# SPBW (AllianzIM Buffer20 Allocation ETF)

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

As of Oct 9, 2026, SPBW's 12 sleeves can still gain 5.5% on average and can fall 5.6% before their buffers.

## Key facts

- SPBW, can still gain, weighted: 5.5%, as of Oct 9, 2026.
- SPBW, fall before the buffers, weighted: 5.6%, as of Oct 9, 2026.
- SPBW, protection left, weighted, index points: 20.0%, as of Oct 9, 2026.
- SPBW, days to the next reset: 21, as of Oct 9, 2026.
- SPBW, net assets: $84m on Jul 31, 2026 (N-PORT).
- SPBW, expense ratio: 0.79% (485BPOS XBRL, Feb 27, 2026).

## SPBW over each window to Oct 9, 2026

| Window | Total return | SPY price return | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +2.5% | +3.1% | −0.6 pts |
| 6 months | +6.5% | +14.6% | −8.1 pts |
| 1 year | +9.7% | +16.0% | −6.3 pts |
| Since launch | +18.1% | +32.1% | −14.0 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Kind | Laddered buffer ETF: a fund of 12 buffer ETFs | ETFIQ |
| Reference index | SPY | ETFIQ |
| Sleeves | NVBW, DECW, JANW, FEBW, MARW, APRW, MAYW, JUNW, JULW, AUGW, SEPW, OCTW | 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 | 5.5% | ETFIQ |
| Fall before the buffers, weighted | 5.6% | ETFIQ |
| Protection left, weighted, index points | 20.0% | ETFIQ |
| Next sleeve to reset | NVBW on Oct 31, 2026, in 21 days | ETFIQ |
| Days left, weighted | 188 | ETFIQ |
| Net assets | $84m on Jul 31, 2026 | N-PORT |
| Expense ratio | 0.79% | 485BPOS XBRL, Feb 27, 2026 |
| Sleeve NVBW, 8.36% of net assets | SPY, period ends Oct 31, 2026, can still gain 0.6%, fall before buffer 9.8% | ETFIQ |
| Sleeve DECW, 8.42% of net assets | SPY, period ends Nov 30, 2026, can still gain 1.3%, fall before buffer 9.1% | ETFIQ |
| Sleeve JANW, 8.34% of net assets | SPY, period ends Dec 31, 2026, can still gain 1.9%, fall before buffer 7.9% | ETFIQ |
| Sleeve FEBW, 8.34% of net assets | SPY, period ends Jan 31, 2027, can still gain 2.7%, fall before buffer 7.2% | ETFIQ |
| Sleeve MARW, 8.37% of net assets | SPY, period ends Feb 28, 2027, can still gain 3.2%, fall before buffer 7.0% | ETFIQ |
| Sleeve APRW, 8.30% of net assets | SPY, period ends Mar 31, 2027, can still gain 3.3%, fall before buffer 7.8% | ETFIQ |
| Sleeve MAYW, 8.22% of net assets | SPY, period ends Apr 30, 2027, can still gain 5.6%, fall before buffer 5.1% | ETFIQ |
| Sleeve JUNW, 8.20% of net assets | SPY, period ends May 31, 2027, can still gain 8.5%, fall before buffer 3.2% | ETFIQ |
| Sleeve JULW, 8.33% of net assets | SPY, period ends Jun 30, 2027, can still gain 8.4%, fall before buffer 3.5% | ETFIQ |
| Sleeve AUGW, 8.38% of net assets | SPY, period ends Jul 31, 2027, can still gain 8.8%, fall before buffer 3.0% | ETFIQ |
| Sleeve SEPW, 8.36% of net assets | SPY, period ends Aug 31, 2027, can still gain 10.4%, fall before buffer 1.8% | ETFIQ |
| Sleeve OCTW, 8.36% of net assets | SPY, period ends Sep 30, 2027, can still gain 10.9%, fall before buffer 1.7% | ETFIQ |

## Questions

### What does SPBW hold?

SPBW holds 12 buffer ETFs: NVBW, DECW, JANW, FEBW, MARW, APRW, MAYW, JUNW, JULW, AUGW, SEPW, OCTW. Its N-PORT for Jul 31, 2026 puts 100.0% of its net assets in them.

### How much can SPBW still gain?

Weighted by its N-PORT, SPBW's sleeves can still gain 5.5% as of Oct 9, 2026, each sleeve's issuer figure in fund-price terms.

### When does SPBW reset?

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


## Cite this page

ETFIQ, SPBW, buffer ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/spbw
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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