AllianzIM U.S. Large Cap Buffer20 Dec ETF (DECW)

Aim U.S. Large Cap Buffer20 Dec ETF (DECW) is an actively-managed exchange-traded fund that seeks to provide a buffer against the first 20% of losses in a portfolio of large-cap U.S. stocks while also providing exposure to any gains in the market. The fund seeks to achieve its investment objective by investing primarily in the SPDR S&P 500 ETF Trust (SPY) and U.S. Treasury securities.

The fund uses an options strategy known as a buffer strategy to provide investors with a level of downside protection. The fund's portfolio is constructed using a rules-based methodology that takes into account the current market environment and adjusts the fund's allocation accordingly.

Additionally, the fund's use of options may result in a higher turnover rate and increased transaction costs.