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Launched · SEC filings

PGIM S&P 500 Max Buffer ETF - November

PMNVCboePGIMC

$26.630.00 (0.00%)

As of Nov 2, 2026, 3:57 PM ET

C55/ 100

Rank 4 of 20 in S&P 500 Max Buffer

C55/100Rank 4 of 20inS&P 500 Max Buffer
Intraday session: flat, 78 prints from 26.63 to 26.63. Range 26.62 to 26.69. Use the arrow keys to read each point.26.6226.6626.6810 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$5M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
4
Avg volume · 30D
277 sh
52W range
low $24.83high $26.65
Launched
Filings
SEC EDGAR

The ETF.net PMNV Grade

Based on 4 of 6 pillars

C

Score 55 out of 100

Category
S&P 500 Max Buffer⁠
Rank
4 of 20
Six-pillar profile for PMNV. Scores out of 100: Cost 76, Risk 51, Mission not scored, Tradability 26, Holdings not scored, Durability 27. Strongest: Cost (76). Weakest: Tradability (26). Based on 4 of 6 pillars.

Score 55 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. The letter stays C for now. A new letter must hold for 3 published runs before it replaces it.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A76 out of 100
    Rank 1 of 20

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C51 out of 100
    Rank 7 of 20

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D26 out of 100
    Rank 15 of 20

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D27 out of 100
    Rank 13 of 20

Our read on PMNV

ETF.net Research

In short

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.

Stated mandate

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

Asset class
Other
Holdings
4
Top-10 weight
105%
Largest holding
4SPY Us 10/30/26 C13.64104.6%

Geography

  • United States99.53%
  • Switzerland0.26%
  • China0.10%
  • Mexico0.05%
  • Ireland0.03%
  • United Kingdom0.03%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No data4SPY Us 10/30/26 C13.64104.63%70$5.29M1
2No data(PIPA070) PGIM Core Government Money Market Fund0.80%40,664$40.7K70
3No data4SPY Us 10/30/26 P682.06<0.01%70$2803
4No dataNet Current Assets<0.01%4$4.42136

Showing 1–4 of 4 holdings

PMNV Performance

Launched Oct 31, 2025

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$10,584
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. PMNV $10,584. SPY $11,169. Use the arrow keys to read each point.$10,000$11,000Dec 2025Jun 2026Oct 2026

Dec 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for PMNV. Periods over one year show the average yearly return.
PeriodPMNV
Year to date+5.8%
1 month+0.7%
3 months+2.0%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PMNV
YearReturn barPMNV
2026 YTD+5.8%
2025+0.6%

History from Nov 3, 2025

PMNV in the news

PMNV Dividends

Last payment
$0.00087 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.00087. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Jan 2, 2026$0.00087

PMNV Risk

Risk pillarC51 out of 100Rank 7 of 20 in S&P 500 Max Buffer
How much the fund’s monthly returns vary, scaled to a year.
No data available
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.

Return above 3-month US Treasury bills per unit of volatility.
No data available
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.

The largest fall from a peak to the low that followed.
No data available
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.

How strongly the fund’s returns move with its asset-class index.
0.18
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

PMNV Cost

Tied cheapest in S&P 500 Max Buffer

$9,979

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PMNV 0.50%

    $9,979

$10,000
30 years

Cost over time

  • PMNV 0.50%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530PMNV $9,979

Year by year

YearPMNV
10$900
20$3,460
30$9,979

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