AllianzIM Expands Buffer Allocation ETF Suite with Launch of Buffer15 Uncapped ETF
AllianzIM has launched the Buffer15 Uncapped Allocation ETF (NYSE: SPBU), expanding its Buffer Allocation ETF suite. This innovative fund-of-funds provides a single-ticker solution for accessing buffered ETFs with uncapped upside potential while offering protection against the first 15% of losses over a one-year outcome period.
The ETF invests in a laddered portfolio of 12 AllianzIM U.S. Equity Buffer15 Uncapped ETFs, with one underlying ETF resetting its buffer monthly to help smooth market fluctuations. The fund is offered at an expense ratio of 79 basis points annually, with a net expense ratio reflecting a reduced management fee of 0.05% through February 28, 2026.
This launch complements AllianzIM's existing suite, which includes the Buffer20 ETFs (SPBW) and Buffer10 ETFs (SPBX). The company leverages its proprietary hedging platform, managing over $155 billion in hedged assets as of December 31, 2024.
AllianzIM ha lanciato il Buffer15 Uncapped Allocation ETF (NYSE: SPBU), ampliando la sua gamma di ETF con Allocazione Buffer. Questo innovativo fondo di fondi offre una soluzione con un unico ticker per accedere a ETF buffer con un potenziale di guadagno illimitato, garantendo al contempo protezione contro le prime perdite del 15% nel corso di un anno.
L'ETF investe in un portafoglio a scala di 12 ETF AllianzIM U.S. Equity Buffer15 Uncapped, con un ETF sottostante che ripristina il suo buffer mensilmente per aiutare a smussare le fluttuazioni di mercato. Il fondo è offerto con un rapporto di spesa annuale di 79 punti base, con un rapporto di spesa netto che riflette una commissione di gestione ridotta dello 0,05% fino al 28 febbraio 2026.
Questo lancio completa la gamma esistente di AllianzIM, che include gli ETF Buffer20 (SPBW) e Buffer10 (SPBX). L'azienda sfrutta la sua piattaforma di copertura proprietaria, gestendo oltre 155 miliardi di dollari in attivi coperti al 31 dicembre 2024.
AllianzIM ha lanzado el Buffer15 Uncapped Allocation ETF (NYSE: SPBU), ampliando su gama de ETF de Asignación Buffer. Este innovador fondo de fondos proporciona una solución de un solo ticker para acceder a ETFs con buffer y un potencial de ganancias ilimitado, ofreciendo al mismo tiempo protección contra las primeras pérdidas del 15% durante un período de un año.
El ETF invierte en una cartera escalonada de 12 ETFs AllianzIM U.S. Equity Buffer15 Uncapped, con un ETF subyacente que restablece su buffer mensualmente para ayudar a suavizar las fluctuaciones del mercado. El fondo se ofrece con una relación de gastos anual de 79 puntos básicos, con una relación de gastos netos que refleja una tarifa de gestión reducida del 0,05% hasta el 28 de febrero de 2026.
Este lanzamiento complementa la gama existente de AllianzIM, que incluye los ETFs Buffer20 (SPBW) y Buffer10 (SPBX). La compañía aprovecha su plataforma de cobertura propietaria, gestionando más de 155 mil millones de dólares en activos cubiertos a partir del 31 de diciembre de 2024.
AllianzIM은 Buffer15 Uncapped Allocation ETF (NYSE: SPBU)를 출시하며 Buffer Allocation ETF 제품군을 확장했습니다. 이 혁신적인 펀드 오브 펀드는 무제한 상승 잠재력을 가진 버퍼 ETF에 접근할 수 있는 단일 티커 솔루션을 제공하고, 1년 동안의 결과 기간 동안 첫 15% 손실에 대한 보호를 제공합니다.
이 ETF는 12개의 AllianzIM 미국 주식 Buffer15 Uncapped ETF로 구성된 단계적 포트폴리오에 투자하며, 하나의 기초 ETF가 매월 버퍼를 재설정하여 시장 변동성을 완화하는 데 도움을 줍니다. 이 펀드는 연간 79 베이시스 포인트의 비용 비율로 제공되며, 2026년 2월 28일까지 관리 수수료가 0.05%로 줄어든 순 비용 비율을 반영합니다.
