AllianzIM Offers New Upside Caps for July Buffered ETFs Series

MINNEAPOLIS — July 5, 2023 — Allianz Investment Management LLC (AllianzIM), a registered investment adviser and wholly owned subsidiary of Allianz Life Insurance Company of North America, announces new upside Caps for the July series of its Buffered Exchange Traded Funds (ETFs) suite. The series includes two ETFs with a 12-month Outcome Period: The AllianzIM U.S. Large Cap Buffer10 Jul ETF (NYSE Arca: JULT) and the AllianzIM U.S. Large Cap Buffer20 Jul ETF (NYSE Arca: JULW), as well as the AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (NYSE Arca: SIXJ) with a six-month Outcome Period.

While Congressional leaders were able to strike a deal resolving the debt-ceiling crisis, equity markets remain volatile as investors gauge the outlook for future interest rate increases from the Federal Reserve and the potential for a recession. Amid ongoing market uncertainty in the second half of the year, the July series reset creates new entry points for investors seeking new risk management solutions. The ETFs are designed to offer a downside buffer of 10% or 20% against market drops, while allowing investors the opportunity to participate in the upside potential of the SPDR S&P 500 ETF Trust up to a stated Cap.

“Our goal at AllianzIM is to arm investors with tools to make smart investment decisions that help them meet their financial goals,” said Brian Muench, President of AllianzIM. “The July series reset equips investors with tools to gain exposure to U.S equity markets while mitigating risk.”

The AllianzIM Buffered ETFs seek to leverage AllianzIM’s core strengths, which include risk management experience and in-house hedging capabilities. As part of one of the largest asset management and diversified insurance companies in the world, AllianzIM is powered by the same proprietary in-house hedging platform that is used among affiliates to help manage more than $143 billion (as of 3/31/23) in hedged assets for institutional and retail investors around the globe. Offering a new way to help investors seek to mitigate risk and reduce volatility, these ETFs complement Allianz Life’s suite of annuity and life insurance products.

AllianzIM’s Buffered ETFs are offered at an expense ratio of 74 basis points. The 12-month Outcome Period of the July series ETFs will be July 1, 2023 to June 30, 2024. The six-month Outcome Period will be July 1, 2023 to December 31, 2023. Each Outcome Period reflects a new stated Cap commensurate with prevailing market conditions, allowing investors to remain invested while seeking a buffer that absorbs the first 10% or 20% of potential losses in the SPDR S&P 500 ETF Trust (gross of fees).

“Keeping your cash on the sidelines right now may not be a wise choice for everyone because you’re forsaking the opportunity for growth,” said Johan Grahn, Head ETF Market Strategist, AllianzIM. “Sticky inflation and high interest rates are eroding investor capital, but investing in our Buffered ETFs positions investors to capture potential returns with some risk mitigation for the unknown.”

For more information on the AllianzIM Buffered ETF suite, please visit www.allianzIMetfs.com.

(1) Gross reflects the Cap and Buffer prior to taking into account the 0.74% expense ratio of the ETF while Net accounts for the expense ratio, but does not include brokerage commissions, trading fees, taxes and non-routine or extraordinary expenses. The Cap and Buffer experienced by investors may be different than the stated numbers. The funds’ website, at www.allianzIMetfs.com, provides important fund information as well as information relating to the potential outcomes of an investment in the Fund on a daily basis.

Investing involves risk including possible loss of principal.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus with this and other information about the Fund, please visit www.allianzIMetfs.com or call 877.429.3837. Read the prospectus carefully before investing.

There is no guarantee the funds will achieve their investment objectives. You may lose your entire investment, regardless of when you purchase shares, and even if you hold shares for an entire Outcome Period. The Fund may not be suitable for all investors.

To learn more, visit www.allianzIMetfs.com.

To achieve the target outcomes sought by the Fund for an Outcome Period, an investor must hold Fund Shares for that entire Outcome Period. An investor that purchases Fund Shares after the Outcome Period has begun or sells Fund Shares prior to the end of the Outcome Period may experience results that are very different from the investment objective sought by the Fund for that Outcome Period.

Investors may lose their entire investment, regardless of when they purchase shares, and even if they hold shares for an entire Outcome Period. Full extent of Caps and Buffers only apply if held for stated Outcome Period and are not guaranteed. The Cap may increase or decrease and may vary significantly.

The Funds seek to deliver returns that match, at the end of a specified one-year or six-month period (outcome period) the share price returns of the SPDR S&P 500 ETF Trust up to a predetermined Cap, while limiting downside losses by the amount of a specified Buffer, before fees and expenses.