AllianzIM U.S. Equity Buffer10 Dec ETF
$40.95+0.03 (+0.07%)
- 0.74%
- $127M
- +17.2%
- 0.00%
- 0M sh
- $40.93
- low $34.81high $41.00
The ETF.net DECT Grade
B
Score 55 out of 100
- 25 of 77
Score 55 of 100 falls in the B 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.B68 out of 100Rank 17 of 77Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C43 out of 100Rank 51 of 76Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C47 out of 100Rank 41 of 77Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C48 out of 100Rank 36 of 44Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B57 out of 100Rank 31 of 77
Our read on DECT
BA 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.
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
- The 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.
- A 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.
- At 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.
- Part 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
- Thinly 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.
- The 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.
- The 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
- Stocks
- 2
- 101%
- 4SPY 261130C00005060
Sectors
- Technology41.0%
- Financials11.1%
- Communication9.7%
- Health Care9.1%
- Consumer Discretionary8.8%
- Industrials7.4%
- Consumer Staples4.3%
- Energy3.4%
- Utilities1.9%
- Real Estate1.6%
- Materials1.5%
DECT Performance
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.
DECT$11,722
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.
| Period | DECT |
|---|---|
| Year to date | +11.6% |
| 1 month | +1.7% |
| 3 months | +3.4% |
| 1 year | +17.2% |
| 3 years | +15.7% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DECT |
|---|---|---|
| 2026 YTD | +11.6% | |
| 2025 | +15.0% | |
| 2024 | +11.9% | |
| 2023 | +19.3% | |
| 2022 | −4.3% |
DECT in the news
Filings Digest
AllianzIM launches OCTI and resets October buffer terms
DECT Dividends
- 0.00%
No distributions in the last 12 months.
Distribution history
DECT Risk
- 8.4%
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.
- 1.23
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.
- −13.3%
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.
- 0.69
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
0.74%
DECT0.74%
- 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.
Other funds in S&P 500 Buffer 9-12%
- BFEBTAllianzIM U.S. Equity Buffer10 Feb ETFExpense ratio 0.74%1 year return +16.3%
- BAUGTAllianzIM U.S. Equity Buffer10 Aug ETFExpense ratio 0.74%1 year return +15.4%
- CMARTAllianzIM U.S. Equity Buffer10 Mar ETFExpense ratio 0.74%1 year return +16.6%
- CSTENiShares Trust - iShares Large Cap 10% Target Buffer Sep ETFExpense ratio 0.53%1 year return +16.9%
- CBFEBInnovator U.S. Equity Buffer ETF - FebruaryExpense ratio 0.79%1 year return +17.4%