PBFR vs. GAL ETF Comparison

Comparison of PGIM Laddered Fund of Buffer 20 ETF (PBFR) to SPDR SSgA Global Allocation ETF (GAL)

PBFR

PGIM Laddered Fund of Buffer 20 ETF

PBFR Description

The fund seeks to achieve its investment objective by providing investors with U.S. large-cap equity market exposure while attempting to limit downside risk through a "laddered portfolio" of twelve PGIM US Large-Cap Buffer 20 ETFs. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in ETFs.

Grade (RS Rating)

Last Trade

$25.76

Average Daily Volume

2,430

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

GAL

SPDR SSgA Global Allocation ETF

GAL Description

The investment seeks to provide capital appreciation. The fund invests substantially all of its assets in the SSgA Global Allocation Portfolio (the "Portfolio"), a separate series of the SSgA Master Trust with an identical investment objective as the fund. As a result, the fund invests indirectly through the Portfolio. The Portfolio typically allocates approximately 60% of its assets to equity securities, though this percentage can vary based on the Adviser's tactical decisions.

Grade (RS Rating)

Last Trade

$44.82

Average Daily Volume

11,046

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	PBFR	GAL
30 Days	0.63%	0.68%
60 Days	1.76%	2.50%
90 Days	2.35%	3.54%
12 Months		16.58%

0 Overlapping Holdings

	Symbol	Grade	Weight in PBFR	Weight in GAL	Overlap

PBFR Overweight 10 Positions Relative to GAL

	Symbol	Grade	Weight
	PBAP	A	8.34%
	PBJN	B	8.33%
	PBMR	A	8.31%
	PBAU	D	8.3%
	PBMY	B	8.3%
	PBNV	C	8.29%
	PBJL	D	8.29%
	PBDE	C	8.28%
	PBOC	C	8.28%
	PBFB	B	8.27%

PBFR Underweight 9 Positions Relative to GAL

	Symbol	Grade	Weight
	TIPX	A	-3.97%
	GWX	B	-3.0%
	EBND	A	-2.99%
	IBND	A	-2.98%
	XLC	A	-2.02%
	MDY	C	-2.0%
	SRLN	A	-1.49%
	EMHC	A	-1.49%
	BWX	A	-0.99%

PBFR: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Funds Index Fund Investment Management SPDR Synthetic Replication Betashares Dividend Exchange Traded Products S&P 500 Spy

GAL: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bond Market Indices Index Fund Bond Bond Market State Street Global Advisors Barclays Blackstone Bloomberg Barclays Us Aggregate Bond Index Bloomberg L.P. Bond Market Index Emerging Market Exchange Traded Funds Global Industry Classification Standard Inflation Indexed Bond Interactive Media Investment Management Ishares Management Cybernetics