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About SHL Telemedicine Ltd PGIM Laddered Fund of Buffer 20 ETF
Expense ratio
0.50%
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Inception date
Jun 12, 2024
PBFR is a basket of defined outcome buffer ETFs. The fund consists of 12 equity buffer funds, each of which has exposure to SPYs capped gains and 20% buffered losses. PBFR will invest equally in the underlying ETFs, holding one ETF with options expiring within one month, a second ETF with options expiring within two months, a third ETF with options expiring within three months, and so on, until a 12th ETF with options expiring within 12 months. Unlike the underlying equity buffer funds that reset annually on a specific month, PBFR refreshes monthly, with one of the underlying ETFs resetting its cap and refreshing its buffer. This creates a continuous hedge for PBFR regardless of each underlying ETFs outcome period. The approach reduces the timing risks associated with a monthly buffer strategy. Information on the fund exposure to the underlying ETFs and remaining cap and buffer are provided daily on the issuers website.
Classification
What's in the fund
Exposure type
ETF
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