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Launched

AllianzIM U.S. Equity Buffer20 Aug ETF

AUGWCboeC

$35.05+0.01 (+0.01%)

As of Oct 13, 2026, 3:08 PM

C48/ 100

Rank 15 of 24 in S&P 500 Buffer 20%

C48/100Rank 15 of 24inS&P 500 Buffer 20%
Intraday session: up, 9 prints from 35.05 to 35.05. Range 35.02 to 35.05. Use the arrow keys to read each point.35.0235.0335.0410 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$128M
1Y total return
+10.5%
Yield · Last 12 months
—
Holdings
2
Avg volume · 30D
0M sh
NAV per share
$35.06
52W range
low $30.93high $36.33
Launched

The ETF.net AUGW Grade

C

Score 48 out of 100

Category
S&P 500 Buffer 20%⁠
Rank
15 of 24
Six-pillar profile for AUGW. Scores out of 100: Cost 37, Risk 57, Mission 100, Tradability 55, Holdings 62, Durability 41. Strongest: Mission (100). Weakest: Cost (37). Leans toward Mission.

Score 48 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D37 out of 100
    Rank 10 of 24

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B57 out of 100
    Rank 8 of 23

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B55 out of 100
    Rank 11 of 24

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B62 out of 100
    Rank 5 of 12

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C41 out of 100
    Rank 19 of 24

Our read on AUGW

ETF.net Research

CAUGW is the August rung of a twelve-fund ladder: a year of S&P 500 exposure up to a cap, with the first 20% of losses absorbed. Built by the in-house hedging desk behind Allianz Life's annuities, priced at the going rate for deep buffers.

Stated mandate

The fund seeks to match the returns of the SPDR® S&P 500® ETF Trust over an outcome period, subject to an upside cap, while buffering the first 20% of losses.

Why people hold it

  1. 01Deep end of the shelf: the first 20% of SPDR S&P 500 ETF Trust losses over the one-year period are absorbed before fees, double the 10% tier AllianzIM sells alongside it.allianzim.com
  2. 02The hedging is in-house. AllianzIM is Allianz Life's own investment arm and runs these funds on the proprietary platform its affiliates use for hedged assets.allianzlife.com
  3. 03Resets each August 1 with a fresh 20% buffer and a newly struck cap, and it has monthly siblings across the calendar, so entry dates can be spread out.allianzim.com
  4. 04Plumbing is straightforward: FLEX options written on SPY itself, and the payoff has matched the buffer-and-cap shape its own documents describe.allianzim.com

Worth knowing

  1. 01At 0.74% the fee sits right at the deep-buffer median, and cheaper 20% buffer options exist: PSFJ and PSFM at 0.49%, PBFR at 0.50%.
  2. 02Thinly traded next to the category's giants, so the bid-ask spread you cross is part of what the protection costs.
  3. 03Upside stops at the cap and the buffer is measured from the August 1 start, so mid-period buyers work with different math than the headline terms.allianzim.com

AUGW Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
2
Top-10 weight
105%
Largest holding
4SPY 270730C00005600101.1%

Sectors

  • Technology40.1%
  • Financials11.3%
  • Communication9.9%
  • Health Care9.4%
  • Consumer Discretionary8.7%
  • Industrials7.6%
  • Consumer Staples4.4%
  • Energy3.4%
  • Utilities1.9%
  • Real Estate1.7%
  • Materials1.6%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0014SPY 270730C00005600Spy 07/30/2027 5.60 C101.09%1,684$129M1
0024SPY 270730P00747100Spy 07/30/2027 747.10 P3.42%1,684$4M1

Showing 1–2 of 2 holdings

AUGW Performance

Launched Jul 31, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
AUGW$11,053
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. AUGW $11,053. SPY $12,044. Use the arrow keys to read each point.$9,582$10,912$12,243Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AUGW. Periods over one year show the average yearly return.
PeriodAUGW
Year to date+7.7%
1 month+1.0%
3 months+2.6%
1 year+10.5%
3 yearsper year+12.7%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AUGW
YearReturn barAUGW
2026 YTD+7.7%
2025+11.2%
2024+13.2%
2023+3.3%

History from Aug 1, 2023

AUGW in the news

Filtered to AUGW · S&P 500 Buffer 20%

AUGW Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

AUGW Risk

How much the fund’s monthly returns vary, scaled to a year.
5.3%
Annualised · 36 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.47
vs 3-month T-bills · to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−8.8%
38 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.41
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

AUGW Cost

Expense ratio0.74%
  • The middle half of S&P 500 Buffer 20% funds
  • Median 0.74%

9 of the 24 S&P 500 Buffer 20% funds charge less.

AUGW costs $74.00 a year on $10,000. The median S&P 500 Buffer 20% fund costs $74.00.

Other funds in S&P 500 Buffer 20%

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