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AUGTAllianzIM U.S. Equity Buffer10 Aug ETF

Stay safeGrow my money2y track recordRanked #249 of 343 in this goal

Seeks to match SPDR S&P 500 ETF Trust returns up to a 15.23% cap while providing a 10% buffer against losses.

By AllianzIM · Launched 2023

Annual Cost

0.74%

#3,634 of 5,573 · average

Fund Size

$29M

#4,086 of 5,573 · small

Dividend YieldGoal

0.00%

Track Record

2 years

#3,101 of 5,573 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,915+19.2%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Structured outcome

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 4 holdings = 100.1% of fundconcentrated

SPY 07/31/2026 4.68 C4SPY 260731C00004680
101.7%
SPY 07/31/2026 632.02 P4SPY 260731P00632020
2.1%
SPY 07/31/2026 568.87 P4SPY 260731P00568870
-1.1%
SPY 07/31/2026 728.35 C4SPY 260731C00728350
-2.6%

Asset allocation

Stocks
99.2%
Cash
0.8%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
7.4%Low

Year-on-year price swings

Max drawdown
-13.1%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca, Cboe BZX

Full fund details

Objective
Seeks to match SPDR S&P 500 ETF Trust returns up to a 15.23% cap while providing a 10% buffer against losses.
Strategy
Invests primarily in FLEX Options referencing the SPDR S&P 500 ETF Trust to achieve returns matching the ETF's performance, subject to a cap and buffer. The strategy is designed for a one-year outcome period, resetting annually.
Inception date
July 31, 2023
Fund family
AllianzIM

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

You can build this cheaper yourself

Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.

Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-20