AllianzIM U.S. Large Cap Buffer20 Jul ETF
AZBL
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- Allianz Investment Management LLC (AllianzIM) serves as a registered investment adviser specializing in buffered outcome exchange-traded funds (ETFs) that provide investors with exposure to U.S. large-cap equity returns up to a defined cap while offering downside buffers against specified levels of S&P 500 index losses over targeted outcome periods. The firm offers a comprehensive suite of Buffered Outcome ETFs, including the U.S. Large Cap Buffer10 and Buffer20 series (such as AZBL, AZAL, JULW, SEPT, and JULT), 6 Month Buffer10 strategies (such as SIXJ and SIXO), Buffer15 Uncapped ETFs, and additional variants tracking the S&P 500 Price Return Index with buffers ranging from 10% to 20%, caps adjusted quarterly based on market conditions, and expense ratios of 74 basis points; these products utilize in-house options-based strategies including FLEX options for risk management. AllianzIM, a wholly owned subsidiary of Allianz Life Insurance Company of North America (part of the Allianz Group founded in 1890), is headquartered in Minneapolis, Minnesota, and operates within the Minneapolis hub of Allianz's global investment management network spanning Milan, Munich, Paris, Singapore, and Stuttgart, targeting retail and institutional investors seeking volatility-hedged equity solutions primarily in the United States. In recent developments, AllianzIM continues to expand its Buffered Outcome ETF lineup with periodic series resets, including announcements of new upside caps for July outcome periods extending through June 2023 and ongoing quarterly launches to align with evolving market volatility; the firm launched the July series encompassing AZBL and related funds in July 2020 via platforms like Halo Investing, followed by subsequent October and other monthly iterations providing fresh 12-month outcome periods from inception dates like July 1 to June 30 annually. As of 2023, AllianzIM's ETF suite surpassed $1 billion in assets under management, reflecting sustained growth amid rising demand for defined-outcome strategies amid recession concerns and monetary tightening.