Key stats
About AllianzIM U.S. Large Cap Buffer10 Apr ETF
Expense ratio
0.74%
Home page
Inception date
May 28, 2020
ISIN
US00888H1095
APRT 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 December (except for its initial year which starts in June). 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. In exchange for preventing realization of the first 10% of the losses in SPY value. Should the shares of SPY decline greater than 10%, investors participate in the downside performance on a $1 for $1 basis. The upside cap resets annually based on SPYs 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 funds expense ratio and should be taken into consideration. The fund is actively managed and uses FLEX options on SPY shares exclusively. Prior to October 31, 2022, the fund traded under the ticker, AZAA.
Classification
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants99.98%
Cash0.02%