- What does PQV invest in?
- PQV uses FLEX options in an effort to moderate losses on shares of SPDR S&P 500 ETF Trust (SPY) over a three-month period that resets quarterly. The fund foregoes upside participation above a certain threshold, which resets annually in exchange for preventing the realization of the first 5% of SPY's losses, as well as the dividend component of SPY because the options are written on the price and not on the total return version of the shares. Should the value of SPY decline by more than 5%, the fund will experience subsequent losses on a one-to-one basis. The fund must be held to the end of the outcome period to achieve the intended results. Investors who buy at any time other than the annual reset day may have a different protection and buffer zone. Once established, the issuer publishes the interim levels for the cap on its website. Investors should note that the targeted cap and buffer do not include the fund's expense ratio.
- What is the expense ratio of PQV?
- PGIM Rock ETF Trust - PGIM S&P 500 Quarterly Buffer 5 ETF (PQV) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is PQV?
- PGIM Rock ETF Trust - PGIM S&P 500 Quarterly Buffer 5 ETF (PQV) manages $2.3M 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 PQV actively managed or an index fund?
- PQV's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was PQV launched?
- PGIM Rock ETF Trust - PGIM S&P 500 Quarterly Buffer 5 ETF (PQV) launched in June 2026 and is managed by PGIM.
- How has PQV performed?
- PQV'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.