이 출시로 AllianzIM의 기존 제품군이 보완되며, 여기에는 Buffer20 ETF (SPBW) 및 Buffer10 ETF (SPBX)가 포함됩니다. 이 회사는 2024년 12월 31일 기준으로 1550억 달러 이상의 헤지 자산을 관리하는 독자적인 헤지 플랫폼을 활용합니다.
AllianzIM a lancé le Buffer15 Uncapped Allocation ETF (NYSE: SPBU), élargissant sa gamme d'ETF d'allocation buffer. Ce fonds innovant de fonds offre une solution à un seul ticker pour accéder à des ETF buffer avec un potentiel de hausse illimité tout en offrant une protection contre les premières pertes de 15 % sur une période d'un an.
L'ETF investit dans un portefeuille échelonné de 12 ETF AllianzIM U.S. Equity Buffer15 Uncapped, avec un ETF sous-jacent réinitialisant son buffer chaque mois pour aider à lisser les fluctuations du marché. Le fonds est proposé avec un ratio de dépenses annuel de 79 points de base, avec un ratio de dépenses nettes reflétant des frais de gestion réduits de 0,05 % jusqu'au 28 février 2026.
Ce lancement complète la gamme existante d'AllianzIM, qui comprend les ETF Buffer20 (SPBW) et Buffer10 (SPBX). L'entreprise exploite sa plateforme de couverture propriétaire, gérant plus de 155 milliards de dollars d'actifs couverts au 31 décembre 2024.
AllianzIM hat den Buffer15 Uncapped Allocation ETF (NYSE: SPBU) ins Leben gerufen und damit sein Angebot an Buffer Allocation ETFs erweitert. Dieser innovative Fonds-of-Funds bietet eine Lösung mit einem einzigen Ticker, um auf gepufferte ETFs mit unbegrenztem Gewinnpotenzial zuzugreifen und gleichzeitig Schutz vor den ersten 15 % Verlusten über einen Zeitraum von einem Jahr zu bieten.
Der ETF investiert in ein gestaffeltes Portfolio von 12 AllianzIM U.S. Equity Buffer15 Uncapped ETFs, wobei ein zugrunde liegender ETF seinen Puffer monatlich zurücksetzt, um Marktschwankungen zu glätten. Der Fonds wird zu einer jährlichen Kostenquote von 79 Basispunkten angeboten, wobei die Netto-Kostenquote eine reduzierte Verwaltungsgebühr von 0,05 % bis zum 28. Februar 2026 widerspiegelt.
Dieser Launch ergänzt das bestehende Angebot von AllianzIM, das die Buffer20 ETFs (SPBW) und Buffer10 ETFs (SPBX) umfasst. Das Unternehmen nutzt seine proprietäre Hedging-Plattform und verwaltet zum 31. Dezember 2024 über 155 Milliarden Dollar an abgesicherten Vermögenswerten.
- Uncapped upside potential with 15% downside protection
- Monthly buffer reset mechanism for enhanced risk management
- Reduced management fee of 0.05% through February 2026
- Backed by $155B hedged asset management platform
- Relatively high gross expense ratio of 0.84%
Insights
AllianzIM's launch of the Buffer15 Uncapped Allocation ETF (SPBU) represents a strategic product expansion in the risk-managed ETF space. This fund-of-funds approach provides 15% downside protection while offering uncapped upside potential – a key differentiator from traditional buffered products that cap gains.
The ETF's structure of investing across 12 underlying AllianzIM Buffer15 Uncapped ETFs with monthly buffer resets creates a laddered approach that should smooth performance across market cycles. This addresses a pain point for advisors who struggle with timing entry points for single-outcome period buffer ETFs.
With a
This launch complements Allianz's existing suite of buffered products (SPBW and SPBX) launched earlier in 2025. The product development aligns with broader industry trends toward simplified risk management solutions as traditional 60/40 portfolios face challenges in the current economic landscape.
