---
ticker: "SPBW"
name: "AllianzIM Buffer20 Allocation ETF"
url: "https://etf.net/etf/SPBW"
grade: "D"
score: 35
graded_at: "2026-10-12"
category: "S&P 500 Laddered Buffer"
category_rank: "14 of 18"
methodology: "https://etf.net/methodology"
---

# SPBW: AllianzIM Buffer20 Allocation ETF

Grade **D**, Score 35 of 100. Rank 14 of 18 in S&P 500 Laddered Buffer.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 15 | 15 of 18 |
| Mission | Not scored | — |
| Risk | 70 | 4 of 18 |
| Tradability | 17 | 18 of 18 |
| Holdings | 72 | 3 of 18 |
| Durability | 36 | 13 of 18 |

## Top holdings

The fund holds 13 positions. These are the largest 13, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | DECW | Allianzim Us Eq BUFFER20 Dec | 8.43% |
| 2 | NVBW | Allianzim Us Eq BUFFER20 Nov | 8.39% |
| 3 | OCTW | Allianzim Us Eq BUFFER20 Oct | 8.39% |
| 4 | AUGW | Allianzim Us Eq BUFFER20 Aug | 8.37% |
| 5 | MARW | Allianzim Us Eq BUFFER20 Mar | 8.35% |
| 6 | FEBW | Allianzim Us Eq BUFFER20 Feb | 8.34% |
| 7 | JULW | Allianzim Us Eq BUFFER20 Jul | 8.33% |
| 8 | JANW | Allianzim Us Eq BUFFER20 Jan | 8.33% |
| 9 | SEPW | Allianzim Us Eq BUFFER20 Sep | 8.32% |
| 10 | APRW | Allianzim Us Eq BUFFER20 Apr | 8.28% |
| 11 | MAYW | Allianzim Us Eq BUFFER20 May | 8.24% |
| 12 | JUNW | Allianzim Us Eq BUFFER20 Jun | 8.23% |
| 13 | — | Cash&Other | <0.01% |

Source: etf.net, https://etf.net/etf/SPBW. Please cite the page URL.