PGIM Laddered S&P 500 Buffer 20 ETF
$31.52+0.01 (+0.03%)
- 0.50%
- $233M
- +10.8%
- 0.01%
- 0M sh
- $31.50
- low $28.45high $33.45
The ETF.net PBFR Grade
C
Score 50 out of 100
- 7 of 18
Score 50 of 100 falls in the C 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.D38 out of 100Rank 11 of 18Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A74 out of 100Rank 3 of 18Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D39 out of 100Rank 14 of 18Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A72 out of 100Rank 3 of 18Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C45 out of 100Rank 11 of 18
Our read on PBFR
CMost buffer ETFs make you pick a start month. PBFR skips that: one ticker holding twelve monthly vintages of PGIM's 20% S&P 500 buffer funds, so caps and buffers are staggered across the calendar.
The Fund seeks capital appreciation through U.S. large-cap equity exposure obtained through a laddered portfolio of twelve PGIM S&P 500 Buffer 20 ETFs, each intended to limit downside risk.
Why people hold it
- At 0.50%, it prices below the typical 20%-buffer fund in its group, and ranks among the stronger implementations in that group.
- One ticker does the ladder work: twelve underlying PGIM Buffer 20 ETFs, rebalanced back to equal weight (8 1/3% each) quarterly as caps reset.pgim.com
- Each underlying fund aims to absorb the first 20% of SPY's price decline over a one-year outcome period, in exchange for an upside cap.pgim.com
- Launched in 2024 and stocked entirely with PGIM's own monthly Buffer 20 funds, so one manager runs the whole chain.pgim.com
Worth knowing
- You hold a blend, not one vintage, so no single stated buffer or cap applies to your position at any given moment.pgim.com
- The 20% buffer is measured before fees and expenses and covers only the first 20% of SPY's drop; deeper declines come through.pgim.com
- A fund of funds in a niche corner: the underlying ETFs' fees flow through pro rata, and it trades less actively than the category's biggest names.pgim.com
PBFR Holdings
- Other
- 14
- 83%
- PBJL
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%
PBFR Performance
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.
PBFR$11,077
Returns run to the Oct 12, 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.
| Period | PBFR |
|---|---|
| Year to date | +7.8% |
| 1 month | +1.0% |
| 3 months | +2.4% |
| 1 year | +10.8% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PBFR |
|---|---|---|
| 2026 YTD | +7.8% | |
| 2025 | +10.4% | |
| 2024 | +5.4% |
PBFR in the news
PBFR Dividends
- 0.01%
- $0.0025
- $0.0025 per share
- Irregular
Distribution history
PBFR Risk
- 4.2%
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.
- 1.29
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.
- −8.5%
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.
- 0.34
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PBFR Cost
0.50%
PBFR0.50%
- The middle half of S&P 500 Laddered Buffer funds
- Median 0.25%
10 of the 18 S&P 500 Laddered Buffer funds charge less.
Other funds in S&P 500 Laddered Buffer
- BBUFBInnovator Laddered Allocation Buffer ETFExpense ratio 0.10%1 year return +15.7%
- BBUFTFT Vest Buffered Allocation Defensive ETFExpense ratio 0.20%1 year return +10.3%
- CBUFGFT Vest Buffered Allocation Growth ETFExpense ratio 0.20%1 year return +13.9%
- CBUFPPGIM Laddered S&P 500 Buffer 12 ETFExpense ratio 0.50%1 year return +14.4%
- CALDBEtf Series Solutions - Aptus Laddered Deep Buffer ETFExpense ratio 0.30%1 year return —