How far can JANU fall before the buffer helps?

9.1% in fund-price terms on Sep 4, 2026, by the issuer's figure. In index terms SPY can fall 11.5% from that level before the buffer begins. Losses until that point are the holder's.

How much of the JANU buffer is left?

15.0% of the 15.0% buffer sat below the SPY level on Sep 4, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

When does JANU reset?

The outcome period ends on Dec 31, 2026, 118 days from the data on Sep 4, 2026. A new cap is set the next day and the buffer starts again.

The prospectus expense ratio is 0.74% a year.

Data as of Sep 4, 2026. Issuer-published figures as of the date shown; ETFIQ calculations marked. Definitions on the learn page.

JANU · AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jan

Name: ETFIQ buffer desk record for JANU
Creator: ETFIQ
License: https://etfiq.com/standards/

AllianzIM · Buffer desk

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The fund's price can fall 9.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 11.5% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 118 days remained on Sep 4, 2026. On Dec 31, 2026 the period ends and a new cap is set.

JANU (AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jan), buffer desk fields as of Sep 4, 2026. Source: ETFIQ.
Reference index	SPY
Buffer
Outcome period	Jan 1, 2026 to Dec 31, 2026
Starting cap	not published
SPY return since period start	+12.9%
Fund return since period start	+9.1%
Band state today (ETFIQ)	Open
Can still gain (issuer, fund price)	not published
Fall before buffer (issuer, fund price)	9.1%
Fall to the buffer in index terms (ETFIQ)	11.5%
Protection left in index points (ETFIQ)	15.0% of 15.0%
Days left in period	118
Expense ratio	0.74%

Questions people ask

How far can JANU fall before the buffer helps?: 9.1% in fund-price terms on Sep 4, 2026, by the issuer's figure. In index terms SPY can fall 11.5% from that level before the buffer begins. Losses until that point are the holder's.
How much of the JANU buffer is left?: 15.0% of the 15.0% buffer sat below the SPY level on Sep 4, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
When does JANU reset?: The outcome period ends on Dec 31, 2026, 118 days from the data on Sep 4, 2026. A new cap is set the next day and the buffer starts again.
What does JANU cost?: The prospectus expense ratio is 0.74% a year.

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

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JANU outcome band, ETFIQ

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<p><a href="https://etfiq.com/funds/JANU.html">JANU outcome band, updated daily by ETFIQ</a></p>

Cite this page. ETFIQ, JANU on the buffer desk, data as of Sep 4, 2026. https://etfiq.com/funds/JANU.html Free to use with attribution; the underlying files are at Open data.

ETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, and it makes no recommendations; sort orders and figures are stated arithmetic on published data. Standards · How to read this desk