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.
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.
ETF Overview
The fund seeks to provide capital appreciation with downside risk mitigation.
The AllianzIM Buffer20 Allocation ETF (SPBW) seeks capital appreciation with downside risk mitigation by investing in a portfolio of other AllianzIM US Equity Buffer20 ETFs. These underlying ETFs (JULW, DECW, MARW, JUNW, AUGW, SEPW, FEBW, JANW, OCTW, MAYW) are each designed to provide a buffer against the first 20% of market losses over a specific outcome period. SPBW allocates roughly 8% to each of these ETFs, providing exposure to a diversified range of buffered equity strategies. The fund's sector allocation is heavily weighted towards Technology (34.1%), followed by Financial Services (12.2%) and Communication Services (10.6%). With 100% of its exposure in the United States, SPBW is designed for investors seeking US equity exposure with a focus on downside protection. SPBW's investment strategy differentiates itself by offering a structured approach to risk management within an equity allocation.
Risk Metrics
SPBW's risk profile is shaped by its unique investment strategy. The fund's concentration risk is moderate, with its top ten holdings, all AllianzIM Buffer20 ETFs, accounting for approximately 83% of the portfolio. Sector risk is present, with a significant allocation to Technology (34.1%), making the fund susceptible to fluctuations in that sector. The fund's beta is currently 0.00, indicating that it has very low volatility compared to the market. The expense ratio of 0.79% is higher than the category average, which could create a drag on performance over time. these may be worth researching factors when evaluating SPBW's suitability for their portfolios. Past performance does not guarantee future results.
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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. The fund's holdings consist primarily of these AllianzIM ETFs, such as JULW, DECW, and MARW, providing exposure to a diversified range of buffered equity strategies. SPBW offers investors a unique approach to equity investing by combining diversified exposure with a built-in risk management strategy.
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. While this expense ratio provides access to a unique buffered investment strategy, it is important to consider that this is higher than the average expense ratio for equity ETFs, which is around 0.44%. Investors should weigh the cost against the potential benefits of the fund's downside protection strategy.
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%. These ETFs are designed to provide a buffer against market declines during specific periods, offering investors a degree of downside protection.
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. The fund's sector allocation, with a significant weighting in Technology, also introduces a degree of concentration risk. Investors should carefully consider these factors and their own investment objectives before deciding if SPBW aligns with their long-term investment strategy. Past performance does not guarantee future results.
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. With an AUM of $0.05 billion, SPBW is relatively small compared to some of the larger, more established ETFs in the market. Its expense ratio of 0.79% is also higher than many broad-based equity ETFs, but may be justified by the specialized nature of its investment strategy.
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.