Skip to content
etf.net

Launched · SEC filings

PGIM Laddered S&P 500 Buffer 12 ETF

BUFPCboePGIMB

$32.68−0.13 (−0.40%)

At close: Nov 2, 2026, 4:00 PM ET

B69/ 100

Rank 1 of 18 in S&P 500 Laddered Buffer

B69/100Rank 1 of 18inS&P 500 Laddered Buffer
Intraday session: down, 79 prints from 32.81 to 32.68. Range 32.68 to 32.99. Use the arrow keys to read each point.32.7532.8532.9032.9533.0010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$336M
1Y total return
+10.2%
Yield · Last 12 months
0.01%
Holdings
14
Avg volume · 30D
72.1K sh
52W range
low $28.69high $36.04
Launched
Filings
SEC EDGAR

The ETF.net BUFP Grade

Based on 5 of 6 pillars

B

Score 69 out of 100

Category
S&P 500 Laddered Buffer⁠
Rank
1 of 18
Six-pillar profile for BUFP. Scores out of 100: Cost 85, Risk 61, Mission not scored, Tradability 48, Holdings 71, Durability 53. Strongest: Cost (85). Weakest: Tradability (48). Based on 5 of 6 pillars.

Score 69 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A85 out of 100
    Rank 2 of 18

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B61 out of 100
    Rank 8 of 18

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C48 out of 100
    Rank 8 of 18

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A71 out of 100
    Rank 3 of 18

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C53 out of 100
    Rank 10 of 18

Our read on BUFP

ETF.net Research

In short

BMost buffer funds make you pick a start month and live with it. BUFP skips the choice: it owns twelve PGIM S&P 500 Buffer 12 ETFs, one per calendar month, so part of the ladder resets on a rolling basis.

Stated mandate

The Fund seeks capital appreciation through U.S. large-cap equity exposure obtained via a laddered portfolio of twelve PGIM US Large-Cap Buffer 12 ETFs. The underlying ETFs seek limited downside protection and capped upside over a specified period, while the Fund itself has no stated buffer.

Why people hold it

  • Twelve underlying buffer ETFs, one for each month, spread the entry point instead of locking everything to a single outcome period and a single cap.pgim.com
  • Each underlying ETF targets a buffer against the first 12% (before fees) of SPY's price-return losses over a one-year period, paired with an upside cap.pgim.com
  • A 0.50% fee sits well under the 0.79% typical of buffer peers, and the package ranks among the stronger implementations in that group.

Worth knowing

  • The wrapper itself has no stated buffer. PGIM notes it likely won't get the full benefit of the underlying buffers, and their caps limit its upside.pgim.com
  • Small and thinly traded, so spreads can run wider than at the category's giants. Matters most on larger orders.
  • Live since 2024, so the record is short. PSFF, the other fund-of-buffer-ETFs in the group, carries a lower fee.

BUFP Holdings

Holdings pillarA71 out of 100Rank 3 of 18 in S&P 500 Laddered Buffer
Asset class
Other
Holdings
14
Top-10 weight
83%
Largest holding
FEBP8.4%

Sectors

  • Technology40.1%
  • Financials11.3%
  • Communication9.9%
  • Health Care9.4%
  • Consumer Discretionary8.7%
  • Industrials7.6%
  • Consumer Staples4.4%
  • Energy3.4%
  • Utilities1.9%
  • Real Estate1.7%
  • Materials1.6%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1FEBPPgim S&P 500 Buffer 12 Etf - February8.39%810,019$28.2M1
2APRPPgim S&P 500 Buffer 12 Etf - April8.36%842,584$28.2M1
3MRCPPgim S&P 500 Buffer 12 Etf - March8.34%796,427$28.1M1
4NOVPPgim S&P 500 Buffer 12 Etf - November8.34%844,511$28.1M1
5JANPPgim S&P 500 Buffer 12 Etf - January8.33%786,500$28M1
6JULPPgim S&P 500 Buffer 12 Etf - July8.33%844,664$28M1
7JUNPPgim S&P 500 Buffer 12 Etf - June8.32%872,056$28M1
8SEPPPgim S&P 500 Buffer 12 Etf - September8.32%847,644$28M1
9AUGPPgim S&P 500 Buffer 12 Etf - August8.32%827,072$28M1
10MAYPPgim S&P 500 Buffer 12 Etf - May8.32%845,464$28M1
11OCTPPgim S&P 500 Buffer 12 Etf - October8.32%838,088$28M1
12DECPPgim S&P 500 Buffer 12 Etf - December8.30%838,990$28M1
13No data(PIPA070) PGIM Core Government Money Market Fund0.22%755,758$756K70
14No dataNet Current Assets0.00%164$164137

Showing 1–14 of 14 holdings

BUFP Performance

Launched Jun 11, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
BUFP$11,023
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. BUFP $11,023. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BUFP. Periods over one year show the average yearly return.
PeriodBUFP
Year to date+8.5%
1 month−1.1%
3 months+1.3%
1 year+10.2%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BUFP
YearReturn barBUFP
2026 YTD+8.5%
2025+12.9%
2024+6.4%

History from Jun 13, 2024

BUFP in the news

BUFP Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
0.01%Last 12 months
Payout per share
$0.0024Last 12 months
Last payment
$0.0024 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 27, 2024 $0.0047; Dec 30, 2025 $0.0024. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Jan 2, 2026$0.0024
Dec 27, 2024Jan 3, 2025$0.0047

$10,000 in BUFP 1 year ago paid $0.81 in dividends.

BUFP Risk

Risk pillarB61 out of 100Rank 8 of 18 in S&P 500 Laddered Buffer
How much the fund’s monthly returns vary, scaled to a year.
6.0%
Annualised · 28 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.21
vs 3-month T-bills · 28 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−12.0%
28 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.50
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BUFP Cost

Compare BUFP and ALDB

Overpaying vs ALDB, cheapest in S&P 500 Laddered Buffer

$3,830

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BUFP 0.50%

    $9,979

  • ALDB 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • BUFP 0.50%
  • ALDB 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530BUFP $9,979ALDB $6,149

Year by year

YearBUFPALDBOverpaying
10$900$545$355
20$3,460$2,113$1,347
30$9,979$6,149$3,830

Other funds in S&P 500 Laddered Buffer

See others