Key stats
About AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF
Home page
Inception date
Aug 30, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
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
US00888H5542
SEPU seeks to provide unlimited upside potential, subject to a spread, while preventing the realization of the first 15% of SPDR S&P 500 ETF Trust (SPY) losses. In exchange for this downside protection, investors forgo some upside returns, that is, the spread. The fund also foregoes the S&P 500s dividend component because the options are written on the price (not total) return version of the index. To participate in any positive returns, the fund must exceed the spread, as measured based on market conditions at the end of the outcome period starting each September. Investors who buy at any other time than the annual reset day may have a different protection and buffer zone. Even if shares are held for the entire outcome period, the outcome may differ from the intended results. The targeted buffers and caps do not include the funds expense ratio. The fund is actively managed, resets annually, and uses FLEX options exclusively.
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
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants100.02%
Cash−0.02%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
No, SEPU doesn't pay dividends to its holders.
SEPU shares are issued by Allianz SE under the brand Allianz. The ETF was launched on Aug 30, 2024, and its management style is Active.
SEPU expense ratio is 0.74% meaning you'd have to pay 0.74% of your investment to help manage the fund.
SEPU follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.