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Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PGIM Portfolio Ballast ETF

PBL | Active ETF

$30.30

$50 M

2.98%

$0.90

0.45%

Vitals

YTD Return

17.9%

1 yr return

18.0%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$50 M

Holdings in Top 10

100.1%

52 WEEK LOW AND HIGH

$30.1
$25.36
$31.06

Expenses

OPERATING FEES

Expense Ratio 0.45%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PGIM Portfolio Ballast ETF

PBL | Active ETF

$30.30

$50 M

2.98%

$0.90

0.45%

PBL - Profile

Distributions

  • YTD Total Return 17.9%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    PGIM Portfolio Ballast ETF
  • Fund Family Name
    Prudential
  • Inception Date
    Dec 12, 2022
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund seeks to participate in the upside returns of the stock market while limiting volatility and downside losses. In seeking to achieve the Fund’s investment objective, the Fund seeks to reduce volatility over the course of a full market cycle as compared to the equity market, which the Fund defines as the S&P 500® Index. The Fund’s strategy is designed to provide participation in the equity markets during periods in which the market is rising while limiting losses in periods of market downturn.The Fund will generally seek to gain exposure to the stock market through listed options on the S&P 500® Index (SPX) or SPDR® S&P 500 ETF (SPY), and through S&P 500® Index futures contracts, while simultaneously holding investments in U.S. Treasuries, U.S. Treasury futures contracts, and cash and cash equivalents to provide fixed income exposure. The Fund will invest in nonstandard SPX or SPY options that allow the subadviser to select terms including expiration date, option type (put or call), exercise style (American or European), strike price, premium, trading hours and exercise settlement (A.M. or P.M.-settled), among others. The Fund may also invest in other ETFs or mutual funds to gain exposure to equity or fixed income securities. There are no limits on the amount of assets the Fund can invest in equity or fixed income investments, or investments that provide exposure to the same, however, under normal market conditions the subadviser expects to invest up to 35% of the Fund’s total assets in investments that provide exposure to the equities markets and up to 90% of the Fund’s total assets in fixed income investments and investments that provide exposure to fixed income. The Fund is an actively managed exchange-traded fund (“ETF”) and therefore does not seek to replicate the performance of any specified index.The Fund seeks to capture 60% of the performance of the S&P 500 on average in appreciating equity markets and to capture 30% of the performance of the S&P 500 on average in declining equity markets over a market cycle. Market cycle is defined as a period approximately from an equity market peak to bottom and back to peak again that typically aligns with the business cycle. The Fund seeks to meet these objectives through strategic portfolio design as well as active portfolio management. The portfolio holds long dated S&P 500 FLEX options that provide upside participation in rising equity markets and a floor on downside participation in declining equity markets (e.g., the option premium). The call options are complemented in the portfolio with exposure to U.S. Treasuries and Treasury futures which provide diversification to the equity exposure. The subadviser actively monitors and periodically rebalances both the equity and fixed income exposures in response to changing market conditions with the goal of capturing upside gains and limiting downside losses. When determining the allocation and when to rebalance, the subadviser takes into account, among other factors: interest rates, the portfolio’s equity exposure, the percentage of the portfolio invested in options, the current level of the S&P 500® Index, the volatility of S&P 500® Index options, bond and dividend yields, the delta of the portfolio’s options positions (which is a measure of the sensitivity of the portfolio’s option prices to changes in price of the S&P 500® Index), and time to maturity of the options. The subadviser also considers internal research generated by its asset allocation team when evaluating the relative attractiveness of equity versus fixed income exposure. In selecting investments for the Fund, the subadviser will evaluate overall investment opportunities and risks among the types of investments the Fund may hold.The Fund may invest in other derivative instruments, including futures, forwards, options, swaps, and options on swaps, to try to enhance return or to try to reduce (“hedge”) investment risks.The Fund engages in active trading—that is, frequent trading of its securities—in order to take advantage of new investment opportunities. The Fund expects to be more heavily involved in active trading during periods of market volatility seeking to preserve gains or limit losses.The Fund is “non-diversified” for purposes of the Investment Company Act of 1940 (the “1940 Act”), which means that it can invest a greater percentage of its assets in fewer issuers than a “diversified” fund.
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PBL - Performance

Return Ranking - Trailing

Period PBL Return Category Return Low Category Return High Rank in Category (%)
YTD 17.9% N/A N/A N/A
1 Yr 18.0% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period PBL Return Category Return Low Category Return High Rank in Category (%)
2023 5.9% N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period PBL Return Category Return Low Category Return High Rank in Category (%)
YTD 17.9% N/A N/A N/A
1 Yr 18.0% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period PBL Return Category Return Low Category Return High Rank in Category (%)
2023 14.3% N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

PBL - Holdings

Concentration Analysis

PBL Category Low Category High PBL % Rank
Net Assets 50 M N/A N/A N/A
Number of Holdings 12 N/A N/A N/A
Net Assets in Top 10 46.7 M N/A N/A N/A
Weighting of Top 10 100.12% N/A N/A N/A

Top 10 Holdings

  1. United States Treasury Bill 46.91%
  2. United States Treasury Bill 24.79%
  3. SPDR SP 500 ETF TRUST 15.04%
  4. (PIPA070) PGIM Core Government Money Market Fund 6.58%
  5. SPDR SP 500 ETF TRUST 3.88%
  6. SPDR SP 500 ETF TRUST 2.87%
  7. SP500 EMINI 0.13%
  8. US 2YR NOTE (CBT) -0.01%
  9. US LONG BOND(CBT) -0.04%
  10. US ULTRA BOND CBT -0.04%

Asset Allocation

Weighting Return Low Return High PBL % Rank
Bonds 		71.70% N/A N/A N/A
Other 		21.69% N/A N/A N/A
Cash 		6.61% N/A N/A N/A
Stocks 		0.00% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High PBL % Rank
Derivative 		21.69% N/A N/A N/A
Cash & Equivalents 		6.58% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High PBL % Rank
US 		71.70% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

PBL - Expenses

Operational Fees

PBL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% N/A N/A N/A
Management Fee 0.45% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

PBL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

PBL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PBL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

PBL - Distributions

Dividend Yield Analysis

PBL Category Low Category High PBL % Rank
Dividend Yield 2.98% N/A N/A N/A

Dividend Distribution Analysis

PBL Category Low Category High Category Mod
Dividend Distribution Frequency None

Net Income Ratio Analysis

PBL Category Low Category High PBL % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

PBL Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

PBL - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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