What this ETF is trying to do

The PGIM NASDAQ-100 BUFFER 12 ETF - APRIL is an exchange-traded fund (ETF) that trades on the NASDAQ exchange. An ETF is a type of investment that holds a collection of different assets.

What the numbers show

As of October 5, 2026, the current price of one share is $33.19. Based on estimated data from roughly one year ago, the price was approximately $28.00.

When looking at how much money the ETF made, we look at two different numbers: the price return and the total return. The price return only shows how much the share price itself went up or down. The total return includes both the price change and any cash payments (distributions) made to investors.

Over the last year, this ETF had a one-year price return of approximately 18.54%. Its one-year total return was slightly higher at approximately 18.56%. So far this year (YTD), both the price return and the total return are approximately 15.97%.

To visualize this, if you had invested $10,000 into just the share price of this ETF one year ago, your investment would have grown based on that 18.54% price return.

Income and distribution explanation

Some investors look for ETFs that pay out cash, which is called a "distribution." This ETF has a distribution yield of approximately 1.48%. This number describes the cash payments relative to the ETF's price.

However, it is important to know that these payments are "irregular" or "less frequent." In the last 12 months, there was only one payout. You should not assume that a high distribution yield means you will earn that same amount as your total return. Total return is the more complete picture of how much an investment grew.

NAV erosion explanation

"NAV erosion" is a term used to describe when the actual value of the assets inside an ETF goes down over time. While a falling market price can sometimes look like erosion, they are not always the same thing.

For this ETF, the StockValueFinder erosion-risk score is 100. The data shows "No price erosion detected," and the severity is listed as "good." There is no severe erosion-risk flag for this fund.

Pros

• The ETF has shown positive price returns over the last year and so far this year.

• The erosion-risk score indicates that no price erosion was detected.

Cons

• The cash distributions are irregular and infrequent, with only one payout in the last year.

• There is no information provided regarding the ETF's top holdings.

Beginner takeaway

When you study an ETF, always look at both the price return and the total return. The price return tells you how the share price moved, while the total return shows you the full picture by including cash distributions. Also, remember that receiving cash payments (yield) is different from the overall growth of your investment.