- What does FEBT invest in?
- FEBT uses options in an effort to moderate losses on shares of SPDR S&P 500 ETF Trust(ticker: SPY) over a one-year period, starting in February. In exchange for preventing realization of the first 10% of losses, the fund foregoes some upside return as well as the dividend component of SPY, because the options are written on the price (not total) return version of the shares. Should the shares of SPY decline greater than 10%, investors participate in the downside performance on a $1 for $1 basis. The upside cap resets annually based on SPY's closing price on the business day prior to the outcome period begins. Even if shares are held for the entire outcome period, the intended results may differ. The issuer publishes the interim levels for the cap and downside buffer daily on its website. The targeted cap and buffer do not include the fund's expense ratio. The fund is actively managed and uses FLEX options on SPY shares exclusively. Prior to Dec. 22, 2025 the fund name specified Large Cap as the Equity exposure.
- What is the expense ratio of FEBT?
- AllianzIM U.S. Equity Buffer10 Feb ETF (FEBT) charges an expense ratio of 0.74%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is FEBT?
- AllianzIM U.S. Equity Buffer10 Feb ETF (FEBT) manages $158.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is FEBT actively managed or an index fund?
- FEBT is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (FEBT's is 0.74%) in exchange for the discretion to over- or under-weight positions.
- When was FEBT launched?
- AllianzIM U.S. Equity Buffer10 Feb ETF (FEBT) launched in January 2023 and is managed by AllianzIM.
- How has FEBT performed?
- FEBT's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
