AllianzIM has launched the Buffer15 Uncapped Allocation ETF (NYSE: SPBU), expanding its Buffer Allocation ETF suite. This innovative fund-of-funds provides a single-ticker solution for accessing buffered ETFs with uncapped upside potential while offering protection against the first 15% of losses over a one-year outcome period.
The ETF invests in a laddered portfolio of 12 AllianzIM U.S. Equity Buffer15 Uncapped ETFs, with one underlying ETF resetting its buffer monthly to help smooth market fluctuations. The fund is offered at an expense ratio of 79 basis points annually, with a net expense ratio reflecting a reduced management fee of 0.05% through February 28, 2026.
This launch complements AllianzIM's existing suite, which includes the Buffer20 ETFs (SPBW) and Buffer10 ETFs (SPBX). The company leverages its proprietary hedging platform, managing over $155 billion in hedged assets as of December 31, 2024.