AIOO

AllianzIM U.S. Equity Buffer100 Protection ETF

  • ETF Return
    Total return since the beginning of the outcome period.
    0.14%
  • Outcome Period Participation Rate (net)
    The percentage of the upside return from the reference asset that the fund seeks to capture.
    25.93%
  • Current buffer (net)
    Maximum potential loss reduction the ETF seeks to provide for the Remaining Outcome Period, as of the current timestamp.
    99.86%
  • Remaining outcome period
    Period of time over which the ETF seeks to provide Current Value outcomes, including Remaining Cap, Remaining Buffer, and Downside Before Buffer.
    91

Outcome Period Details (Net
Includes fees and expenses yet to be incurred.
)

Data from
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The Buffered Outcome ETFs investment strategies are different from more typical investment products, and the Funds may be unsuitable for some investors. It is important that investors understand the investment strategy before making an investment. For more information regarding whether an investment in the Funds is right for you, please see the prospectus including "Investor Considerations."

There is no guarantee that the outcomes the fund seeks will be realized or that the fund will achieve its investment objectives. Full extent of the participation rate and buffers only apply if held for the stated outcome period but are not guaranteed.

Data from

Calculated data content provided by ETF Global LLC.

The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

An investor who purchases Fund Shares after the outcome period has begun or sells Fund Shares prior to the end of the outcome period may experience results that are very different from the investment objective sought by the Fund for that outcome period.

The Fund pursues a buffered strategy that seeks to provide returns that track the share price returns of the SPDR® S&P 500® ETF Trust (the “Underlying ETF”) (i.e., the market price returns of the Underlying ETF), at the end of a three-month calendar quarter (i.e., from January 1 to March 31, April 1 to June 30, July 1 to September 30, or October 1 to December 31), as described below (the “Outcome Period”), at a specific percentage rate of participation (the “Participation Rate”), and downside protection with a buffer against 100% of Underlying ETF losses (the “Buffer”).

The outcomes may only be achieved if Shares are held over a complete calendar quarter Outcome Period. An investor who purchases or sells Shares during an Outcome Period may experience results that are very different from the outcomes sought by the Fund for that Outcome Period. For example, if an investor purchases Shares during an Outcome Period at a time when the Underlying ETF's share price has increased from its price at the beginning of the Outcome Period, the rate of that investor's gains relative to such increase could differ from the Participation Rate. The strategy is designed to realize the outcomes only on the final day of the Outcome Period. To achieve the target outcomes sought by the Fund for an Outcome Period, an investor must hold Shares for that entire Outcome Period. This means investors should purchase the Shares immediately prior to the beginning of the Outcome Period and hold the Shares until the end of the Outcome Period to achieve the intended results.

There is no guarantee that the outcomes sought for an Outcome Period will be realized, and there is no guarantee that the Buffer will limit Fund losses or that participation in the Underlying ETF’s positive returns subject to the Participation Rate will be achieved. The outcomes that the Fund seeks to provide do not include the costs associated with purchasing shares of the Fund or the Fund’s annualized management fee. The Participation Rate and Buffer will be further reduced by brokerage commissions, trading fees, taxes and non-routine or extraordinary expenses not included in the Fund’s unitary management fee. To achieve the target outcomes sought by the Fund for an Outcome Period, an investor must hold Shares for that entire Outcome Period. The Participation Rate and Buffer will be further reduced by brokerage commissions, trading fees, taxes and non-routine or extraordinary expenses not included in the Fund’s unitary management fee.

Investing involves risks. Loss of principal is possible. 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 participation rates and buffers only apply if held for the stated outcome period and are not guaranteed. The participation rate may increase or decrease and may vary significantly after the end of the outcome period.

FLEX Options Risk. The fund will utilize FLEX Options issued and guaranteed for settlement by the Options Clearing Corporation (“OCC”). The fund bears the risk that the OCC will be unable or unwilling to perform its obligations under the FLEX Options contracts. In the unlikely event that the OCC becomes insolvent or is otherwise unable to meet its settlement obligations, the fund could suffer significant losses.

FLEX Options are customized equity or index options contracts that trade on an exchange, but provide investors with the ability to customize key contract terms like exercise prices, styles, and expiration dates. An options contract is an agreement between a buyer and seller that gives the purchaser of the option the right, but not the obligation, to buy (in the case of a call option), or to sell (in the case of a put option), a particular asset at a specified future date at an agreed upon price (commonly known as the “strike price”).

The funds are classified as non-diversified and may invest a relatively high percentage of their assets in a limited number of issuers.

In addition to the risks listed above, the Funds also include buffered loss risk, upside participation risk, participation rate risk, participation rate change risk, correlation risk, investment objective risk, outcome period risk, downside risk, counterparty risk, non-diversification risk, valuation risk, liquidity risk, tax risk, underlying ETF risk, equity securities risk, large-capitalization companies risk, information technology sector risk, market risk, premium/discount risk, management risk, large shareholder risk, active markets risk, operational risk, authorized participant concentration risk, cash transactions risk, trading issues risk, and market maker risk.

