- What does BUFP invest in?
- The fund's primary objective is to offer investors participation in the performance of major U.S. equities. It achieves this by building a strategically structured, "laddered portfolio" composed of twelve separate PGIM S&P 500 Buffer 12 Exchange-Traded Funds (referred to as the Underlying ETFs). Ordinarily, a minimum of 80% of the fund's total assets, encompassing any borrowed capital used for investment, is allocated to various ETFs.
- What is the expense ratio of BUFP?
- PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is BUFP?
- PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) manages $244.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is BUFP actively managed or an index fund?
- BUFP's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was BUFP launched?
- PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) launched in June 2024 and is managed by PGIM.
- How has BUFP performed?
- BUFP's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
