# PGIM Portfolio Ballast ETF (PBL) — Overview PBL · BATS · Fund Canonical page: https://www.lighthorse.io/tickers/pbl ## Price Last close $33.66 on Oct 15, 2026. 52-week range $29.56 – $34.28. ## Fund profile PBL actively manages a portfolio of derivatives, toggling exposure between US large-cap equities and US Treasuries. The fund aims to provide long-term capital growth while limiting downside losses. | Metric | Value | | --- | --- | | Issuer | PGIM Investments LLC | | Industry | — | | Inception | Dec 12, 2022 | | Assets under management | $71.5M | | Expense ratio | 0.45% | | Net asset value | $33.73 (as of Oct 14, 2026) | | Distributions | Annually | | Leverage | 1x | ## Frequently Asked Questions ### What is PGIM Portfolio Ballast ETF (PBL)? PBL actively manages a portfolio of derivatives, toggling exposure between US large-cap equities and US Treasuries. The fund aims to provide long-term capital growth while limiting downside losses. ### What is PBL's expense ratio? PGIM Portfolio Ballast ETF charges an annual expense ratio of 0.45%. The fund is issued by PGIM Investments LLC. ### How large is PBL? PGIM Portfolio Ballast ETF manages $71.5M in assets and has traded since Dec 12, 2022. ### How do I buy shares of PGIM Portfolio Ballast ETF (PBL)? PBL 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. --- 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).