PGIM Nasdaq-100 Buffer 12 ETF - July
PGIM Nasdaq-100 Buffer 12 ETF - July (NASDAQ: PQJL) is an exchange-traded fund listed on NASDAQ, trading at $31.80 (about ₹3,050 a unit) as of 25 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.5%. Indian residents can buy PQJL through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$31.66
Today's high
$31.81
52 week low
$27.72
52 week high
$31.82
PQJL opened at $31.74, closed previously at $31.70, and has traded between $27.72 and $31.82 over the past 52 weeks.
About
The PGIM Nasdaq-100 Buffer 12 ETF - July (PQJL) is designed to mitigate potential declines in the Invesco QQQ Trust (QQQ). It employs an options-based strategy, which resets each July, to achieve this. Over a one-year period, it aims to shield investors from the first 12% of QQQ's price depreciation. In exchange for this downside protection, the fund forgoes any gains from QQQ exceeding a predetermined, annually reset upside cap. Crucially, this buffer pertains only to QQQ's share price movements and does not incorporate its dividend component, as the underlying options are based on price performance, not total return. Should QQQ's value fall beyond the initial 12% buffer, the fund will experience subsequent losses on a one-to-one basis. To fully benefit from the intended buffer and cap, shareholders must retain their investment until the conclusion of the one-year outcome period. Investors acquiring shares on a date other than the annual reset may encounter different protection levels and cap thresholds. The issuer provides current cap levels on its website for transparency. It's imperative to recognize that the advertised cap and buffer targets do not account for the fund's expense ratio. This actively managed fund exclusively utilizes FLEX options within its investment strategy.
Key statistics
Expense ratio
0.5%
Assets (AUM)
$26.9M
Holdings
—
NAV
$31.69
Avg. volume
—
1-year price change
+13.01%
5-year price change
—
Price change excludes dividends.
Top 8 holdings
These 8 are 100.0% of the fund.
How to buy PQJL from India
Indian residents can buy PQJL units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search PQJL and buy
Find the fund by its ticker, PQJL, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in PQJL from India
Trading and taxes when buying PQJL from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the PQJL price today?
PGIM Nasdaq-100 Buffer 12 ETF - July (PQJL) last traded at $31.80 on NASDAQ, as of 25 Sep 2026, 4:00 PM ET. That is ₹3,050 a unit at the 25 Sep 2026 USD/INR rate.
When does PQJL trade, in Indian time?
NASDAQ trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is PQJL, and what does it cost to hold?
PGIM Nasdaq-100 Buffer 12 ETF - July manages about $26.9M. Its expense ratio is 0.5% a year, deducted inside the fund. It launched in 2024.
What are PQJL's largest holdings?
The top three are 4QQQ US 06/30/27 C7.36 (97.8%), 4QQQ US 06/30/27 P736.4 (5.9%) and (PIPA070) PGIM Core Government Money Market Fund (0.9%). PQJL's 8 largest positions make up 100.0% of the fund.
Does PQJL pay dividends?
Yes. PQJL is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India.
How are gains on PQJL taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of PQJL?
Yes. You can buy PQJL by amount rather than by whole unit, and there is no minimum trade size.
How has PQJL performed?
PQJL's price is up 13.0% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.