# PGIM Nasdaq-100 Buffer 12 ETF - October (PQOC): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pqoc for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: PGIM · Asset class: Alternatives - Strategy: Buffered · Inception: 2024-12-27 The PGIM Nasdaq-100 Buffer 12 ETF (PQOC) is an actively managed fund that employs an options-based strategy to mitigate potential losses on holdings of the Invesco QQQ Trust (QQQ). This protective mechanism is set for a one-year duration, beginning anew each October. In exchange for cushioning against the initial 12% decline in QQQ's value, the fund limits its participation in any upside gains beyond a specified threshold, which is reset annually. It's also important to note that because the options are structured based on QQQ's price movement rather than its total return, investors will no... ## Key Facts | Metric | Value | |---|---| | Price | $32.01 | | Expense Ratio | 0.50% | | Assets Under Management | $28.9M | | NAV | $31.77 | | Holdings Count | 0 | | Distribution Yield (TTM) | 0.00% | | Annual Distribution (TTM) | $0.00 /share | | Distribution Frequency | Irregular | | 52-Week Range | $27.16 – $32.96 | | Beta | 0.73 | ## Latest Distribution - Amount: $0.0013 /share - Ex-date: 2025-12-30 - Pay date: 2026-01-02 ## Frequently Asked Questions ### What does PQOC invest in? The PGIM Nasdaq-100 Buffer 12 ETF (PQOC) is an actively managed fund that employs an options-based strategy to mitigate potential losses on holdings of the Invesco QQQ Trust (QQQ). This protective mechanism is set for a one-year duration, beginning anew each October. In exchange for cushioning against the initial 12% decline in QQQ's value, the fund limits its participation in any upside gains beyond a specified threshold, which is reset annually. It's also important to note that because the options are structured based on QQQ's price movement rather than its total return, investors will not receive any dividends distributed by QQQ. Should QQQ's value fall by more than 12%, the fund will then experience equivalent losses for any further depreciation. For investors to fully benefit from the intended protection and cap, the fund must be held for the entire one-year outcome period. Those who purchase shares on dates other than the annual reset day may find their specific protection and cap levels differ from the fund's stated targets. The fund's issuer makes current cap levels publicly available on its website. Investors should also be aware that the stated cap and buffer percentages do not account for the fund's ongoing expense ratio. PQOC exclusively uses Flexible Exchange® (FLEX) options to execute its strategy. ### What is the expense ratio of PQOC? PGIM Nasdaq-100 Buffer 12 ETF - October (PQOC) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PQOC? PGIM Nasdaq-100 Buffer 12 ETF - October (PQOC) manages $28.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is PQOC actively managed or an index fund? PQOC's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was PQOC launched? PGIM Nasdaq-100 Buffer 12 ETF - October (PQOC) launched in December 2024 and is managed by PGIM. ### How has PQOC performed? PQOC's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does PQOC pay a dividend? PGIM Nasdaq-100 Buffer 12 ETF - October (PQOC) currently distributes little or no income. Trailing-twelve-month yield is 0.00%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PQOC pay dividends? PGIM Nasdaq-100 Buffer 12 ETF - October pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PQOC's dividend yield? PQOC's trailing-twelve-month yield is 0.00%, calculated from the sum of dividends over the past year divided by the current price. ### When is PQOC's next ex-dividend date? The most recently announced ex-dividend date for PQOC was 2025-12-30. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will PQOC's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.50% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PQOC charge its expense ratio? The expense ratio is deducted in tiny daily slices from PQOC's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PQOC cost more than a fund like VOO? PQOC's strategy (current expense ratio 0.50%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where PQOC sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to PQOC? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PQOC (0.50%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pqoc - Distribution history: https://www.dividenddata.com/funds/pqoc/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pqoc/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pqoc/expenses - Peer comparison: https://www.dividenddata.com/funds/pqoc/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.