AllianzIM U.S. Equity Buffer15 Uncapped June ETF (JNEU)

AllianzIM U.S. Equity Buffer15 Uncapped June ETF is a defined outcome fund from Allianz Investment Management that provides exposure to large-cap U.S. stocks through an S&P 500 ETF, with a buffer against the first 15% of losses over a one-year outcome period beginning each June.

The Uncapped series seeks to avoid a fixed ceiling on gains. Instead, the cost of the buffer is paid through other features of its FLEX options structure, so returns can trail the reference ETF. The stated outcomes apply to investors who hold for the full period, with terms reset annually.