PGIM Nasdaq-100 Buffer 12 ETF - July
$31.85−0.07 (−0.22%)
- 0.50%
- $28M
- +14.2%
- 0M sh
- $32.05
- low $27.72high $32.25
The ETF.net PQJL Grade
C
Score 54 out of 100
- 5 of 12
Score 54 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 2 of 12Mission
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.C47 out of 100Rank 7 of 12Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F24 out of 100Rank 10 of 12Holdings
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.C46 out of 100Rank 6 of 12
Our read on PQJL
CThe July door into PGIM's Nasdaq-100 Buffer 12 series: QQQ's price return up to a cap, with the first 12% of QQQ's losses absorbed over a one-year outcome period, for 0.50% a year.
The fund is designed to track QQQ's price return up to an upside cap while absorbing the first 12% of QQQ losses, before fees and expenses, over a one-year target outcome period.
Why people hold it
- Costs 0.50% a year against a cohort median near 0.79% for Nasdaq-100 buffer funds. Innovator's QBUF charges 0.79% for a shallower cushion.pgim.com
- The 12% buffer (before fees) sits at the deep end of the shallow-buffer Nasdaq group. Innovator's QBUF buffers 10% of the same reference exposure.pgim.com
- One of four quarterly start dates in the same series (January, April, July, October), each with identical 12% terms and the same 0.50% fee.pgim.com
Worth knowing
- Cap and buffer are struck for a one-year period starting in July. Buying mid-period means whatever cushion and cap remain, not the headline terms.pgim.com
- Tracks QQQ's price return, so Nasdaq-100 dividends stay out, gains stop at the cap, and losses past the 12% cushion pass through.pgim.com
- Among the smaller, thinly traded names in the buffer space, which can mean wider bid-ask spreads than mainstream index funds.
PQJL Holdings
- Other
- 4
- 104%
- 4QQQ Us 06/30/27 C7.36
PQJL 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.
PQJL$11,421
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 | PQJL |
|---|---|
| Year to date | +10.1% |
| 1 month | +3.1% |
| 3 months | +3.0% |
| 1 year | +14.2% |
| 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 | PQJL |
|---|---|---|
| 2026 YTD | +10.1% | |
| 2025 | +16.1% |
PQJL in the news
PQJL Dividends
- $0.0017 per share
- Irregular
Distribution data unavailable.
Distribution history
PQJL Risk
- 9.2%
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.
- 1.08
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.
- −12.3%
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.
- 0.64
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PQJL Cost
0.50%
PQJL0.50%
- The middle half of Nasdaq-100 Buffer 9-12% funds
- Median 0.79%
1 of the 12 Nasdaq-100 Buffer 9-12% funds charge less.
Other funds in Nasdaq-100 Buffer 9-12%
- BPQOCPGIM Nasdaq-100 Buffer 12 ETF - OctoberExpense ratio 0.50%1 year return +17.9%
- BPQJAPGIM Nasdaq-100 Buffer 12 ETF - JanuaryExpense ratio 0.50%1 year return +18.6%
- CQBUFInnovator Nasdaq-100 10 Buffer ETFExpense ratio 0.79%1 year return +8.9%
- CQMARFT Vest Nasdaq-100 Buffer ETF - MarchExpense ratio 0.90%1 year return +20.9%
- CQDECFT Vest Nasdaq-100 Buffer ETF - DecemberExpense ratio 0.90%1 year return +20.6%