# AllianzIM Buffer20 Allocation ETF (SPBW): ETF Facts & Distributions

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- Issuer: AllianzIM · Asset class: Equity
- Strategy: Thematic · Inception: 2025-01-07

The fund aims to grow the value of its investments over time, while also working to reduce the impact of potential market declines.

## Key Facts

| Metric | Value |
|---|---|
| Price | $29.39 |
| Expense Ratio | 0.79% |
| Assets Under Management | $94.0M |
| NAV | $29.36 |
| Holdings Count | 13 |
| Distribution Yield (TTM) | — |
| Annual Distribution (TTM) | — /share |
| Distribution Frequency | — |
| 52-Week Range | $26.74 – $29.93 |
| Beta | 0.36 |

## Frequently Asked Questions

### What does SPBW invest in?

The fund aims to grow the value of its investments over time, while also working to reduce the impact of potential market declines.

### What is the expense ratio of SPBW?

AllianzIM Buffer20 Allocation ETF (SPBW) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

### How big is SPBW?

AllianzIM Buffer20 Allocation ETF (SPBW) manages $94.0M 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 SPBW actively managed or an index fund?

SPBW's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

### When was SPBW launched?

AllianzIM Buffer20 Allocation ETF (SPBW) launched in January 2025 and is managed by AllianzIM.

### How has SPBW performed?

SPBW'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 SPBW pay a dividend?

AllianzIM Buffer20 Allocation ETF (SPBW) 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 SPBW pay dividends?

AllianzIM Buffer20 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 SPBW's dividend yield?

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

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

SPBW 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 SPBW'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 SPBW charge its expense ratio?

The expense ratio is deducted in tiny daily slices from SPBW'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 SPBW cost more than a fund like VOO?

SPBW's strategy (current expense ratio 0.79%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where SPBW sits within its own category, which is the comparison that actually matters.

### Are there cheaper alternatives to SPBW?

The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as SPBW (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/spbw
- Distribution history: https://www.dividenddata.com/funds/spbw/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/spbw/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/spbw/expenses
- Peer comparison: https://www.dividenddata.com/funds/spbw/peers

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