PMJA
PGIM S&P 500 Max Buffer ETF - January
📎 Investment Objective
The PGIM S&P 500 Max Buffer ETF - January seeks to provide investors with exposure to the S&P 500 Index while providing a maximum upside return cap and a buffer against the first 10% of losses.
Overview
ETF tracking PGIM S&P 500 Max Buffer ETF - January
Performance
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Investment Summary
📎 Investment Objective
The PGIM S&P 500 Max Buffer ETF - January seeks to provide investors with exposure to the S&P 500 Index while providing a maximum upside return cap and a buffer against the first 10% of losses.
🎯 Investment Strategy
The ETF achieves its objective by investing in a portfolio of options contracts on the S&P 500 Index. The fund aims to provide investors with participation in the upside of the S&P 500, up to a predetermined cap, while also providing a buffer against the first 10% of losses.
✨ Key Features
- Seeks to provide exposure to the S&P 500 Index with a maximum upside return cap
- Offers a buffer against the first 10% of losses in the S&P 500
- Resets the buffer and cap annually in January
- Designed to provide a level of downside protection for investors
⚠️ Primary Risks
- Market risk: The ETF's performance is tied to the performance of the S&P 500 Index and is subject to market fluctuations
- Capped upside potential: The maximum upside return cap may limit the fund's ability to participate fully in a rising market
- Buffer risk: The 10% buffer against losses may not be sufficient to protect investors in a severe market downturn
- Liquidity risk: The ETF may have limited trading volume, which could impact an investor's ability to buy or sell shares
👤 Best For
The PGIM S&P 500 Max Buffer ETF - January 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 medium-term investment horizon.