PGIM Nasdaq-100 Buffer 12 ETF - July (PQJL) ETF Holdings & Analysis

What PQJL does

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.

Fund profile

Top holdings

Geographic allocation

PortView Portfolio Insights

PortView analyzes how PQJL 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

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Frequently asked questions

What does PQJL track?

PQJL is the PGIM Nasdaq-100 Buffer 12 ETF - July, a Other ETF.

What is the expense ratio of PQJL?

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

What are the largest holdings in PQJL?

Top holdings include 4QQQ US 06/30/27 C7.36, 4QQQ US 06/30/27 P736.4, 4QQQ US 06/30/27 P648.03, 4QQQ US 06/30/27 C905.92, (PIPA070) PGIM Core Government Money Market Fund.

How can PortView analyze PQJL overlap with other ETFs?

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