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Beacon

PQJLPGIM Nasdaq-100 Buffer 12 ETF - July

Stay safeGrow my money1y track recordRanked #232 of 364 in this goal

Seeks to provide returns that match the price return of the Invesco QQQ Trust up to a 16.61% cap while providing a 12% downside buffer.

By PGIM · Launched 2024

Annual Cost

0.50%

#2,667 of 5,861 · average

Fund Size

$17M

#4,557 of 5,861 · small

Dividend YieldGoal

0.01%

Track Record

1 year

#3,961 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$11,045+10.5%

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

Nasdaq-100 Index

What it actually holds

By weight

Concentration

Top 5 holdings = 100.0% of fundconcentrated

CBOE GLOBAL MARKETS, INC.QQQ 6 C5.52
105.6%
(PIPA070) PGIM Core Government Money Market Fund
0.5%
CBOE GLOBAL MARKETS, INC.QQQ 6 P551.64
0.3%
CBOE GLOBAL MARKETS, INC.QQQ 6 P485.44
-0.1%
CBOE GLOBAL MARKETS, INC.QQQ 6 C643.27
-6.3%

Asset allocation

Stocks
99.5%
Cash
0.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
9.1%Low

Year-on-year price swings

Max drawdown
-6.1%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
NASDAQ Global Select Market

Full fund details

Objective
Seeks to provide returns that match the price return of the Invesco QQQ Trust up to a 16.61% cap while providing a 12% downside buffer.
Strategy
Actively managed ETF that invests at least 80% of net assets in FLEX Options on the Invesco QQQ Trust to provide a limited buffer against the first 12% of losses and upside participation up to 16.61%. Targets returns based on the Nasdaq-100 Index.
Inception date
December 27, 2024
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 2026-08-04