MAYP

📎 Investment Objective

The PGIM S&P 500 Buffer 12 ETF - May (MAYP) seeks to provide investors with a buffer against the first 12% of losses in the S&P 500 Index over a one-year period, while also providing upside exposure to the index's performance.

✨ Key Features

• Seeks to provide a 12% buffer against losses in the S&P 500 Index over a one-year period
• Offers upside exposure to the S&P 500 Index's performance, subject to a cap
• Resets the buffer and cap annually in May
• Expense ratio of 0.00%

⚠️ Primary Risks

• Market risk: The fund's performance is tied to the performance of the S&P 500 Index, and it is subject to the same market risks as the underlying index
• Derivative risk: The fund's use of options contracts exposes it to the risks associated with derivative instruments, such as counterparty risk and liquidity risk
• Cap risk: The fund's upside exposure is subject to a cap, which may limit the investor's potential gains
• Liquidity risk: The fund may experience reduced liquidity, which could make it difficult to sell its holdings

👤 Best For

The PGIM S&P 500 Buffer 12 ETF - May may be suitable for investors seeking to participate in the upside of the S&P 500 Index while limiting their downside risk. It may be particularly appealing to investors with a moderate risk tolerance who are looking for a buffer against market downturns.