PMDE ETF — PGIM S&P 500 Max Buffer ETF - December

PGIM S&P 500 Max Buffer ETF - December (PMDE)

Updated October 16, 2026.

PMDE is an ETF. its expense ratio is 0.50%. Total return is 5.1% over the past 0.9 years, 8.1 points behind SPY at 13.2%.

PGIM S&P 500 Max Buffer ETF - December is an actively managed ETF that invests at least eighty percent of its assets in securities from the S&P 500 Index, with a non-diversified structure. The fund does not currently distribute income to shareholders. It carries an expense ratio of 0.50%.

PMDE performance versus SPY

Price and return data through 2026-10-16.

Total return is 5.1% over the past 0.9 years, 8.1 points behind SPY at 13.2%. Its deepest 1-year drawdown was 1.6%.

PMDE key facts

Issuer

PGIM Investments

Asset type

ETF

Asset class

Equity

Inception date

11/28/2025

Expense ratio

0.50%

Distribution frequency

None

Last close

$26.32 (as of 2026-10-16)

AUM

$9,225,495

Average volume

329.0

Beta

0.1596

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.

PMDE risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 1.6%.

Who may consider PMDE — and who may not

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

• All tickers starting with P

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

Frequently asked questions

More securities from PGIM Investments.