AllianzIM U.S. Small Cap Buffer5 ETF (QBKV)

The AllianzIM U.S. Small Cap Buffer5 ETF is a defined-outcome fund from Allianz Investment Management (AllianzIM), part of the Allianz group.

The fund offers options-based exposure to U.S. small-cap stocks, referencing an ETF that tracks the Russell 2000 Index. It aims to cushion the first 5% of losses in that index over each outcome period. The smaller buffer generally allows greater participation in gains than AllianzIM's 15% small-cap version.

The option positions reset at the end of every outcome period, so the buffer is periodically renewed. Fund returns will differ from those of the Russell 2000 itself. The fund trades on Cboe BZX under the ticker QBKV.