# JANU (AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jan)

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

As of Sep 11, 2026, JANU has no cap on its upside, and resets in 111 days.

## Key facts

- JANU, can still gain: uncapped, as of Sep 11, 2026.
- JANU, fall before the buffer: 8.5%, as of Sep 11, 2026.
- JANU, protection left, index points: 15.0%, as of Sep 11, 2026.
- JANU, days to reset: 111, as of Sep 11, 2026.
- JANU, net assets: $78m (issuer page, as of Sep 10, 2026).
- JANU, expense ratio: 0.74% (issuer page, Sep 11, 2026).

## JANU over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +1.9% | +3.3% | −1.4 pts |
| 6 months | +10.6% | +16.0% | −5.4 pts |
| 1 year | +11.9% | +17.5% | −5.6 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 15% | ETFIQ |
| Outcome period | Jan 1, 2026 to Dec 31, 2026 | ETFIQ |
| Starting cap | uncapped | ETFIQ |
| SPY return since period start | +12.1% | ETFIQ |
| Fund return since period start | +8.4% | ETFIQ |
| Net assets | $78m | issuer page, as of Sep 10, 2026 |
| Band state today | Uncapped | ETFIQ |
| Can still gain | uncapped | issuer, fund price |
| Fall before buffer | 8.5% | issuer, fund price |
| Fall to the buffer in index terms | 10.8% | ETFIQ |
| Protection left in index points | 15.0% of 15.0% | ETFIQ |
| Days left in period | 111 | ETFIQ |
| Expense ratio | 0.74% | issuer page, Sep 11, 2026 |

## Questions

### Does JANU have a cap?

No. JANU takes a share of any further rise in SPY, so there is no ceiling on the upside this period.

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

8.5% 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 JANU buffer is left?

15.0% of the 15.0% 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 JANU reset?

The outcome period ends on Dec 31, 2026, 111 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does JANU cost?

The prospectus expense ratio is 0.74% a year.


## Cite this page

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

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