# APRW (AllianzIM U.S. Equity Buffer20 ETF - Apr)

AllianzIM · Buffer ETFs · data as of Sep 11, 2026

As of Sep 11, 2026, APRW has reached its cap.

## Key facts

- APRW, past the cap, price drift left: 4.2%, as of Sep 11, 2026.
- APRW, fall before the buffer: 7.0%, as of Sep 11, 2026.
- APRW, protection left, index points: 20.0%, as of Sep 11, 2026.
- APRW, days to reset: 201, as of Sep 11, 2026.
- APRW, net assets: $204m (issuer page, as of Sep 10, 2026).
- APRW, expense ratio: 0.74% (issuer page, Sep 11, 2026).

## APRW over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +2.1% | +3.3% | −1.2 pts |
| 6 months | +7.5% | +16.0% | −8.5 pts |
| 1 year | +10.7% | +17.5% | −6.8 pts |
| 3 years | +32.9% | +77.9% | −45.0 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 20% | ETFIQ |
| Outcome period | Apr 1, 2026 to Mar 31, 2027 | ETFIQ |
| Starting cap | +11.9% | ETFIQ |
| SPY return since period start | +17.5% | ETFIQ |
| Fund return since period start | +6.7% | ETFIQ |
| Net assets | $204m | issuer page, as of Sep 10, 2026 |
| Band state today | At cap | ETFIQ |
| Can still gain | 4.2% | issuer, fund price |
| Fall before buffer | 7.0% | issuer, fund price |
| Fall to the buffer in index terms | 14.9% | ETFIQ |
| Protection left in index points | 20.0% of 20.0% | ETFIQ |
| Days left in period | 201 | ETFIQ |
| Expense ratio | 0.74% | issuer page, Sep 11, 2026 |

## Questions

### How much can APRW still gain?

Nothing more in index terms on Sep 11, 2026. SPY has already passed the cap of +11.9% for this period, which runs from Apr 1, 2026 to Mar 31, 2027.

### How far can APRW fall before the buffer helps?

7.0% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 14.9% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the APRW buffer is left?

20.0% of the 20.0% buffer sat below the SPY level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does APRW reset?

The outcome period ends on Mar 31, 2027, 201 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does APRW cost?

The prospectus expense ratio is 0.74% a year.


## Cite this page

ETFIQ, APRW, data as of Sep 11, 2026. https://etfiq.com/funds/aprw
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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