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PMJA ETF — PGIM S&P 500 Max Buffer ETF - January
PGIM S&P 500 Max Buffer ETF - January (PMJA)
Updated October 22, 2026.
PMJA is an ETF. Its expense ratio is 0.50%. Total return is 11.6% over the past 1.8 years, 21.6 points behind SPY at 33.2%.
PGIM S&P 500 Max Buffer ETF - January is an ETF that tracks the S&P 500 Index while employing a buffer strategy designed to limit downside losses, using options to provide downside protection. The fund does not currently distribute income, and carries an expense ratio of 0.50%. It may appeal to equity investors seeking S&P 500 exposure with built-in downside cushioning rather than traditional dividend income.
PMJA performance versus SPY
Total return is 11.6% over the past 1.8 years, 21.6 points behind SPY at 33.2%. Over the past year its total return — price change plus distributions reinvested — is 5.9%. Its deepest 1-year drawdown was 1.5%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 0.2% | — |
| 3M | 1.5% | — |
| 6M | 3.0% | — |
| YTD | 4.4% | — |
| 1Y | 5.9% | — |
| Since inception (1.8 years) | 11.6% | 6.30% |
PMJA key facts
- Issuer
- PGIM Investments
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 12/31/2024
- Expense ratio
- 0.50%
- Distribution frequency
- None
- Last close
- $27.93 (as of 2026-10-22)
- AUM
- $5,590,105
- Average volume
- 383
- Beta
- 0.1419
How Dividend Vision calculates returns
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.
PMJA risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 1.5%.
Who may consider PMJA — and who may not
It is a weaker fit for investors who need monthly cash flow (PMJA 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 PMJA
Frequently asked questions
Does PMJA pay monthly?
No. PMJA does not currently distribute.
What is PMJA's expense ratio?
PMJA's expense ratio is 0.50%.
When does PMJA pay a dividend?
PMJA does not currently distribute.
How has PMJA performed?
Total return is 11.6% over the past 1.8 years, 21.6 points behind SPY at 33.2%. Over the past year its total return — price change plus distributions reinvested — is 5.9%. Its deepest 1-year drawdown was 1.5%.
More securities from PGIM Investments.
Tickers
Holdings as-of date unavailable.
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