OCTPPGIM S&P 500 Buffer 12 ETF - Oct
Seeks to provide returns matching the price return of SPY up to a cap while offering a 12% downside buffer against SPY losses.
By PGIM · Launched 2024
0.50%
#2,579 of 5,573 · average
$29M
#4,099 of 5,573 · small
0.00%
2 years
#3,579 of 5,573 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 102.6% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide returns matching the price return of SPY up to a cap while offering a 12% downside buffer against SPY losses.
- Strategy
- Invests primarily in FLEX Options on the SPDR S&P 500 ETF Trust to achieve a capped upside of 13.41% and a downside buffer of 12% over a one-year period. The Fund is actively managed and targets specific outcomes based on the Underlying ETF's performance.
- Inception date
- May 16, 2024
- Fund family
- PGIM
Similar funds
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You can build this cheaper yourself
Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.
Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)
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 2026-06-20