SPBW ETF — Holdings & Analysis
For informational purposes only. Not financial advice.
The AllianzIM Buffer20 Allocation ETF (SPBW) is an equity ETF with $0.05 billion in assets under management and an expense ratio of 0.79%. Launched in January 2025, SPBW aims to provide capital appreciation while mitigating downside risk.
This is achieved through a portfolio of other AllianzIM ETFs, each designed to buffer against market declines during specific periods. SPBW offers investors a unique approach to equity investing by combining diversified exposure with a built-in risk management strategy.
AllianzIM Buffer20 Allocation ETF (SPBW) ETF — Price, Holdings & Analysis
ETF Overview
Risk Metrics
Expense Ratio
What does SPBW hold?
How Is the Fund Allocated?
| Sector | Weight |
|---|---|
| Technology | 34.1% |
| Financial Services | 12.2% |
| Communication Services | 10.6% |
| Consumer Cyclical | 10.0% |
| Healthcare | 9.6% |
| Industrials | 8.5% |
| Consumer Defensive | 5.3% |
| Energy | 3.4% |
| Utilities | 2.5% |
| Real Estate | 1.9% |
| Basic Materials | 1.9% |
| Country | Weight |
|---|---|
| Other | 0.0% |
| United States | 100.0% |
Dividend Yield
- iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
- ARK Innovation ETF (ARKK) — 0.75% expense ratio
- State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
- Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
- iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
- iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio
- State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
- State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio
- AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF (FLAO) (Equity) — 0.74% expense ratio
- AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF (SIXZ) (Equity) — 0.74% expense ratio
- AllianzIM U.S. Equity 6 Month Buffer10 Feb/Aug ETF (SIXF) (Equity) — 0.74% expense ratio
- AllianzIM U.S. Equity Buffer20 Apr ETF (APRW) (Equity) — 0.74% expense ratio
- AllianzIM U.S. Equity Buffer10 May ETF (MAYT) (Equity) — 0.74% expense ratio
Risk Metrics
- Beta: 0.00
Questions & Answers
What is SPBW and what does it track?
The AllianzIM Buffer20 Allocation ETF (SPBW) is an actively managed ETF that seeks to provide capital appreciation with downside risk mitigation.
It achieves this by investing in a portfolio of other AllianzIM US Equity Buffer20 ETFs, each designed to buffer against the first 20% of market losses over a specific outcome period.
What is the expense ratio for SPBW?
The expense ratio for the AllianzIM Buffer20 Allocation ETF (SPBW) is 0.79%. This means that for every $10,000 invested in the fund, $79 is charged annually to cover operating expenses.
What are the top holdings in SPBW?
The top holdings in the AllianzIM Buffer20 Allocation ETF (SPBW) consist primarily of other AllianzIM US Equity Buffer20 ETFs.
As of 2026-03-15, the top three holdings are: 1) AllianzIM US Equity Buffer20 Jul ETF (JULW) at 8.42%, 2) AllianzIM US Equity Buffer20 Dec ETF (DECW) at 8.41%, and 3) AllianzIM US Equity Buffer20 Mar ETF (MARW) at 8.39%.
Is SPBW a good long-term investment?
Whether SPBW is a suitable long-term investment depends on an investor's individual risk tolerance and investment goals. The fund's strategy of investing in buffered ETFs aims to mitigate downside risk, which may be attractive to investors seeking capital preservation.
However, the expense ratio of 0.79% is higher than average, which could impact long-term returns.
How does SPBW compare to similar ETFs?
SPBW differentiates itself from other ETFs through its unique strategy of investing in a portfolio of AllianzIM's own buffered ETFs.
While other ETFs may offer exposure to similar sectors or employ downside protection strategies, SPBW's approach provides a structured and diversified approach to risk management within an equity allocation.
Does SPBW pay dividends?
As of 2026-03-15, the AllianzIM Buffer20 Allocation ETF (SPBW) has a dividend yield of 0.00%. This indicates that the fund does not currently distribute dividends to its shareholders.
Investors seeking income-generating investments may want to consider other ETFs with a history of dividend payments. However, SPBW's primary objective is capital appreciation with downside risk mitigation, rather than income generation.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Data provided for informational purposes only.
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