{
 "ticker": "SPBU",
 "name": "AllianzIM Buffer15 Uncapped Allocation ETF",
 "issuer": "AllianzIM",
 "desk": "buffer",
 "url": "https://etfiq.com/funds/spbu",
 "html": "https://etfiq.com/funds/spbu",
 "markdown": "https://etfiq.com/funds/spbu.md",
 "as_of": "2026-10-09",
 "verdict": "As of Oct 9, 2026, SPBU's 12 sleeves have no cap and can fall 6.7% before their buffers.",
 "key_facts": [
  {
   "key": "can_still_gain_weighted",
   "label": "Can still gain, weighted",
   "value": "uncapped",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "SPBU, can still gain, weighted: uncapped, as of Oct 9, 2026."
  },
  {
   "key": "fall_before_the_buffers_weighted",
   "label": "Fall before the buffers, weighted",
   "value": "6.7%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "SPBU, fall before the buffers, weighted: 6.7%, as of Oct 9, 2026."
  },
  {
   "key": "protection_left_weighted_index_points",
   "label": "Protection left, weighted, index points",
   "value": "15.0%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "SPBU, protection left, weighted, index points: 15.0%, as of Oct 9, 2026."
  },
  {
   "key": "days_to_the_next_reset",
   "label": "Days to the next reset",
   "value": "21",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "SPBU, days to the next reset: 21, as of Oct 9, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$178m on Jul 31, 2026",
   "source": "N-PORT",
   "as_of": "2026-10-09",
   "sentence": "SPBU, net assets: $178m on Jul 31, 2026 (N-PORT)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.79%",
   "source": "485BPOS XBRL, Feb 27, 2026",
   "as_of": "2026-10-09",
   "sentence": "SPBU, expense ratio: 0.79% (485BPOS XBRL, Feb 27, 2026)."
  }
 ],
 "fields": [
  {
   "key": "kind",
   "label": "Kind",
   "value": "Laddered buffer ETF: a fund of 12 buffer ETFs",
   "source": null
  },
  {
   "key": "reference_index",
   "label": "Reference index",
   "value": "SPY",
   "source": null
  },
  {
   "key": "sleeves",
   "label": "Sleeves",
   "value": "NVBU, DECU, JANU, FEBU, MARU, ARLU, MAYU, JNEU, JULU, AUGU, SEPU, OCTU",
   "source": null
  },
  {
   "key": "sleeve_outcome_periods",
   "label": "Sleeve outcome periods",
   "value": "about 12 months each, ending on 12 different dates",
   "source": null
  },
  {
   "key": "weights",
   "label": "Weights",
   "value": "its report for Jul 31, 2026",
   "source": "N-PORT"
  },
  {
   "key": "share_of_net_assets_in_the_sleeves_etfiq_reads",
   "label": "Share of net assets in the sleeves ETFIQ reads",
   "value": "100.00%",
   "source": null
  },
  {
   "key": "can_still_gain_weighted",
   "label": "Can still gain, weighted",
   "value": "uncapped",
   "source": "ETFIQ"
  },
  {
   "key": "fall_before_the_buffers_weighted",
   "label": "Fall before the buffers, weighted",
   "value": "6.7%",
   "source": "ETFIQ"
  },
  {
   "key": "protection_left_weighted_index_points",
   "label": "Protection left, weighted, index points",
   "value": "15.0%",
   "source": "ETFIQ"
  },
  {
   "key": "next_sleeve_to_reset",
   "label": "Next sleeve to reset",
   "value": "NVBU on Oct 31, 2026, in 21 days",
   "source": null
  },
  {
   "key": "days_left_weighted",
   "label": "Days left, weighted",
   "value": "188",
   "source": "ETFIQ"
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$178m on Jul 31, 2026",
   "source": "N-PORT"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.79%",
   "source": "485BPOS XBRL, Feb 27, 2026"
  },
  {
   "key": "sleeve_nvbu_8_30_of_net_assets",
   "label": "Sleeve NVBU, 8.30% of net assets",
