AllianzIM U.S Equity Buffer5 ETF (QBSV)

The AllianzIM U.S. Equity 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. large-cap stocks, referencing an ETF that tracks the S&P 500 Index. It seeks to absorb the first 5% of S&P 500 losses over each outcome period. With a smaller buffer than the companion Buffer15 fund, it generally allows more participation in rising markets.

Its option positions reset at the end of each outcome period, renewing the buffer. Fund returns will differ from those of the S&P 500. It trades on Cboe BZX under the ticker QBSV.