PGIM ETF Trust (the Trust) is a diversified, open-end management investment company that offers exchange-traded funds focusing on actively managed equity and fixed income strategies. The Trust provides products including the PGIM QMA Strategic Alpha Small-Cap Value ETF (ticker: PQSV), which employs a proprietary quantitative strategy to invest primarily in small-cap value equities in the U.S., targeting companies with market capitalizations typically under $2.7 billion; PGIM Active Aggregate Bond ETF (PAB), PGIM Active High Yield Bond ETF, and other recent launches such as actively managed fixed income ETFs for short-, intermediate-, and long-term investment-grade corporate bonds; as well as buffer ETF series and CLO ETFs like PAAA. PQSV holds approximately 715 securities with heavy weighting in finance (35.68%), health technology (8.86%), and producer manufacturing (6.64%), with 55% in small-cap and 26% in micro-cap stocks, an expense ratio of 0.29%, and assets under management around $13 million. The Trust operates principally in the U.S. market, serving institutional and retail investors seeking alpha-generating exposure across equity styles, quantitative solutions, and fixed income segments.
Headquartered at 655 Broad Street, 6th Floor, Newark, New Jersey 07102, the Trust was established under Investment Company Act file number 811-23324, with PGIM Investments LLC as investment adviser and PGIM Quantitative Solutions (QMA) managing quantitative strategies like PQSV. PGIM, the global investment management arm of Prudential Financial tracing roots to 1875, oversees the Trust's operations through its ETF platform launched in 2018.
Recent developments include the expansion of PGIM's fixed income ETF suite in 2025 with three new actively managed corporate bond ETFs targeting specific durations; a strategic partnership announced in September 2025 with Partners Group to deliver multi-asset solutions combining public and private markets expertise; and launches of AAA CLO ETF (PAAA), short duration multi-sector ETF (PSDM), and two buffer ETF series, alongside PGIM Real Estate's $346.9 million in acquisitions and joint ventures. These initiatives reflect PGIM's ongoing diversification into active ETFs and private markets alliances, enhancing the Trust's offerings for sophisticated portfolio construction.