AllianzIM U.S. Equity Buffer20 Nov ETF

Frequently Asked Questions About NVBW

What does NVBW invest in?

This exchange-traded fund (ETF) aims to mirror the price performance of the SPDR S&P 500 ETF Trust (its benchmark) over a specific period, with potential gains limited by a predetermined ceiling. Simultaneously, it provides a protective cushion against the first 20% of any declines in the benchmark ETF. It's important to note that the stated cap and buffer levels will be reduced after accounting for management fees and other associated fund expenses.

What is the expense ratio of NVBW?

AllianzIM U.S. Equity Buffer20 Nov ETF (NVBW) charges an expense ratio of 0.74%. This is the annual fee deducted from fund assets to cover management and operations.

How big is NVBW?

AllianzIM U.S. Equity Buffer20 Nov ETF (NVBW) manages $95.7M 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 NVBW actively managed or an index fund?

NVBW is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (NVBW's is 0.74%) because there's no security selection cost.

When was NVBW launched?

AllianzIM U.S. Equity Buffer20 Nov ETF (NVBW) launched in October 2022 and is managed by AllianzIM.

How has NVBW performed?

NVBW'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.