AllianzIM International Equity Buffer15 ETF (QBIF)

The AllianzIM International Equity Buffer15 ETF is a defined-outcome fund from Allianz Investment Management (AllianzIM), a unit of the Allianz insurance group.

The fund provides options-based exposure to developed international stock markets, referencing an ETF that tracks the MSCI EAFE Index. It aims to absorb the first 15% of losses in that benchmark over each outcome period, with the trade-off being reduced participation in market gains.

The option positions are reset at the end of each outcome period. Returns will differ from the underlying international index, since the fund relies on options and does not capture dividends in the usual way. It trades on Cboe BZX under the ticker QBIF.