PMMR
PGIM S&P 500 Max Buffer ETF - March
📎 Investment Objective
The PGIM S&P 500 Max Buffer ETF - March seeks to provide investors with exposure to the S&P 500 Index while limiting downside risk through a buffer against the first 10% of losses.
Overview
ETF tracking PGIM S&P 500 Max Buffer ETF - March
Performance
Price Chart
Investment Summary
📎 Investment Objective
The PGIM S&P 500 Max Buffer ETF - March seeks to provide investors with exposure to the S&P 500 Index while limiting downside risk through a buffer against the first 10% of losses.
🎯 Investment Strategy
The ETF achieves its objective by investing in a portfolio of S&P 500 stocks and purchasing put options to provide a buffer against the first 10% of losses in the underlying index. The put options reset annually in March.
✨ Key Features
- Seeks to provide exposure to the S&P 500 Index with a 10% buffer against losses
- Resets the buffer annually in March
- Designed to limit downside risk while participating in equity market upside
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Market risk: The ETF's value will fluctuate with changes in the S&P 500 Index
- Option risk: The put options used for the buffer may not perform as expected
- Liquidity risk: The ETF may have limited trading volume compared to the underlying stocks
- Concentration risk: The ETF is focused on the large-cap U.S. equity market
👤 Best For
This ETF may be suitable for investors seeking S&P 500 exposure with some downside protection, who have a medium to long-term investment horizon and a moderate risk tolerance.