PGIM Nasdaq-100 Buffer 12 ETF - April (PQAP) ETF Holdings & Analysis

What PQAP does

PGIM Nasdaq-100 Buffer 12 ETF - April (PQAP) is an actively managed fund designed to reduce the impact of potential losses from the Invesco QQQ Trust (QQQ) over a distinct one-year period, beginning every April. This is achieved through a specialized options strategy. While the fund aims to shield investors from the first 12% of QQQ's price depreciation during this cycle, it requires a trade-off: investors forego any upside participation beyond a specific, annually reset cap. Additionally, because the underlying options are tied to QQQ's price rather than its total return, shareholders of PQAP will not benefit from QQQ's dividend payments. If QQQ's value declines by more than 12%, the fund will incur losses on a dollar-for-dollar basis beyond that initial buffer. It is critical for investors to hold their shares until the end of the outcome period to fully benefit from the intended buffer and cap structure; purchasing shares on any date other than the annual reset day will result in a modified protection and upside limit. The fund's issuer publishes the current interim cap levels on its website. Investors should also note that the specified cap and buffer figures do not factor in the fund's expense ratio. This strategy relies solely on the use of FLEX options.

Fund profile

Top holdings

Geographic allocation

PortView Portfolio Insights

PortView analyzes how PQAP fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

Related securities

Related stocks

Frequently asked questions

What does PQAP track?

PQAP is the PGIM Nasdaq-100 Buffer 12 ETF - April, a Other ETF.

What is the expense ratio of PQAP?

Expense ratio data for PQAP is shown on the page when available from our data provider.

What are the largest holdings in PQAP?

Top holdings include 4QQQ US 03/31/27 C5.77, 4QQQ US 03/31/27 C690.65, 4QQQ US 03/31/27 P577.18, 4QQQ US 03/31/27 P507.92, (PIPA070) PGIM Core Government Money Market Fund.

How can PortView analyze PQAP overlap with other ETFs?

PortView computes the holdings overlap between PQAP and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.