PGIM Nasdaq-100 Buffer 12 ETF - October
$32.56−0.02 (−0.05%)
- 0.50%
- $28M
- +17.9%
- 0M sh
- $32.74
- low $27.16high $32.96
The ETF.net PQOC Grade
B
Score 60 out of 100
- 3 of 12
Score 60 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 100Rank 2 of 12Mission
Whether the fund did what it promised, tested against its stated mandate.A94 out of 100Rank 2 of 4Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C53 out of 100Rank 4 of 12Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 7 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 PQOC
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.
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 Holdings
- Other
- 4
- 106%
- 4QQQ Us 09/30/27 C7.4
PQOC 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.
PQOC$11,789
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 | PQOC |
|---|---|
| Year to date | +13.8% |
| 1 month | +1.5% |
| 3 months | +4.0% |
| 1 year | +17.9% |
| 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 | PQOC |
|---|---|---|
| 2026 YTD | +13.8% | |
| 2025 | +14.7% |
PQOC in the news
PQOC Dividends
- $0.0013 per share
- Irregular
Distribution data unavailable.
Distribution history
PQOC Risk
- 10.0%
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.
- 1.12
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.
- −13.7%
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.
- 0.73
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
0.50%
PQOC0.50%
- 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%
- APQAPPGIM Nasdaq-100 Buffer 12 ETF - AprilExpense ratio 0.50%1 year return +19.5%
- BQTRGlobal X - Nasdaq 100 Tail Risk ETFExpense ratio 0.25%1 year return +18.2%
- BPQJAPGIM Nasdaq-100 Buffer 12 ETF - JanuaryExpense ratio 0.50%1 year return +18.6%
- CPQJLPGIM Nasdaq-100 Buffer 12 ETF - JulyExpense ratio 0.50%1 year return +14.2%
- CQBUFInnovator Nasdaq-100 10 Buffer ETFExpense ratio 0.79%1 year return +8.9%