AllianzIM U.S. Equity Buffer10 Sep ETF

Frequently Asked Questions About SEPT

What does SEPT invest in?

This fund aims to replicate the price movements of the SPDR S&P 500 ETF Trust (the benchmark ETF) during its designated outcome period. It provides exposure to the benchmark's gains, up to a stated maximum return, while simultaneously absorbing the first 10% of any losses incurred by the underlying ETF. Crucially, both the upside cap and the downside buffer are applied after the deduction of the fund's management and other associated expenses.

What is the expense ratio of SEPT?

AllianzIM U.S. Equity Buffer10 Sep ETF (SEPT) charges an expense ratio of 0.74%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SEPT?

AllianzIM U.S. Equity Buffer10 Sep ETF (SEPT) manages $33.0M 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 SEPT actively managed or an index fund?

SEPT 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 (SEPT's is 0.74%) because there's no security selection cost.

When was SEPT launched?

AllianzIM U.S. Equity Buffer10 Sep ETF (SEPT) launched in August 2023 and is managed by AllianzIM.

How has SEPT performed?

SEPT'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.