PQOC ETF — PGIM Nasdaq-100 Buffer 12 ETF - October

PGIM Nasdaq-100 Buffer 12 ETF - October (PQOC)

Updated October 16, 2026.

PQOC is an ETF. its trailing-12-month yield is 0.00%, its expense ratio is 0.50%. Total return is 27.1% over the past 1.8 years, 6.0 points behind SPY at 33.1%.

This ETF invests substantially all of its assets in customized equity option contracts (FLEX Options) linked to the Nasdaq-100 Index through the Invesco QQQ Trust, designed to provide downside protection with a target buffer structure that resets annually in October. The fund does not currently distribute income on a regular basis, though it recently made a special one-time distribution that may not recur; it carries an expense ratio of 0.50%. The strategy appeals to investors seeking Nasdaq-100 exposure with built-in downside cushioning rather than those prioritizing current income.

PQOC performance versus SPY

Price and return data through 2026-10-16.

Total return is 27.1% over the past 1.8 years, 6.0 points behind SPY at 33.1%. Over the past year its total return — price change plus distributions reinvested — is 13.8%. Its deepest 1-year drawdown was 6.7%.

PQOC key facts

Issuer

PGIM Investments

Asset type

ETF

Asset class

Equity

Inception date

12/27/2024

Expense ratio

0.50%

Distribution frequency

Annual

Trailing yield

0.00%

Last close

$31.71 (as of 2026-10-16)

AUM

$27,399,301

Average volume

1150.0

Dividend

$0.001

Ex-dividend date

12/30/2025

Payment date

01/02/2026

Beta

0.6553

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 (0.00%) 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.

PQOC 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 6.7%.

Who may consider PQOC — and who may not

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

More on PQOC

• All tickers starting with P

Tagged: Downside Protection, Options, Target, Nasdaq100.

Frequently asked questions

More securities from PGIM Investments.