PGIM Rock ETF Trust - PGIM S&P 500 Max Buffer ETF - October
PMOC
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 655 Broad Street Newark NJ United States of America 7102
- IPO Date
- Oct 1, 2025
- CIK
- 0001992104
- Similar Companies
- Business
- PGIM Rock ETF Trust – PGIM S&P 500 Max Buffer ETF – October is an actively managed, non-diversified exchange-traded fund launched on September 30, 2025, and listed on the Cboe BZX Exchange under the ticker PMOC. The Fund is a series of PGIM Rock ETF Trust and is managed by PGIM Investments LLC, with portfolio management provided by PGIM Quantitative Solutions. It offers investors a defined-outcome U.S. large-cap equity strategy designed to match the price return of the State Street SPDR S&P 500 ETF Trust, or SPY, up to a predetermined annual upside cap while seeking to maximize protection against SPY price declines during a one-year Target Outcome Period beginning in October and ending in September. The Fund invests substantially all of its assets in customized exchange-traded Flexible Exchange Options, or FLEX Options, including purchased and written put and call options referencing SPY; maintains at least 80% of net assets, plus borrowings for investment purposes, in investments providing exposure to securities in the S&P 500 Index; and may hold cash, money-market instruments and SPY shares in connection with its options-based portfolio construction. Its products and services consist of exchange-traded fund shares providing capped U.S. equity-market participation; annually reset target-outcome exposure; options-based downside-buffer strategies; daily fund information on remaining cap and buffer levels; and secondary-market liquidity for retail, intermediary and institutional investors. For the October 1, 2025 to September 30, 2026 outcome period, the Fund targets a gross upside cap of approximately 6.71%, or 6.21% after its 0.50% management fee, and an approximate gross downside buffer of 100% of SPY price losses, subject to fees, expenses, market conditions and the requirement that shares be held throughout the full outcome period. The strategy does not provide principal protection, does not include SPY dividend returns, and may deliver materially different results for investors purchasing or selling shares during an outcome period. The Fund’s principal market is the United States. Its most significant recent development is its September 2025 launch as the October-dated offering in PGIM’s Max Buffer ETF range, establishing a new annual October reset schedule; it continues to reset its FLEX Options portfolio and establish a new upside cap and buffer at the commencement of each subsequent Target Outcome Period.