JANP
PGIM S&P 500 Buffer 12 ETF - January
📎 Investment Objective
The PGIM S&P 500 Buffer 12 ETF - January (JANP) seeks to provide investors with exposure to the S&P 500 Index while aiming to limit downside risk to 12% over a one-year period.
Overview
ETF tracking PGIM S&P 500 Buffer 12 ETF - January
Performance
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Investment Summary
📎 Investment Objective
The PGIM S&P 500 Buffer 12 ETF - January (JANP) seeks to provide investors with exposure to the S&P 500 Index while aiming to limit downside risk to 12% over a one-year period.
🎯 Investment Strategy
The ETF uses a buffer protection strategy, where it purchases S&P 500 Index options to provide a 12% buffer against losses over a one-year period. This aims to limit downside risk while still providing upside participation in the S&P 500 Index.
✨ Key Features
- Seeks to limit downside risk to 12% over a one-year period
- Provides exposure to the S&P 500 Index
- Utilizes a buffer protection strategy using S&P 500 Index options
- Resets the buffer protection annually in January
⚠️ Primary Risks
- Market risk: The ETF's performance is tied to the S&P 500 Index, and it is subject to the same market fluctuations
- Option risk: The use of options to implement the buffer protection strategy carries inherent risks
- Liquidity risk: The ETF may have lower trading volume and liquidity compared to the broader market
- Concentration risk: The ETF is focused on the S&P 500 Index and may be less diversified than a broader market fund
👤 Best For
This ETF may be suitable for investors seeking exposure to the S&P 500 Index with a level of downside protection, particularly those with a moderate risk tolerance and a one-year investment horizon.