AllianzIM U.S. Equity Buffer15 Uncapped Jul ETF (JULU)

The AllianzIM U.S. Equity Buffer15 Uncapped Jul ETF (JULU) is a buffered fund from Allianz Investment Management. It seeks to provide exposure to large U.S. stocks, as represented by the S&P 500, while protecting against the first 15% of losses over a one-year outcome period that starts in July.

This series does not set a fixed cap on upside returns. Instead, the cost of the downside buffer is reflected in reduced participation in gains over the outcome period.

The fund implements its strategy using options that reference a U.S. large-cap equity benchmark. The buffer is designed for investors who hold for the entire period, and the position is reset each July with new options for the next outcome period.