# SEPP (PGIM S&P 500 Buffer 12 ETF - September)

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

As of Sep 11, 2026, SEPP's buffer is absorbing losses, with 11.6% of 12.0% points still beneath SPY.

## Key facts

- SEPP, can still gain: 15.5%, as of Sep 11, 2026.
- SEPP, fall before the buffer: 0.3%, as of Sep 11, 2026.
- SEPP, protection left, index points: 11.6%, as of Sep 11, 2026.
- SEPP, days to reset: 354, as of Sep 11, 2026.
- SEPP, net assets: $29m (issuer page, as of Sep 11, 2026).
- SEPP, expense ratio: 0.50% (issuer data, Sep 11, 2026).

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 12% | ETFIQ |
| Outcome period | Sep 1, 2026 to Aug 31, 2027 | ETFIQ |
| Starting cap | +15.9% | ETFIQ |
| SPY return since period start | −0.4% | ETFIQ |
| Fund return since period start | −0.2% | ETFIQ |
| Net assets | $29m | issuer page, as of Sep 11, 2026 |
| Band state today | Buffer working | ETFIQ |
| Can still gain | 15.5% | issuer, fund price |
| Fall before buffer | 0.3% | issuer, fund price |
| Fall to the buffer in index terms | 0.0% | ETFIQ |
| Protection left in index points | 11.6% of 12.0% | ETFIQ |
| Days left in period | 354 | ETFIQ |
| Expense ratio | 0.50% | issuer data, Sep 11, 2026 |

## Questions

### How much can SEPP still gain?

About 15.5% from its price on Sep 11, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +15.9%.

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

0.3% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 0.0% from that level before the buffer begins. Losses until that point are the holder's.

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

11.6% of the 12.0% 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 SEPP reset?

The outcome period ends on Aug 31, 2027, 354 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does SEPP cost?

The prospectus expense ratio is 0.50% a year.


## Cite this page

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

HTML: https://etfiq.com/funds/SEPP  ·  JSON: https://etfiq.com/funds/SEPP.json