PQJA ETF — PGIM Nasdaq-100 Buffer 12 ETF - January

PGIM Nasdaq-100 Buffer 12 ETF - January (PQJA)

Updated October 16, 2026.

PQJA is an ETF. its trailing-12-month yield is 0.01%, its expense ratio is 0.50%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 30.1% over the past 1.8 years, 3.0 points behind SPY at 33.1%.

PGIM Nasdaq-100 Buffer 12 ETF - January is an ETF that invests substantially all of its assets in customized FLEX Options contracts on the Invesco QQQ Trust to provide downside protection on Nasdaq-100 exposure. The fund has a very modest distribution rate and makes distributions annually, though its latest payout was special and may not recur. The fund carries an expense ratio of 0.50% and appeals to investors seeking equity market exposure with a buffer against losses.

PQJA performance versus SPY

Price and return data through 2026-10-16.

Total return is 30.1% over the past 1.8 years, 3.0 points behind SPY at 33.1%. Over the past year its total return — price change plus distributions reinvested — is 16.0%. Its deepest 1-year drawdown was 6.8%.

PQJA key facts

Distribution Safety Score™

50 · Unproven

Issuer

PGIM Investments

Asset type

ETF

Asset class

Equity

Inception date

12/27/2024

Expense ratio

0.50%

Distribution frequency

Annual

Trailing yield

0.01%

Last close

$32.47 (as of 2026-10-16)

AUM

$34,311,845

Average volume

4606.0

Dividend

$0.002

Ex-dividend date

12/30/2025

Payment date

01/02/2026

Beta

0.6555

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 (0.01%) 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.

PQJA risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 6.8%.

Who may consider PQJA — and who may not

It is a weaker fit for investors who need monthly cash flow (PQJA pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on PQJA

• All tickers starting with P

Tagged: Downside Protection, Options, Target, Nasdaq100.

Frequently asked questions

More securities from PGIM Investments.