# AllianzIM Buffer15 Uncapped Allocation ETF (SPBU): ETF Facts & Distributions

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- Issuer: AllianzIM · Asset class: Equity
- Strategy: Actively Managed · Inception: 2025-03-05

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...

## Key Facts

| Metric | Value |
|---|---|
| Price | $30.39 |
| Expense Ratio | 0.79% |
| Assets Under Management | $199.8M |
| NAV | $30.50 |
| Holdings Count | 13 |
| Distribution Yield (TTM) | — |
| Annual Distribution (TTM) | — /share |
| Distribution Frequency | — |
| 52-Week Range | $26.58 – $33.10 |
| Beta | 0.75 |

## Frequently Asked Questions

### 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 $199.8M 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.

### Does SPBU pay a dividend?

AllianzIM Buffer15 Uncapped Allocation ETF (SPBU) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab.

### How often does SPBU pay dividends?

AllianzIM Buffer15 Uncapped Allocation ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is SPBU's dividend yield?

SPBU's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price.

### When is SPBU's next ex-dividend date?

SPBU hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page.

### How much will SPBU's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 0.79% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees.

### How does SPBU charge its expense ratio?

The expense ratio is deducted in tiny daily slices from SPBU's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

### Why does SPBU cost more than a fund like VOO?

SPBU is actively managed (current expense ratio 0.79%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether SPBU's fee is competitive for the active-management cohort.

### Are there cheaper alternatives to SPBU?

The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as SPBU (0.79%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/spbu
- Distribution history: https://www.dividenddata.com/funds/spbu/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/spbu/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/spbu/expenses
- Peer comparison: https://www.dividenddata.com/funds/spbu/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.