Reset marks the start of new 12-month outcome
period for 10% and 20% buffer strategies (AZAA and AZBA)
Allianz Investment Management LLC (AllianzIM), a wholly-owned
subsidiary of Allianz Life Insurance Company of North America
(Allianz Life®), announces new upside caps for the April series of
its Buffered Outcome ETFs suite: the AllianzIM U.S. Large Cap
Buffer10 Apr ETF (NYSE: AZAA) and the AllianzIM U.S. Large Cap
Buffer20 Apr ETF (NYSE: AZBA).
Ticker
Index Exposure
Buffer1
Cap1
Outcome Period Start Date
Outcome Period End Date
AZAA AllianzIM U.S. Large Cap
Buffer10 Apr ETF
S&P 500
10% Gross / 9.26% Net
13.00% Gross / 12.26% Net
April 1, 2021
March 31, 2022
AZBA AllianzIM U.S. Large Cap
Buffer20 Apr ETF
S&P 500
20% Gross / 19.26% Net
6.45% Gross 5.71% Net
April 1, 2021
March 31, 2022
AllianzIM Buffered Outcome ETFs debuted in June 2020 and are
designed to provide exposure to the S&P 500 Price Return Index
up to a stated cap, while aiming to buffer investors from losses on
the downside. AllianzIM currently offers two strategies on the
S&P 500 Index: a 10% buffer and 20% buffer, each with quarterly
offerings and 12-month outcome periods. The funds are the lowest
cost defined outcome ETFs on the market today and consistently
trade with some of the tightest spreads among peers in the
category.2
“Despite markets reaching record highs to start 2021, investing
at these levels can pose even further risks to investors amid
continued uncertainties across equities and bonds, including rising
bond yields and growing inflationary pressures,” notes Brian
Muench, President of AllianzIM. “AllianzIM Buffered Outcome ETFs
allow provide investors a way to enter the market and stay invested
with a level of risk mitigation.”
AllianzIM Buffered Outcome ETFs leverage AllianzIM’s core
strengths, which include risk management experience and in-house
hedging capabilities. AllianzIM manages its ETF line-up on a
proprietary in-house hedging platform with over $150 billion in
hedged assets. Offering a new way to help investors seek to
mitigate risk and reduce volatility, these new ETFs complement
Allianz Life’s suite of annuity and life insurance products.
“If the pandemic has taught us anything, it’s that there is
inherent uncertainty all around us and value in paving a way toward
a potentially more secure future,” explains Johan Grahn, Head of
ETF Product Strategy at AllianzIM. “As investors look for a better
2021 and beyond, they can rely on the strength and experience of
AllianzIM to help them manage the risk in their portfolios.”
For more information on the AllianzIM Buffered Outcome ETF
suite, please visit www.allianzIM.com.
1 Gross reflects the Cap and Buffer prior to taking into account
the 0.74% expense ratio of the ETF while Net accounts for the
expense ratio, but does not include brokerage commissions, trading
fees, taxes and non-routine or extraordinary expenses. The Cap and
Buffer experienced by investors may be different than the stated
numbers. The funds’ website, at www.allianzIM.com, provides
important fund information as well as information relating to the
potential outcomes of an investment in the Fund on a daily
basis.
2 Based on information from ETF Database as of 3.26.21 that
includes expense data and other descriptive information for all
Buffered ETFs listed on U.S. exchanges that are currently tracked
by ETF Database. Additionally based on information from AllianzIM
as of the week of 3.15.21 based on market data sourced from NYSE
that demonstrates averages by issuer.
Investing involves risk including possible loss of
principal.
Investors may lose their entire investment, regardless of when
they purchase shares, and even if they hold shares for an entire
Outcome Period. Full extent of Caps and Buffers only apply if held
for stated Outcome Period and are not guaranteed. The Cap may
increase or decrease and may vary significantly.
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing. For a prospectus
with this and other information about the Fund, please visit
www.allianzim.com or call 877.429.3837. Read the prospectus
carefully before investing.
The Funds seek to deliver returns that match, at the end of a
specified one-year period (outcome period) the returns of the
S&P 500 Price Index up to a predetermined Cap, while limiting
downside losses by the amount of a specified Buffer, before fees
and expenses. There is no guarantee the funds will achieve their
investment objectives. You may lose your entire investment,
regardless of when you purchase shares, and even if you hold shares
for an entire Outcome Period. The Fund may not be suitable for all
investors.
The “S&P 500 Price Return Index” (“Index”) is a product of
S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and
Standard & Poor’s Financial Services LLC (“S&P”), and has
been licensed for use by Allianz Investment Management LLC
(“AllianzIM”). Standard & Poor’s®, S&P®, and S&P 500®
are registered trademarks of S&P; Dow Jones® is a registered
trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and
these trademarks have been licensed for use by SPDJI and
sublicensed for certain purposes by AllianzIM. AllianzIM U.S. Large
Cap Buffer10 Apr ETF and AllianzIM U.S. Large Cap Buffer20 Apr ETF
are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones,
S&P, or their respective affiliates, and none of such parties
make any representation regarding the advisability of investing in
such product(s) nor do they have any liability for any errors,
omissions, or interruptions of the Index.
Distributed by Foreside Fund Services, LLC.
About Allianz Investment Management LLC
AllianzIM, a wholly owned subsidiary of Allianz Life Insurance
Company of North America, is a registered investment adviser.
AllianzIM provides hedging and other derivatives-based risk
management solutions through its proprietary platform.
About Allianz Life Insurance Company of North America
Allianz Life Insurance Company of North America, one of the
FORTUNE 100 Best Companies to Work For® and one of the Ethisphere
World’s Most Ethical Companies®, has been keeping its promises
since 1896 by helping Americans achieve their retirement income and
protection goals with a variety of annuity and life insurance
products. In 2020, Allianz Life provided additional value to its
policyholders via distributions of more than $10.1 billion. As a
leading provider of fixed index annuities, Allianz Life is part of
Allianz SE, a global leader in the financial services industry with
approximately 150,000 employees in more than 70 countries. Allianz
Life is a proud sponsor of Allianz Field® in St. Paul, Minnesota,
home of Major League Soccer’s Minnesota United.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210401005113/en/
Leah Katsanis Gregory FCA for AllianzIM 610-200-0564
allianz@gregoryfca.com
Brett Weinberg Allianz Life (763) 765-7160
brett.weinberg@allianzlife.com
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