{
 "ticker": "PBQQ",
 "name": "PGIM Laddered Nasdaq-100 Buffer 12 ETF",
 "issuer": "PGIM",
 "desk": "buffer",
 "url": "https://etfiq.com/funds/pbqq",
 "html": "https://etfiq.com/funds/pbqq",
 "markdown": "https://etfiq.com/funds/pbqq.md",
 "as_of": "2026-10-09",
 "verdict": "As of Oct 9, 2026, PBQQ's 4 sleeves can still gain 11.5% on average and can fall 7.4% before their buffers.",
 "key_facts": [
  {
   "key": "can_still_gain_weighted",
   "label": "Can still gain, weighted",
   "value": "11.5%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "PBQQ, can still gain, weighted: 11.5%, as of Oct 9, 2026."
  },
  {
   "key": "fall_before_the_buffers_weighted",
   "label": "Fall before the buffers, weighted",
   "value": "7.4%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "PBQQ, fall before the buffers, weighted: 7.4%, as of Oct 9, 2026."
  },
  {
   "key": "protection_left_weighted_index_points",
   "label": "Protection left, weighted, index points",
   "value": "12.0%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "PBQQ, protection left, weighted, index points: 12.0%, as of Oct 9, 2026."
  },
  {
   "key": "days_to_the_next_reset",
   "label": "Days to the next reset",
   "value": "83",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "PBQQ, days to the next reset: 83, as of Oct 9, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$77m on Jul 31, 2026",
   "source": "N-PORT",
   "as_of": "2026-10-09",
   "sentence": "PBQQ, net assets: $77m on Jul 31, 2026 (N-PORT)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.50%",
   "source": "485BPOS XBRL, Feb 20, 2026",
   "as_of": "2026-10-09",
   "sentence": "PBQQ, expense ratio: 0.50% (485BPOS XBRL, Feb 20, 2026)."
  }
 ],
 "fields": [
  {
   "key": "kind",
   "label": "Kind",
   "value": "Laddered buffer ETF: a fund of 4 buffer ETFs",
   "source": null
  },
  {
   "key": "reference_index",
   "label": "Reference index",
   "value": "QQQ",
   "source": null
  },
  {
   "key": "sleeves",
   "label": "Sleeves",
   "value": "PQJA, PQAP, PQJL, PQOC",
   "source": null
  },
  {
   "key": "sleeve_outcome_periods",
   "label": "Sleeve outcome periods",
   "value": "about 12 months each, ending on 4 different dates",
   "source": null
  },
  {
   "key": "weights",
   "label": "Weights",
   "value": "its report for Jul 31, 2026",
   "source": "N-PORT"
  },
  {
   "key": "share_of_net_assets_in_the_sleeves_etfiq_reads",
   "label": "Share of net assets in the sleeves ETFIQ reads",
   "value": "99.92%",
   "source": null
  },
  {
   "key": "can_still_gain_weighted",
   "label": "Can still gain, weighted",
   "value": "11.5%",
   "source": "ETFIQ"
  },
  {
   "key": "fall_before_the_buffers_weighted",
   "label": "Fall before the buffers, weighted",
   "value": "7.4%",
   "source": "ETFIQ"
  },
  {
   "key": "protection_left_weighted_index_points",
   "label": "Protection left, weighted, index points",
   "value": "12.0%",
   "source": "ETFIQ"
  },
  {
   "key": "next_sleeve_to_reset",
   "label": "Next sleeve to reset",
   "value": "PQJA on Dec 31, 2026, in 83 days",
   "source": null
  },
  {
   "key": "days_left_weighted",
   "label": "Days left, weighted",
   "value": "219",
   "source": "ETFIQ"
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$77m on Jul 31, 2026",
   "source": "N-PORT"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.50%",
   "source": "485BPOS XBRL, Feb 20, 2026"
  },
  {
   "key": "sleeve_pqja_24_97_of_net_assets",
   "label": "Sleeve PQJA, 24.97% of net assets",
   "value": "QQQ, period ends Dec 31, 2026, can still gain 2.8%, fall before buffer 12.1%",
   "source": null
  },
  {
   "key": "sleeve_pqap_24_96_of_net_assets",
   "label": "Sleeve PQAP, 24.96% of net assets",
   "value": "QQQ, period ends Mar 31, 2027, can still gain 4.5%, fall before buffer 12.8%",
   "source": null
  },
  {
   "key": "sleeve_pqjl_25_03_of_net_assets",
   "label": "Sleeve PQJL, 25.03% of net assets",
   "value": "QQQ, period ends Jun 30, 2027, can still gain 19.1%, fall before buffer 3.3%",
   "source": null
  },
  {
   "key": "sleeve_pqoc_24_97_of_net_assets",
   "label": "Sleeve PQOC, 24.97% of net assets",
   "value": "QQQ, period ends Sep 30, 2027, can still gain 19.6%, fall before buffer 1.6%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+3.9%",
   "QQQ price return": "+3.5%",
   "Gap to QQQ": "+0.4 pts"
  },
  {
   "window": "6 months",
   "Total return": "+11.4%",
   "QQQ price return": "+22.9%",
   "Gap to QQQ": "\u221211.6 pts"
  },
  {
   "window": "1 year",
   "Total return": "+15.9%",
   "QQQ price return": "+23.0%",
   "Gap to QQQ": "\u22127.1 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+30.9%",
   "QQQ price return": "+47.2%",
   "Gap to QQQ": "\u221216.3 pts"
  }
 ],
 "questions": [
  {
   "q": "What does PBQQ hold?",
   "a": "PBQQ holds 4 buffer ETFs: PQJA, PQAP, PQJL, PQOC. Its N-PORT for Jul 31, 2026 puts 99.9% of its net assets in them."
  },
  {
   "q": "How much can PBQQ still gain?",
   "a": "Weighted by its N-PORT, PBQQ's sleeves can still gain 11.5% as of Oct 9, 2026, each sleeve's issuer figure in fund-price terms."
  },
  {
   "q": "When does PBQQ reset?",
   "a": "PBQQ itself does not reset. Each sleeve resets on its own date; the next is PQJA on Dec 31, 2026, in 83 days."
  }
 ],
 "generated": "2026-10-09",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, PBQQ, buffer ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/pbqq"
}