PGIM Corporate Bond 0-5 Year ETF (PCS) is an actively managed fixed income exchange-traded fund that seeks total return through current income and capital appreciation by investing primarily in investment-grade corporate bonds with maturities of less than five years; the fund is sponsored by PGIM, the asset management business of Prudential Financial, Inc., headquartered in Newark, New Jersey, and traces its broader corporate heritage to Prudential Financial’s founding in 1875. PCS is designed for investors seeking short-duration corporate credit exposure and income from corporate bond yields, and it is benchmarked to the Bloomberg US Corporate 0-5 Year Index. PGIM operates as a global investment manager across public and private markets, offering fixed income, equity, real estate, private credit, and multi-asset strategies to institutional and retail clients worldwide, with offices across major financial centers internationally. In August 2025, PGIM launched PCS alongside two related duration-specific corporate bond ETFs, expanding its active fixed income ETF suite into short-, intermediate-, and long-term investment-grade corporate bond exposures, with PCS carrying a 0.20% net expense ratio. As of early September 2026, PCS had approximately $638.1 million in net assets and continued to trade on the market as a growing component of PGIM’s ETF platform.