Key stats
About PGIM S&P 500 Buffer 20 ETF - November
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Inception date
May 22, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
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
US69420N7672
PBNV uses FLEX options in an effort to moderate losses on shares of SPDR S&P 500 ETF Trust (SPY) over a one-year period that resets each November. The fund foregoes upside participation above a certain threshold, which resets annually in exchange for preventing the realization of the first 20% of SPY's losses, as well as the dividend component of SPY because the options are written on the price and not on the total return version of the shares. Should the value of SPY decline by more than 20%, the fund will experience subsequent losses on a one-to-one basis. The fund must be held to the end of the outcome period to achieve the intended results. Investors who buy at any time other than the annual reset day may have a different protection and buffer zone. Once established, the issuer publishes the interim levels for the cap on its website. Investors should note that the targeted cap and buffer do not include the fund's expense ratio. On February 21, 2025, the fund name changed to PGIM S&P 500 Buffer 20 ETF - November.
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
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants98.85%
Mutual fund1.15%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
No, PBNV doesn't pay dividends to its holders.
PBNV shares are issued by Prudential Financial, Inc. under the brand PGIM. The ETF was launched on May 22, 2024, and its management style is Active.
PBNV expense ratio is 0.50% meaning you'd have to pay 0.50% of your investment to help manage the fund.
PBNV follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PBNV invests in funds.
PBNV price has risen by 0.91% over the last month, and its yearly performance shows a 10.83% increase. See more dynamics on PBNV price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.50% over the last month, showed a 3.97% increase in three-month performance and has increased by 6.33% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.50% over the last month, showed a 3.97% increase in three-month performance and has increased by 6.33% in a year.
PBNV trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.