AllianzIM ETFs started a new outcome period on May 1!
Final caps (net): AllianzIM U.S. Large Cap Buffer10 May ETF (MAYT): 16.76%; AllianzIM U.S. Large Cap Buffer20 May ETF (MAYW): 11.25%; AllianzIM U.S. Large Cap 6 Month Buffer10 May/Nov ETF (SIXZ): 9.20%.

Final spread (net): AllianzIM U.S. Equity Buffer15 Uncapped May ETF (MAYU): 5.63%.

Caps and spread shown net the 0.74% annual expense ratio.

New! Buffered ETFs with uncapped growth potential – now in a one-ticker fund of funds.
Meet SPBU.

SPBX

AllianzIM 6 Month Buffer10 Allocation ETF

  • ETF Summary

    The fund seeks to provide capital appreciation with downside risk mitigation.

  • ETF Strategy

    Get a full suite of 6-month buffered ETFs with one ticker. SPBX holds an equally weighted allocation of the entire lineup of AllianzIM U.S. Large Cap 6 Month Buffer10 ETFs. By laddering the underlying ETFs, SPBX offers diversified access to different timeframes and market levels, helping to reduce timing risk over the long term.

Reasons to Consider SPBX

  • Single-ticker solution

    SPBX holds an equally weighted allocation of the full lineup of AllianzIM U.S. Large Cap 6 Month Buffer10 ETFs.

  • A laddered approach

    The laddering is done for you with a basket of underlying holdings that seek a level of downside protection with upside participation, to a cap.

  • Outcome period diversification

    Each month, one of the underlying ETFs resets back to a full 10% buffer with a new cap.

Fees and expenses will reduce performance. 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.

Shareholders of these funds will experience investment returns that are different than the investment returns sought by the underlying ETFs.

Unlike the Underlying ETFs, the Buffer Allocation Funds do not pursue a buffered strategy. The buffer is only provided by the Underlying ETFs, and the Buffer Allocation Funds themselves do not provide any stated buffer against losses. The Buffer Allocation Funds will not receive the full benefit of the Underlying ETFs’ Buffers. The Buffer Allocation Funds could have limited upside potential, and their return may be limited to the Caps of the Underlying ETFs. The underlying Buffered Outcome 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." There is no guarantee the Funds will achieve their investment objectives.

The underlying fund's assets are expected to be principally composed of FLEX Options, the value of which is derived from the performance of their underlying reference asset. However, because the value of the underlying FLEX Options is affected by, among other things, changes in the value of the reference asset, changes in interest rates, changes in the actual and implied volatility of the reference asset, and the remaining time until the FLEX Options expire, the underlying fund's NAV will not directly correlate on a day-to-day basis with the returns experienced by their reference asset. While the fund’s investment adviser, Allianz Investment Management LLC, generally anticipates that the fund’s NAV will move in a similar direction as their reference asset, the fund’s NAV may not increase or decrease at the same rate as their reference asset, and it is possible they may move in different directions. During the underlying funds outcome period, the movement of the fund’s NAV is not anticipated to match that of the reference asset.

The funds are classified as non-diversified and may invest a relatively high percentage of their assets in a limited number of issuers. The funds may engage in active and frequent trading of portfolio securities in attempting to meet their investment objective.

The Buffer Allocation Funds’ Principal Risks include fund-of-funds risk, management risk, underlying ETF risk, non-diversification risk, tax risk from investment in underlying ETFs, market risk, premium/discount risk, large shareholder risk, active markets risk, operational risk, authorized participant concentration risk, trading issues risk, and market maker risk. In addition, the Funds bear the investment risks of the investments of the Underlying ETFs. The principal risks associated with each Underlying ETF include FLEX options risk, buffered loss risk, capped upside return risk, upside participation risk, correlation risk, cap change risk, spread change risk, investment objective risk, outcome period risk, downside risk, counterparty risk, valuation risk, liquidity risk, tax risk, SPY ETF risk, equity securities risk, large-cap companies risk, information technology sector risk, and cash transactions risk.

Shares of the fund trade on the Exchange at market prices that may be below, at or above the Fund’s NAV. The market prices of the shares generally will fluctuate in accordance with changes in NAV, as well as the relative supply of and demand for shares on the Exchange. Brokerage commission will reduce returns.

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 call 877.429.3837 or review the prospectus. Read the prospectus carefully before investing.

Allianz Investment Management LLC serves as the ETFs’ investment adviser.

Allianz Investment Management LLC (AllianzIM) is a registered investment adviser and wholly owned subsidiary of Allianz Life Insurance Company of North America.

