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FEBT

GradeBChicago Board Options Exchange

AllianzIM U.S. Equity Buffer10 Feb ETF

Buffered · AllianzIM · Inception 2023-01-31

$42.28−0.15 (−0.35%)

As of Sep 23, 2026, 3:09 PM EDT

History starts Feb 1, 2023.
Intraday session: down, 51 prints from 42.43 to 42.28. Range 42.27 to 42.54. Use the arrow keys to read each point.$42.40$42.5010 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$162M
1Y return
+14.7%
Yield · Last 12 months
0.00%
Holdings
5
Volume · 30D
0M sh
NAV per share
$42.40
52W range
low $36.61high $42.48

The ETF.net FEBT Grade

B

60/ 100

Rank 14 of 77 in S&P 500 Buffer 9-12%⁠

Confidence Medium

Six-pillar profile for FEBT. Scores out of 100: Cost 68, Risk 54, Mission not scored, Tradability 64, Holdings 49, Durability 46. Strongest: Cost (68). Weakest: Durability (46). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 60 of 100 sits in the B 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 rank20/77 · top 26%

  • 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 54
    Category rank33/73 · top 45%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 64
    Category rank21/77 · top 27%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 49
    Category rank34/42 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 46
    Category rank46/77 · mid-pack

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

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 Sep 20, 2026, 9:12 AM
Asset class
Stocks
Holdings
5
Top-10 weight
102%
Largest holding
4SPY 270129C00005120101.3%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0014SPY 270129C00005120SPY 01/29/2027 5.12 C101.27%2,160$163M1
0024SPY 270129P00691900SPY 01/29/2027 691.90 P1.18%2,160$2M1

Showing 1–2 of 2 holdings

FEBT Performance

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

FEBT$11,474
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. FEBT $11,474. 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 FEBT. Periods over one year show the average yearly return.
PeriodFEBT
Year to date+11.4%
1 month+1.1%
3 months+3.6%
1 year+14.7%
3 years+17.2%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 FEBT
YearReturn barFEBT
2026 YTD+11.4%
2025+12.7%
2024+17.3%
2023+14.7%

History from Feb 1, 2023

FEBT in the news

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

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 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 $0.10. 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.
8.7%
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.
1.21
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.
−13.2%
43 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.