# MARU (AllianzIM U.S. Equity Buffer15 Uncapped ETF - Mar)

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

As of Sep 11, 2026, MARU has no cap on its upside, and resets in 168 days.

## Key facts

- MARU, can still gain: uncapped, as of Sep 11, 2026.
- MARU, fall before the buffer: 8.2%, as of Sep 11, 2026.
- MARU, protection left, index points: 15.0%, as of Sep 11, 2026.
- MARU, days to reset: 168, as of Sep 11, 2026.
- MARU, net assets: $35m (issuer page, as of Sep 10, 2026).
- MARU, expense ratio: 0.74% (issuer page, Sep 11, 2026).

## MARU over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +1.8% | +3.3% | −1.5 pts |
| 6 months | +10.7% | +16.0% | −5.3 pts |
| 1 year | +11.3% | +17.5% | −6.2 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 15% | ETFIQ |
| Outcome period | Mar 1, 2026 to Feb 28, 2027 | ETFIQ |
| Starting cap | uncapped | ETFIQ |
| SPY return since period start | +11.4% | ETFIQ |
| Fund return since period start | +8.1% | ETFIQ |
| Net assets | $35m | issuer page, as of Sep 10, 2026 |
| Band state today | Uncapped | ETFIQ |
| Can still gain | uncapped | issuer, fund price |
| Fall before buffer | 8.2% | issuer, fund price |
| Fall to the buffer in index terms | 10.2% | ETFIQ |
| Protection left in index points | 15.0% of 15.0% | ETFIQ |
| Days left in period | 168 | ETFIQ |
| Expense ratio | 0.74% | issuer page, Sep 11, 2026 |

## Questions

### Does MARU have a cap?

No. MARU takes a share of any further rise in SPY, so there is no ceiling on the upside this period.

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

8.2% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 10.2% from that level before the buffer begins. Losses until that point are the holder's.

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

15.0% of the 15.0% 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 MARU reset?

The outcome period ends on Feb 28, 2027, 168 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does MARU cost?

The prospectus expense ratio is 0.74% a year.


## Cite this page

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

HTML: https://etfiq.com/funds/maru  ·  JSON: https://etfiq.com/funds/maru.json