PQXPGIM S&P 500 Quarterly Buffer 10 ETF
Seeks to provide returns that match the price return of the SPDR S&P 500 ETF Trust with a 10% downside buffer over a three-month Target Outcome Period.
By PGIM · Launched 2026
0.50%
#2,708 of 5,920 · average
$4M
#5,298 of 5,920 · small
N/A
2 months
#5,790 of 5,920 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundRisk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide returns that match the price return of the SPDR S&P 500 ETF Trust with a 10% downside buffer over a three-month Target Outcome Period.
- Strategy
- Invests at least 80% of net assets in derivatives and other investments providing exposure to the S&P 500 Index, aiming for returns that match the price return while offering a downside buffer against the first 10% of losses. The Fund has a predetermined upside cap established at the beginning of each Target Outcome Period.
- Inception date
- June 30, 2026
- Fund family
- PGIM
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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 2026-08-16