AUGP ETF — PGIM US Large-Cap Buffer 12 ETF - August

PGIM US Large-Cap Buffer 12 ETF - August (AUGP)

Updated October 16, 2026.

AUGP is an ETF. its expense ratio is 0.50%. Total return is 35.8% over the past 2.4 years, 15.1 points behind SPY at 50.9%.

PGIM US Large-Cap Buffer 12 ETF - August is an ETF that seeks to provide exposure to the S&P 500 Index by investing substantially all of its assets in customized equity option contracts on the SPDR S&P 500 ETF Trust, offering a buffered structure designed to limit downside risk within a defined range. The fund does not currently distribute income to shareholders and carries an expense ratio of 0.50%. This ETF is designed for investors seeking equity market participation with downside protection characteristics, rather than those focused on generating current income.

AUGP performance versus SPY

Price and return data through 2026-10-16.

Total return is 35.8% over the past 2.4 years, 15.1 points behind SPY at 50.9%. Over the past year its total return — price change plus distributions reinvested — is 12.5%. Its deepest 1-year drawdown was 4.9%.

AUGP key facts

Issuer

PGIM Investments

Asset type

ETF

Asset class

Equity

Inception date

05/09/2024

Expense ratio

0.50%

Distribution frequency

None

Last close

$34.02 (as of 2026-10-16)

AUM

$32,323,514

Average volume

6150.0

Beta

0.5278

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: PGIM Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

AUGP risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 4.9%.

Who may consider AUGP — and who may not

It is a weaker fit for investors who need monthly cash flow (AUGP does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on AUGP

• All tickers starting with A

Tagged: Downside Protection, Options, Target, Large Cap.

Frequently asked questions

More securities from PGIM Investments.