Loading fund…
Loading fund…
| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▲ +0.3% | ▲ +0.8% | ▲ +1.7% | ▲ +8.9% | ▲ +8.0% | ▲ +55.4% | — | ▲ +38.1% |
| Peer average | — | — | — | — | — | — | — | — |
| S&P 500 · VOO | ▼ −0.4% | ▲ +0.9% | ▲ +3.3% | ▲ +13.8% | ▲ +13.3% | ▲ +88.8% | ▲ +81.9% | — |
Reported holdings are shown below. A share-of-fund chart is unavailable for this portfolio.
Holdings as of 2026-10-30. Derivatives are shown using their reported instrument names.
| Holding | Instrument | Weight |
|---|---|---|
| UNITED STATES TREASURY NOTE/BOND | Reported holding | 22.12% |
| 4SPY US 10/25/30 C675 | Reported holding | 21.38% |
| UNITED STATES TREASURY NOTE/BOND | Reported holding | 19.27% |
| 4SPY US 01/31/31 C700 | Reported holding | 9.12% |
| VGITVANGUARD INTERMEDIATE-TERM TREASURY ETF | Reported holding | 8.27% |
| US Dollar | Reported holding | 7.70% |
| UNITED STATES TREASURY NOTE/BOND | Reported holding | 4.82% |
| (PIPA070) PGIM Core Government Money Market Fund | Reported holding | 3.65% |
| UNITED STATES TREASURY BILL | Reported holding | 1.51% |
| UNITED STATES TREASURY BILL | Reported holding | 1.48% |
| VOOVANGUARD S&P 500 ETF | Reported holding | 0.56% |
| Net Current Assets | Reported holding | 0.11% |
| S&P500 EMINI FUT DEC26 | Reported holding | 0.02% |
| UNITS | Reported holding | 0.00% |
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.
Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.
| Ex-date | Pay date | Per share |
|---|---|---|
| 2025-12-30 | 2026-01-02 | $0.68 |
| 2024-12-27 | 2025-01-03 | $1.94 |
| 2023-12-27 | 2024-01-03 | $2.04 |
| 2022-12-28 | 2023-01-04 | $0.04 |
Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.
Historical risk measures describe past behavior and do not predict future returns.
Hear the strategy from the people behind PBL.