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NOVP — PGIM US Large-Cap Buffer 12 ETF - November

PGIM US Large-Cap Buffer 12 ETF - November (NOVP)

NOVP pays a 0.00% distribution rate, annual, on a 0.50% expense ratio. Total return is 33.9% over the past 2.2 years, 16.6 points behind SPY at 50.5%. Its deepest 1-year drawdown was 5.7%.

PGIM US Large-Cap Buffer 12 ETF - November is an equity ETF that tracks U.S. large-cap stocks with a buffer strategy designed to limit downside losses while capping upside potential. The fund distributes annually and carries an expense ratio of 0.50%, making it relatively cost-efficient within its category. This ETF may appeal to investors seeking downside protection in their equity allocations, particularly those willing to accept capped returns in exchange for defined loss buffers.

NOVP key facts

Issuer
PGIM Investments
Asset type
ETF
Asset class
Equity
Inception date
05/21/2024
Expense ratio
0.50%
Distribution rate
0.00%
Distribution frequency
Annual
Last close
$33.45
AUM
$29,383,492
Average volume
3340.0
Beta
0.5749
P/E ratio
25.7889