Key stats
About PGIM Laddered Nasdaq-100 Buffer 12 ETF
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Inception date
Dec 27, 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
US69420N5106
PBQQ is a basket of defined outcome buffer ETFs. The fund consists of four equity buffer funds, each of which has exposure to QQQs capped gains and 12% buffered losses. The fund will invest equally in the underlying ETFs, holding one ETF with options expiring within three months, a second ETF with options expiring within six months, a third ETF with options expiring within nine months, and a fourth ETF with options expiring within 12 months. Unlike the underlying equity buffer funds that reset annually on a specific month, PBQQ refreshes approximately every 90 days, with one of the underlying ETFs resetting its cap and refreshing its buffer. This creates a continuous hedge for PBQQ 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.
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%
ETF99.98%
Mutual fund0.02%
Cash0.00%
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
PBQQ invests in funds. The fund's major sectors are ETF, with 99.98% stocks, and Mutual fund, with 0.02% of the basket. The assets are mostly located in the North America region.
PBQQ top holdings are PGIM Nasdaq-100 Buffer 12 ETF - July and PGIM Nasdaq-100 Buffer 12 ETF - April, occupying 25.11% and 25.08% of the portfolio correspondingly.
PBQQ assets under management is 12.98 M USD. It's risen 19.08% over the last month.
PBQQ fund flows account for 4.99 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, PBQQ doesn't pay dividends to its holders.
PBQQ shares are issued by Prudential Financial, Inc. under the brand PGIM. The ETF was launched on Dec 27, 2024, and its management style is Active.
PBQQ expense ratio is 0.50% meaning you'd have to pay 0.50% of your investment to help manage the fund.
PBQQ follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PBQQ invests in funds.
PBQQ price has risen by 0.47% over the last month, and its yearly performance shows a 9.16% increase. See more dynamics on PBQQ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.78% over the last month, showed a 6.44% increase in three-month performance and has increased by 9.77% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.78% over the last month, showed a 6.44% increase in three-month performance and has increased by 9.77% in a year.
PBQQ trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.