ATLASPGIM Laddered S&P 500 Buffer 12 ETF (BUFP): outlook, holdings and fees
PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) is an exchange-traded fund and is managed by PGIM. The expense ratio is 49.48% and the yield is 0.01%. The ten largest holdings are 83% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on BUFP
| Last price | $32.81 (-1.1%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 62% |
| Likely 1-month range (50%) | $32.59 – $33.41 |
| Normal 1-day range (±1σ) | ±0.4% |
| Distribution yield | 0.01% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
BUFP fund facts
| Issuer | PGIM |
|---|---|
| Theme | Buffered (defined outcome) |
| Assets under management | $272M |
| Expense ratio | 49.48% |
| Number of holdings | 12 |
| Inception | Jun 11, 2024 |
| Exchange | CBOE |
The fund seeks to achieve its investment objective by providing investors with U.S. large-cap equity market exposure through a "laddered portfolio" of twelve PGIM S&P 500 Buffer 12 ETFs (the "Underlying ETFs"). Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in ETFs.
BUFP top holdings
| Holding | Sector | Weight |
|---|---|---|
| PGIM US Large-Cap Buffer 12 ETF - November NOVP | – | 8.35% |
| PGIM US Large-Cap Buffer 12 ETF - August AUGP | – | 8.57% |
| PGIM US Large-Cap Buffer 12 ETF - May MAYP | – | 8.27% |
| PGIM US Large-Cap Buffer 12 ETF - June JUNP | – | 8.26% |
| PGIM US Large-Cap Buffer 12 ETF - February FEBP | – | 8.56% |
| PGIM US Large-Cap Buffer 12 ETF - September SEPP | – | 8.06% |
| PGIM US Large-Cap Buffer 12 ETF - October OCTP | – | 8.06% |
| PGIM US Large-Cap Buffer 12 ETF - July JULP | – | 8.06% |
| PGIM US Large-Cap Buffer 12 ETF - December DECP | – | 8.66% |
| PGIM US Large-Cap Buffer 12 ETF - January JANP | – | 8.41% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
BUFP sector breakdown
| Sector | Weight |
|---|---|
| Technology | 39.6% |
| Financial Services | 11.6% |
| Communication Services | 10.1% |
| Consumer Cyclicals | 8.9% |
| Healthcare | 8.8% |
| Industrials | 8.0% |
| Consumer Defensive | 4.3% |
| Energy | 3.6% |
| Utilities | 1.9% |
| Real Estate | 1.7% |
| Basic Materials | 1.5% |
By region: North America 99.6%, Europe Developed 0.3%.
BUFP returns and risk
| Year to date | +10.5% |
|---|---|
| 1 year | +12.2% |
| Volatility (3 years) | 0.0% |
| Sharpe ratio (3 years) | 0.00 |
Past returns do not guarantee future results.
BUFP: frequently asked questions
What does BUFP invest in?
PGIM Laddered S&P 500 Buffer 12 ETF invests in a portfolio of securities. Its largest holdings are PGIM US Large-Cap Buffer 12 ETF - November (8.3%), PGIM US Large-Cap Buffer 12 ETF - August (8.6%), PGIM US Large-Cap Buffer 12 ETF - May (8.3%), PGIM US Large-Cap Buffer 12 ETF - June (8.3%), PGIM US Large-Cap Buffer 12 ETF - February (8.6%).
What is the BUFP expense ratio?
49.48% a year: about $4,948.00 for every $10,000 invested.
What is the BUFP dividend yield?
0.01%. ATLAS does not hold the exact distribution dates for ETFs.
Will BUFP go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 62%, with a likely range (50%) of $32.59 to $33.41 from $32.81 today. It is a probability, not a prediction.
How has BUFP performed?
Year to date +10.5%, one year +12.2%. Past returns do not guarantee future results.
Similar ETFs: Buffered (defined outcome)
- FT Vest Laddered Buffer ETF (BUFR)
- Innovator Defined Wealth Shield ETF (BALT)
- FT Vest Laddered Deep Buffer ETF (BUFD)
- FT Vest Laddered Nasdaq Buffer ETF (BUFQ)
- Innovator U.S. Equity Power Buffer ETF - January (PJAN)
- Innovator U.S. Equity Power Buffer ETF - September (PSEP)
- FT Vest Laddered Moderate Buffer ETF (BUFZ)
- Innovator Laddered Allocation Buffer ETF (BUFF)
Educational information, not investment advice. Disclaimer