PGIM Adds Quarterly Buffer ETFs With Four Downside Protection Levels

PGIM has expanded its defined outcome lineup with four quarterly buffer ETFs: the PGIM S&P 500 Quarterly Buffer 5 ETF (PQV), PGIM S&P 500 Quarterly Buffer 10 ETF (PQX), PGIM S&P 500 Quarterly Buffer 15 ETF (PQXV), and PGIM S&P 500 Quarterly Buffer 20 ETF (PQXX). The ETFs seek to track the price return of the SPDR S&P 500 ETF Trust (SPY) up to a capped upside while buffering the first 5%, 10%, 15%, or 20% of losses, respectively, over an approximate three-month outcome period. Priced at a 0.50% expense ratio, the launches expand PGIM's buffer ETF lineup with shorter-duration defined outcome strategies.