AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF (MARU)

AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF is a defined outcome fund from Allianz Investment Management. It is built around the price return of the SPDR S&P 500 ETF Trust over a one-year outcome period that starts each March.

The fund uses FLEX options to provide a buffer against the first 15% of losses in that reference over the outcome period. Unlike many buffer ETFs, it does not impose a fixed cap on upside; instead, the cost of the downside protection is reflected in reduced participation in gains. Returns are price-only, so dividends are not included.

Shareholders who buy after the outcome period begins may experience a buffer and upside profile different from those stated for a full period.