- What does SPBU invest in?
- SPBU is a laddered basket of twelve buffer funds, designed to provide capital appreciation with downside risk mitigation. This actively managed fund invests in a portfolio of underlying ETFs that seek to track the SPDR S&P 500 ETF Trust (SPY) while mitigating timing risks associated with a buffered strategy. Each underlying ETF is designed to provide returns tracking SPY with downside protection against the first 15% of losses and upside potential above a specified spread over one-year Outcome Periods. With a monthly reset of one ETF's Spread and Buffer, SPBU creates a continuous hedge that diversifies investment timing and exposure compared to buying or selling a single ETF. The fund focuses on an equal allocation across its holdings. Information on the fund's exposure to the underlying ETFs and respective positions relative to their Spread and Buffer is updated daily on the issuer's website. Unlike the underlying ETFs, SPBU does not pursue a buffered strategy.
- What is the expense ratio of SPBU?
- AllianzIM Buffer15 Uncapped Allocation ETF (SPBU) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is SPBU?
- AllianzIM Buffer15 Uncapped Allocation ETF (SPBU) manages $186.8M 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 SPBU actively managed or an index fund?
- SPBU is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (SPBU's is 0.79%) in exchange for the discretion to over- or under-weight positions.
- When was SPBU launched?
- AllianzIM Buffer15 Uncapped Allocation ETF (SPBU) launched in March 2025 and is managed by AllianzIM.
- How has SPBU performed?
- SPBU'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.
