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SIXPAllianzim U.S. Equity 6 Month Buffer10 Mar/Sep ETF

Stay safeGrow my money2y track recordRanked #114 of 340 in this goal

Seeks to match SPDR S&P 500 ETF returns with a 10% downside buffer and an upside cap at the end of the outcome period.

By AllianzIM · Launched 2024

Annual Cost

0.74%

#3,625 of 5,562 · average

Fund Size

$50M

#3,580 of 5,562 · mid-size

Dividend YieldGoal

0.00%

Track Record

2 years

#3,458 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,758+17.6%

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

Classification

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 = 99.7% of fundconcentrated

SPY 02/27/2026 4.77 C4SPY 260227C00004770
101.3%
SPY 02/27/2026 644.99 P4SPY 260227P00644990
0.3%
SPY 02/27/2026 580.55 P4SPY 260227P00580550
-0.1%
SPY 02/27/2026 691.19 C4SPY 260227C00691190
-1.9%

Asset allocation

Stocks
99.4%
Cash
0.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
6.3%Low

Year-on-year price swings

Max drawdown
-11.3%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
NYSE Arca, Cboe BZX

Full fund details

Objective
Seeks to match SPDR S&P 500 ETF returns with a 10% downside buffer and an upside cap at the end of the outcome period.
Strategy
Invests primarily in instruments with characteristics similar to U.S. equity securities to achieve returns linked to the Underlying ETF. Provides a buffer against the first 10% of losses while capping upside potential.
Inception date
February 29, 2024
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 2026-06-20