PGIM Laddered Nasdaq-100 Buffer 12 ETF
PGIM Laddered Nasdaq-100 Buffer 12 ETF (NASDAQ: PBQQ) is an exchange-traded fund listed on NASDAQ, trading at $32.40 (about ₹3,113 a unit) as of 30 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.5%. Indian residents can buy PBQQ through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$32.40
Today's high
$32.51
52 week low
$27.77
52 week high
$32.51
PBQQ opened at $32.40, closed previously at $32.37, and has traded between $27.77 and $32.51 over the past 52 weeks.
About
PBQQ represents a distinct investment vehicle, functioning as a portfolio of structured outcome exchange-traded funds (ETFs). It comprises a quartet of underlying equity protection funds, each designed to track the performance of the Nasdaq-100 index (via the QQQ ETF). These individual funds offer a predefined range of outcomes, setting an upper limit on potential gains while providing insulation against the initial 12% of losses. PBQQ strategically allocates its capital equally across these four underlying ETFs, which are characterized by staggered expiration profiles: one ETF's options mature in approximately three months, another in six, a third in nine, and the final one in twelve months. Unlike the annual reset common for individual buffer funds, PBQQ employs a rolling renewal cycle, refreshing its components roughly every 90 days. During each quarterly refresh, one of the underlying ETFs recalibrates its upside cap and downside buffer. This methodical approach ensures perpetual risk mitigation for PBQQ, effectively smoothing out market timing dependencies often associated with shorter-term buffer strategies. For investor transparency, daily updates regarding the fund's exposure to its underlying ETFs, along with current cap and buffer levels, are readily accessible on the issuer's website.
Key statistics
Expense ratio
0.5%
Assets (AUM)
$94.5M
Holdings
—
NAV
$32.37
Avg. volume
—
1-year price change
+15.40%
5-year price change
—
Price change excludes dividends.
Top 8 holdings
These 8 are 100.0% of the fund.
Where the money is invested
Countries
How to buy PBQQ from India
Indian residents can buy PBQQ units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search PBQQ and buy
Find the fund by its ticker, PBQQ, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in PBQQ from India
Trading and taxes when buying PBQQ from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the PBQQ price today?
PGIM Laddered Nasdaq-100 Buffer 12 ETF (PBQQ) last traded at $32.40 on NASDAQ, as of 30 Sep 2026, 4:00 PM ET. That is ₹3,113 a unit at the 29 Sep 2026 USD/INR rate.
When does PBQQ trade, in Indian time?
NASDAQ trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is PBQQ, and what does it cost to hold?
PGIM Laddered Nasdaq-100 Buffer 12 ETF manages about $94.5M. Its expense ratio is 0.5% a year, deducted inside the fund. It launched in 2024.
What are PBQQ's largest holdings?
The top three are PGIM NASDAQ-100 BUFFER 12 ETF - OCTOBER (25.0%), PGIM NASDAQ-100 BUFFER 12 ETF - JANUARY (25.0%) and PGIM NASDAQ-100 BUFFER 12 ETF - APRIL (25.0%). PBQQ's 8 largest positions make up 100.0% of the fund.
Does PBQQ pay dividends?
Yes. PBQQ is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India.
How are gains on PBQQ taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of PBQQ?
Yes. You can buy PBQQ by amount rather than by whole unit, and there is no minimum trade size.
How has PBQQ performed?
PBQQ's price is up 15.4% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.