Key stats
About AllianzIM Buffer20 Allocation ETF
Home page
Inception date
Jan 8, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Allianz Investment Management LLC
Distributor
Foreside Fund Services LLC
ISIN
US00888H4636
SPBW is a laddered basket of defined outcome buffer ETFs. It consists of six equity buffer funds, each of which has exposure to SPYs capped gains and 20% buffered losses over a one-year outcome period. The funds laddered approach reduces the timing risks associated with a buffer strategy. Each month, one of the underlying ETFs resets to a full 20% buffer for its new outcome period, with an adjusted cap based on market volatility. This creates a continuous hedge for SPBW regardless of each underlying ETFs outcome period compared to the exposure resulting from buying or selling any one underlying ETF at any one time. The fund will invest equally in the underlying ETFs. Information on the fund exposure to the underlying ETFs and remaining cap and buffer are provided daily on the issuers website. Unlike the underlying ETFs, the fund itself does not pursue a buffered strategy nor is it subject to a cap.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF99.97%
Cash0.03%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SPBW top holdings are AllianzIM U.S. Large Cap Buffer20 Jul ETF and AllianzIM U.S. Large Cap Buffer20 Jun ETF, occupying 8.44% and 8.42% of the portfolio correspondingly.
SPBW assets under management is 39.81 M USD. It's risen 1.81% over the last month.
SPBW fund flows account for 22.63 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, SPBW doesn't pay dividends to its holders.
SPBW shares are issued by Allianz SE under the brand Allianz. The ETF was launched on Jan 8, 2025, and its management style is Active.
SPBW expense ratio is 0.79% meaning you'd have to pay 0.79% of your investment to help manage the fund.
SPBW follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SPBW invests in funds.
SPBW trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.