PMAPPGIM S&P 500 Max Buffer ETF - April
Seeks to provide returns that match the price return of the SPDR S&P 500 ETF Trust up to a cap while providing downside protection against losses.
By PGIM · Launched 2025
Annual Cost
0.50%
#2,766 of 6,040 · average
Fund Size
$5M
#5,312 of 6,040 · small
Return (1Y)
+6.4%
Track Record
1 year
#4,218 of 6,040 · young
Performance
Total-return NAV · USDGrowth of $10,000
$10,640+6.4%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Structured outcome
Index tracked
S&P 500 Price Return Index
Holdings
By weightConcentration
Top 4 holdings = 100.0% of fundconcentrated
CBOE GLOBAL MARKETS, INC.SPY 3 C13.01
106.1%
CBOE GLOBAL MARKETS, INC.SPY 3 P650.34
3.6%
(PIPA070) PGIM Core Government Money Market Fund
1.7%
CBOE GLOBAL MARKETS, INC.SPY 3 C696.71
-11.4%
Asset allocation
Stocks
98.5%
Cash
1.5%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
1.3%Low
Year-on-year price swings
Max drawdown
-1.7%Mild
Worst peak-to-trough loss
Sharpe (3Y)
Unavailable
Needs 3+ years of history
Sortino (3Y)
Not yet
Needs 3+ years of history
Listing
- Exchange
- New York Stock Exchange, Cboe BZX
Full fund details
- Objective
- Seeks to provide returns that match the price return of the SPDR S&P 500 ETF Trust up to a cap while providing downside protection against losses.
- Strategy
- Actively managed ETF that invests at least 80% of net assets in FLEX Options on the SPDR S&P 500 ETF Trust, aiming for a 100% downside buffer and a cap of 7.13% over the Target Outcome Period. The Fund's performance is designed to reflect the price return of the Underlying ETF while providing downside protection.
- Inception date
- March 31, 2025
- Fund family
- PGIM
Similar funds
Same asset class, closest by strategy & exposureNext steps
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Data updated on 2026-09-18