PGIM Laddered S&P 500 Buffer 12 ETF
BUFP
Chicago Board Options Exchange- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- Michael Skillman
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 655 Broad Street Newark NJ United States of America 7102
- IPO Date
- Jun 13, 2024
- CIK
- 0001992104
- Website
- pgim.com
- Similar Companies
- Business
- PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) is an exchange-traded fund that provides investors with U.S. large-cap equity market exposure through a laddered portfolio of twelve PGIM US Large-Cap Buffer 12 ETFs, each designed to offer limited downside protection of up to 12% against declines in the S&P 500 Index over specific one-year outcome periods with corresponding upside caps on capital appreciation; the fund maintains an approximately equal weighting in these underlying ETFs, rebalanced quarterly, and invests at least 80% of its net assets in such securities under normal market conditions. Launched on June 11, 2024, BUFP carries a net expense ratio of 0.50%, positioning it as one of the lowest-cost funds of buffer ETFs available, and is subadvised by PGIM Quantitative Solutions, with management by Marco Aiolfi, Lorne Johnson, and John Hall. The ETF, listed on the Cboe BZX Exchange, targets capital appreciation while navigating market volatility through its defined outcome strategy focused on large-cap U.S. equities. As part of PGIM Investments, the global investment management business of Prudential Financial, Inc. (NYSE: PRU) headquartered in Newark, New Jersey and managing approximately $1.34 trillion in assets, BUFP complements PGIM's expanding suite of outcome-oriented ETFs, including the simultaneous launch of the companion PGIM Laddered Fund of Buffer 20 ETF (PBFR). Recent developments include PGIM's September 2025 strategic alliance with Partners Group to expand private markets offerings for individual and institutional clients, blending public and private assets, alongside ongoing growth in its ETF lineup following the accelerated rollout of its monthly buffer ETF series. The fund serves investors seeking diversified buffer protection across rolling outcome periods, with total net assets around $47-52 million and shares outstanding near 1.67 million as of late 2024.