PBAU Fees and Costs — PGIM S&P 500 Buffer 20 ETF - August
Data updated: 2026-10-01
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1K in broker commissions, 0.0153% of average net assets, and portfolio turnover was 0%.
PBAU Fees and Expenses
Annual operating expenses and sales charges of PBAU. Prospectus, as of October 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PBAU Costs Over Time
On $10,000 invested in PBAU, assuming 5% a year before costs, total costs come to $325 over 5 years, cutting the return by 0.54% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $54 | $178 | $325 |
| Value after costs | $10,446 | $11,398 | $12,437 |
| Impact on return, per year | 0.54% | 0.54% | 0.54% |
PBAU Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0153%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $7.9M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
PBAU Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| X-CHANGE FINANCIAL ACCESS, LLC | $1K | 100.00% |
PBAU Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MAREX CAPITAL MARKETS INC. | $7.1M | 89.20% |
| GOLDMAN SACHS & CO. LLC | $568K | 7.17% |
| BOFA SECURITIES, INC. | $288K | 3.63% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.