# JANP (PGIM S&P 500 Buffer 12 ETF - January)

PGIM · Buffer ETFs · data as of Sep 11, 2026

As of Sep 11, 2026, JANP sits between its buffer and its cap, with SPY up 12.1% since the period began.

## Key facts

- JANP, can still gain: 4.3%, as of Sep 11, 2026.
- JANP, fall before the buffer: 8.5%, as of Sep 11, 2026.
- JANP, protection left, index points: 12.0%, as of Sep 11, 2026.
- JANP, days to reset: 111, as of Sep 11, 2026.
- JANP, net assets: $51m (issuer page, as of Sep 11, 2026).
- JANP, expense ratio: 0.50% (issuer data, Sep 11, 2026).

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 12% | ETFIQ |
| Outcome period | Jan 1, 2026 to Dec 31, 2026 | ETFIQ |
| Starting cap | +13.9% | ETFIQ |
| SPY return since period start | +12.1% | ETFIQ |
| Fund return since period start | +8.7% | ETFIQ |
| Net assets | $51m | issuer page, as of Sep 11, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 4.3% | issuer, fund price |
| Fall before buffer | 8.5% | issuer, fund price |
| Fall to the buffer in index terms | 10.8% | ETFIQ |
| Protection left in index points | 12.0% of 12.0% | ETFIQ |
| Days left in period | 111 | ETFIQ |
| Expense ratio | 0.50% | issuer data, Sep 11, 2026 |

## Questions

### How much can JANP still gain?

About 4.3% from its price on Sep 11, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +13.9%.

### How far can JANP fall before the buffer helps?

8.5% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 10.8% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the JANP buffer is left?

12.0% of the 12.0% buffer sat below the SPY level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does JANP reset?

The outcome period ends on Dec 31, 2026, 111 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does JANP cost?

The prospectus expense ratio is 0.50% a year.


## Cite this page

ETFIQ, JANP, data as of Sep 11, 2026. https://etfiq.com/funds/JANP
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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