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

PBFR · BATS · Fund

Canonical page: https://www.lighthorse.io/tickers/pbfr

## Price

Last close $31.42 on Oct 15, 2026. 52-week range $28.48 – $31.52.

## Fund profile

PBFR is an actively managed fund-of-funds that holds a laddered portfolio of PGIM S&P 500 Buffer 20 ETFs.

| Metric | Value |
| --- | --- |
| Issuer | PGIM Investments LLC |
| Industry | — |
| Inception | Jun 11, 2024 |
| Assets under management | $232.9M |
| Expense ratio | 0.50% |
| Net asset value | $31.38 (as of Oct 14, 2026) |
| Distributions | Annually |
| Leverage | 1x |

## Frequently Asked Questions

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

PBFR is an actively managed fund-of-funds that holds a laddered portfolio of PGIM S&P 500 Buffer 20 ETFs.

### What is PBFR's expense ratio?

PGIM Laddered S&P 500 Buffer 20 ETF charges an annual expense ratio of 0.50%. The fund is issued by PGIM Investments LLC.

### How large is PBFR?

PGIM Laddered S&P 500 Buffer 20 ETF manages $232.9M in assets and has traded since Jun 11, 2024.

### How do I buy shares of PGIM Laddered S&P 500 Buffer 20 ETF (PBFR)?

PBFR trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).