Key stats
About AllianzIM U.S. Large Cap Buffer20 Nov ETF
Home page
Inception date
Oct 31, 2022
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Allianz Investment Management LLC
Distributor
Foreside Fund Services LLC
ISIN
US00888H8447
NVBW uses options in an effort to moderate losses on shares of SPDR S&P 500 ETF Trust (ticker: SPY) over a one-year period, starting in November. In exchange for preventing realization of the first 20% of losses, the fund foregoes some upside return as well as the dividend component of SPY, because the options are written on the price (not total) return version of the shares. Should the shares of SPY decline greater than 20%, investors participate in the downside performance on a $1 for $1 basis. The upside cap resets annually based on SPY's closing price on the business day prior to the outcome period begins. Even if shares are held for the entire outcome period, the intended results may differ. The issuer publishes the interim levels for the cap and downside buffer daily on its website. The targeted cap and buffer do not include the fund's expense ratio. The fund is actively managed and uses FLEX options on SPY shares exclusively.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants100.14%
Cash−0.14%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
NVBW assets under management is 73.40 M USD. It's risen 1.07% over the last month.
NVBW fund flows account for 35.79 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, NVBW doesn't pay dividends to its holders.
NVBW shares are issued by Allianz SE under the brand Allianz. The ETF was launched on Oct 31, 2022, and its management style is Active.
NVBW expense ratio is 0.74% meaning you'd have to pay 0.74% of your investment to help manage the fund.
NVBW follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
NVBW price has risen by 0.92% over the last month, and its yearly performance shows a 9.26% increase. See more dynamics on NVBW price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.93% over the last month, showed a 4.71% increase in three-month performance and has increased by 9.48% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.93% over the last month, showed a 4.71% increase in three-month performance and has increased by 9.48% in a year.
NVBW trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.