AllianzIM U.S. Equity 6 Month Floor5 Jan/Jul ETF
FLJJ
Chicago Board Options Exchange- -
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
- Feb 1, 2024
- Website
- allianzim.com
- Similar Companies
- Business
- AllianzIM U.S. Large Cap 6 Month Floor5 Jan/Jul ETF (FLJJ) is an exchange-traded fund that seeks to provide exposure to the price return of the SPDR S&P 500 ETF Trust (SPY) over a six-month outcome period, subject to a predefined cap on upside gains and a floor limiting investor losses to 5% before fees and expenses; the fund achieves these buffered outcomes through a portfolio primarily consisting of FLEX options on SPY, cash equivalents, and U.S. Treasuries. FLJJ operates within the defined outcome ETF segment of the asset management industry, targeting retail and institutional investors seeking equity market participation with downside protection; it features semi-annual outcome periods running from January to June and July to December, with caps and floors resetting at the start of each period (e.g., current period July 1, 2025, to December 31, 2025, with indicative gross cap of 6.26%). The ETF, which lists on NYSE Arca with CUSIP 00888H638 and a net expense ratio of 0.74%, holds a concentrated portfolio of typically three holdings dominated by call and put options on SPY maturing at period-end. Launched on January 31, 2024, FLJJ is managed by Allianz Investment Management LLC (AllianzIM), a Minneapolis, Minnesota-based registered investment adviser founded in 2001 as a wholly owned subsidiary of Allianz Life Insurance Company of North America. In recent developments, AllianzIM announced in late 2024 the transfer of FLJJ and multiple other Buffered Outcome ETF listings from NYSE Arca to Cboe BZX Exchange, alongside fund name structure updates to enhance clarity and operational efficiency; the firm continues to expand its defined outcome ETF suite, including ongoing resets for FLJJ's outcome periods and launches of complementary products like the Floor5 series to bolster risk-managed equity offerings. AllianzIM operates primarily in the United States, distributing its ETFs through Foreside Fund Services, LLC, with no reported recent acquisitions, funding rounds, or strategic partnerships specific to FLJJ.