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PGIM S&P 500 Max Buffer ETF - April
PMAP (PGIM S&P 500 Max Buffer ETF - April) is an index US Equity ETF by PGIM. With a 0.50% MER, it provides diversified exposure.
PMAP by PGIM is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.50% MER, its fees are in line with category averages. It does not pay a significant distribution — returns are reinvested for capital growth.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).