PBFR
PGIM Laddered S&P 500 Buffer 20 ETF·CBOE
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Key Stats
Assets Under Management
96.07MUSD
Fund Flows (1Y)
48.55MUSD
Dividend Yield
0.01%
Discount/Premium to NAV
0.07%
Shares Outstanding
3.27M
Expense Ratio
0.50%
About PGIM Laddered S&P 500 Buffer 20 ETF
Issuer
PGIM Investments LLC
Brand
PGIM
Inception Date
Jun 11, 2024
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
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
PBFR is a basket of defined outcome buffer ETFs. The fund consists of 12 equity buffer funds, each of which has exposure to SPY's 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 ETF's 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 issuer's website.?
Classification
Asset Class
Equity
Category
Size and Style
Focus
Large Cap
Niche
Broad-based
Strategy
Equal
Geography
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Weighting Scheme
Equal
Selection Criteria
Fixed
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +0.24% | +2.01% | +0.38% | +9.45% | +17.29% | +17.29% |
NAV Total Return | -0.36% | +1.77% | -0.01% | +8.62% | +0.08% | +0.08% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Technology
33.58%
Financial Services
12.73%
Communication Services
11.16%
Consumer Cyclical
10.60%
Healthcare
9.43%
Industrials
8.18%
Consumer Defensive
5.18%
Energy
3.22%
Utilities
2.25%
Technology
33.58%
Financial Services
12.73%
Communication Services
11.16%
Consumer Cyclical
10.60%
Healthcare
9.43%
Industrials
8.18%
Consumer Defensive
5.18%
Energy
3.22%
Utilities
2.25%
Show more
Asset
Region
99.48%
0.41%
0.12%
Category
Ratio
North America
99.48%
Europe
0.41%
Asia
0.12%
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
PBMY
PGIM S&P 500 Buffer 20 ETF – May
8.35%
PBAP
PGIM S&P 500 Buffer 20 ETF – April
8.35%
PBMR
PGIM S&P 500 Buffer 20 ETF – March
8.34%
PBJN
PGIM S&P 500 Buffer 20 ETF – June
8.34%
PBJL
PGIM S&P 500 Buffer 20 ETF – July
8.33%
PBSE
PGIM S&P 500 Buffer 20 ETF – September
8.32%
PBAU
PGIM S&P 500 Buffer 20 ETF – August
8.32%
PBFB
PGIM S&P 500 Buffer 20 ETF – February
8.32%
PBJA
PGIM S&P 500 Buffer 20 ETF – January
8.32%
PBOC
PGIM S&P 500 Buffer 20 ETF – October
8.32%
Top 10 Weight 83.32%
15 Total Holdings
Is SPY better than PBFR?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-30 | 2025-12-30 | 2026-01-02 | 0.002 |
| 2024-12-27 | 2024-12-27 | 2025-01-03 | 0.004 |
How Much Does PBFR Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy PBFR?
Fund Flows
