# PBFR (PGIM Laddered S&P 500 Buffer 20 ETF)

PGIM · Buffer ETFs · data as of Oct 9, 2026

As of Oct 9, 2026, PBFR's 12 sleeves can still gain 5.7% on average and can fall 5.4% before their buffers.

## Key facts

- PBFR, can still gain, weighted: 5.7%, as of Oct 9, 2026.
- PBFR, fall before the buffers, weighted: 5.4%, as of Oct 9, 2026.
- PBFR, protection left, weighted, index points: 20.0%, as of Oct 9, 2026.
- PBFR, days to the next reset: 22, as of Oct 9, 2026.
- PBFR, net assets: $204m on Jul 31, 2026 (N-PORT).
- PBFR, expense ratio: 0.50% (485BPOS XBRL, Feb 20, 2026).

## PBFR over each window to Oct 9, 2026

| Window | Total return | SPY price return | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +2.3% | +3.1% | −0.8 pts |
| 6 months | +6.6% | +14.6% | −8.0 pts |
| 1 year | +9.9% | +16.0% | −6.1 pts |
| Since launch | +25.6% | +43.5% | −17.9 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Kind | Laddered buffer ETF: a fund of 12 buffer ETFs | ETFIQ |
| Reference index | SPY | ETFIQ |
| Sleeves | PBNV, PBDE, PBJA, PBFB, PBMR, PBAP, PBMY, PBJN, PBJL, PBAU, PBSE, PBOC | ETFIQ |
| Sleeve outcome periods | about 12 months each, ending on 12 different dates | ETFIQ |
| Weights | its report for Jul 31, 2026 | N-PORT |
| Share of net assets in the sleeves ETFIQ reads | 99.96% | ETFIQ |
| Can still gain, weighted | 5.7% | ETFIQ |
| Fall before the buffers, weighted | 5.4% | ETFIQ |
| Protection left, weighted, index points | 20.0% | ETFIQ |
| Next sleeve to reset | PBNV on Oct 31, 2026, in 22 days | ETFIQ |
| Days left, weighted | 189 | ETFIQ |
| Net assets | $204m on Jul 31, 2026 | N-PORT |
| Expense ratio | 0.50% | 485BPOS XBRL, Feb 20, 2026 |
| Sleeve PBNV, 8.33% of net assets | SPY, period ends Oct 31, 2026, can still gain 0.6%, fall before buffer 9.8% | ETFIQ |
| Sleeve PBDE, 8.33% of net assets | SPY, period ends Nov 30, 2026, can still gain 1.4%, fall before buffer 8.8% | ETFIQ |
| Sleeve PBJA, 8.33% of net assets | SPY, period ends Dec 31, 2026, can still gain 2.0%, fall before buffer 7.7% | ETFIQ |
| Sleeve PBFB, 8.33% of net assets | SPY, period ends Jan 31, 2027, can still gain 2.9%, fall before buffer 7.0% | ETFIQ |
| Sleeve PBMR, 8.33% of net assets | SPY, period ends Feb 28, 2027, can still gain 3.4%, fall before buffer 6.8% | ETFIQ |
| Sleeve PBAP, 8.33% of net assets | SPY, period ends Mar 31, 2027, can still gain 3.6%, fall before buffer 8.0% | ETFIQ |
| Sleeve PBMY, 8.33% of net assets | SPY, period ends Apr 30, 2027, can still gain 5.9%, fall before buffer 4.9% | ETFIQ |
| Sleeve PBJN, 8.34% of net assets | SPY, period ends May 31, 2027, can still gain 8.7%, fall before buffer 3.0% | ETFIQ |
| Sleeve PBJL, 8.33% of net assets | SPY, period ends Jun 30, 2027, can still gain 8.7%, fall before buffer 3.2% | ETFIQ |
| Sleeve PBAU, 8.31% of net assets | SPY, period ends Jul 31, 2027, can still gain 9.1%, fall before buffer 2.8% | ETFIQ |
| Sleeve PBSE, 8.33% of net assets | SPY, period ends Aug 31, 2027, can still gain 10.7%, fall before buffer 1.5% | ETFIQ |
| Sleeve PBOC, 8.33% of net assets | SPY, period ends Sep 30, 2027, can still gain 11.2%, fall before buffer 1.5% | ETFIQ |

## Questions

### What does PBFR hold?

PBFR holds 12 buffer ETFs: PBNV, PBDE, PBJA, PBFB, PBMR, PBAP, PBMY, PBJN, PBJL, PBAU, PBSE, PBOC. Its N-PORT for Jul 31, 2026 puts 100.0% of its net assets in them.

### How much can PBFR still gain?

Weighted by its N-PORT, PBFR's sleeves can still gain 5.7% as of Oct 9, 2026, each sleeve's issuer figure in fund-price terms.

### When does PBFR reset?

PBFR itself does not reset. Each sleeve resets on its own date; the next is PBNV on Oct 31, 2026, in 22 days.


## Cite this page

ETFIQ, PBFR, buffer ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/pbfr
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/pbfr  ·  JSON: https://etfiq.com/funds/pbfr.json