# PQAP (PGIM Nasdaq-100 Buffer 12 ETF - April)

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

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

## Key facts

- PQAP, past the cap, price drift left: 6.4%, as of Sep 11, 2026.
- PQAP, fall before the buffer: 11.2%, as of Sep 11, 2026.
- PQAP, protection left, index points: 12.0%, as of Sep 11, 2026.
- PQAP, days to reset: 201, as of Sep 11, 2026.
- PQAP, net assets: $30m (issuer page, as of Sep 11, 2026).
- PQAP, expense ratio: 0.50% (issuer data, Sep 11, 2026).

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | QQQ | ETFIQ |
| Buffer | 12% | ETFIQ |
| Outcome period | Apr 1, 2026 to Mar 31, 2027 | ETFIQ |
| Starting cap | +19.7% | ETFIQ |
| QQQ return since period start | +23.9% | ETFIQ |
| Fund return since period start | +12.0% | ETFIQ |
| Net assets | $30m | issuer page, as of Sep 11, 2026 |
| Band state today | At cap | ETFIQ |
| Can still gain | 6.4% | issuer, fund price |
| Fall before buffer | 11.2% | issuer, fund price |
| Fall to the buffer in index terms | 19.3% | ETFIQ |
| Protection left in index points | 12.0% of 12.0% | ETFIQ |
| Days left in period | 201 | ETFIQ |
| Expense ratio | 0.50% | issuer data, Sep 11, 2026 |

## Questions

### How much can PQAP still gain?

Nothing more in index terms on Sep 11, 2026. QQQ has already passed the cap of +19.7% for this period, which runs from Apr 1, 2026 to Mar 31, 2027.

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

11.2% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms QQQ can fall 19.3% from that level before the buffer begins. Losses until that point are the holder's.

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

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

### When does PQAP reset?

The outcome period ends on Mar 31, 2027, 201 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does PQAP cost?

The prospectus expense ratio is 0.50% a year.


## Cite this page

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

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