Assets Under Management AUM

PGIM Investments announces the closure of three AMQ Canadian equity ETFs


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NEWARK, NJ – (BUSINESS WIRE) – PGIM Investments, LLC today announced its intention to close and liquidate the following three ETFs: PGIM QMA Strategic Alpha Large-Cap Core ETF (PQLC), PGIM QMA Strategic Alpha Small-Cap Growth ETF (PQSG) and PGIM QMA Strategic Alpha Small-Cap Value (PQSV) ETF.

The last trading day for each fund will be October 4, 2021, which will also be the last day for creations or redemptions by authorized participants. Each fund will cease operations, withdraw its assets and distribute the remaining proceeds to shareholders on October 12, 2021.

ABOUT PGIM INVESTISSEMENTS

PGIM Investments, LLC and its affiliates offer more than 100 funds worldwide across a wide range of asset classes and investment styles. All products are backed by PGIM’s globally diverse investment platform which encompasses the expertise of managers in fixed income, equities, alternatives and real estate.

ABOUT THE QMA

As a specialist in quantitative equities and multi-asset solutions at PGIM, QMA seeks to help solve complex investment problems with personalized systematic solutions across the risk / reward spectrum. The modular construction of QMA’s portfolio simplifies our design of customer-specific solutions. We can customize down to the equity level for portfolio considerations, with product offerings that range from basic and systematic macro solutions to multi-asset portfolios and overlays. All of our options can be exploited to provide stable feedback flows uncorrelated with existing strategies.

The QMA manages portfolios for a global institutional clientele, including corporate and public pension plans, endowments and foundations, multi-employer pension plans and sub-advisor accounts for other companies financial services. As of June 30, 2021, QMA had approximately $ 120 billion in assets under management.

ABOUT PGIM

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), ranks among the world’s 10 largest asset managers * with approximately $ 1.5 trillion in assets under management in the world. June 30, 2021. With offices in 16 countries, PGIM’s business provides a range of investment solutions for retail and institutional investors around the world across a wide range of asset classes, including public fixed income securities , private fixed income, fundamental stocks, quantitative stocks, real estate and alternatives. For more information on PGIM, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any way with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information, please visit news.prudential.com.

* Prudential Financial, Inc. (PFI) is the 10th largest investment manager (out of 477) in terms of global assets under management based on the Pensions & Investments Top Money Managers list published on May 31, 2021. This ranking represents the assets managed by Prudential Financier as of December 31, 2020.

Carefully consider the investment objectives, risks, costs and expenses of a fund before investing. The prospectus and the simplified prospectus contain this information as well as other information about the fund. Contact your financial professional to obtain a prospectus and summary prospectus. Read them carefully before investing.

Investing in mutual funds involves risk. Some mutual funds carry more risk than others. Return on investment and capital value fluctuate and shares once sold may be worth more or less than the original cost and money may be lost. There is no guarantee that the objectives of a Fund will be achieved. The risks associated with each fund are explained in more detail in the respective prospectus of each fund.

The funds are distributed by Prudential Investment Management Services LLC, a Prudential Financial company. QMA is the primary business name of QMA LLC, a wholly owned subsidiary of PGIM. © 2021 Prudential Financial, Inc. and its related entities. PGIM and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions around the world.

Investment products are not insured by the FDIC or any federal government agency, may lose value, and are not on deposit nor guaranteed by any bank or subsidiary bank.

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CONTACT WITH THE MEDIA:

Kylie scott

+1 973 902 2503

[email protected]

Source: PGIM Investments, LLC

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