# SPBU (AllianzIM Buffer15 Uncapped Allocation ETF)

AllianzIM · Buffer ETFs · data as of Oct 9, 2026

As of Oct 9, 2026, SPBU's 12 sleeves have no cap and can fall 6.7% before their buffers.

## Key facts

- SPBU, can still gain, weighted: uncapped, as of Oct 9, 2026.
- SPBU, fall before the buffers, weighted: 6.7%, as of Oct 9, 2026.
- SPBU, protection left, weighted, index points: 15.0%, as of Oct 9, 2026.
- SPBU, days to the next reset: 21, as of Oct 9, 2026.
- SPBU, net assets: $178m on Jul 31, 2026 (N-PORT).
- SPBU, expense ratio: 0.79% (485BPOS XBRL, Feb 27, 2026).

## SPBU over each window to Oct 9, 2026

| Window | Total return | SPY price return | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +2.0% | +3.1% | −1.1 pts |
| 6 months | +10.9% | +14.6% | −3.7 pts |
| 1 year | +11.4% | +16.0% | −4.6 pts |
| Since launch | +25.5% | +35.9% | −10.4 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Kind | Laddered buffer ETF: a fund of 12 buffer ETFs | ETFIQ |
| Reference index | SPY | ETFIQ |
| Sleeves | NVBU, DECU, JANU, FEBU, MARU, ARLU, MAYU, JNEU, JULU, AUGU, SEPU, OCTU | ETFIQ |
| Sleeve outcome periods | about 12 months each, ending on 12 different dates | ETFIQ |
| Weights | its report for Jul 31, 2026 | N-PORT |
| Share of net assets in the sleeves ETFIQ reads | 100.00% | ETFIQ |
| Can still gain, weighted | uncapped | ETFIQ |
| Fall before the buffers, weighted | 6.7% | ETFIQ |
| Protection left, weighted, index points | 15.0% | ETFIQ |
| Next sleeve to reset | NVBU on Oct 31, 2026, in 21 days | ETFIQ |
| Days left, weighted | 188 | ETFIQ |
| Net assets | $178m on Jul 31, 2026 | N-PORT |
| Expense ratio | 0.79% | 485BPOS XBRL, Feb 27, 2026 |
| Sleeve NVBU, 8.30% of net assets | SPY, period ends Oct 31, 2026, can still gain uncapped, fall before buffer 9.5% | ETFIQ |
| Sleeve DECU, 8.28% of net assets | SPY, period ends Nov 30, 2026, can still gain uncapped, fall before buffer 9.6% | ETFIQ |
| Sleeve JANU, 8.32% of net assets | SPY, period ends Dec 31, 2026, can still gain uncapped, fall before buffer 10.0% | ETFIQ |
| Sleeve FEBU, 8.31% of net assets | SPY, period ends Jan 31, 2027, can still gain uncapped, fall before buffer 8.9% | ETFIQ |
| Sleeve MARU, 8.29% of net assets | SPY, period ends Feb 28, 2027, can still gain uncapped, fall before buffer 9.7% | ETFIQ |
| Sleeve ARLU, 8.23% of net assets | SPY, period ends Mar 31, 2027, can still gain uncapped, fall before buffer 13.6% | ETFIQ |
| Sleeve MAYU, 8.42% of net assets | SPY, period ends Apr 30, 2027, can still gain uncapped, fall before buffer 6.4% | ETFIQ |
| Sleeve JNEU, 8.46% of net assets | SPY, period ends May 31, 2027, can still gain uncapped, fall before buffer 2.1% | ETFIQ |
| Sleeve JULU, 8.38% of net assets | SPY, period ends Jun 30, 2027, can still gain uncapped, fall before buffer 3.2% | ETFIQ |
| Sleeve AUGU, 8.38% of net assets | SPY, period ends Jul 31, 2027, can still gain uncapped, fall before buffer 3.6% | ETFIQ |
| Sleeve SEPU, 8.34% of net assets | SPY, period ends Aug 31, 2027, can still gain uncapped, fall before buffer 1.9% | ETFIQ |
| Sleeve OCTU, 8.30% of net assets | SPY, period ends Sep 30, 2027, can still gain uncapped, fall before buffer 2.3% | ETFIQ |

## Questions

### What does SPBU hold?

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.

### How much can SPBU still gain?

SPBU's sleeves have no cap as of Oct 9, 2026, so ETFIQ prints no weighted cap.

### When does SPBU reset?

SPBU itself does not reset. Each sleeve resets on its own date; the next is NVBU on Oct 31, 2026, in 21 days.


## Cite this page

ETFIQ, SPBU, buffer ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/spbu
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at https://etfiq.com/data/.

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