SEPP PGIM S&P 500 Buffer 12 ETF - September
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Since Sep 1, 2026, SEPP returned 0.9%, against SPY's 0.7% price return. It can gain 14.3% more before its cap.
Promise check: Not measuredNo outcome period of its has finished in ETFIQ's record (snapshots from Sep 4, 2026).
SEPP risk and return scorecard
vs SPY · May 2024 to Oct 2026 · 126 weekly returns · dividend-adjusted
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data
Money in and out
Net fund flows · Oct 27, 2026What you earned
Where does it stand in this outcome period?
Outcome period Sep 1, 2026 to Aug 31, 2027More on SEPP
Every number below is on this page. Open what you need.Price, 1 year
$33.44+0.1%1 day, priceClose, Oct 28, 2026
Price only. No distribution was paid over these days, so total return is the same. Computed by ETFIQ from Tiingo daily prices.
Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error
Points (pts) are percentage points.
| Window | Total return | SPY price return | Gap to SPY |
|---|---|---|---|
| 1M Sep 28 – Oct 28, 2026 | +0.7% | +0.9% | −0.2 pts |
| 3M Jul 29 – Oct 28, 2026 | +3.1% | +5.9% | −2.8 pts |
| 6M Apr 29 – Oct 28, 2026 | +5.9% | +8.5% | −2.6 pts |
| YTD Dec 31, 2025 – Oct 28, 2026 | +9.3% | +13.3% | −4.0 pts |
| 1Y Oct 28, 2025 – Oct 28, 2026 | +10.2% | +12.4% | −2.2 pts |
| Since launch May 15, 2024 – Oct 28, 2026 | +33.1% | +45.8% | −12.7 pts |
| Since launch, annualised May 15, 2024 – Oct 28, 2026 | +12.3% | – | – |
Total returns, distributions reinvested. SPY's column is its price return, dividends left out: the basis the outcome period uses. Listed May 2024: no 3 years windows.
Source: Tiingo end-of-day prices, with distributions reinvested.
SEPP: reference +0.7% since period start, fund +0.9%; buffer 0 to −12; cap +15.9%; Between buffer and cap. Data to Oct 28, 2026.
How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed
SEPP absorbs 60% of the next 20% fall in what it tracks. It has 15.1% of upside left in index terms, 95% of the cap it started with.
Money in and out
Daily data · as of Oct 27, 2026SEPP: in the 15 trading days to Oct 27, 2026, net $6.3m came in, over 14 of 15 trading days.
Oct 27, 2026
Oct 21, 2026 to Oct 27, 2026
Aug 1, 2025 to Jul 31, 2026
monthly, from SEC filings
monthly, from SEC filings
SEPP, net flow each trading day over the 65 sessions from Jul 28, 2026 to Oct 27, 2026: money came in on 5 days and went out on 0 days, of the 14 days with daily data; the other 51 have none. Before Oct 7, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
In on 5 days, out on 0. 51 days missing.
SEPP, net flow each trading day over the 251 sessions from Oct 28, 2025 to Oct 27, 2026: money came in on 5 days and went out on 0 days, of the 14 days with daily data; the other 237 have none. Before Oct 7, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
In on 5 days, out on 0. 237 days missing.
SEPP, net flow each trading day over the 400 sessions from Mar 26, 2025 to Oct 27, 2026: money came in on 5 days and went out on 0 days, of the 14 days with daily data; the other 386 have none. Before Oct 7, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
In on 5 days, out on 0. 386 days missing.
Daily data starts Oct 7, 2026.
How this is computed
Computed by ETFIQ from PGIM’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for SEPP, back to May 2024, is in its flows file. Flows across every fund · How these flows are computed · Compare SEPP with other funds in the flows tool
Every trading day, last 3 months15 days
Most recent first.
Week by week, last year4 weeks
Net flow into SEPP each week, Oct 7, 2026 to Oct 27, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.
Month by month, money in and money outMay 2024 to Oct 2026
SEPP, money in and money out each month from May 2024 to Jul 2026: two bars a month, money in above the line and money out below. Every bar is from SEPP’s SEC filings (N-PORT item B.6). Oct 2026 is still in progress, so it is in the list and not drawn. Of the 28 months listed, money came in on net in 21 and went out in 1.
Every bar is from SEPP’s SEC filings (N-PORT item B.6). Of the 28 months listed, money came in on net in 21 and went out in 1.
Most recent first.
How this is computed
N-PORT months: money in is sales plus reinvestments; money out is redemptions. Months summed from daily data: money in adds the days money came in; money out adds the days it went out.
N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.
Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Oct 27, 2026. Last checked Oct 29, 2026.
SEPP key stats
Trading
as of Oct 27, 2026
If the market falls into a bear market from here, how much does the buffer absorb?
That is the share of the 292 buffer ETFs on stocks with a live outcome period sitting at or below SEPP.
Today's position against one 20% fall; it ignores smaller falls, and stock buffers are never ranked against bond or commodity ones. Where the fund sits in this set, not a rating. Do not average it with another category's score.
About SEPP
How we measure
12 seats on SEPP, as of Oct 28, 2026: 1 Supports, 2 Challenges, 7 Not enough data, 2 Does not apply.
Questions people ask about SEPP
- How much can SEPP still gain?
- About 14.3% from its price on Oct 28, 2026, before it reaches its cap, by the issuer's published number. The cap for the period was set at +15.9%.
- How far can SEPP fall before the buffer helps?
- 1.4% in fund-price terms on Oct 28, 2026, by the issuer's number. In index terms SPY can fall 0.7% from that level before the buffer begins. Losses until that point are the holder's.
- How much of the SEPP buffer is left?
- 12.0% of the 12.0% buffer sat below the SPY level on Oct 28, 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, 307 days from the data on Oct 28, 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.
Links are sources, not endorsements.
Cite this pageCitation, APA and Markdown
ETFIQ, SEPP, buffer ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/sepp
ETFIQ. (Oct 28, 2026). SEPP, buffer ETFs. Retrieved from https://etfiq.com/funds/sepp
[SEPP, buffer ETFs (ETFIQ, Oct 28, 2026)](https://etfiq.com/funds/sepp)
The outcome band for SEPP, redrawn every trading night.
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
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<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/sepp"><img src="https://etfiq.com/assistant/api/embed/buffer/sepp.svg" alt="SEPP: SEPP: reference +0.7% since period start, fund +0.9%; buffer 0 to −12; cap +15.9%; Between buffer and cap. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">SEPP: SEPP: reference +0.7% since period start, fund +0.9%; buffer 0 to −12; cap +15.9%; Between buffer and cap. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/sepp">ETFIQ</a></figcaption>
</figure>The day's ETF flows, a comparison and one number. Every trading morning. About the Daily
Snapshot, Oct 28, 2026. More on the tabs above.