PGIM S&P 500 Buffer 12 ETF - Nov

PGIM S&P 500 Buffer 12 ETF - Nov

NOVP
PGIM S&P 500 Buffer 12 ETF - Novundefined flagChicago Board Options Exchange
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Capital Structure

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Quarterly Revenue

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Business
PGIM S&P 500 Buffer 12 ETF - November (NOVP) is an exchange-traded fund that seeks to provide capital appreciation through exposure to the SPDR S&P 500 ETF Trust, with a defined one-year target outcome that aims to track SPY’s price return up to a preset upside cap while buffering the first 12% of losses before fees and expenses. Managed by PGIM Investments LLC and subadvised by PGIM Quantitative Solutions LLC, the fund is designed for investors seeking monthly, rules-based downside mitigation with capped upside participation in U.S. large-cap equities. The fund is part of PGIM’s Buffer ETF series, trades on Cboe BZX, uses FLEX options, and carries a net expense ratio of 0.50%; it was launched in May 2024 and is headquartered in Newark, New Jersey, as part of PGIM, the global investment management business of Prudential Financial, Inc. In February 2025, the fund underwent a name change from PGIM US Large-Cap Buffer 12 ETF - November to PGIM S&P 500 Buffer 12 ETF - November, reflecting a broader PGIM rebranding of its buffer ETF lineup. As of September 2026, the fund reports net assets of about $33.6 million, an inception date of May 21, 2024, and ongoing monthly target-outcome resets tied to the November series structure.