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Beacon

NVBTAllianzim U.S. Equity Buffer10 Nov ETF

Grow my money3y track recordRanked #2,234 of 2,960 in this goal

Seeks to match SPDR S&P 500 ETF Trust returns up to a specified upside Cap while providing a 10% loss buffer.

By AllianzIM · Launched 2022

Annual Cost

0.74%

#3,625 of 5,562 · average

Fund Size

$31M

#4,031 of 5,562 · small

Return (1Y)Goal

+18.3%

Track Record

3 years

#2,836 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,826+18.3%

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

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Structured outcome

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 4 holdings = 100.1% of fundconcentrated

SPY 10/30/2026 5.05 C4SPY 261030C00005050
99.0%
SPY 10/30/2026 681.99 P4SPY 261030P00681990
4.5%
SPY 10/30/2026 796.37 C4SPY 261030C00796370
-0.9%
SPY 10/30/2026 613.85 P4SPY 261030P00613850
-2.5%

Asset allocation

Stocks
99.5%
Cash
0.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
8.1%Low

Year-on-year price swings

Max drawdown
-12.9%Mild

Worst peak-to-trough loss

Sharpe (3Y)
0.87Decent risk-adjusted returns
Sortino (3Y)
1.27Good downside protection

Where to buy

Listing

Exchange
NYSE Arca, Cboe BZX

Full fund details

Objective
Seeks to match SPDR S&P 500 ETF Trust returns up to a specified upside Cap while providing a 10% loss buffer.
Strategy
Invests primarily in FLEX Options referencing the SPDR S&P 500 ETF Trust to achieve returns matching the ETF's performance, capped at 16.76%. Provides downside protection against the first 10% of losses.
Inception date
October 31, 2022
Fund family
AllianzIM

Our take

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

Buffer
Warning

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