AllianzIM U.S. Equity Buffer20 Feb ETF
FEBW
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 5701 Golden Hills Drive Minneapolis MN United States of America 55416
- IPO Date
- Feb 1, 2023
- Website
- allianzim.com
- Similar Companies
- Business
- AllianzIM U.S. Large Cap Buffer20 Feb ETF (FEBW) is an exchange-traded fund that seeks to provide investors with share price returns of the SPDR S&P 500 ETF Trust (SPY) up to a specified cap, while offering a buffer against the first 20% of losses over a defined outcome period typically spanning 12 months from early February to late January, before fees and expenses. The fund employs an actively managed strategy utilizing FLEX Options and other derivatives on SPY, backed by collateral primarily consisting of cash equivalents and U.S. Treasuries, to achieve its buffered outcome objectives; it forms part of AllianzIM's broader suite of Buffered Outcome ETFs, including monthly series such as the U.S. Large Cap Buffer20 variants (e.g., MARW, APRW, MAYW) and shorter-term 6-month Buffer10 products. Launched on February 1, 2023, FEBW operates within the defined outcome asset management segment, targeting retail and institutional investors seeking equity exposure with downside protection in U.S. large-cap markets. Allianz Investment Management LLC (AllianzIM), the fund's adviser and a registered investment adviser, is a wholly owned subsidiary of Allianz Life Insurance Company of North America, which traces its roots to 1896 and maintains headquarters in Minneapolis, Minnesota; AllianzIM leverages the proprietary hedging platform of its parent Allianz Group, a Munich-based global financial services leader founded in 1890, to manage over $155 billion in hedged assets as of late 2024. The ETF trades on NYSE Arca and is distributed through unaffiliated entities like Foreside Fund Services, LLC, with assets under management approximating $106 million and an expense ratio of 0.74% as of mid-2025. In recent developments, AllianzIM launched two new quarterly reset Buffered Outcome ETFs in July 2025—the AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO) and U.S. Equity Buffer15 ETF (QBSF)—expanding its risk management offerings with enhanced flexibility at a 0.64% expense ratio, utilizing in-house hedging capabilities tied to Allianz Group's infrastructure; earlier in 2024, the firm introduced four new 6-month Buffer10 ETFs to provide additional short-term outcome periods. These expansions complement ongoing resets and launches across the Buffered Outcome lineup, reinforcing AllianzIM's focus on innovative derivatives-based strategies amid volatile equity markets. The firm continues to draw on Allianz Life's distribution networks and Allianz SE's global scale for product accessibility, primarily serving U.S.-based investors through major broker-dealers and platforms.