Distributed by Foreside Fund Services, LLC. Foreside Fund Services, LLC is not affiliated with Allianz Investment Management LLC or Allianz Life Insurance Company of North America.

ETF Performance & Index History

List of companies and their prices.Column one contains the official codes used in financial markets.
 
YTD
1 Year
3 Year
5 Year
Inception
Monthly (As of 4/30/2025)
ETF NAV -2.18%
ETF closing price -2.15%
S&P 500® Price Return Index -5.75%
Quarterly (As of 3/31/2025)
ETF NAV -1.92%
ETF closing price -1.84%
S&P 500® Price Return Index -5.03%

The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Returns less than one year are cumulative.

Investors cannot directly invest in an index.

Premium/Discount

Period shown: 1/8/2025 to 3/31/2025 As of

Days Traded at Premium/Discount

Premium/Discount for prior year and year to dateColumn one contains the premium, NAV and discount.
Calendar Year 2024 Calendar Year 2025 through 3/31/2025
Days traded at Premium 47
Days traded at NAV 5
Days traded at Discount 4

The fund seeks to provide capital appreciation with downside risk mitigation. Fees and expenses will reduce performance. 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.

Shareholders of these funds will experience investment returns that are different than the investment returns sought by the underlying ETFs.

Unlike the Underlying ETFs, the Buffer Allocation Funds do not pursue a buffered strategy. The buffer is only provided by the Underlying ETFs, and the Buffer Allocation Funds themselves do not provide any stated buffer against losses. The Buffer Allocation Funds will not receive the full benefit of the Underlying ETFs’ Buffers. The Buffer Allocation Funds could have limited upside potential, and their return may be limited to the Caps of the Underlying ETFs. The underlying Buffered Outcome 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." There is no guarantee the Funds will achieve their investment objectives.

The underlying fund's assets are expected to be principally composed of FLEX Options, the value of which is derived from the performance of their underlying reference asset. However, because the value of the underlying FLEX Options is affected by, among other things, changes in the value of the reference asset, changes in interest rates, changes in the actual and implied volatility of the reference asset, and the remaining time until the FLEX Options expire, the underlying fund's NAV will not directly correlate on a day-to-day basis with the returns experienced by their reference asset. While the fund’s investment adviser, Allianz Investment Management LLC, generally anticipates that the fund’s NAV will move in a similar direction as their reference asset, the fund’s NAV may not increase or decrease at the same rate as their reference asset, and it is possible they may move in different directions. During the underlying funds outcome period, the movement of the fund’s NAV is not anticipated to match that of the reference asset.

The funds are classified as non-diversified and may invest a relatively high percentage of their assets in a limited number of issuers. The funds may engage in active and frequent trading of portfolio securities in attempting to meet their investment objective.

The Buffer Allocation Funds’ Principal Risks include fund-of-funds risk, management risk, underlying ETF risk, non-diversification risk, tax risk from investment in underlying ETFs, market risk, premium/discount risk, large shareholder risk, active markets risk, operational risk, authorized participant concentration risk, trading issues risk, and market maker risk. In addition, the Funds bear the investment risks of the investments of the Underlying ETFs. The principal risks associated with each Underlying ETF include FLEX options risk, buffered loss risk, capped upside return risk, upside participation risk, correlation risk, cap change risk, spread change risk, investment objective risk, outcome period risk, downside risk, counterparty risk, valuation risk, liquidity risk, tax risk, SPY ETF risk, equity securities risk, large-cap companies risk, information technology sector risk, and cash transactions risk.

Shares of the fund trade on the Exchange at market prices that may be below, at or above the Fund’s NAV. The market prices of the shares generally will fluctuate in accordance with changes in NAV, as well as the relative supply of and demand for shares on the Exchange. Brokerage commission will reduce returns.

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 call 877.429.3837 or review the prospectus. Read the prospectus carefully before investing.

The S&P 500® Price Index is a broad measure of U.S. large-cap stocks. SPDR® S&P 500® ETF Trust is an exchange-traded fund. It is designed to track the S&P 500 stock market index. An investor cannot invest directly in an index.

Allianz Investment Management LLC serves as the ETFs’ investment adviser.

Allianz Investment Management LLC (AllianzIM) is a registered investment adviser and wholly owned subsidiary of Allianz Life Insurance Company of North America.

Distributed by Foreside Fund Services, LLC. Foreside Fund Services, LLC is not affiliated with Allianz Investment Management LLC or Allianz Life Insurance Company of North America.

