# FEBW (AllianzIM U.S. Equity Buffer20 ETF - Feb)

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

As of Sep 11, 2026, FEBW sits between its buffer and its cap, with SPY up 10.4% since the period began.

## Key facts

- FEBW, can still gain: 3.8%, as of Sep 11, 2026.
- FEBW, fall before the buffer: 6.2%, as of Sep 11, 2026.
- FEBW, protection left, index points: 20.0%, as of Sep 11, 2026.
- FEBW, days to reset: 140, as of Sep 11, 2026.
- FEBW, net assets: $198m (issuer page, as of Sep 10, 2026).
- FEBW, expense ratio: 0.74% (issuer page, Sep 11, 2026).

## FEBW over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +2.4% | +3.3% | −0.9 pts |
| 6 months | +7.7% | +16.0% | −8.3 pts |
| 1 year | +9.8% | +17.5% | −7.7 pts |
| 3 years | +36.0% | +77.9% | −41.9 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 20% | ETFIQ |
| Outcome period | Feb 1, 2026 to Jan 31, 2027 | ETFIQ |
| Starting cap | +10.6% | ETFIQ |
| SPY return since period start | +10.4% | ETFIQ |
| Fund return since period start | +5.8% | ETFIQ |
| Net assets | $198m | issuer page, as of Sep 10, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 3.8% | issuer, fund price |
| Fall before buffer | 6.2% | issuer, fund price |
| Fall to the buffer in index terms | 9.5% | ETFIQ |
| Protection left in index points | 20.0% of 20.0% | ETFIQ |
| Days left in period | 140 | ETFIQ |
| Expense ratio | 0.74% | issuer page, Sep 11, 2026 |

## Questions

### How much can FEBW still gain?

About 3.8% from its price on Sep 11, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +10.6%.

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

6.2% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 9.5% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the FEBW 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 FEBW reset?

The outcome period ends on Jan 31, 2027, 140 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does FEBW cost?

The prospectus expense ratio is 0.74% a year.


## Cite this page

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

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