PGIM Expands ETF Lineup with New Buffer Series and Laddered ETF
PGIM, the $1.4 trillion global investment management division of Prudential Financial, Inc. (NYSE: PRU), has launched three new exchange-traded funds (ETFs): the PGIM S&P 500 Max Buffer ETF series, the PGIM Nasdaq-100 Buffer 12 ETF series, and the PGIM Laddered Nasdaq-100 Buffer 12 ETF.
Enhanced Solutions for Investors
“Investors are increasingly seeking defined outcome solutions that provide upside exposure and downside protection,” said Stuart Parker, president and CEO of PGIM Investments. “The expansion of our buffered ETF suite makes our offering one of the most comprehensive in the market, reinforcing our commitment to meeting investor needs.”
These ETFs come with a net expense ratio of 0.50%, placing them among the lowest-cost buffer ETFs available.
ETF Series Overview
- PGIM S&P 500 Max Buffer ETF Series:
This series aims to provide returns that track the SPDR® S&P 500® ETF Trust (SPY) up to a predefined upside cap (at least 3%), while offering 100% downside protection against losses in SPY over a one-year target outcome period. The series is designed to offer downside protection and a dynamic cap provision of 3%. It will consist of 12 ETFs, each listed monthly on the Cboe BZX. - PGIM Nasdaq-100 Buffer 12 ETF Series:
Designed to replicate the price returns of the Invesco QQQ Trust℠, Series 1 (QQQ), this series provides a predefined upside cap, along with a buffer against the first 12% of QQQ’s losses (before fees and expenses) during each ETF’s target outcome period. The series will include four ETFs, each listed on the Nasdaq. - PGIM Laddered Nasdaq-100 Buffer 12 ETF (PBQQ):
The PBQQ ETF aims for capital appreciation by investing equally in the quarterly PGIM Nasdaq-100 Buffer 12 ETFs. PBQQ is listed on the Nasdaq.
Subadvisory Role of PGIM Quantitative Solutions
The ETFs will be subadvised by PGIM Quantitative Solutions, the quantitative PGIM equity and multi-asset specialist of PGIM. “We’re thrilled to partner with PGIM Investments on these new buffered products,” said Linda Gibson, CEO of PGIM Quantitative Solutions. “These ETFs leverage our subadvisory capabilities and our extensive experience in options trading strategies and solutions-based investing.”
Expanding ETF Offerings
PGIM’s expanded lineup of buffer ETFs also includes the 12% and 20% U.S. Large Cap buffer ETF series, along with two laddered funds of buffer ETFs introduced last year. PGIM’s growing ETF suite spans fixed income, equity, and multi-asset class solutions.
About Investments
Investments LLC and its affiliates offer over 100 funds globally across a wide range of asset classes and investment styles. These products are backed by PGIM’s diversified investment platform, which includes expertise from managers in fixed income, equities, alternatives, and real estate.
About Quantitative Solutions
Quantitative Solutions is equity and multi-asset specialist, with a 50-year track record of providing technology-driven investment solutions. With $103 billion in client assets under management, Quant leverages advanced technology and data to meet investors’ needs.
PGIM
the asset management division of Prudential Financial, Inc. (NYSE: PRU), manages $1.4 trillion in assets globally. The company operates in 42 offices across 19 countries, offering specialized expertise in public and private asset classes, including fixed income, equities, real estate, private credit, and alternatives.
For more information, visit pgim.com.
Risks and Considerations
Before investing, consider a fund’s investment objectives, risks, charges, and expenses carefully. The prospectus and summary prospectus provide detailed information about the fund. Please read them thoroughly before investing.
Risk Factors:
- S&P 500 Max Buffer ETF:
This fund invests in FLEX Options, subjecting it to risks such as loss of premium, liquidity, and trading risks. The fund is designed to deliver returns based on the performance of the underlying ETF, but returns may not align with the fund’s goal if shares are bought after the target outcome period begins or sold before it ends. Other risks include buffered loss risk, cap change risk, and capped upside risk. - Nasdaq-100 Buffer 12 ETF:
Similar risks apply as the fund also invests in FLEX Options and is subject to similar risks, including buffered loss risk and cap change risk. The value of the fund will be closely tied to the performance of the Invesco QQQ Trust (QQQ) and may be impacted by the volatility of technology stocks, as QQQ’s assets are concentrated in this sector. - Laddered Fund Risks:
As a “fund of funds,” the Laddered Fund is subject to risks associated with the underlying ETFs, including FLEX Options risks. The fund will rebalance quarterly, but interim market movements may lead to temporary exposure imbalances. Additionally, the fund is exposed to the performance risks of QQQ, the underlying ETFs, and technology sector risks.
Investment products are distributed by Prudential Investment Management Services LLC, member FINRA and SIPC. Quantitative Solutions is a wholly owned subsidiary of . © 2025 Prudential Financial, Inc. and its related entities. Quantitative Solutions, and the logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
Investment products are not insured by the FDIC or any federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate.
