ATLASPGIM Laddered S&P 500 Buffer 20 ETF (PBFR): outlook, holdings and fees
PGIM Laddered S&P 500 Buffer 20 ETF (PBFR) is an exchange-traded fund and is managed by PGIM. The expense ratio is 51.81% and the yield is 0.01%. The ten largest holdings are 84% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on PBFR
| Last price | $31.34 (+0.3%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 66% |
| Likely 1-month range (50%) | $31.23 – $31.81 |
| Normal 1-day range (±1σ) | ±0.3% |
| 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.
PBFR fund facts
| Issuer | PGIM |
|---|---|
| Theme | Buffered (defined outcome) |
| Assets under management | $228M |
| Expense ratio | 51.81% |
| 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 20 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.
PBFR top holdings
| Holding | Sector | Weight |
|---|---|---|
| PGIM US Large-Cap Buffer 20 ETF - September PBSE | – | 8.58% |
| PGIM US Large-Cap Buffer 20 ETF - June PBJN | – | 8.74% |
| PGIM US Large-Cap Buffer 20 ETF - August PBAU | – | 8.48% |
| PGIM US Large-Cap Buffer 20 ETF - July PBJL | – | 8.01% |
| PGIM US Large-Cap Buffer 20 ETF - October PBOC | – | 8.59% |
| PGIM US Large-Cap Buffer 20 ETF - May PBMY | – | 8.24% |
| PGIM US Large-Cap Buffer 20 ETF - February PBFB | – | 8.37% |
| PGIM US Large-Cap Buffer 20 ETF - November PBNV | – | 8.03% |
| Pgim US Large-Cap Buffer 20 ETF - December PBDE | – | 8.52% |
| PGIM Rock ETF Trust - PGIM US Large Cap Buffer 20 ETF January Fund PBJA | – | 8.34% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
PBFR sector breakdown
| Sector | Weight |
|---|---|
| Technology | 41.0% |
| Financial Services | 11.2% |
| Communication Services | 9.7% |
| Healthcare | 9.1% |
| Consumer Cyclicals | 8.4% |
| Industrials | 7.6% |
| Consumer Defensive | 4.5% |
| Energy | 3.6% |
| Utilities | 1.8% |
| Real Estate | 1.6% |
| Basic Materials | 1.5% |
By region: North America 99.5%, Europe Developed 0.3%.
PBFR returns and risk
| Year to date | +7.5% |
|---|---|
| 1 year | +9.9% |
| Volatility (3 years) | 0.0% |
| Sharpe ratio (3 years) | 0.00 |
Past returns do not guarantee future results.
PBFR: frequently asked questions
What does PBFR invest in?
PGIM Laddered S&P 500 Buffer 20 ETF invests in a portfolio of securities. Its largest holdings are PGIM US Large-Cap Buffer 20 ETF - September (8.6%), PGIM US Large-Cap Buffer 20 ETF - June (8.7%), PGIM US Large-Cap Buffer 20 ETF - August (8.5%), PGIM US Large-Cap Buffer 20 ETF - July (8.0%), PGIM US Large-Cap Buffer 20 ETF - October (8.6%).
What is the PBFR expense ratio?
51.81% a year: about $5,181.00 for every $10,000 invested.
What is the PBFR dividend yield?
0.01%. ATLAS does not hold the exact distribution dates for ETFs.
Will PBFR go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 66%, with a likely range (50%) of $31.23 to $31.81 from $31.34 today. It is a probability, not a prediction.
How has PBFR performed?
Year to date +7.5%, one year +9.9%. 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