AllianzIM U.S. Large Cap Buffer20 Jan ETF
AZBJ
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
- DE United States of America
- IPO Date
- Dec 31, 2020
- CIK
- 0001797318
- Similar Companies
- Business
- AllianzIM U.S. Large Cap Buffer20 Jan ETF (AZBJ) is an exchange-traded fund that seeks to provide share price returns of the SPDR S&P 500 ETF Trust (SPY) up to a predefined cap over a one-year outcome period starting in January, while offering a buffer against the first 20% of losses in the underlying ETF; it employs an options-based strategy involving FLEX options to achieve these defined outcomes. The fund holds a concentrated portfolio typically comprising SPY shares and options contracts, with substantially all assets allocated to these instruments, and operates within the U.S. large cap equity segment using a broad-based, options collar approach. Launched on December 30, 2020, AZBJ is issued and managed by Allianz Investment Management LLC (AllianzIM), a Minneapolis-based registered investment adviser and wholly owned subsidiary of Allianz Life Insurance Company of North America, which specializes in innovative risk management strategies including a suite of buffered outcome ETFs. AllianzIM, part of the global Allianz Investment Management network established in 2007 and headquartered in Golden Valley, Minnesota, manages approximately $17.6 billion in assets under management, focusing on U.S. investors seeking equity exposure with downside protection through products like Buffer10, Buffer15, and Buffer20 ETFs across various outcome periods. The firm operates primarily in the United States, targeting retail and institutional investors interested in volatility-hedged equity strategies. In recent developments, AllianzIM launched quarterly reset buffered ETFs, including the U.S. Equity Buffer100 Protection ETF (AIOO) and U.S. Equity Buffer15 ETF (QBSF) in July 2025, along with a new Buffer15 Uncapped ETF series planned for full rollout by March 2025 and a suite of Buffer Allocation ETFs in January 2025 to offer diversified, single-ticker risk-managed solutions. Additionally, in December 2025, AllianzIM announced the transfer of listings for multiple Buffered ETFs, including U.S. Large Cap Buffer20 series funds, from NYSE Arca to Cboe BZX Exchange effective around December 22, alongside naming convention updates for select products to enhance accessibility and alignment. These strategic shifts expand AllianzIM's buffered ETF lineup, leveraging its in-house hedging platform to manage over $155 billion in hedged assets globally as of late 2024.