PGIM S&P 500 Buffer 12 ETF - Sep

Frequently Asked Questions About SEPP

What are the top holdings of SEPP?

PGIM S&P 500 Buffer 12 ETF - Sep holds 8 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.

How many holdings does SEPP have?

SEPP holds 8 positions as reported by the fund's most recent disclosure.

What sectors does SEPP invest in?

PGIM S&P 500 Buffer 12 ETF - Sep (SEPP) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.

What sector is SEPP most exposed to?

SEPP's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.

Is SEPP a US-only fund?

The country allocation card on this page shows SEPP'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 SEPP invest in?

SEPP uses FLEX options in an effort to moderate losses on shares of SPDR S&P 500 ETF Trust (SPY) over a one-year period that resets each September. The fund foregoes upside participation above a certain threshold, which resets annually in exchange for preventing the realization of the first 12% of SPYs 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 12%, 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 funds expense ratio. On February 21, 2025, the fund name changed to PGIM S&P 500 Buffer 12 ETF - September.