Allianzim U.S. Large Cap Buffer10 Feb ETF (FEBT) is an exchange-traded fund (ETF) offered by Allianz Investment Management LLC. The ETF aims to provide investors with returns that match the price and yield performance, before fees and expenses, of the S&P 500 Buffer Protect Index - February.
The S&P 500 Buffer Protect Index - February is a rules-based index that is designed to provide returns that are similar to those of the S&P 500 Index, subject to a 10% buffer, with the buffer resetting each February. This buffer is designed to limit the negative impact of the first 10% decline of the S&P 500 Index price return over the period of one year. If the index falls more than 10%, the buffer protects the ETF's value up to the 10% buffer level. The ETF invests at least 80% of its net assets in the securities that make up the index.
The ETF's expense ratio is 0.74%, and it currently has approximately $150 million in assets under management. The ETF's top holdings include well-known companies such as Apple, Microsoft, and Amazon, among others. The ETF offers investors a way to participate in the performance of the S&P 500 with some protection against losses, providing a unique risk-reward profile.
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