   "value": "SPY, period ends Oct 31, 2026, can still gain uncapped, fall before buffer 9.5%",
   "source": null
  },
  {
   "key": "sleeve_decu_8_28_of_net_assets",
   "label": "Sleeve DECU, 8.28% of net assets",
   "value": "SPY, period ends Nov 30, 2026, can still gain uncapped, fall before buffer 9.6%",
   "source": null
  },
  {
   "key": "sleeve_janu_8_32_of_net_assets",
   "label": "Sleeve JANU, 8.32% of net assets",
   "value": "SPY, period ends Dec 31, 2026, can still gain uncapped, fall before buffer 10.0%",
   "source": null
  },
  {
   "key": "sleeve_febu_8_31_of_net_assets",
   "label": "Sleeve FEBU, 8.31% of net assets",
   "value": "SPY, period ends Jan 31, 2027, can still gain uncapped, fall before buffer 8.9%",
   "source": null
  },
  {
   "key": "sleeve_maru_8_29_of_net_assets",
   "label": "Sleeve MARU, 8.29% of net assets",
   "value": "SPY, period ends Feb 28, 2027, can still gain uncapped, fall before buffer 9.7%",
   "source": null
  },
  {
   "key": "sleeve_arlu_8_23_of_net_assets",
   "label": "Sleeve ARLU, 8.23% of net assets",
   "value": "SPY, period ends Mar 31, 2027, can still gain uncapped, fall before buffer 13.6%",
   "source": null
  },
  {
   "key": "sleeve_mayu_8_42_of_net_assets",
   "label": "Sleeve MAYU, 8.42% of net assets",
   "value": "SPY, period ends Apr 30, 2027, can still gain uncapped, fall before buffer 6.4%",
   "source": null
  },
  {
   "key": "sleeve_jneu_8_46_of_net_assets",
   "label": "Sleeve JNEU, 8.46% of net assets",
   "value": "SPY, period ends May 31, 2027, can still gain uncapped, fall before buffer 2.1%",
   "source": null
  },
  {
   "key": "sleeve_julu_8_38_of_net_assets",
   "label": "Sleeve JULU, 8.38% of net assets",
   "value": "SPY, period ends Jun 30, 2027, can still gain uncapped, fall before buffer 3.2%",
   "source": null
  },
  {
   "key": "sleeve_augu_8_38_of_net_assets",
   "label": "Sleeve AUGU, 8.38% of net assets",
   "value": "SPY, period ends Jul 31, 2027, can still gain uncapped, fall before buffer 3.6%",
   "source": null
  },
  {
   "key": "sleeve_sepu_8_34_of_net_assets",
   "label": "Sleeve SEPU, 8.34% of net assets",
   "value": "SPY, period ends Aug 31, 2027, can still gain uncapped, fall before buffer 1.9%",
   "source": null
  },
  {
   "key": "sleeve_octu_8_30_of_net_assets",
   "label": "Sleeve OCTU, 8.30% of net assets",
   "value": "SPY, period ends Sep 30, 2027, can still gain uncapped, fall before buffer 2.3%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+2.0%",
   "SPY price return": "+3.1%",
   "Gap to SPY": "\u22121.1 pts"
  },
  {
   "window": "6 months",
   "Total return": "+10.9%",
   "SPY price return": "+14.6%",
   "Gap to SPY": "\u22123.7 pts"
  },
  {
   "window": "1 year",
   "Total return": "+11.4%",
   "SPY price return": "+16.0%",
   "Gap to SPY": "\u22124.6 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+25.5%",
   "SPY price return": "+35.9%",
   "Gap to SPY": "\u221210.4 pts"
  }
 ],
 "questions": [
  {
   "q": "What does SPBU hold?",
   "a": "SPBU holds 12 buffer ETFs: NVBU, DECU, JANU, FEBU, MARU, ARLU, MAYU, JNEU, JULU, AUGU, SEPU, OCTU. Its N-PORT for Jul 31, 2026 puts 100.0% of its net assets in them."
  },
  {
   "q": "How much can SPBU still gain?",
   "a": "SPBU's sleeves have no cap as of Oct 9, 2026, so ETFIQ prints no weighted cap."
  },
  {
   "q": "When does SPBU reset?",
   "a": "SPBU itself does not reset. Each sleeve resets on its own date; the next is NVBU on Oct 31, 2026, in 21 days."
  }
 ],
 "generated": "2026-10-09",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, SPBU, buffer ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/spbu"
}