AZALAllianzIM U.S. Large Cap Buffer10 Jul ETF
AZAL Fund Description
AZAL 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.
AZAL Factset Analytics Insight
AZAL uses options in an effort to moderate losses on the S&P 500 over a one-year period starting each July. 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 500s 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.
AZAL Summary Data
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AZAL Portfolio Management
AZAL Tax Exposures
AZAL Fund Structure
AZAL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of AZAL. AZAL is rated a N/A out of 5.
AZAL Top 10 Holdings
AZAL Economic Development
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AZAL Benchmark Comparison Summary
AZAL Benchmark Comparison Market Cap Size