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AUGW

GradeCChicago Board Options Exchange

AllianzIM U.S. Equity Buffer20 Aug ETF

Buffered · AllianzIM · Inception 2023-07-31

$34.76−0.11 (−0.32%)

As of Sep 23, 2026, 1:35 PM EDT

History starts Aug 1, 2023.
Intraday session: down, 10 prints from 34.87 to 34.76. Range 34.76 to 34.88. Use the arrow keys to read each point.$34.80$34.85$34.9010 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$127M
1Y return
+9.2%
Yield · Last 12 months
—
Holdings
5
Volume · 30D
0M sh
NAV per share
$34.87
52W range
low $30.93high $36.33

The ETF.net AUGW Grade

C

48/ 100

Rank 16 of 24 in S&P 500 Buffer 20%⁠

Confidence High

Six-pillar profile for AUGW. Scores out of 100: Cost 37, Risk 57, Mission 100, Tradability 56, Holdings 64, Durability 41. Strongest: Mission (100). Weakest: Cost (37). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 48 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 37
    Category rank11/24 · top 46%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank1/1 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 57
    Category rank6/22 · top 27%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 56
    Category rank13/24 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 64
    Category rank4/12 · top 33%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 41
    Category rank19/24 · bottom quartile

Graded as of Sep 22, 2026

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 Sep 20, 2026, 9:12 AM
Asset class
Stocks
Holdings
5
Top-10 weight
104%
Largest holding
4SPY 270730C00005600100.0%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0014SPY 270730C00005600SPY 07/30/2027 5.60 C100.03%1,686$127M1
0024SPY 270730P00747100SPY 07/30/2027 747.10 P4.10%1,686$5M1

Showing 1–2 of 2 holdings

AUGW Performance

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

AUGW$10,921
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. AUGW $10,921. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+7.2%
1 month+0.6%
3 months+2.6%
1 year+9.2%
3 years+12.7%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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+7.2%
2025+11.2%
2024+13.2%
2023+3.3%

History from Aug 1, 2023

AUGW in the news

ETF.net Research hasn’t filed on AUGW yet — coverage lands here as it’s written.

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.
5.6%
Annualised · 36 months to Aug 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.
1.22
vs 3-month T-bills · to Aug 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%
37 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.
0.42
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.