AllianzIM U.S. Large Cap 6 Month Buffer10 Mar/Sep ETF (SIXP)

The AllianzIM U.S. Large Cap 6 Month Buffer10 Mar/Sep ETF is a defined-outcome exchange-traded fund from Allianz Investment Management, a unit of Allianz Life Insurance Company of North America. The fund seeks to provide returns that match the SPDR S&P 500 ETF Trust up to a cap, while buffering the first 10% of losses over six-month outcome periods that reset in March and September.

The strategy uses options on the S&P 500 reference asset, and the cap on gains is reestablished at the start of each six-month period. Because of the semiannual reset, the buffer and cap are refreshed more frequently than in annual buffer funds. Results depend on when an investor buys relative to the start of the current outcome period.