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JULP ETF — PGIM US Large-Cap Buffer 12 ETF - July
PGIM US Large-Cap Buffer 12 ETF - July (JULP)
Updated October 16, 2026.
JULP is an ETF. its expense ratio is 0.50%. Total return is 33.4% over the past 2.4 years, 18.5 points behind SPY at 51.9%.
This ETF provides exposure to large-cap U.S. equities through customized equity option contracts on the S&P 500, with at least 80% of assets allocated to options-based strategies that track the index. The fund does not currently distribute income, and has an expense ratio of 0.50%. It is designed for investors seeking downside protection strategies in large-cap equity exposure, rather than traditional dividend or growth-oriented equity investing.
JULP holdings and sector exposure
Holdings are not available for this snapshot.
JULP performance versus SPY
Price and return data through 2026-10-16.
Total return is 33.4% over the past 2.4 years, 18.5 points behind SPY at 51.9%. Over the past year its total return — price change plus distributions reinvested — is 11.3%. Its deepest 1-year drawdown was 4.5%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 1.2% | — |
| 3M | 1.9% | — |
| 6M | 5.4% | — |
| YTD | 8.3% | — |
| 1Y | 11.3% | — |
| 2Y CAGR | — | 11.60% |
| Since inception (2.4 years) | 33.4% | 12.50% |
JULP key facts
- Issuer
- PGIM Investments
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 05/07/2024
- Expense ratio
- 0.50%
- Distribution frequency
- None
- Last close
- $33.37 (as of 2026-10-16)
- AUM
- $38,481,856
- Average volume
- 6105.0
- Beta
- 0.4646
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.
JULP risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 4.5%.
Who may consider JULP — and who may not
It is a weaker fit for investors who need monthly cash flow (JULP 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 JULP
Frequently asked questions
Does JULP pay monthly?
No. JULP does not currently distribute.
What is JULP's expense ratio?
JULP's expense ratio is 0.50%.
When does JULP pay a dividend?
JULP does not currently distribute.
How has JULP performed?
Total return is 33.4% over the past 2.4 years, 18.5 points behind SPY at 51.9%. Over the past year its total return — price change plus distributions reinvested — is 11.3%. Its deepest 1-year drawdown was 4.5%.
More securities from PGIM Investments.
Tickers
Holdings as-of date unavailable.
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