A projectile for use in a firearm ammunition cartridge, and a method of forming the projectile the projectile including a core, a jacket in which the core is disposed, the jacket having a closed rearward end and an open forward end, the forward end tapering inwardly toward a longitudinal centerline of the jacket to define an ogive portion of the projectile, and extending past a forward end of the core to form an open space inside the jacket between the forward end of the core and the forward end of the jacket, and a plurality of ventilation ports formed proximate the forward end of the jacket, each of the ventilation ports having a first opening on an inner surface of the jacket defining the open space, and a second opening on an outer surface of the jacket.