AllianzIM U.S. Large Cap Buffer20 Apr ETF
AZBA
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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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
- May 28, 2020
- CIK
- 0001797318
- Similar Companies
- Business
- AllianzIM U.S. Large Cap Buffer20 Apr ETF (AZBA) is an exchange-traded fund that seeks to provide investors with buffered exposure to the price return of the iShares Core S&P 500 ETF, up to a cap, over a specific outcome period typically ending in April each year. The fund employs an options-based strategy involving FLEX options on the S&P 500 Index to deliver its target outcomes, including approximately 20% downside buffer protection before fees and expenses while capping upside potential; it holds a portfolio primarily consisting of cash equivalents and options contracts written by counterparties. AZBA forms part of Allianz Investment Management's suite of Buffer10 and Buffer20 ETFs, which target defined outcome strategies for U.S. large-cap equities, serving retail and institutional investors seeking equity-like returns with principal protection features. Headquartered in Minneapolis, Minnesota, under the management of Allianz Investment Management LLC—a subsidiary of Allianz Global Investors U.S. LLC, itself part of the global Allianz SE financial group—the fund operates within the U.S. exchange-traded fund segment of the asset management industry. It trades on major U.S. exchanges and targets investors interested in tactical equity allocation with risk-defined parameters, with geographic focus limited to U.S. markets via underlying S&P 500 exposure. In recent developments, AllianzIM expanded its defined outcome ETF lineup in 2024-2025 with new Buffer20 series launches aligned to quarterly resets, including AZBA's ongoing outcome periods; the firm also announced strategic enhancements to its options overlay capabilities through deepened counterparty relationships and portfolio optimization tools as of mid-2025. No major acquisitions or funding rounds were reported for the specific ETF, but Allianz Global Investors continued integrating ESG considerations into select outcome strategies amid broader industry shifts toward sustainable investing. These updates reflect AllianzIM's commitment to innovating buffer strategies amid volatile equity markets.