AllianzIM U.S. Large Cap Buffer20 Jan ETF (JANW)

The AllianzIM U.S. Large Cap Buffer20 Jan ETF (JANW) is an exchange-traded fund that seeks to provide investors with exposure to the U.S. large-cap equity market while offering a level of downside protection through a buffered strategy. The fund is managed by Allianz Investment Management LLC and tracks the performance of the S&P 500 Price Index.

The buffered strategy of JANW provides investors with a level of downside protection by buffering the first 20% of losses in the S&P 500 Price Index over the course of an annual period, subject to certain limitations. This means that if the S&P 500 Price Index were to decline by 20% or less over the course of an annual period, investors would not experience any loss of principal. However, if the index were to decline by more than 20%, investors would be exposed to losses beyond that 20% buffer.

The fund's top holdings include large-cap companies such as Apple, Microsoft, and Amazon. The fund is traded on the NYSE Arca exchange.