- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 655 Broad Street Newark NJ United States of America 7102
- IPO Date
- May 17, 2024
- Business
- PGIM, the asset management business of Prudential Financial, Inc., provides active investment management and client-focused advisory services across public and private markets, including fixed income, equity, real estate, private credit, alternatives, multi-asset solutions, retail funds, and retirement solutions; it is headquartered in Newark, New Jersey, and traces its origins to 1875. PGIM offers a broad platform through its multi-affiliate structure, with capabilities spanning public fixed income, fundamental equity, quantitative equity and multi-asset strategies, real estate equity and debt, private credit, private equity secondaries, and ETFs; its retail vehicle lineup includes mutual funds, ETFs, buffer ETFs, strategist models, SMAs, closed-end funds, UCITS funds, and CITs. PGIM S&P 500 Buffer 20 ETF - October (PBOC) is an actively managed ETF designed to track 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% of losses over the one-year target outcome period; the fund is listed on Cboe BZX, has a fiscal year end of October 31, and was launched on May 16, 2024. The fund is managed by John Hall, CFA, Devang Gambhirwala, and Marco Aiolfi, PhD, who are members of PGIM Quantitative Solutions. PBOC remains part of PGIM’s expanding buffer ETF lineup, and PGIM Investments notes that PGIM has launched 45 ETFs since 2018 and, as of December 31, 2024, had $12.1 billion in ETF AUM; recent product materials show the fund continuing to operate with current net assets and ongoing outcome-period reporting.