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Launched

AllianzIM U.S. Equity Buffer20 Jul ETF

JULWCboeC

$41.92+0.04 (+0.11%)

As of Oct 13, 2026, 3:59 PM

C53/ 100

Rank 9 of 24 in S&P 500 Buffer 20%

C53/100Rank 9 of 24inS&P 500 Buffer 20%
Intraday session: up, 67 prints from 41.88 to 41.92. Range 41.84 to 41.92. Use the arrow keys to read each point.41.8441.8641.9010 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$257M
1Y total return
+9.9%
Yield · Last 12 months
0.00%
Holdings
2
Avg volume · 30D
0M sh
NAV per share
$41.90
52W range
low $38.14high $41.91
Launched

The ETF.net JULW Grade

Based on 5 of 6 pillars

C

Score 53 out of 100

Category
S&P 500 Buffer 20%⁠
Rank
9 of 24
Six-pillar profile for JULW. Scores out of 100: Cost 37, Risk 51, Mission not scored, Tradability 73, Holdings 64, Durability 77. Strongest: Durability (77). Weakest: Cost (37). Based on 5 of 6 pillars.

Score 53 of 100 falls in the C 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.
    D37 out of 100
    Rank 10 of 24

  • 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.
    C51 out of 100
    Rank 9 of 23

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A73 out of 100
    Rank 3 of 24

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B64 out of 100
    Rank 4 of 12

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A77 out of 100
    Rank 2 of 24

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 Oct 12, 2026
Asset class
Stocks
Holdings
2
Top-10 weight
104%
Largest holding
4SPY 270630C00005600100.7%

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 270630C00005600Spy 06/30/2027 5.60 C100.68%3,365$258M1
0024SPY 270630P00746840Spy 06/30/2027 746.84 P3.18%3,365$8M1

Showing 1–2 of 2 holdings

JULW Performance

Launched Jun 30, 2020

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.
JULW$10,991
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. JULW $10,991. 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 JULW. Periods over one year show the average yearly return.
PeriodJULW
Year to date+7.1%
1 month+1.1%
3 months+2.3%
1 year+9.9%
3 yearsper year+12.3%
5 yearsper year+9.5%
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 JULW
YearReturn barJULW
2026 YTD+7.1%
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

Filtered to JULW · S&P 500 Buffer 20%

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 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 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.
5.5%
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.
1.32
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.
−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.

Other funds in S&P 500 Buffer 20%

See others