AllianzIM U.S. Equity Buffer10 Nov ETF
NVBT
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
- Nov 1, 2022
- Website
- allianzim.com
- Similar Companies
- Business
- AllianzIM U.S. Large Cap Buffer10 Nov ETF (NVBT) is an exchange-traded fund that seeks to provide investors with share price returns of the SPDR S&P 500 ETF Trust (SPY) up to a predetermined cap, while offering a 10% downside buffer against the first 10% of SPY losses over a defined one-year outcome period from early November to late October each year; the fund achieves these buffered outcomes through an actively managed portfolio primarily consisting of FLEX options on SPY, cash equivalents, and short-term U.S. Treasury securities. Launched on October 31, 2022, NVBT operates within the volatility-hedged equity segment, targeting investors seeking risk-managed exposure to U.S. large-cap equities with explicit downside protection and capped upside participation; it forms part of Allianz Investment Management LLC's (AllianzIM) broader suite of Buffered Outcome ETFs, which includes similar 10%, 20%, and quarterly buffer strategies across various monthly and six-month resets, all benchmarked to SPY performance. AllianzIM U.S. Large Cap Buffer10 Nov ETF trades on the NYSE Arca exchange with approximately $35-36 million in assets under management and a net expense ratio of 0.74%, distributed by Foreside Fund Services, LLC. AllianzIM, the fund's adviser and a registered investment adviser, is a wholly owned subsidiary of Allianz Life Insurance Company of North America, which traces its roots to 1979 and is part of the global Allianz SE headquartered in Munich, Germany; AllianzIM, based in Minneapolis, Minnesota, specializes in innovative risk management strategies leveraging proprietary hedging expertise, managing over $17 billion in assets including a family of more than 30 Buffered ETFs focused on U.S. equity outcomes. The firm operates within Allianz Group's expansive global investment management network spanning hubs in Milan, Minneapolis, Munich, Paris, Singapore, and Stuttgart, serving institutional and retail investors seeking lower volatility equity solutions. In recent developments announced on December 5, 2025, AllianzIM plans to transfer the primary listing of NVBT and approximately 30 related Buffered ETFs from NYSE Arca to Cboe BZX Exchange effective on or about December 22, 2025, alongside a fund name change to AllianzIM U.S. Equity Buffer10 Nov ETF to reflect a streamlined "U.S. Equity" branding for its Large Cap Buffer10 and Buffer20 products; current shareholders require no action, as investment objectives, strategies, and management teams remain unchanged. This operational shift supports enhanced trading efficiency amid growing demand for buffered strategies, building on AllianzIM's ETF suite surpassing $1 billion in assets by 2023.