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Launched

AllianzIM U.S. Equity Buffer10 Feb ETF

FEBTCboeB

$42.70−0.01 (−0.02%)

As of Oct 13, 2026, 3:58 PM

B56/ 100

Rank 23 of 77 in S&P 500 Buffer 9-12%

B56/100Rank 23 of 77inS&P 500 Buffer 9-12%
Intraday session: down, 50 prints from 42.72 to 42.70. Range 42.68 to 42.73. Use the arrow keys to read each point.42.6842.6942.7310 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$163M
1Y total return
+16.3%
Yield · Last 12 months
0.00%
Holdings
2
Avg volume · 30D
0M sh
NAV per share
$42.68
52W range
low $36.62high $42.78
Launched

The ETF.net FEBT Grade

Based on 5 of 6 pillars

B

Score 56 out of 100

Category
S&P 500 Buffer 9-12%⁠
Rank
23 of 77
Six-pillar profile for FEBT. Scores out of 100: Cost 68, Risk 50, Mission not scored, Tradability 47, Holdings 47, Durability 46. Strongest: Cost (68). Weakest: Durability (46). Based on 5 of 6 pillars.

Score 56 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 100
    Rank 17 of 77

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C50 out of 100
    Rank 41 of 76

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C47 out of 100
    Rank 41 of 77

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C47 out of 100
    Rank 38 of 44

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C46 out of 100
    Rank 45 of 77

Our read on FEBT

ETF.net Research

BAllianz Life's hedging desk, packaged as an ETF. FEBT absorbs the first 10% of its S&P 500 ETF benchmark's price decline over each February-to-January stretch, trading away gains above a cap, at a fee under the buffer-fund norm.

Stated mandate

The Fund seeks to match the share-price return of the SPDR S&P 500 ETF Trust over a specified one-year outcome period, subject to an upside cap and protection against the first 10% of losses.

Why people hold it

  1. 01Charges 0.74% a year, under the buffer-fund median and below same-benchmark rival BAPR (0.79%) and laddered BUFR (0.95%).
  2. 02The options work is run in-house by AllianzIM, the Allianz Life arm that hedges the insurer's own annuity book, rather than farmed out.allianzlife.com
  3. 03Plain, repeatable terms: a 10% downside buffer against the S&P 500 ETF's price return, capped upside, reset for a fresh one-year period every February 1.sec.gov
  4. 04Sits in the upper half of its buffer-ETF peer group, helped by pricing below the cohort median.

Worth knowing

  1. 01Buffer and cap are set before fees (the prospectus puts the net buffer at 9.26%), and the payoff tracks share price only, so index dividends sit out.sec.gov
  2. 02Buy mid-period and you get whatever cap and buffer remain, not the headline terms. The clean slate arrives each February 1.sec.gov
  3. 03One of the smaller, thinner-traded funds in the buffer aisle, so the spread between bid and ask deserves a look before trading.

FEBT Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
2
Top-10 weight
103%
Largest holding
4SPY 270129C00005120102.0%

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 270129C00005120Spy 01/29/2027 5.12 C101.95%2,158$166M1
0024SPY 270129P00691900Spy 01/29/2027 691.90 P0.75%2,158$1M1

Showing 1–2 of 2 holdings

FEBT Performance

Launched Jan 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.
FEBT$11,635
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. FEBT $11,635. 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 FEBT. Periods over one year show the average yearly return.
PeriodFEBT
Year to date+11.9%
1 month+1.2%
3 months+3.0%
1 year+16.3%
3 yearsper year+17.1%
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 FEBT
YearReturn barFEBT
2026 YTD+11.9%
2025+12.7%
2024+17.3%
2023+14.7%

History from Feb 1, 2023

FEBT in the news

Filtered to FEBT · S&P 500 Buffer 9-12%

FEBT 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 Oct 12, 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 $0.10. Use the arrow keys to read each point.2024
Ex-datePay dateAmount per share
Jan 16, 2024Jan 19, 2024$0.10

FEBT Risk

How much the fund’s monthly returns vary, scaled to a year.
8.2%
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.
1.44
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.
−13.2%
44 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.
0.65
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.

FEBT 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.

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

Other funds in S&P 500 Buffer 9-12%

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