AllianzIM U.S. Large Cap Buffer10 Oct ETF
AZAO
New York Stock Exchange Arca- -
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
- Sep 30, 2020
- CIK
- 0001797318
- Similar Companies
- Business
- AllianzIM U.S. Large Cap Buffer10 Oct ETF (AZAO) is an exchange-traded fund that seeks to provide returns of the S&P 500 Price Return Index up to a predefined cap while offering a buffer against the first 10% of index losses over a specified one-year outcome period, net of fees and expenses; it achieves these buffered outcomes through a portfolio of Flexible Exchange (FLEX) options referencing the SPDR S&P 500 ETF Trust (SPY) and cash equivalents. The fund operates as part of the AIM ETF Products Trust series of buffered outcome ETFs managed by Allianz Investment Management LLC (AllianzIM), including similar products like AZBO (20% buffer variant) and rolling annual series such as October, September, and others tracking large-cap U.S. equity performance with defined risk parameters. Launched on September 30, 2020, AZAO trades on NYSE Arca with assets under management of approximately $64.51 million as of recent data, a net expense ratio of 0.74%, and portfolio management led by Thomas Paustian at AllianzIM, headquartered in Minneapolis, Minnesota. AllianzIM, a registered investment adviser and wholly owned subsidiary of Allianz Life Insurance Company of North America, specializes in innovative risk management strategies leveraging in-house hedging capabilities; as part of the Allianz Group—headquartered in Munich, Germany, with over 130 years of history—the firm benefits from a global network across hubs in Milan, Minneapolis, Munich, Paris, Singapore, and Stuttgart, managing over $17.6 billion in assets. Recent developments include ongoing resets of outcome periods with updated caps and buffers reflecting market conditions, such as new annual series launches exemplified by the October 2024 iteration; AllianzIM continues to expand its buffered outcome ETF suite amid volatile markets, maintaining its position as a provider of low-cost (74 basis points) risk-mitigation products for U.S. large-cap equity exposure targeting retail and institutional investors seeking capital protection alongside growth potential.