What's most notable is how Allianz leverages its substantial in-house hedging capabilities (managing
New ETF Offers Uncapped Market Upside in a Convenient, Single-Ticker Solution
As a fund of funds, the ETF seeks to provide capital appreciation with downside risk mitigation by investing in a laddered portfolio of 12 AllianzIM
“Markets in 2025 have been marked by heightened volatility as investors adapt to a new administration and navigate ongoing economic uncertainty. Meanwhile, traditional core bond holdings are facing challenges, offering neither the growth nor the protection they once provided,” said Johan Grahn, Head ETF Market Strategist at AllianzIM. “The Buffer Allocation ETF suite is designed to offer investors the potential for capital appreciation while managing risk with simple, single-ticker solutions.”
Offered at an expense ratio of 79 basis points annually1, the AllianzIM Buffer15 Uncapped Allocation ETF offers a streamlined approach to managing equity exposure with a hedge against market downturns. Its laddered investment approach provides exposure to a series of outcome periods, helping investors remain well-positioned across varying market conditions. Launched in January 2025, the Buffer Allocation ETF suite also includes the AllianzIM
"The launch of the Buffer15 Uncapped Allocation ETF underscores AllianzIM’s commitment to delivering risk-managed solutions that help investors navigate today’s evolving market environment," said Chris Chambs, CEO of AllianzIM. "This latest addition to our suite offers investors a new way to participate in market upside while maintaining a structured approach to downside risk management."
The products utilize AllianzIM’s core strengths, which include risk management experience and in-house hedging capabilities. As part of one of the largest asset management and diversified insurance companies in the world (Allianz SE), AllianzIM uses the same proprietary in-house hedging platform that is used among affiliates to help manage more than
For more information on the AllianzIM Buffer15 Uncapped Allocation ETF, visit www.AllianzIMetfs.com.
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The Funds’ gross expense ratio is
0.84% . The net expense ratio reflects a reduction in the fund’s management fee to0.05% through at least February 28, 2026.
About Allianz Investment Management LLC
Allianz Investment Management LLC (AllianzIM) is an investment manager specializing in risk management strategies and innovative investment solutions. As a wholly owned subsidiary of Allianz Life Insurance Company of
Investing involves risk, including possible loss of principal. For more information on investment objectives, risks, charges, and expenses, please visit www.allianzIMetfs.com or call 877.429.3837. Investors should read the prospectus carefully before investing. There is no guarantee the funds will achieve their investment objectives, and investors may lose their entire investment.
The Buffer Allocation ETFs investment strategies are different from more typical investment products, and the Funds may be unsuitable for some investors. It is important that investors understand the investment strategy before making an investment. For more information regarding whether an investment in the Funds is right for you, please see the prospectus.
Unlike the Underlying ETFs, the Fund itself does not pursue a buffered strategy nor is it subject to a Spread. The Buffer is only provided by the Underlying ETFs and the Fund itself does not provide any stated Buffer against losses. The laddered approach of the Fund may cause the Fund to not receive the full intended benefit of any individual Underlying ETF’s Buffer. The Fund will not participate in underlying ETF returns up to and including the amount of the stated spread of the underlying ETF.
Underlying buffers will be reduced and spreads will be increased after taking into account management fees and other fund fees and expenses.
Shareholders of these funds will experience investment returns that are different than the investment returns sought by the underlying ETFs.
The Underlying Funds will utilize FLEX Options issued and guaranteed for settlement by the Options Clearing Corporation (“OCC”). The Funds bear the risk that the OCC will be unable or unwilling to perform its obligations under the FLEX Options contracts. In the unlikely event that the OCC becomes insolvent or is otherwise unable to meet its settlement obligations, the Funds could suffer significant losses.
ETFs are distributed by Foreside Fund Services, LLC. Allianz Investment Management LLC and Allianz Life Insurance Company of
View source version on businesswire.com: https://www.businesswire.com/news/home/20250306913120/en/
For more information:
David Kanihan
david.kanihan@allianzlife.com
(763) 765-7031
@AllianzLife
Source: Allianz Investment Management LLC
FAQ
What is the buffer protection offered by SPBU ETF?
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