PGIM S&P 500 Max Buffer ETF - December
$26.370.00 (0.00%)
- 0.50%
- $9M
- 0M sh
- $26.36
- low $24.89high $26.37
The ETF.net PMDE Grade
B
Score 61 out of 100
- 1 of 20
Score 61 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A76 out of 100Rank 1 of 20Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D39 out of 100Rank 17 of 20Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B63 out of 100Rank 8 of 20Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C40 out of 100Rank 11 of 20
Our read on PMDE
BPGIM's December-dated buffer fund aims to offset the entire one-year drop in SPY's price, not just the first slice, and gives up the upside above a cap reset each period. Heavy armor, low ceiling, 0.50% a year.
The Fund seeks to track SPY’s price return up to a predetermined cap while seeking to maximize protection from SPY losses over a one-year Target Outcome Period.
Why people hold it
- Full-armor design: it seeks to offset SPY's whole price decline across a one-year outcome period, where most buffer funds absorb only an initial slice of the fall.pgim.com
- Costs 0.50% a year against a 0.79% median for S&P 500 buffer funds, undercutting December-dated rivals like PDEC (0.79%).
- The reference is SPY itself, so the payoff keys off a price you can watch all day, and the outcome period resets on a set annual schedule with nothing for you to roll.pgim.com
Worth knowing
- Maximum protection is paid for with a low ceiling: gains stop at a cap set when each period starts, and buying mid-period leaves you with a different cap and buffer than the headline terms.
- It tracks SPY's price return, so S&P 500 dividends don't flow through and the fund isn't built as an income payer.
- Launched in late 2025 and still a small, lightly traded fund, which can mean wider bid-ask spreads than the veterans of the buffer aisle.
PMDE Holdings
- Other
- 4
- 108%
- 4SPY Us 11/30/26 C13.67
PMDE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
PMDE$10,502
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PMDE |
|---|---|
| Year to date | +5.0% |
| 1 month | +0.7% |
| 3 months | +1.8% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PMDE |
|---|---|---|
| 2026 YTD | +5.0% | |
| 2025 | +0.3% |
PMDE in the news
PMDE Dividends
Listed Nov 2025. No distributions yet.
PMDE Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.17
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PMDE Cost
0.50%
PMDE0.50%
- The middle half of S&P 500 Max Buffer funds
- Median 0.52%
No S&P 500 Max Buffer fund charges less.
Other funds in S&P 500 Max Buffer
- BPMAUPGIM Rock ETF Trust - PGIM S&P 500 Max Buffer ETF - AugustExpense ratio 0.50%1 year return +6.8%
- BDMAXiShares Large Cap Max Buffer Dec ETFExpense ratio 0.53%1 year return +7.1%
- BPMJNPGIM Rock ETF Trust - PGIM S&P 500 Max Buffer ETF - JuneExpense ratio 0.50%1 year return +5.3%
- BPMMRPGIM Rock ETF Trust - PGIM S&P 500 Max Buffer ETF - MarchExpense ratio 0.50%1 year return +6.2%
- BPMMYPGIM Rock ETF Trust - PGIM S&P 500 Max Buffer ETF - MayExpense ratio 0.50%1 year return +5.4%