PQJAPGIM Nasdaq-100 Buffer 12 ETF - January
Seeks to provide returns matching the Invesco QQQ Trust price return up to a 16.90% cap with a 12% downside buffer.
By PGIM · Launched 2024
0.50%
#2,576 of 5,562 · average
$24M
#4,225 of 5,562 · small
0.00%
1 year
#4,054 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 9 holdings = 100.0% 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
Where to buy
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks to provide returns matching the Invesco QQQ Trust price return up to a 16.90% cap with a 12% downside buffer.
- Strategy
- Invests primarily in FLEX Options on the Invesco QQQ Trust to achieve a target outcome over a one-year period. Provides a limited buffer against the first 12% of losses and caps upside participation at 16.90%. Designed for investors holding shares throughout the entire Target Outcome Period.
- Inception date
- December 27, 2024
- Fund family
- PGIM
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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 2026-06-20