Filings Digest
AllianzIM launches OCTI and resets October buffer terms
AllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF
$36.97+0.01 (+0.04%)
- 0.74%
- $120M
- +10.1%
- 0M sh
- $36.97
- low $33.60high $37.00
The ETF.net SIXO Grade
B
Score 60 out of 100
- 13 of 77
Score 60 of 100 falls in the B 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.B68 out of 100Rank 17 of 77Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C49 out of 100Rank 45 of 76Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B67 out of 100Rank 22 of 77Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C49 out of 100Rank 33 of 44Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C48 out of 100Rank 41 of 77
Our read on SIXO
BMost buffer ETFs lock you into a 12-month wait. SIXO runs on six-month outcome periods, April and October, absorbing the first 10% of a drop in the S&P 500 ETF's price in exchange for a cap that resets twice as often.
The Fund seeks to match the SPDR S&P 500 ETF Trust’s share-price return at the end of each six-month Outcome Period, subject to an upside Cap and a first-10% downside loss buffer. It invests substantially all assets in FLEX Options referencing that ETF.
Why people hold it
- Six-month outcome periods, April and October, so the 10% buffer and the upside cap re-set twice a year instead of once.
- 0.74% expense ratio, below the typical fee in the shallow-buffer peer group.
- AllianzIM runs the same 10% six-month buffer on other start months (SIXJ, SIXD, SIXZ), so entry dates can be laddered across the calendar.
- Live since 2021 and holding substantially all assets in FLEX options on the SPDR S&P 500 ETF Trust: a plain, single-reference build with no stock-picking layer.
Worth knowing
- The cap is set fresh at each period start from prevailing option prices, so the ceiling on upside is a number you learn at the reset, not in advance.
- Terms track the reference ETF's share-price return, so dividends sit outside the deal, and the fund itself has not been making distributions.
- Buffer and cap are measured across a full six-month period. Buy mid-period and the protection and upside left differ from the headline terms.
SIXO Holdings
- Stocks
- 3
- 103%
- 4SPY 270331C00005640
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%
SIXO Performance
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.
SIXO$11,010
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.
| Period | SIXO |
|---|---|
| Year to date | +6.4% |
| 1 month | +1.2% |
| 3 months | +2.6% |
| 1 year | +10.1% |
| 3 years | +10.3% |
| 5 years | +8.0% |
| 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 | SIXO |
|---|---|---|
| 2026 YTD | +6.4% | |
| 2025 | +7.2% | |
| 2024 | +12.2% | |
| 2023 | +17.4% | |
| 2022 | −5.7% | |
| 2021 | +3.7% |
SIXO in the news
SIXO Dividends
No distributions in the last 12 months.
SIXO Risk
- 6.0%
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.
- 0.93
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.
- −12.0%
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.
- 0.52
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SIXO Cost
0.74%
SIXO0.74%
- 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.
Other funds in S&P 500 Buffer 9-12%
- BSIXZAllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETFExpense ratio 0.74%1 year return +12.2%
- BOCTTAllianzIM U.S. Equity Buffer10 Oct ETFExpense ratio 0.74%1 year return +16.8%
- BTENDiShares Trust - iShares Large Cap 10% Target Buffer Dec ETFExpense ratio 0.53%1 year return +14.6%
- BAPRTAllianzIM U.S. Equity Buffer10 Apr ETFExpense ratio 0.74%1 year return +17.4%
- BTENJiShares Trust - iShares Large Cap 10% Target Buffer Jun ETFExpense ratio 0.53%1 year return —