AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (SIXO) is an exchange-traded fund that seeks to track the price return of the S&P 500 Index up to a predetermined cap while providing a buffer against the first 10% of losses (before fees and expenses) over a six-month outcome period that resets semiannually in April and October. Issued and managed by Allianz Investment Management LLC (AllianzIM), the fund utilizes options-based strategies and collateral investments to deliver defined outcome exposure to U.S. large-cap equities; it forms part of AllianzIM's broader suite of Buffered Outcome ETFs, including similar U.S. Large Cap 6 Month Buffer10 products with varying reset periods (such as February/August, June/December, and September series), 12-month Buffer10 and Buffer20 ETFs, and newer Buffer Allocation ETFs offering laddered or uncapped strategies. AllianzIM, a registered investment adviser and wholly owned subsidiary of Allianz Life Insurance Company of North America (headquartered in Minneapolis, Minnesota), specializes in risk-managed investment solutions leveraging in-house hedging capabilities to manage over $17 billion in assets under management as of late 2025.
The firm operates within the global Allianz Investment Management network established in 2007, serving as the Minneapolis hub that links insurance premiums from Allianz Group companies worldwide to capital markets across regions including Europe, Asia, and North America; AllianzIM targets institutional affiliates and retail investors seeking volatility mitigation in equity portfolios.
In recent developments, AllianzIM expanded its Buffered Outcome ETF lineup in 2024 and 2025 with launches including four new 6 Month Buffer10 ETFs and the Buffer15 Uncapped Allocation ETF in January 2025, enhancing laddered exposure options; the firm also announced transfers of multiple Buffered ETF listings from NYSE Arca to Cboe BZX Exchange effective early 2026 alongside fund name changes to streamline operations, and periodic resets of upside caps to reflect market conditions.