PMJL
PGIM S&P 500 Max Buffer ETF - July
📎 Investment Objective
The PGIM S&P 500 Max Buffer ETF - July seeks to provide investors with exposure to the S&P 500 Index while aiming to limit downside risk during market declines.
Overview
ETF tracking PGIM S&P 500 Max Buffer ETF - July
Performance
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Investment Summary
📎 Investment Objective
The PGIM S&P 500 Max Buffer ETF - July seeks to provide investors with exposure to the S&P 500 Index while aiming to limit downside risk during market declines.
🎯 Investment Strategy
The ETF uses a buffered outcome strategy, which attempts to provide downside protection by limiting losses to a maximum level (the buffer) while also providing upside participation up to a cap. The fund resets its buffer and cap annually in July.
✨ Key Features
- Seeks to limit downside risk to a maximum level (the buffer) while providing upside participation up to a cap
- Resets its buffer and cap annually in July
- Provides exposure to the S&P 500 Index
- Expense ratio of 0.00%
⚠️ Primary Risks
- Market risk: The value of the ETF's shares will fluctuate with changes in the value of the underlying S&P 500 Index
- Buffered risk: The ETF's downside protection is limited to the buffer level, and losses beyond that level are not protected
- Cap risk: The ETF's upside participation is capped, limiting potential gains
- Liquidity risk: The ETF may trade at a premium or discount to its net asset value
👤 Best For
The PGIM S&P 500 Max Buffer ETF - July may be suitable for investors seeking exposure to the S&P 500 Index with some downside protection, particularly those with a moderate risk tolerance and a medium-term investment horizon.