AllianzIM U.S. Equity Buffer15 ETF (QBSF)

The AllianzIM U.S. Equity Buffer15 ETF is a defined-outcome fund from Allianz Investment Management (AllianzIM), the investment arm affiliated with the Allianz insurance group.

The fund provides options-based exposure to U.S. large-cap stocks by referencing an ETF that tracks the S&P 500 Index. It aims to absorb the first 15% of losses in the S&P 500 over each outcome period, in exchange for reduced participation in market gains.

The option positions are reset at the end of each outcome period. Because the strategy relies on options, its returns differ from the index and dividends are not received directly. It trades on Cboe BZX under the ticker QBSF.