# PBDE (PGIM S&P 500 Buffer 20 ETF - December)

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

As of Sep 11, 2026, PBDE has reached its cap.

## Key facts

- PBDE, past the cap, price drift left: 2.5%, as of Sep 11, 2026.
- PBDE, fall before the buffer: 7.8%, as of Sep 11, 2026.
- PBDE, protection left, index points: 20.0%, as of Sep 11, 2026.
- PBDE, days to reset: 80, as of Sep 11, 2026.
- PBDE, net assets: $38m (issuer page, as of Sep 11, 2026).
- PBDE, expense ratio: 0.50% (issuer data, Sep 11, 2026).

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 20% | ETFIQ |
| Outcome period | Dec 1, 2025 to Nov 30, 2026 | ETFIQ |
| Starting cap | +11.1% | ETFIQ |
| SPY return since period start | +11.8% | ETFIQ |
| Fund return since period start | +7.9% | ETFIQ |
| Net assets | $38m | issuer page, as of Sep 11, 2026 |
| Band state today | At cap | ETFIQ |
| Can still gain | 2.5% | issuer, fund price |
| Fall before buffer | 7.8% | issuer, fund price |
| Fall to the buffer in index terms | 10.6% | ETFIQ |
| Protection left in index points | 20.0% of 20.0% | ETFIQ |
| Days left in period | 80 | ETFIQ |
| Expense ratio | 0.50% | issuer data, Sep 11, 2026 |

## Questions

### How much can PBDE still gain?

Nothing more in index terms on Sep 11, 2026. SPY has already passed the cap of +11.1% for this period, which runs from Dec 1, 2025 to Nov 30, 2026.

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

7.8% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 10.6% from that level before the buffer begins. Losses until that point are the holder's.

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

20.0% of the 20.0% 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 PBDE reset?

The outcome period ends on Nov 30, 2026, 80 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does PBDE cost?

The prospectus expense ratio is 0.50% a year.


## Cite this page

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

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