There are 3 prongs for 3 hole punched papers, but the prongs attached to the front cover, so when you open the cover, you get to see the back of the last page and the pocket at the end instead of the first page

This product uses 3 sheet fasteners, so it will be necessary to punch holes in the paperin order to keep the paper in the covers

Each folder in this 5 pack can hold 50 sheets of 3-hole punched paper and there is an extra document pocket capable of storing 30 sheets

These 3-hole punched report covers nicely fills the niche where you need presentation folders a grade or two higher than bulk manila folders but nothing so fancy to make you cringe at the sight of the price tag