# PGIM S&P 500 Max Buffer ETF - February (PMFB): ETF Facts & Distributions

> Markdown mirror of https://www.dividenddata.com/funds/pmfb for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice.

- Issuer: PGIM · Asset class: Alternatives
- Strategy: Buffered · Inception: 2025-01-31

PMFB uses FLEX options to match the price returns of SPDR S&P 500 ETF Trust (SPY), up to a predetermined upside cap of at least 3%, while seeking to provide the maximum available buffer of 100% over a one year period starting in February. At the end of the target outcome period, the upside cap and downside buffer for the new target outcome period are reset to prevailing market conditions. If the fund is not able to set the maximum buffer against 100% of the losses, then it would seek to adjust the cap. Likewise, if the fund cannot set a cap of at least 3%, then it would seek to adjust the m...

## Key Facts

| Metric | Value |
|---|---|
| Price | $27.82 |
| Expense Ratio | 0.50% |
| Assets Under Management | $6.1M |
| NAV | $27.76 |
| Holdings Count | 7 |
| Distribution Yield (TTM) | — |
| Annual Distribution (TTM) | — /share |
| Distribution Frequency | — |
| 52-Week Range | $26.10 – $27.82 |
| Beta | 0.18 |

## Frequently Asked Questions

### What does PMFB invest in?

PMFB uses FLEX options to match the price returns of SPDR S&P 500 ETF Trust (SPY), up to a predetermined upside cap of at least 3%, while seeking to provide the maximum available buffer of 100% over a one year period starting in February. At the end of the target outcome period, the upside cap and downside buffer for the new target outcome period are reset to prevailing market conditions. If the fund is not able to set the maximum buffer against 100% of the losses, then it would seek to adjust the cap. Likewise, if the fund cannot set a cap of at least 3%, then it would seek to adjust the maximum buffer instead. To achieve the target outcomes sought by the fund for a target outcome period, an investor must hold fund shares for that entire target outcome period.

### What is the expense ratio of PMFB?

PGIM S&P 500 Max Buffer ETF - February (PMFB) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.

### How big is PMFB?

PGIM S&P 500 Max Buffer ETF - February (PMFB) manages $6.1M 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 PMFB actively managed or an index fund?

PMFB's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

### When was PMFB launched?

PGIM S&P 500 Max Buffer ETF - February (PMFB) launched in January 2025 and is managed by PGIM.

### How has PMFB performed?

PMFB'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.

### Does PMFB pay a dividend?

PGIM S&P 500 Max Buffer ETF - February (PMFB) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab.

### How often does PMFB pay dividends?

PGIM S&P 500 Max Buffer ETF - February pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is PMFB's dividend yield?

PMFB's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price.

### When is PMFB's next ex-dividend date?

PMFB hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page.

### How much will PMFB's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 0.50% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees.

### How does PMFB charge its expense ratio?

The expense ratio is deducted in tiny daily slices from PMFB's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

### Why does PMFB cost more than a fund like VOO?

PMFB's strategy (current expense ratio 0.50%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where PMFB sits within its own category, which is the comparison that actually matters.

### Are there cheaper alternatives to PMFB?

The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PMFB (0.50%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/pmfb
- Distribution history: https://www.dividenddata.com/funds/pmfb/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/pmfb/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/pmfb/expenses
- Peer comparison: https://www.dividenddata.com/funds/pmfb/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.