Holdings

Data as of 5/7/2025
Name
Ticker
CUSIP
Shares
Market Value
% of Market Value
ALLIANZIM US 6M BF10 JUN-DEC SIXD 00888H646 144,370 $3,813,605.74 16.81%
ALLIANZIM US 6M BF10 FEB-AUG SIXF 00888H679 135,787 $3,798,437.64 16.74%
ALLIANZIM US 6M BF10 JAN-JUL SIXJ 00888H869 126,015 $3,780,450.00 16.66%
ALLIANZIM US 6M BF10 APR-OCT SIXO 00888H877 118,289 $3,737,932.40 16.48%
ALLIANZIM US 6M BF10 MAR-SEP SIXP 00888H661 137,766 $3,791,664.74 16.71%
ALLIANZIM US 6M BF10 MAY-NOV SIXZ 00888H653 138,854 $3,750,141.06 16.53%
Cash&Other Cash&Other Cash&Other 13,050 $13,049.82 0.06%
  • ALLIANZIM US 6M BF10 JUN-DEC
    TickerSIXD
    CUSIP00888H646
    Shares 144,370
    Market Value $3,813,605.74
    % of Market Value 16.81%
  • ALLIANZIM US 6M BF10 FEB-AUG
    TickerSIXF
    CUSIP00888H679
    Shares 135,787
    Market Value $3,798,437.64
    % of Market Value 16.74%
  • ALLIANZIM US 6M BF10 JAN-JUL
    TickerSIXJ
    CUSIP00888H869
    Shares 126,015
    Market Value $3,780,450.00
    % of Market Value 16.66%
  • ALLIANZIM US 6M BF10 APR-OCT
    TickerSIXO
    CUSIP00888H877
    Shares 118,289
    Market Value $3,737,932.40
    % of Market Value 16.48%
  • ALLIANZIM US 6M BF10 MAR-SEP
    TickerSIXP
    CUSIP00888H661
    Shares 137,766
    Market Value $3,791,664.74
    % of Market Value 16.71%
  • ALLIANZIM US 6M BF10 MAY-NOV
    TickerSIXZ
    CUSIP00888H653
    Shares 138,854
    Market Value $3,750,141.06
    % of Market Value 16.53%
  • Cash&Other
    TickerCash&Other
    CUSIPCash&Other
    Shares 13,050
    Market Value $13,049.82
    % of Market Value 0.06%

Data points for SPBX's underlying ETFs

The following chart shows outcome period performance for the fund and reference asset, including starting caps and buffers for each of the underlying ETFs.
Hover the chart to see details Tap on the chart to see details
Data as of
  • Starting Cap
  • Starting Buffer
  • Outcome Period Fund Performance
  • Outcome Period Reference Asset Performance

The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Looking for more information on holdings? Download the file below.

Calculated data content provided by ETF Global LLC.

Underlying buffers and caps will be reduced and underlying spreads will be increased after taking into account management fees and other fund fees and expenses.

The fund seeks to provide capital appreciation with downside risk mitigation. Fees and expenses will reduce performance. 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.

Shareholders of these funds will experience investment returns that are different than the investment returns sought by the underlying ETFs.

Unlike the Underlying ETFs, the Buffer Allocation Funds do not pursue a buffered strategy. The buffer is only provided by the Underlying ETFs, and the Buffer Allocation Funds themselves do not provide any stated buffer against losses. The Buffer Allocation Funds will not receive the full benefit of the Underlying ETFs’ Buffers. The Buffer Allocation Funds could have limited upside potential, and their return may be limited to the Caps of the Underlying ETFs. The underlying Buffered Outcome 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." There is no guarantee the Funds will achieve their investment objectives.

The underlying fund's assets are expected to be principally composed of FLEX Options, the value of which is derived from the performance of their underlying reference asset. However, because the value of the underlying FLEX Options is affected by, among other things, changes in the value of the reference asset, changes in interest rates, changes in the actual and implied volatility of the reference asset, and the remaining time until the FLEX Options expire, the underlying fund's NAV will not directly correlate on a day-to-day basis with the returns experienced by their reference asset. While the fund’s investment adviser, Allianz Investment Management LLC, generally anticipates that the fund’s NAV will move in a similar direction as their reference asset, the fund’s NAV may not increase or decrease at the same rate as their reference asset, and it is possible they may move in different directions. During the underlying funds outcome period, the movement of the fund’s NAV is not anticipated to match that of the reference asset.

The funds are classified as non-diversified and may invest a relatively high percentage of their assets in a limited number of issuers. The funds may engage in active and frequent trading of portfolio securities in attempting to meet their investment objective.

