PBOCPGIM S&P 500 Buffer 20 ETF - October
Seeks returns that match the price return of the SPDR S&P 500 ETF Trust with a 20% downside buffer over the one-year Target Outcome Period.
By PGIM · Launched 2024
0.50%
#2,660 of 5,854 · average
$44M
#3,768 of 5,854 · mid-size
0.00%
2 years
#3,483 of 5,854 · 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 = 104.1% 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 returns that match the price return of the SPDR S&P 500 ETF Trust with a 20% downside buffer over the one-year Target Outcome Period.
- Strategy
- Actively managed ETF that invests at least 80% of net assets in FLEX Options on the SPDR S&P 500 ETF Trust, providing a 20% downside buffer and upside cap of 10.32% for the Target Outcome Period. Aims to match the price return of the S&P 500 Index while mitigating losses.
- Inception date
- May 16, 2024
- Fund family
- PGIM
Similar funds
Same asset class, closest by strategy & exposureOur 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 2026-08-04