DECWAllianzim U.S. Equity Buffer20 Dec ETF
Seeks to match the share price returns of the SPDR S&P 500 ETF Trust, up to a specified upside Cap, while providing a Buffer against the first 20% of losses.
By AllianzIM · Launched 2022
0.74%
#3,625 of 5,562 · average
$234M
#2,192 of 5,562 · mid-size
0.00%
3 years
#2,871 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 4 holdings = 100.0% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NYSE Arca, Cboe BZX
Full fund details
- Objective
- Seeks to match the share price returns of the SPDR S&P 500 ETF Trust, up to a specified upside Cap, while providing a Buffer against the first 20% of losses.
- Strategy
- Pursues a buffered strategy to match the share price returns of the SPDR S&P 500 ETF Trust at the end of a one-year Outcome Period, subject to an upside Cap and a Buffer against the first 20% of losses. Invests at least 80% of net assets in FLEX Options referencing the Underlying ETF. The Fund aims to provide positive returns matching the Underlying ETFs share price up to the Cap, while compensating for the first 20% of losses. The Cap is set based on market conditions prior to the Outcome Period.
- Inception date
- November 30, 2022
- Fund family
- AllianzIM
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Buffer ETF — downside protection at a cost
Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.
Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)
Why we flagged this: strategy=structured_outcome + structured_outcome_strategy
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 2026-06-19