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Beacon

JULPPGIM S&P 500 Buffer 12 ETF - Jul

Grow my money2y track recordRanked #2,160 of 2,960 in this goal

By PGIM · Launched 2024

Annual Cost

0.50%

#2,576 of 5,562 · average

Fund Size

$24M

#4,219 of 5,562 · small

Return (1Y)Goal

+17.2%

Track Record

2 years

#3,556 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,723+17.2%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Structured outcome

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 104.2% of fundconcentrated

CBOE GLOBAL MARKETS, INC.SPY 6 C6.18
80.2%
CBOE GLOBAL MARKETS, INC.SPY 6 C6.18
16.2%
CBOE GLOBAL MARKETS, INC.SPY 6 C6.18
5.8%
CBOE GLOBAL MARKETS, INC.SPY 6 P617.85
1.3%
(PIPA070) PGIM Core Government Money Market Fund
0.8%
CBOE GLOBAL MARKETS, INC.SPY 6 P617.85
0.2%
CBOE GLOBAL MARKETS, INC.SPY 6 P617.85
0.1%
CBOE GLOBAL MARKETS, INC.SPY 6 P543.71
-0.0%
CBOE GLOBAL MARKETS, INC.SPY 6 P543.71
-0.1%
CBOE GLOBAL MARKETS, INC.SPY 6 C703.79
-0.1%

Asset allocation

Stocks
99.3%
Cash
0.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
6.3%Low

Year-on-year price swings

Max drawdown
-12.2%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Strategy
Invests at least 80% of net assets in investments providing exposure to the S&P 500 Index. The Fund is actively managed and invests substantially all assets in FLEX Options on the SPDR S&P 500 ETF Trust. The Fund seeks to provide a limited buffer against the first 12% of losses and an upside cap of 13.91% over the Target Outcome Period. Investors must hold shares for the entire period to achieve the target outcomes, which include downside protection and upside participation matching the Underlying ETF up to the cap.
Inception date
May 7, 2024
Fund family
PGIM

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

Buffer ETF — downside protection at a cost

Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.

Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)

Why we flagged this: strategy=structured_outcome + structured_outcome_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19