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JULW

GradeCChicago Board Options Exchange

AllianzIM U.S. Equity Buffer20 Jul ETF

Buffered · AllianzIM · Inception 2020-06-30

$41.58−0.09 (−0.21%)

As of Sep 23, 2026, 3:08 PM EDT

Intraday session: down, 53 prints from 41.67 to 41.58. Range 41.53 to 41.69. Use the arrow keys to read each point.$41.55$41.60$41.65$41.7010 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$255M
1Y return
+8.5%
Yield · Last 12 months
0.00%
Holdings
5
Volume · 30D
0M sh
NAV per share
$41.67
52W range
low $38.13high $41.70

The ETF.net JULW Grade

C

52/ 100

Rank 10 of 24 in S&P 500 Buffer 20%⁠

Confidence Medium

Six-pillar profile for JULW. Scores out of 100: Cost 37, Risk 52, Mission not scored, Tradability 64, Holdings 67, Durability 78. Strongest: Durability (78). Weakest: Cost (37). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 52 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 rank15/24 · mid-pack

  • 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 52
    Category rank9/22 · top 41%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 64
    Category rank5/24 · top 21%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 67
    Category rank3/12 · top 25%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 78
    Category rank2/24 · top 8%

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

Our read on JULW

ETF.net Research

CJULW has held the July slot in AllianzIM's monthly buffer ladder since 2020: it aims to absorb the first 20% of S&P 500 price index losses over each 12-month outcome period, with upside capped in exchange.

Stated mandate

The Fund pursues a buffered outcome strategy intended to match the returns of the S&P 500 Price Return Index. It seeks to protect the first 20% of index losses during the outcome period, while gains are limited by a cap.

Why people hold it

  1. 01Sits at the deep end of the buffer scale. The fund aims to absorb the first 20% of S&P 500 price index losses across a 12-month outcome period.allianzim.com
  2. 02One slot in a 12-month ladder, so the July start date is a choice, not an inheritance. JULW has run that slot since its 2020 launch.allianzim.com
  3. 03The 0.74% fee lands right at the median for 20% buffer funds on the S&P 500, not a premium for the insurer's name on the door.
  4. 04Among the sturdier builds in its deep-buffer peer group, with no structural quirks flagged in our review.

Worth knowing

  1. 01Buffer and cap are measured start to finish of each July outcome period. Buy mid-period and you get whatever cushion and upside room is left, not the headline 20%.
  2. 02The reference is the S&P 500 price index, so index dividends sit outside the math, and the fund is not built to pay income.
  3. 03Cheaper ways to buy a 20% buffer exist: PBFR at 0.50% and PSFJ at 0.49%, against 0.74% here.

JULW Holdings

As of Sep 20, 2026, 9:12 AM
Asset class
Stocks
Holdings
5
Top-10 weight
103%
Largest holding
4SPY 270630C0000560099.6%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0014SPY 270630C00005600SPY 06/30/2027 5.60 C99.57%3,365$253M1
0024SPY 270630P00746840SPY 06/30/2027 746.84 P3.88%3,365$10M1

Showing 1–2 of 2 holdings

JULW Performance

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

JULW$10,854
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. JULW $10,854. 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 JULW. Periods over one year show the average yearly return.
PeriodJULW
Year to date+6.5%
1 month+0.7%
3 months+2.3%
1 year+8.5%
3 years+12.2%per year
5 years+9.4%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 JULW
YearReturn barJULW
2026 YTD+6.5%
2025+11.6%
2024+12.4%
2023+16.1%
2022−1.1%
2021+4.6%
2020+9.3%

History from Jul 1, 2020

JULW in the news

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

JULW 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 2020

One bar per payment. 1 payment in 2020. Dec 15, 2020 $0.58. Use the arrow keys to read each point.2020
Ex-datePay dateAmount per share
Dec 15, 2020Dec 17, 2020$0.58

JULW Risk

How much the fund’s monthly returns vary, scaled to a year.
5.8%
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.
1.11
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.
−9.5%
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.
0.37
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.

JULW 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.

JULW costs $74.00 a year on $10,000. The median S&P 500 Buffer 20% fund costs $74.00.