PMAU ETF — PGIM S&P 500 Max Buffer ETF - August

PGIM S&P 500 Max Buffer ETF - August (PMAU)

Updated October 16, 2026.

PMAU is an ETF. its expense ratio is 0.50%. Total return is 8.0% over the past 1.2 years, 16.4 points behind SPY at 24.4%.

PGIM S&P 500 Max Buffer ETF - August is an actively managed fund that invests at least 80% of its assets in securities from the S&P 500 Index, employing options strategies designed to provide downside protection. The fund does not currently distribute income to shareholders, and carries an expense ratio of 0.50%. It appeals to equity investors seeking exposure to large-cap stocks with built-in buffers against market declines.

PMAU performance versus SPY

Price and return data through 2026-10-16.

Total return is 8.0% over the past 1.2 years, 16.4 points behind SPY at 24.4%. Its deepest 1-year drawdown was 1.8%.

PMAU key facts

Issuer

PGIM Investments

Asset type

ETF

Asset class

Equity

Inception date

07/31/2025

Expense ratio

0.50%

Distribution frequency

None

Last close

$27.00 (as of 2026-10-16)

AUM

$6,495,973

Average volume

7.0

Beta

0.1666

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.

PMAU risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 1.8%.

Who may consider PMAU — and who may not

It is a weaker fit for investors who need monthly cash flow (PMAU 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 PMAU

• All tickers starting with P

Tagged: Downside Protection, Options, Target, S&P500.

Frequently asked questions

More securities from PGIM Investments.