PQJL ETF — PGIM Nasdaq-100 Buffer 12 ETF - July

PGIM Nasdaq-100 Buffer 12 ETF - July (PQJL)

Updated October 16, 2026.

PQJL 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 23.6% over the past 1.8 years, 9.5 points behind SPY at 33.1%.

PGIM Nasdaq-100 Buffer 12 ETF - July is an ETF that invests substantially all its assets in customized equity option contracts (FLEX Options) on the Invesco QQQ Trust to provide exposure to Nasdaq-100 companies with built-in downside protection. The fund distributes annually and carries an expense ratio of 0.50%; it recently made a special one-time distribution that may not recur. This strategy appeals to investors seeking equity exposure with defined downside buffers rather than traditional buy-and-hold approaches.

PQJL performance versus SPY

Price and return data through 2026-10-16.

Total return is 23.6% over the past 1.8 years, 9.5 points behind SPY at 33.1%. Over the past year its total return — price change plus distributions reinvested — is 9.6%. Its deepest 1-year drawdown was 6.1%.

PQJL 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

$30.89 (as of 2026-10-16)

AUM

$27,148,143

Average volume

16.0

Dividend

$0.002

Ex-dividend date

12/30/2025

Payment date

01/02/2026

Beta

0.5362

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.

PQJL 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 6.1%.

Who may consider PQJL — and who may not

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

More on PQJL

• All tickers starting with P

Tagged: Downside Protection, Options, Target, Nasdaq100.

Frequently asked questions

More securities from PGIM Investments.