# PBNV (PGIM S&P 500 Buffer 20 ETF - November)

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

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

## Key facts

- PBNV, past the cap, price drift left: 1.9%, as of Sep 11, 2026.
- PBNV, fall before the buffer: 8.6%, as of Sep 11, 2026.
- PBNV, protection left, index points: 20.0%, as of Sep 11, 2026.
- PBNV, days to reset: 50, as of Sep 11, 2026.
- PBNV, net assets: $36m (issuer page, as of Sep 11, 2026).
- PBNV, expense ratio: 0.50% (issuer data, Sep 11, 2026).

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 20% | ETFIQ |
| Outcome period | Nov 1, 2025 to Oct 31, 2026 | ETFIQ |
| Starting cap | +11.5% | ETFIQ |
| SPY return since period start | +12.1% | ETFIQ |
| Fund return since period start | +8.8% | ETFIQ |
| Net assets | $36m | issuer page, as of Sep 11, 2026 |
| Band state today | At cap | ETFIQ |
| Can still gain | 1.9% | issuer, fund price |
| Fall before buffer | 8.6% | issuer, fund price |
| Fall to the buffer in index terms | 10.8% | ETFIQ |
| Protection left in index points | 20.0% of 20.0% | ETFIQ |
| Days left in period | 50 | ETFIQ |
| Expense ratio | 0.50% | issuer data, Sep 11, 2026 |

## Questions

### How much can PBNV still gain?

Nothing more in index terms on Sep 11, 2026. SPY has already passed the cap of +11.5% for this period, which runs from Nov 1, 2025 to Oct 31, 2026.

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

8.6% 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 PBNV 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 PBNV reset?

The outcome period ends on Oct 31, 2026, 50 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does PBNV cost?

The prospectus expense ratio is 0.50% a year.


## Cite this page

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

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