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MART

GradeCChicago Board Options Exchange

AllianzIM U.S. Equity Buffer10 Mar ETF

Buffered · AllianzIM · Inception 2023-02-28

$43.09−0.13 (−0.30%)

As of Sep 23, 2026, 2:19 PM EDT

History starts Mar 1, 2023.
Intraday session: down, 57 prints from 43.22 to 43.09. Range 43.05 to 43.20. Use the arrow keys to read each point.$43.05$43.15$43.2010 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$29M
1Y return
+14.6%
Yield · Last 12 months
Holdings
5
Volume · 30D
0M sh
NAV per share
$43.19
52W range
low $37.28high $43.24

The ETF.net MART Grade

C

54/ 100

Rank 24 of 77 in S&P 500 Buffer 9-12%

Confidence Medium

Six-pillar profile for MART. Scores out of 100: Cost 68, Risk 69, Mission not scored, Tradability 27, Holdings 47, Durability 29. Strongest: Risk (69). Weakest: Tradability (27). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 54 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.
    BScore 68
    Category rank24/77 · top 31%
  • 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.
    BScore 69
    Category rank11/73 · top 15%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 27
    Category rank61/77 · bottom quartile
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 47
    Category rank36/42 · bottom quartile
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 29
    Category rank69/77 · bottom quartile

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

Our read on MART

ETF.net Research

CA March-reset buffer fund: it absorbs the first 10% of a year's drop in an S&P 500 ETF and caps the upside for that stretch in exchange. Standard recipe for the category, priced a shade under the typical rival.

Stated mandate

The Fund seeks to provide downside-loss protection covering the first 10% of losses on its Underlying ETF, before fees and expenses.

Why people hold it

  1. 01The contract is legible: over each one-year period starting in March, the first 10% of the S&P 500 ETF's losses are absorbed before fees and expenses, with upside capped at a level set that March.
  2. 02A 0.74% fee undercuts the typical S&P 500 buffer fund, which matters in a wrapper where the cushion is measured before fees and expenses.
  3. 03No exotic reference: the fund tracks outcomes against the SPDR S&P 500 ETF Trust, and the combination of plain benchmark and low fee puts it in the upper half of a crowded buffer cohort.

Worth knowing

  1. 01Small asset base, light volume. Spreads can widen, so limit orders and a glance at intraday value matter more here than with a mega-cap index fund.
  2. 02Buy mid-period and you inherit whatever buffer and cap are left, not the headline 10%. The design lines up cleanly only from one March reset to the next.
  3. 03Income isn't part of the package; returns show up in price. Cheaper buffer builds exist in the same cohort, like PSFF at 0.10% and BUFP at 0.50%.

MART Holdings

As of Sep 20, 2026, 9:12 AM
Asset class
Stocks
Holdings
5
Top-10 weight
103%
Largest holding
4SPY 270226C00005080101.9%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0014SPY 270226C00005080SPY 02/26/2027 5.08 C101.88%420$32M1
0024SPY 270226P00685920SPY 02/26/2027 685.92 P1.33%420$412K1

Showing 1–2 of 2 holdings

MART Performance

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

MART$11,460
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. MART $11,460. 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 MART. Periods over one year show the average yearly return.
PeriodMART
Year to date+11.4%
1 month+0.9%
3 months+3.3%
1 year+14.6%
3 years+16.9%per year
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 MART
YearReturn barMART
2026 YTD+11.4%
2025+14.9%
2024+15.6%
2023+16.9%

History from Mar 1, 2023

MART in the news

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

MART Dividends

This fund pays no distributions.
Last 12 months
Payout per share
Last 12 months

No distributions in the last 12 months.

MART Risk

How much the fund’s monthly returns vary, scaled to a year.
8.1%
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.
1.30
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.
−11.6%
42 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.
0.60
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.

MART 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.

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