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Beacon

PMDEPGIM S&P 500 Max Buffer ETF - December

Stay safeGrow my moneyNewRanked #284 of 343 in this goal

Seeks to provide returns matching the SPDR S&P 500 ETF Trust price return up to a cap while maximizing downside protection.

By PGIM · Launched 2025

Annual Cost

0.50%

#2,579 of 5,573 · average

Fund Size

$4M

#5,154 of 5,573 · small

Dividend YieldGoal

—

Track Record

7 months

#5,033 of 5,573 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,288+2.9%

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

What's inside

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 4 holdings = 100.0% of fundconcentrated

CBOE GLOBAL MARKETS, INC.SPY 11 C13.67
97.4%
CBOE GLOBAL MARKETS, INC.SPY 11 P683.39
4.9%
(PIPA070) PGIM Core Government Money Market Fund
2.2%
CBOE GLOBAL MARKETS, INC.SPY 11 C731.09
-4.4%

Asset allocation

Stocks
97.5%
Cash
2.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-1.6%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
Cboe BZX

Full fund details

Objective
Seeks to provide returns matching the SPDR S&P 500 ETF Trust price return up to a cap while maximizing downside protection.
Strategy
Invests primarily in FLEX Options on the SPDR S&P 500 ETF Trust to achieve a 100% downside buffer and a cap of 6.98% for the Target Outcome Period. The Fund is actively managed and aims for outcomes based on the performance of the Underlying ETF.
Inception date
November 28, 2025
Fund family
PGIM

Our take

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

Buffer
Warning

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