AllianzIM U.S. Equity Buffer10 Sep ETF
$38.54−0.14 (−0.37%)
History starts Sep 1, 2023.
- Expense ratio
- 0.74%
- Fund size
- $39M
- 1Y return
- +12.4%
- Yield · Last 12 months
- —
- Holdings
- 5
- Volume · 30D
- 0M sh
- NAV per share
- $38.67
- 52W range
The ETF.net SEPT Grade
Score 59 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 68Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 60Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 52Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 61Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 28Category rank
Our read on SEPT
BThe September link in AllianzIM's buffer chain: FLEX options on the SPDR S&P 500 ETF that absorb the first 10% of a year's losses in exchange for a capped upside, with terms reset every September 1. Priced below the buffer-fund median.
The actively managed ETF seeks to match the share-price return of the SPDR S&P 500 ETF Trust at the end of each one-year Outcome Period, subject to an upside Cap and a buffer against the first 10% of losses. It primarily uses FLEX Options referencing that ETF.
Why people hold it
- Cheaper than the typical buffer fund at 0.74% a year against a 0.79% median for its shallow-buffer cohort, and it undercuts several rival dated buffers charging 0.79%.
- The deal is spelled out before you own it: a 10% buffer against losses in the reference ETF and a stated upside cap, both fixed for a one-year outcome period that restarts each September 1.
- Part of a full AllianzIM buffer lineup priced at the same 0.74%, including six-month siblings SIXZ, SIXD and SIXJ, so a September start date can be laddered with other reset calendars.
- Running since 2023 and rated among the stronger builds in a crowded 52-fund shallow-buffer field.
Worth knowing
- Upside is capped, and both cap and buffer apply across the full outcome period. Buy mid-period and your actual protection and ceiling differ from the headline terms.
- It targets the share-price return of the SPDR S&P 500 ETF Trust, so index dividends are not passed along, and the fund has not been paying out income.
- A small, thinly traded fund next to the category's giants, so spreads can be wider and limit orders matter more.
SEPT Holdings
- Stocks
- 5
- 104%
- 4SPY 270831C00005680
Sectors
SEPT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SEPT$11,242
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.
| Period | SEPT |
|---|---|
| Year to date | +10.0% |
| 1 month | +0.9% |
| 3 months | +3.5% |
| 1 year | +12.4% |
| 3 years | +16.8% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SEPT |
|---|---|---|
| 2026 YTD | +10.0% | |
| 2025 | +14.9% | |
| 2024 | +16.4% | |
| 2023 | +4.8% |
SEPT in the news
SEPT Dividends
No distributions in the last 12 months.
SEPT Risk
- 7.8%
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.
- 1.50
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.
- −12.8%
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.
- 0.61
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SEPT Cost
0.74%
SEPT0.74%
- 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.