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Beacon

PMOCPGIM S&P 500 Max Buffer ETF - October

Stay safeGrow my moneyNewRanked #292 of 340 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%

#2,576 of 5,562 · average

Fund Size

$4M

#5,179 of 5,562 · small

Dividend YieldGoal

—

Track Record

9 months

#4,813 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,375+3.8%

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 = 104.6% of fundconcentrated

CBOE GLOBAL MARKETS, INC.SPY 9 C13.32
56.9%
CBOE GLOBAL MARKETS, INC.SPY 9 C13.32
20.8%
CBOE GLOBAL MARKETS, INC.SPY 9 C13.32
13.3%
CBOE GLOBAL MARKETS, INC.SPY 9 C13.32
7.6%
(PIPA070) PGIM Core Government Money Market Fund
2.6%
CBOE GLOBAL MARKETS, INC.SPY 9 P666.18
2.2%
CBOE GLOBAL MARKETS, INC.SPY 9 P666.18
0.8%
CBOE GLOBAL MARKETS, INC.SPY 9 P666.18
0.5%
CBOE GLOBAL MARKETS, INC.SPY 9 P666.18
0.3%
CBOE GLOBAL MARKETS, INC.SPY 9 C710.88
-0.4%

Asset allocation

Stocks
97.5%
Cash
2.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-1.5%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

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 6.71% for the Target Outcome Period. The Fund is actively managed and aims for outcomes based on the Underlying ETF's performance over a one-year period.
Inception date
September 30, 2025
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