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Launched

PGIM Nasdaq-100 Buffer 12 ETF - October

PQOCNasdaqPGIMB

$30.89−0.26 (−0.84%)

At close: Nov 2, 2026, 4:00 PM ET

B61/ 100

Rank 4 of 12 in Nasdaq-100 Buffer 9-12%

B61/100Rank 4 of 12inNasdaq-100 Buffer 9-12%
Intraday session: down, 79 prints from 31.15 to 30.89. Range 30.89 to 31.43. Use the arrow keys to read each point.31.0031.3031.4010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$29M
1Y total return
+9.2%
Yield · Last 12 months
No data
Holdings
4
Avg volume · 30D
6.77K sh
52W range
low $27.16high $32.96
Launched

The ETF.net PQOC Grade

Based on 5 of 6 pillars

B

Score 61 out of 100

Category
Nasdaq-100 Buffer 9-12%⁠
Rank
4 of 12
Six-pillar profile for PQOC. Scores out of 100: Cost 76, Risk 56, Mission 94, Tradability 42, Holdings not scored, Durability 49. Strongest: Mission (94). Weakest: Tradability (42). Based on 5 of 6 pillars.

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 100
    Rank 2 of 12

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A94 out of 100
    Rank 2 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B56 out of 100
    Rank 5 of 12

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C42 out of 100
    Rank 7 of 12

  • 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.
    C49 out of 100
    Rank 6 of 12

Our read on PQOC

ETF.net Research

In short

BTwelve points of downside cushion on the Nasdaq-100, reset every October. PGIM buffers the first 12% of a one-year loss on the big Nasdaq-100 ETF's own shares and caps the upside in exchange, for 0.50% a year.

Stated mandate

The Fund seeks to track the price return of the Invesco QQQ Trust, Series 1 up to a cap while buffering the first 12% of losses during the one-year Target Outcome Period.

Why people hold it

  • Twelve points of cushion, not ten, and the fee is 0.50% against the 0.79% Innovator charges on its 10-point Nasdaq-100 buffer fund (QBUF).
  • The reference is the shares of the Invesco QQQ Trust itself, not a custom index, so the thing being buffered is the Nasdaq-100 vehicle most investors already watch.
  • One of four PGIM siblings on a quarterly calendar (PQJA starts in January, PQAP in April), so the October reset window is a choice, not a leftover.
  • Priced below the typical shallow-buffer Nasdaq-100 fund, which matters in a structure where fees come straight out of a fixed pool of upside.

Worth knowing

  • Upside is capped. A new ceiling gets set at the start of each October outcome period, and any Nasdaq-100 rally past it does not come through.
  • The 12% buffer is designed for the full October-to-September period. Enter or exit mid-stream and you own the options at whatever they are worth that day.
  • A small, thinly traded fund, so bid-ask spreads can run wider than on plain Nasdaq-100 funds.

PQOC Performance

Launched Dec 27, 2024

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.
PQOC$10,919
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. PQOC $10,919. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 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 PQOC. Periods over one year show the average yearly return.
PeriodPQOC
Year to date+8.8%
1 month−3.8%
3 months+0.3%
1 year+9.2%
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 PQOC
YearReturn barPQOC
2026 YTD+8.8%
2025+14.7%

History from Jan 2, 2025

PQOC in the news

PQOC Dividends

Last payment
$0.0013 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 $0.0013. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Jan 2, 2026$0.0013

$10,000 in PQOC 1 year ago paid $0.45 in dividends.

PQOC Risk

Risk pillarB56 out of 100Rank 5 of 12 in Nasdaq-100 Buffer 9-12%
How much the fund’s monthly returns vary, scaled to a year.
10.5%
Annualised · 21 months to Oct 2026
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.
0.79
vs 3-month T-bills · 21 months to Oct 2026
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.
−13.7%
21 months · trough Apr 2025
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.
0.73
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.

PQOC Cost

Compare PQOC and QTR

Overpaying vs QTR, cheapest in Nasdaq-100 Buffer 9-12%

$4,820

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

  • PQOC 0.50%

    $9,979

  • QTR 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • PQOC 0.50%
  • QTR 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530PQOC $9,979QTR $5,159

Year by year

YearPQOCQTROverpaying
10$900$455$445
20$3,460$1,769$1,691
30$9,979$5,159$4,820

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