MINNEAPOLIS – March 1, 2024 – Allianz Investment Management LLC (AllianzIM), a wholly-owned subsidiary of Allianz Life Insurance Company of North America (Allianz Life®), today announces the expansion of its AllianzIM U.S. Large Cap 6 Month Buffer10 ETF lineup with the addition of four new ETFs debuting this year.
The newest additions to the suite include the AllianzIM U.S. Large Cap 6 Month Buffer10 Mar/Sep ETF (SIXP) and the AllianzIM U.S. Large Cap 6 Month Buffer10 Feb/Aug ETF (SIXF), which launched at the end of January. This addition builds on the success of the initial six-month outcome period ETFs introduced in 2021, now providing investors with more monthly opportunities to adjust their investment strategies, catering to those seeking shorter time frames for potential upside capture, and more frequent resets of the buffer level.
"By recognizing the evolving needs of investors in today's uncertain market, our latest ETF offerings are a testament to our commitment to advancing risk management solutions," said Chris Chambs, CEO of AllianzIM. "We're focused on creating strategies that balance growth aspirations with effective volatility management amid shifting market dynamics."
Each ETF in the suite is designed to match the share price returns of the SPDR S&P 500 ETF Trust up to a stated Cap, while offering a buffer against the first 10% of losses in the SPDR S&P 500 ETF Trust over a six-month outcome period, before fees and expenses. Each Outcome Period reflects a new stated Cap commensurate with prevailing market conditions, allowing investors to remain invested with a level of risk mitigation. By June, the expanded lineup will include a total of six products in the suite:
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Fund
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Ticker
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Reference Asset
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Outcome Periods
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Inception Date
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AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF
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SIXJ
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SPDR® S&P 500® ETF Trust
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January 1 to June 30 & July 1 to December 31
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12/31/2021
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AllianzIM U.S. Large Cap 6 Month Buffer10 Feb/Aug ETF
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SIXF
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SPDR® S&P 500® ETF Trust
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February 1 to July 31 & August 1 to January 31
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1/31/2024
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AllianzIM U.S. Large Cap 6 Month Buffer10 Mar/Sep ETF
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SIXP
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SPDR® S&P 500® ETF Trust
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March 1 to August 31 & September 1 to February 28/29
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2/29/2024
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AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF
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SIXO
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SPDR® S&P 500® ETF Trust
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April 1 to September 30 & October 1 to March 31
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9/30/2021
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AllianzIM U.S. Large Cap 6 Month Buffer10 May/Nov ETF
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SIXZ
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SPDR® S&P 500® ETF Trust
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May 1 to October 31 & November 1 to April 30
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4/30/2024
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AllianzIM U.S. Large Cap 6 Month Buffer10 Jun/Dec ETF
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SIXD
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SPDR® S&P 500® ETF Trust
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June 1 to November 30 & December 1 to May 31
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5/31/2024
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Johan Grahn, head ETF market strategist at AllianzIM, added, "The addition of these new ETFs is a strategic response to the preference for shorter, more flexible investment cycles in today's fast-paced market. This expansion of our six-month outcome period suite empowers investors with more frequent adjustments, aligning with dynamic market conditions and enhancing their ability to navigate uncertainty with greater confidence."
AllianzIM’s Buffered ETFs are offered at an expense ratio of 74 basis points. The products utilize 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 (Allianz SE), AllianzIM uses the same proprietary in-house hedging platform that is used among affiliates to help manage more than $148 billion (as of 12/31/23) in hedged assets for institutional and retail investors around the globe. Offering a new way to help investors mitigate risk and reduce volatility, these ETFs complement Allianz Life’s suite of annuity and life insurance products.
For more information on the AllianzIM Buffered ETFs suite, please visit www.AllianzIMetfs.com.
Investing involves risk, including possible loss of principal. For more information on investment objectives, risks, charges, and expenses, please visit www.allianzIMetfs.com or call877.429.3837. Investors should read the prospectus carefully before investing. There is no guarantee the funds will achieve their investment objectives, and investors may lose their entire investment. Holding Fund Shares for the entire Outcome Period is necessary to achieve the target outcomes.
The returns may only be realized if investors are holding shares at the beginning of the Outcome Period and continue to hold them on the last day of the Outcome Period. If an investor purchases shares after the Outcome Period has begun or sells shares prior to the Outcome Period’s conclusion, he/she may experience investment returns very different from those that the Fund seeks to provide. Full extent of Caps and Buffers only apply if held for stated Outcome Period. There is no guarantee that the Cap will remain the same after the end of the Outcome Period. The Cap may increase or decrease and may vary per Series.
For additional information, please visit www.allianzIM.com.
About Allianz Investment Management LLC
AllianzIM, a registered investment adviser and subsidiary of Allianz Life Insurance Company of North America, specializes in derivatives-based risk management solutions, managing hedged assets globally for a wide array of investors, both institutional and retail.
