- What are the top holdings of PQJL?
- PGIM Nasdaq-100 Buffer 12 ETF - July holds 0 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
- How many holdings does PQJL have?
- PQJL holds 0 positions as reported by the fund's most recent disclosure.
- What sectors does PQJL invest in?
- PGIM Nasdaq-100 Buffer 12 ETF - July (PQJL) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is PQJL most exposed to?
- PQJL's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is PQJL a US-only fund?
- The country allocation card on this page shows PQJL's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
- What does PQJL invest in?
- The PGIM Nasdaq-100 Buffer 12 ETF - July (PQJL) is designed to mitigate potential declines in the Invesco QQQ Trust (QQQ). It employs an options-based strategy, which resets each July, to achieve this. Over a one-year period, it aims to shield investors from the first 12% of QQQ's price depreciation. In exchange for this downside protection, the fund forgoes any gains from QQQ exceeding a predetermined, annually reset upside cap. Crucially, this buffer pertains only to QQQ's share price movements and does not incorporate its dividend component, as the underlying options are based on price performance, not total return. Should QQQ's value fall beyond the initial 12% buffer, the fund will experience subsequent losses on a one-to-one basis. To fully benefit from the intended buffer and cap, shareholders must retain their investment until the conclusion of the one-year outcome period. Investors acquiring shares on a date other than the annual reset may encounter different protection levels and cap thresholds. The issuer provides current cap levels on its website for transparency. It's imperative to recognize that the advertised cap and buffer targets do not account for the fund's expense ratio. This actively managed fund exclusively utilizes FLEX options within its investment strategy.
