Key stats
About PGIM Laddered S&P 500 Buffer 20 ETF
Home page
Inception date
Jun 11, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
PGIM Investments LLC
Distributor
Prudential Investment Management Services LLC
ISIN
US69420N6922
PBFR is a basket of defined outcome buffer ETFs. The fund consists of 12 equity buffer funds, each of which has exposure to SPYs capped gains and 20% buffered losses. PBFR will invest equally in the underlying ETFs, holding one ETF with options expiring within one month, a second ETF with options expiring within two months, a third ETF with options expiring within three months, and so on, until a 12th ETF with options expiring within 12 months. Unlike the underlying equity buffer funds that reset annually on a specific month, PBFR refreshes monthly, with one of the underlying ETFs resetting its cap and refreshing its buffer. This creates a continuous hedge for PBFR regardless of each underlying ETFs outcome period. The approach reduces the timing risks associated with a monthly buffer strategy. Information on the fund exposure to the underlying ETFs and remaining cap and buffer are provided daily on the issuers website. On February 21, 2025, the fund name changed to PGIM Laddered S&P 500 Buffer 20 ETF.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF99.80%
Mutual fund0.20%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PBFR invests in funds. The fund's major sectors are ETF, with 99.80% stocks, and Mutual fund, with 0.20% of the basket. The assets are mostly located in the North America region.
PBFR top holdings are PGIM S&P 500 Buffer 20 ETF - June and PGIM S&P 500 Buffer 20 ETF - July, occupying 8.47% and 8.42% of the portfolio correspondingly.
Yes, PBFR pays dividends to its holders with the dividend yield of 0.01%. The last dividend (Jan 3, 2025) amounted to 0.00 USD. The dividends are paid annually.
PBFR shares are issued by Prudential Financial, Inc. under the brand PGIM. The ETF was launched on Jun 11, 2024, and its management style is Active.
PBFR expense ratio is 0.50% meaning you'd have to pay 0.50% of your investment to help manage the fund.
PBFR follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PBFR invests in funds.