AllianzIM U.S. Equity 6 Month Floor5 Jan/Jul ETF (FLJJ)

AllianzIM U.S. Equity 6 Month Floor5 Jan/Jul ETF (FLJJ) is a defined-outcome exchange-traded fund from Allianz Investment Management, launched in 2024. It seeks to match the price return of the SPDR S&P 500 ETF Trust up to a cap, while limiting losses over each outcome period.

The fund uses options on the SPDR S&P 500 ETF Trust to build its outcome. Each outcome period lasts six months and resets in January and July. As its name indicates, the strategy is built around a floor, designed to limit the maximum loss over a full period to about five percent, in exchange for an upside cap that is set at each reset.

Results depend on holding for the entire outcome period; shares bought or sold mid-period may experience different outcomes.