AllianzIM Announces New Upside Caps for April Buffered ETF Series

Reset offers tools for investors to navigate continuing market volatility

MINNEAPOLIS - April 3, 2023 - Allianz Investment Management LLC (AllianzIM), a wholly-owned subsidiary of Allianz Life Insurance Company of North America (Allianz Life ®), announces new upside Caps for the April series of its Buffered Exchange Traded Funds (ETFs) suite. The series includes two ETFs with a twelve-month Outcome Period: AllianzIM U.S. Large Cap Buffer10 Apr ETF (NYSE Arca: APRT) and AllianzIM U.S. Large Cap Buffer20 Apr ETF (NYSE Arca: APRW), as well as the AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (NYSE Arca: SIXO) with a six-month Outcome Period.

With ongoing market volatility causing persistent uncertainty among investors, AllianzIM’s Buffered ETFs provide investors access to versatile risk mitigation strategies. The ETFs are crafted to seek 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.

Ticker / Fund

Reference Asset

Buffer1

Cap1

Outcome Period Start Date

Outcome Period End Date

APRT

 

AllianzIM U.S. Large Cap Buffer10 Apr ETF

SPDR S&P 500 ETF Trust

10% Gross / 9.26% Net

18.87% Gross / 18.13% Net

 

Apr.1, 2023

Mar. 31, 2024

APRW

 

AllianzIM U.S. Large Cap Buffer20 Apr ETF

SPDR S&P 500 ETF Trust

20% Gross / 19.26% Net

12.69% Gross 11.95% Net

Apr.1, 2023

Mar. 31, 2024

SIXO

 

AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF

SPDR S&P 500 ETF Trust

10% Gross / 9.63% Net

8.97% Gross / 8.60% Net

April 1, 2023

September 30, 2023

"Our goal at AllianzIM is simple: to help investors achieve their retirement and financial goals," said Brian Muench, President of AllianzIM. "Our ETFs provide investors the right tools to stay invested in the market, despite unexpected swings stemming from the unsettled macroeconomic environment. The concept has proven popular with investors, with our suite of ETFs recently passing $1 billion in assets under management."

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 $149 billion (as of 12/31/22) 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 April series ETFs will be April 1, 2023 to March 31, 2024. The 6-month Outcome Period will be April 1, 2023 to September 30, 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).

“Many questions remain about the direction of the markets and broader economy. Our ETFs provide investors access to the U.S. equity markets while seeking to mitigate some explicit risk on the downside,” says Johan Grahn, Head ETF Market Strategist at AllianzIM. “If the market does rally again, investors will be well positioned to capture potential returns. There’s no participation if you are sitting on the sidelines.”

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


The Buffered ETFs investment strategies are different from more typical investment products, and the Funds may be unsuitable for some investors. It is important that investors understand the investment strategy before making an investment. For more information regarding whether an investment in the Funds is right for you, please see the prospectus including “Investor Considerations."

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 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.

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.

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.

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.

ETF’s distributed by Foreside Fund Services, LLC.

AllianzIM, a wholly owned subsidiary of Allianz Life Insurance Company of North America, is a registered investment adviser. AllianzIM provides hedging and other derivatives-based risk management solutions through its proprietary platform.

About Allianz Company Profile

Allianz Life Insurance Company of North America, one of the Ethisphere World’s Most Ethical Companies®, has been trusted since 1896 to help millions of Americans prepare for financial uncertainties and retirement with a variety of innovative risk management solutions. In 2023, Allianz Life provided additional value to its policyholders via distributions of more than $13.73 billion. Allianz Life is a leading provider of fixed index annuities, registered index-linked annuities, and fixed index universal life insurance. Additionally, Allianz Investment Management LLC (AllianzIM), a registered investment adviser and wholly owned subsidiary of Allianz Life, offers a suite of exchange-traded funds (ETFs). Allianz Life and AllianzIM are part of Allianz SE, a global leader in the financial services industry with approximately 157,000 employees in more than 70 countries. Allianz Life is a proud sponsor of Allianz Field® in St. Paul, Minnesota, home of Major League Soccer’s Minnesota United.