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PQOC

GradeBNASDAQ Global Select

PGIM Nasdaq-100 Buffer 12 ETF - October

Buffered · PGIM · Inception 2024-12-27

$32.34+0.04 (+0.12%)

As of Sep 23, 2026, 11:27 AM EDT

History starts Jan 2, 2025.
Intraday session: up, 6 prints from 32.30 to 32.34. Range 32.31 to 32.39. Use the arrow keys to read each point.$32.32$32.36$32.3810 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$26M
1Y return
+15.6%
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$32.32
52W range
low $27.16high $32.36

The ETF.net PQOC Grade

B

59/ 100

Rank 3 of 12 in Nasdaq-100 Buffer 9-12%⁠

Confidence Medium

Six-pillar profile for PQOC. Scores out of 100: Cost 76, Risk 53, Mission not scored, Tradability 38, Holdings not scored, Durability 43. Strongest: Cost (76). Weakest: Tradability (38). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 59 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 76
    Category rank5/12 · top 42%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 53
    Category rank5/12 · top 42%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 38
    Category rank8/12 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 43
    Category rank9/12 · bottom quartile

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on PQOC

ETF.net Research

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

  1. 01Twelve 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).
  2. 02The 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.
  3. 03One 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.
  4. 04Priced 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

  1. 01Upside 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.
  2. 02The 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.
  3. 03A small, thinly traded fund, so bid-ask spreads can run wider than on plain Nasdaq-100 funds.

PQOC Holdings

As of Sep 20, 2026, 6:49 AM
Asset class
Other
Holdings
—
Top-10 weight
103%
Largest holding
4QQQ US 09/30/26 C6102.9%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—4QQQ US 09/30/26 C6102.89%378$27M1
002—(PIPA070) PGIM Core Government Money Market Fund0.38%97,926$98K60
003—4QQQ US 09/30/26 P600.370.02%378$6K1
004—Net Current Assets<0.01%213$213132

Showing 1–4 of 4 holdings

PQOC Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PQOC$11,563
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. PQOC $11,563. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+13.0%
1 month+1.8%
3 months+3.7%
1 year+15.6%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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+13.0%
2025+14.7%

History from Jan 2, 2025

PQOC in the news

ETF.net Research hasn’t filed on PQOC yet — coverage lands here as it’s written.

PQOC Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
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

PQOC Risk

How much the fund’s monthly returns vary, scaled to a year.
10.3%
Annualised · 19 months to Aug 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.
1.08
vs 3-month T-bills · 19 months to Aug 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%
20 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.
0.74
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.

PQOC Cost

Expense ratio0.50%
  • 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.

PQOC costs $50.00 a year on $10,000. The median Nasdaq-100 Buffer 9-12% fund costs $79.00.