PGIM Nasdaq-100 Buffer 12 ETF - January
PQJA
NASDAQ Global Select- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 655 Broad Street Newark NJ United States of America 7102
- IPO Date
- Jan 2, 2025
- Website
- pgim.com
- Similar Companies
- Business
- PGIM Nasdaq-100 Buffer 12 ETF - January (PQJA) is an actively managed exchange-traded fund that seeks to provide investors with returns that match the price return of the Invesco QQQ Trust, Series 1 (QQQ) up to a predetermined upside cap, while offering a buffer against the first 12% of QQQ's losses (before fees and expenses) during its one-year target outcome period; the fund primarily invests in FLEX options linked to QQQ to achieve these defined outcomes. Launched on December 27, 2024, and listed on the Nasdaq exchange, PQJA operates with a total annual expense ratio of 0.50% and targets retail and institutional investors seeking risk-managed exposure to the Nasdaq-100 Index, which is heavily weighted toward technology stocks. The ETF is subadvised by PGIM Quantitative Solutions, a specialist in quantitative equity and multi-asset strategies with roots dating to 1975, and managed by a team including John Hall, CFA, Devang Gambhirwala, and Marco Aiolfi, PhD. Headquartered in Newark, New Jersey, as part of PGIM—the $1.4 trillion global asset management arm of Prudential Financial, Inc.—the fund fits within PGIM Investments' expanding lineup of buffer ETFs, which also encompasses S&P 500 buffer series, large-cap buffer products, and laddered funds. In January 2025, PGIM launched the Nasdaq-100 Buffer 12 ETF series, including PQJA as the January outcome period variant alongside quarterly iterations, alongside the PGIM S&P 500 Max Buffer ETF series and the PGIM Laddered Nasdaq-100 Buffer 12 ETF (PBQQ), marking a strategic expansion of its defined-outcome ETF offerings to provide comprehensive downside protection and upside participation solutions. These launches reinforce PGIM's commitment to low-cost buffer strategies amid growing investor demand, with PGIM Quantitative Solutions providing subadvisory expertise in options-based investing.