- What does PBQQ invest in?
- PBQQ represents a distinct investment vehicle, functioning as a portfolio of structured outcome exchange-traded funds (ETFs). It comprises a quartet of underlying equity protection funds, each designed to track the performance of the Nasdaq-100 index (via the QQQ ETF). These individual funds offer a predefined range of outcomes, setting an upper limit on potential gains while providing insulation against the initial 12% of losses. PBQQ strategically allocates its capital equally across these four underlying ETFs, which are characterized by staggered expiration profiles: one ETF's options mature in approximately three months, another in six, a third in nine, and the final one in twelve months. Unlike the annual reset common for individual buffer funds, PBQQ employs a rolling renewal cycle, refreshing its components roughly every 90 days. During each quarterly refresh, one of the underlying ETFs recalibrates its upside cap and downside buffer. This methodical approach ensures perpetual risk mitigation for PBQQ, effectively smoothing out market timing dependencies often associated with shorter-term buffer strategies. For investor transparency, daily updates regarding the fund's exposure to its underlying ETFs, along with current cap and buffer levels, are readily accessible on the issuer's website.
- What is the expense ratio of PBQQ?
- PGIM Laddered Nasdaq-100 Buffer 12 ETF (PBQQ) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is PBQQ?
- PGIM Laddered Nasdaq-100 Buffer 12 ETF (PBQQ) manages $76.3M 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 PBQQ actively managed or an index fund?
- PBQQ's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was PBQQ launched?
- PGIM Laddered Nasdaq-100 Buffer 12 ETF (PBQQ) launched in December 2024 and is managed by PGIM.
- How has PBQQ performed?
- PBQQ'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.
