PMMY
PGIM S&P 500 Max Buffer ETF - May
📎 Investment Objective
The PGIM S&P 500 Max Buffer ETF - May (PMMY) seeks to provide investors with exposure to the S&P 500 Index while aiming to limit downside risk during market downturns.
Overview
ETF tracking PGIM S&P 500 Max Buffer ETF - May
Performance
Price Chart
Investment Summary
📎 Investment Objective
The PGIM S&P 500 Max Buffer ETF - May (PMMY) seeks to provide investors with exposure to the S&P 500 Index while aiming to limit downside risk during market downturns.
🎯 Investment Strategy
The ETF uses a buffered outcome strategy, which attempts to provide a maximum level of downside protection while participating in a portion of the upside of the S&P 500 Index. The fund resets its buffer and cap levels on an annual basis in May.
✨ Key Features
- Seeks to limit downside risk to a maximum of 10% per year
- Participates in a portion of the upside of the S&P 500 Index
- Resets buffer and cap levels annually in May
- Expense ratio of 0.00%
⚠️ Primary Risks
- Market risk: The ETF's value may decrease due to general market conditions or factors affecting the S&P 500 Index
- Buffered risk: The ETF's downside protection is limited to a maximum of 10% per year, and investors may lose more than 10% if the market declines more than that
- Liquidity risk: The ETF may have limited trading volume, which could impact an investor's ability to buy or sell shares
- Regulatory risk: Changes in government policies or regulations may affect the value of the underlying investments
👤 Best For
This ETF may be suitable for investors seeking exposure to the S&P 500 Index with a level of downside protection, and who have a medium to long-term investment horizon. Investors should be comfortable with the risks associated with the buffered outcome strategy and the potential for limited upside participation.