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DECT

GradeCChicago Board Options Exchange

AllianzIM U.S. Equity Buffer10 Dec ETF

Buffered · AllianzIM · Inception 2022-11-30

$40.48−0.17 (−0.41%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Dec 1, 2022.
Intraday session: down, 52 prints from 40.65 to 40.48. Range 40.43 to 40.63. Use the arrow keys to read each point.$40.45$40.55$40.60$40.6510 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$127M
1Y return
+14.8%
Yield · Last 12 months
0.00%
Holdings
5
Volume · 30D
0M sh
NAV per share
$40.62
52W range
low $34.81high $40.69

The ETF.net DECT Grade

C

54/ 100

Rank 25 of 77 in S&P 500 Buffer 9-12%⁠

Confidence Medium

Six-pillar profile for DECT. Scores out of 100: Cost 68, Risk 42, Mission not scored, Tradability 43, Holdings 50, Durability 57. Strongest: Cost (68). Weakest: Risk (42). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 54 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.
    BScore 68
    Category rank19/77 · top 25%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 42
    Category rank55/73 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 43
    Category rank47/77 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 50
    Category rank30/42 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 57
    Category rank33/77 · top 43%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on DECT

ETF.net Research

CA December-dated buffer fund built on SPY's own share price, not the index behind it. It absorbs the first 10% of a year's decline in exchange for a cap on the upside, then resets every December 1.

Stated mandate

The Fund seeks to match the SPDR S&P 500 ETF Trust’s share-price return at the end of each annual outcome period, subject to an upside cap, while buffering the first 10% of losses. It uses FLEX Options referencing that ETF.

Why people hold it

  1. 01The deal is written into the prospectus, not left to a manager's judgment: buffer the first 10% of the reference ETF's price loss over a one-year outcome period, capped on the upside, reset each December 1.
  2. 02A registered 1940 Act ETF holding FLEX options on SPY, so the payoff shape comes in an exchange-traded wrapper rather than a bank-issued note.
  3. 03At 0.74% a year it runs slightly under the typical shallow-buffer fund, and cost is one of its stronger suits in a crowded field where fees are the main separator.
  4. 04Part of AllianzIM's dated ladder, which lets the December series be paired with other start months. Its six-month siblings (SIXD, SIXJ, SIXZ) carry the same fee but reset twice a year.

Worth knowing

  1. 01Thinly traded compared with the giants of the buffer world, so bid-ask spread and order size matter more here than with the category's household names.
  2. 02The stated 10% buffer and the cap apply to a full outcome period. Buy partway through and you inherit whatever protection and upside room are left, which can be more or less.
  3. 03The target is SPY's share-price return, so dividends from the underlying stocks are not part of the payoff, and the fund itself has not been making distributions.

DECT Holdings

As of Sep 20, 2026, 9:12 AM
Asset class
Stocks
Holdings
5
Top-10 weight
101%
Largest holding
4SPY 261130C00005060100.6%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0014SPY 261130C00005060SPY 11/30/2026 5.06 C100.59%1,672$126M1
0024SPY 261130P00683320SPY 11/30/2026 683.32 P0.51%1,672$642K1

Showing 1–2 of 2 holdings

DECT Performance

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

DECT$11,483
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. DECT $11,483. 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 DECT. Periods over one year show the average yearly return.
PeriodDECT
Year to date+10.9%
1 month+1.2%
3 months+3.8%
1 year+14.8%
3 years+15.6%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 DECT
YearReturn barDECT
2026 YTD+10.9%
2025+15.0%
2024+11.9%
2023+19.3%
2022−4.3%

History from Dec 1, 2022

DECT in the news

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

DECT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2024

One bar per payment. 1 payment in 2024. Jan 16, 2024 $0.14. Use the arrow keys to read each point.2024
Ex-datePay dateAmount per share
Jan 16, 2024Jan 19, 2024$0.14

DECT Risk

How much the fund’s monthly returns vary, scaled to a year.
9.0%
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.
0.98
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.
−13.3%
45 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.
0.69
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.

DECT Cost

Expense ratio0.74%
  • The middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

16 of the 77 S&P 500 Buffer 9-12% funds charge less.

DECT costs $74.00 a year on $10,000. The median S&P 500 Buffer 9-12% fund costs $79.00.