AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF (DECU)

The AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF (DECU) is a buffered outcome fund from Allianz Investment Management. It references the SPDR S&P 500 ETF Trust over a twelve-month outcome period that begins each December.

The fund seeks to buffer the first 15% of losses in the reference ETF over the outcome period. Unlike traditional buffer funds, it does not impose a hard cap on gains; instead, investors participate in the S&P 500 ETF's upside at a participation rate that is set at the start of each period and may be less than full participation.

The outcome is constructed with FLexible EXchange (FLEX) options, and the terms reset annually. Investors purchasing after the start of an outcome period may experience different results from the stated parameters.