The PGIM Portfolio Ballast ETF is an exchange-traded fund that seeks to provide investors with exposure to a diversified portfolio of fixed income and equity securities. The ETF is managed by PGIM Investments and seeks to invest in a combination of fixed income securities, equities, and alternative investments to help manage risk and provide potential returns.
As of February 2023, the PGIM Portfolio Ballast ETF has a net asset value (NAV) of approximately $150 million and is trading on the New York Stock Exchange (NYSE) under the ticker symbol "PBLE." The fund has an expense ratio of 0.35%, which is relatively low compared to other multi-asset ETFs.
Investors in the PGIM Portfolio Ballast ETF should be aware of the risks associated with investing in a diversified portfolio of fixed income and equity securities, including the potential for changes in interest rates, credit risk, and market volatility. Additionally, the ETF's focus on risk management and diversification could result in lower returns compared to other investment strategies. However, the ETF's exposure to a diversified portfolio of fixed income and equity securities could provide investors with a way to potentially reduce the impact of market volatility on their investment portfolio. Investors should conduct their own research and analysis before investing in any ETF.
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