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About PGIM Portfolio Ballast ETF
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Inception date
Dec 12, 2022
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
PGIM Investments LLC
Distributor
Prudential Investment Management Services LLC
PBL aims, on average, to capture 60% of the performance of the S&P 500 during appreciating equity markets and 30% of the performance in declining equity markets. The fund does not directly invest in equity securities. The fund holds various derivative positions, such as listed and FLEX options, futures, and swaps on the S&P 500 Index, related ETFs, and US Treasuries to provide the desired exposure. The funds advisor relies on their own internal research in evaluating the relative attractiveness of equities versus fixed income to position the portfolio. Performance return of the fund will be based on the strategic positioning and active management of the underlying derivatives. As such, the fund will engage in active trading, especially during times of increased volatility. The strategy has been available in a mutual fund wrapper from the issuer for some time.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Rights & Warrants
Cash
Bonds, Cash & Other100.00%
Government56.50%
Rights & Warrants23.07%
Cash19.52%
ETF0.91%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PBL last dividends amounted to 0.60 USD. The year before, the issuer paid 0.71 USD in dividends, which shows a 18.09% decrease.
PBL assets under management is 62.00 M USD. It's risen 3.06% over the last month.
PBL fund flows account for 15.47 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PBL pays dividends to its holders with the dividend yield of 2.07%. The last dividend (Jan 3, 2025) amounted to 1.94 USD. The dividends are paid annually.
PBL shares are issued by Prudential Financial, Inc. under the brand PGIM. The ETF was launched on Dec 12, 2022, and its management style is Active.
PBL expense ratio is 0.45% meaning you'd have to pay 0.45% of your investment to help manage the fund.
PBL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PBL invests in bonds.
PBL price has risen by 3.10% over the last month, and its yearly performance shows a 2.56% increase. See more dynamics on PBL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.10% over the last month, showed a 6.70% increase in three-month performance and has increased by 2.61% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.10% over the last month, showed a 6.70% increase in three-month performance and has increased by 2.61% in a year.
PBL trades at a premium (0.15%) meaning the ETF is trading at a higher price than the calculated NAV.