SEPTAllianzIM U.S. Equity Buffer10 Sep 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 10% of losses.
By AllianzIM · Launched 2023
0.74%
#3,634 of 5,573 · average
$104M
#2,905 of 5,573 · mid-size
0.00%
2 years
#3,140 of 5,573 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 4 holdings = 100.1% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
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 10% 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 10% Buffer against losses. Invests primarily in FLEX Options referencing the Underlying ETF, aiming to provide positive returns up to the Cap if the ETF's price increases, while compensating for the first 10% of losses if it decreases.
- Inception date
- August 31, 2023
- Fund family
- AllianzIM
Similar funds
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 2026-06-20