PGIM S&P 500 Max Buffer ETF - February (PMFB) Stock Price, Quote, News & History | Benzinga

Under normal market conditions, the Fund will invest at least 80 percent of its net assets (plus any borrowings for investment purposes) in investments that provide exposure to securities included in the S&P 500 Index. The Fund is an actively managed exchange-traded fund (ETF). The Fund pursues its investment objective primarily by investing in customized equity or index option contracts known as FLexible EXchange Options (FLEX Options) on the SPDR S&P 500 ETF Trust (the Underlying ETF). FLEX Options trade on an exchange but provide investors with the ability to customize key contract terms like expiration date, option type (put or call), exercise style, strike price, premium, trading hours and exercise settlement, among others.