Key stats
About AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF
Expense ratio
0.74%
Home page
Inception date
Sep 30, 2021
SIXO uses options in an effort to moderate losses on the S&P 500 over a six-month period that starts each October and resets in April (or vice versa). The fund foregoes some upside return as well as the S&P 500s dividend component, because the options are written on the price (not total) return version of the index. In exchange for preventing realization of the first 10% of the S&P 500s losses, investors forego upside participation above a certain threshold, which is reset semi-annually. Investors who buy at any other time than the semi-annual reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. Even if shares are held for the entire outcome period, the outcome may differ from the intended results. The targeted buffers and caps do not include the funds expense ratio. The fund is actively managed, resets semi-annually and uses listed options exclusively.
Classification
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants99.71%
Cash0.29%
Displays a symbol's price movements over previous years to identify recurring trends.