PGIM Portfolio Ballast ETF is an exchange traded fund launched and managed by PGIM Investments LLC. It is co-managed by PGIM Quantitative Solutions LLC. The fund invests in public equity and fixed income markets of the United States. For its equity portion, it invests through derivatives in stocks of companies operating across diversified sectors. The fund uses derivatives such as options, futures to create its portfolio. It invests in growth and value stocks of large-cap companies. For its fixed income portion, it invests through derivatives in U.S. treasuries. It employs internal research to create its portfolio. PGIM Portfolio Ballast ETF was formed on December 12, 2022 and is domiciled in the United States.