PGIM S&P 500 Max Buffer ETF - November
$26.56+0.01 (+0.04%)
- 0.50%
- $5M
- 0M sh
- $26.54
- low $24.83high $26.54
The ETF.net PMNV Grade
C
Score 51 out of 100
- 9 of 20
Score 51 of 100 falls in the C 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.C40 out of 100Rank 15 of 20Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F19 out of 100Rank 18 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.D28 out of 100Rank 13 of 20
Our read on PMNV
CMost buffer funds shield a slice of the downside. PMNV goes for the whole slice: a 100-point buffer on its S&P 500 reference ETF over each November-to-November year, paid for with a hard cap on the upside.
The Fund seeks to match SPY’s price return up to a predetermined upside cap while maximizing protection against SPY losses over the one-year Target Outcome Period.
Why people hold it
- The buffer is the full 100 percentage points, so the fund is built to absorb the reference ETF's price decline over its one-year period, before fees. Dividends sit outside the outcome.
- 0.50% a year, well under the 0.79% median for its buffer peer group and cheaper than Innovator's PMAY and PDEC at 0.79%.
- Terms run on a calendar, not a manager's hunch: the outcome period starts November 1, ends the following October 31, and resets.
- Sits in the upper half of a two-dozen-fund buffer cohort, with price doing much of the work.
Worth knowing
- The cap is what pays for full protection. Upside above it doesn't come through, and a fresh cap is set each November when the period resets.
- Buffer and cap are measured from the November 1 start, so buying mid-period leaves you with different terms than the headline ones.
- Launched in 2025, small and thinly traded, so spreads can be wider than at the largest buffer franchises.
PMNV Holdings
- Other
- 4
- 107%
- 4SPY Us 10/30/26 C13.64
PMNV 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.
PMNV$10,552
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 | PMNV |
|---|---|
| Year to date | +5.5% |
| 1 month | +0.8% |
| 3 months | +2.0% |
| 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 | PMNV |
|---|---|---|
| 2026 YTD | +5.5% | |
| 2025 | +0.6% |
PMNV in the news
PMNV Dividends
- $0.00087 per share
- Irregular
Distribution data unavailable.
Distribution history
PMNV 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.
- 0.18
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PMNV Cost
0.50%
PMNV0.50%
- 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
- CPMSEPGIM Rock ETF Trust - PGIM S&P 500 Max Buffer ETF - SeptemberExpense ratio 0.50%1 year return +6.3%
- CMARMFT Vest U.S. Equity Max Buffer ETF - MarchExpense ratio 0.85%1 year return +6.4%
- CSQMXFT Vest U.S. Equity Quarterly Max Buffer ETFExpense ratio 0.85%1 year return +8.2%
- CDECMFirst Trust Exchange-Traded Fund VIII - FT Vest U.S. Equity Max Buffer ETF - DecemberExpense ratio 0.85%1 year return +7.0%
- CJUNMFT Vest U.S. Equity Max Buffer ETF - JuneExpense ratio 0.85%1 year return +5.2%