# PBMR (PGIM S&P 500 Buffer 20 ETF - March )

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

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

## Key facts

- PBMR, past the cap, price drift left: 4.3%, as of Sep 11, 2026.
- PBMR, fall before the buffer: 6.0%, as of Sep 11, 2026.
- PBMR, protection left, index points: 20.0%, as of Sep 11, 2026.
- PBMR, days to reset: 170, as of Sep 11, 2026.
- PBMR, net assets: $36m (issuer page, as of Sep 11, 2026).
- PBMR, expense ratio: 0.50% (issuer data, Sep 11, 2026).

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 20% | ETFIQ |
| Outcome period | Mar 1, 2026 to Feb 28, 2027 | ETFIQ |
| Starting cap | +10.9% | ETFIQ |
| SPY return since period start | +11.4% | ETFIQ |
| Fund return since period start | +5.8% | ETFIQ |
| Net assets | $36m | issuer page, as of Sep 11, 2026 |
| Band state today | At cap | ETFIQ |
| Can still gain | 4.3% | issuer, fund price |
| Fall before buffer | 6.0% | issuer, fund price |
| Fall to the buffer in index terms | 10.2% | ETFIQ |
| Protection left in index points | 20.0% of 20.0% | ETFIQ |
| Days left in period | 170 | ETFIQ |
| Expense ratio | 0.50% | issuer data, Sep 11, 2026 |

## Questions

### How much can PBMR still gain?

Nothing more in index terms on Sep 11, 2026. SPY has already passed the cap of +10.9% for this period, which runs from Mar 1, 2026 to Feb 28, 2027.

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

6.0% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 10.2% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the PBMR 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 PBMR reset?

The outcome period ends on Feb 28, 2027, 170 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does PBMR cost?

The prospectus expense ratio is 0.50% a year.


## Cite this page

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

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