The Buffer Allocation Funds’ Principal Risks include fund-of-funds risk, management risk, underlying ETF risk, non-diversification risk, tax risk from investment in underlying ETFs, market risk, premium/discount risk, large shareholder risk, active markets risk, operational risk, authorized participant concentration risk, trading issues risk, and market maker risk. In addition, the Funds bear the investment risks of the investments of the Underlying ETFs. The principal risks associated with each Underlying ETF include FLEX options risk, buffered loss risk, capped upside return risk, upside participation risk, correlation risk, cap change risk, spread change risk, investment objective risk, outcome period risk, downside risk, counterparty risk, valuation risk, liquidity risk, tax risk, SPY ETF risk, equity securities risk, large-cap companies risk, information technology sector risk, and cash transactions risk.

Shares of the fund trade on the Exchange at market prices that may be below, at or above the Fund’s NAV. The market prices of the shares generally will fluctuate in accordance with changes in NAV, as well as the relative supply of and demand for shares on the Exchange. Brokerage commission will reduce returns.

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 call 877.429.3837 or review the prospectus. Read the prospectus carefully before investing.

Allianz Investment Management LLC serves as the ETFs’ investment adviser.

Allianz Investment Management LLC (AllianzIM) is a registered investment adviser and wholly owned subsidiary of Allianz Life Insurance Company of North America.

Distributed by Foreside Fund Services, LLC. Foreside Fund Services, LLC is not affiliated with Allianz Investment Management LLC or Allianz Life Insurance Company of North America.

Documents

The fund seeks to provide capital appreciation with downside risk mitigation. Fees and expenses will reduce performance. 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.

Shareholders of these funds will experience investment returns that are different than the investment returns sought by the underlying ETFs.

Unlike the Underlying ETFs, the Buffer Allocation Funds do not pursue a buffered strategy. The buffer is only provided by the Underlying ETFs, and the Buffer Allocation Funds themselves do not provide any stated buffer against losses. The Buffer Allocation Funds will not receive the full benefit of the Underlying ETFs’ Buffers. The Buffer Allocation Funds could have limited upside potential, and their return may be limited to the Caps of the Underlying ETFs. The underlying Buffered Outcome 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." There is no guarantee the Funds will achieve their investment objectives.

The underlying fund's assets are expected to be principally composed of FLEX Options, the value of which is derived from the performance of their underlying reference asset. However, because the value of the underlying FLEX Options is affected by, among other things, changes in the value of the reference asset, changes in interest rates, changes in the actual and implied volatility of the reference asset, and the remaining time until the FLEX Options expire, the underlying fund's NAV will not directly correlate on a day-to-day basis with the returns experienced by their reference asset. While the fund’s investment adviser, Allianz Investment Management LLC, generally anticipates that the fund’s NAV will move in a similar direction as their reference asset, the fund’s NAV may not increase or decrease at the same rate as their reference asset, and it is possible they may move in different directions. During the underlying funds outcome period, the movement of the fund’s NAV is not anticipated to match that of the reference asset.

The funds are classified as non-diversified and may invest a relatively high percentage of their assets in a limited number of issuers. The funds may engage in active and frequent trading of portfolio securities in attempting to meet their investment objective.

The Buffer Allocation Funds’ Principal Risks include fund-of-funds risk, management risk, underlying ETF risk, non-diversification risk, tax risk from investment in underlying ETFs, market risk, premium/discount risk, large shareholder risk, active markets risk, operational risk, authorized participant concentration risk, trading issues risk, and market maker risk. In addition, the Funds bear the investment risks of the investments of the Underlying ETFs. The principal risks associated with each Underlying ETF include FLEX options risk, buffered loss risk, capped upside return risk, upside participation risk, correlation risk, cap change risk, spread change risk, investment objective risk, outcome period risk, downside risk, counterparty risk, valuation risk, liquidity risk, tax risk, SPY ETF risk, equity securities risk, large-cap companies risk, information technology sector risk, and cash transactions risk.

Shares of the fund trade on the Exchange at market prices that may be below, at or above the Fund’s NAV. The market prices of the shares generally will fluctuate in accordance with changes in NAV, as well as the relative supply of and demand for shares on the Exchange. Brokerage commission will reduce returns.

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 call 877.429.3837 or review the prospectus. Read the prospectus carefully before investing.

Allianz Investment Management LLC serves as the ETFs’ investment adviser.

Allianz Investment Management LLC (AllianzIM) is a registered investment adviser and wholly owned subsidiary of Allianz Life Insurance Company of North America.

Distributed by Foreside Fund Services, LLC. Foreside Fund Services, LLC is not affiliated with Allianz Investment Management LLC or Allianz Life Insurance Company of North America.