SEPT ETF — AllianzIM U.S. Equity Buffer10 Sep ETF

AllianzIM U.S. Equity Buffer10 Sep ETF (SEPT)

Updated October 16, 2026.

SEPT is an ETF. its expense ratio is 0.74%. Total return is 53.3% over the past 3.1 years, 22.7 points behind SPY at 76.0%.

This ETF invests substantially all of its assets in flexible exchange options that reference a U.S. large-cap equity ETF, providing exposure to large-cap equities with built-in downside protection. The fund does not currently distribute income and has an expense ratio of 0.74%. It may appeal to equity investors seeking to reduce downside risk while maintaining upside participation in U.S. large-cap stocks.

SEPT performance versus SPY

Price and return data through 2026-10-16.

Total return is 53.3% over the past 3.1 years, 22.7 points behind SPY at 76.0%. Over the past year its total return — price change plus distributions reinvested — is 12.3%. Its deepest 1-year drawdown was 5.4%.

SEPT key facts

Issuer

AllianzIM

Asset type

ETF

Asset class

Equity

Inception date

08/31/2023

Expense ratio

0.74%

Distribution frequency

None

Last close

$38.41 (as of 2026-10-16)

AUM

$38,595,031

Average volume

1044.0

Beta

0.63

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: AllianzIM; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SEPT risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 5.4%.

Who may consider SEPT — and who may not

It is a weaker fit for investors who need monthly cash flow (SEPT does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on SEPT

• All tickers starting with S

Tagged: Downside Protection, Options, Target.

Frequently asked questions

More securities from AllianzIM.