new Target Outcome Period: July 1, 2026 through June 30, 2027.■All references to the upside cap for the prior outcome period are deleted in their entirety and replaced with the corresponding cap set forth in the table above. |