AZBAAllianzIM U.S. Large Cap Buffer20 Apr ETF
AZBA Fund Description
AZBA aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral.
AZBA Factset Analytics Insight
AZBA the issuer's first take on buffered outcome ETFs. The fund uses options in an effort to moderate losses on the S&P 500 over a one-year period starting each April (except for this fund which starts in June). The fund foregoes some upside return as well as the S&P 500s 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 20% 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 funds expense ratio. The fund is actively managed, resets annually and uses listed options exclusively.
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AZBA Portfolio Management
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AZBA Fund Structure
AZBA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of AZBA. AZBA is rated a N/A out of 5.
AZBA Top 10 Holdings
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AZBA Benchmark Comparison Summary
AZBA Benchmark Comparison Market Cap Size