PGIM ETF Trust - PGIM Total Return Bond ETF is an exchange traded fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income and PGIM Limited. It invests in fixed income markets across global region. The fund primarily invests in fixed income securities issued by government and corporations including U.S. Government securities, mortgage-related and asset-backed securities (including collateralized debt obligations and collateralized loan obligations), corporate debt securities and foreign debt securities with a maturity greater than one year. It employs combination of fundamental and quantitative analysis with bottom-up and top-down securities picking approach to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the Bloomberg US Aggregate Bond Index. The fund employs proprietary research to create its portfolio. PGIM ETF Trust - PGIM Total Return Bond ETF was formed on December 8, 2021 and is domiciled in the United States.