AZAAAllianzIM U.S. Large Cap Buffer10 Apr ETF
AZAA Fund Description
AZAA aims for specific buffered losses and capped gains on the S&P 500 index over a specific holdings period. The actively-managed fund holds options and collateral.
AZAA Factset Analytics Insight
AZAA uses options in an effort to moderate losses on the S&P 500 over a one-year period starting each April (except for its initial year which starts in June). The fund foregoes some upside return as well as the S&P 500’s dividend component, because the options are written on the price (not total) return version of the index. In exchange for preventing realization of the first 10% of the S&P 500’s losses, investors forego upside participation above a certain threshold, which is reset annually. Investors who buy at any other time than the annual reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held to the end of the period to achieve the intended results. The targeted buffers and caps do not include the fund’s expense ratio. The fund is actively managed, resets annually and uses listed options exclusively.
AZAA Summary Data
AZAA Portfolio Data
AZAA Index Data
AZAA Portfolio Management
AZAA Tax Exposures
AZAA Fund Structure
AZAA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of AZAA. AZAA is rated a N/A out of 5.
AZAA Top 10 Holdings
AZAA Economic Development
AZAA Performance Statistics
AZAA Benchmark Comparison Summary
AZAA Benchmark Comparison Market Cap Size