Shares of the fund trade on the Exchange at market prices that may be below, at or above the Fund’s NAV. The market prices of the shares generally will fluctuate in accordance with changes in NAV, as well as the relative supply of and demand for shares on the Exchange. Brokerage commission will reduce returns.

Investing involves risk, including possible loss of principal. 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 call 877.429.3837 or review the prospectus. Read the prospectus carefully before investing.

Allianz Investment Management LLC, a wholly owned subsidiary of Allianz Life Insurance Company of North America, is a registered investment adviser and adviser to AllianzIM ETFs.

Distributed by Foreside Fund Services, LLC. Allianz Investment Management LLC and Allianz Life Insurance Company of North America are not affiliated with Foreside Fund Services, LLC.

  • ETF Summary

    The fund seeks to provide, at the end of the current outcome period, returns that track the share price returns of the underlying ETF, subject to a participation rate, while providing a buffer against underlying ETF losses.

  • ETF Strategy

    For the portion of your portfolio that can’t risk loss, the AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO) seeks 100% downside protection over a 3-month outcome period paired with upside potential through a participation rate – all in one easy-to-implement ETF. The participation rate is the portion of the reference asset’s upside return that the fund seeks to capture, and it resets quarterly.

Reasons to Consider AIOO

  • 100% downside protection

    Seeks to shield against all SPDR® S&P 500® ETF Trust losses – for truly zero downside.

  • S&P 500® upside exposure

    Aims to deliver equity upside through a quarterly resetting participation rate.

  • Quarterly resets         

    Get a refreshed buffer and participation rate every 3 months.

An investor who purchases Fund Shares after the outcome period has begun or sells Fund Shares prior to the end of the outcome period may experience results that are very different from the investment objective sought by the Fund for that outcome period.

The Fund pursues a buffered strategy that seeks to provide returns that track the share price returns of the SPDR® S&P 500® ETF Trust (the “Underlying ETF”) (i.e., the market price returns of the Underlying ETF), at the end of a three-month calendar quarter (i.e., from January 1 to March 31, April 1 to June 30, July 1 to September 30, or October 1 to December 31), as described below (the “Outcome Period”), at a specific percentage rate of participation (the “Participation Rate”), and downside protection with a buffer against 100% of Underlying ETF losses (the “Buffer”).

The outcomes may only be achieved if Shares are held over a complete calendar quarter Outcome Period. An investor who purchases or sells Shares during an Outcome Period may experience results that are very different from the outcomes sought by the Fund for that Outcome Period. For example, if an investor purchases Shares during an Outcome Period at a time when the Underlying ETF's share price has increased from its price at the beginning of the Outcome Period, the rate of that investor's gains relative to such increase could differ from the Participation Rate. The strategy is designed to realize the outcomes only on the final day of the Outcome Period. To achieve the target outcomes sought by the Fund for an Outcome Period, an investor must hold Shares for that entire Outcome Period. This means investors should purchase the Shares immediately prior to the beginning of the Outcome Period and hold the Shares until the end of the Outcome Period to achieve the intended results.

There is no guarantee that the outcomes sought for an Outcome Period will be realized, and there is no guarantee that the Buffer will limit Fund losses or that participation in the Underlying ETF’s positive returns subject to the Participation Rate will be achieved. The outcomes that the Fund seeks to provide do not include the costs associated with purchasing shares of the Fund or the Fund’s annualized management fee. The Participation Rate and Buffer will be further reduced by brokerage commissions, trading fees, taxes and non-routine or extraordinary expenses not included in the Fund’s unitary management fee. To achieve the target outcomes sought by the Fund for an Outcome Period, an investor must hold Shares for that entire Outcome Period. The Participation Rate and Buffer will be further reduced by brokerage commissions, trading fees, taxes and non-routine or extraordinary expenses not included in the Fund’s unitary management fee.

Investing involves risks. Loss of principal is possible. 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 participation rates and buffers only apply if held for the stated outcome period and are not guaranteed. The participation rate may increase or decrease and may vary significantly after the end of the outcome period.

FLEX Options Risk. The fund will utilize FLEX Options issued and guaranteed for settlement by the Options Clearing Corporation (“OCC”). The fund bears the risk that the OCC will be unable or unwilling to perform its obligations under the FLEX Options contracts. In the unlikely event that the OCC becomes insolvent or is otherwise unable to meet its settlement obligations, the fund could suffer significant losses.

FLEX Options are customized equity or index options contracts that trade on an exchange, but provide investors with the ability to customize key contract terms like exercise prices, styles, and expiration dates. An options contract is an agreement between a buyer and seller that gives the purchaser of the option the right, but not the obligation, to buy (in the case of a call option), or to sell (in the case of a put option), a particular asset at a specified future date at an agreed upon price (commonly known as the “strike price”).

The funds are classified as non-diversified and may invest a relatively high percentage of their assets in a limited number of issuers.

In addition to the risks listed above, the Funds also include buffered loss risk, upside participation risk, participation rate risk, participation rate change risk, correlation risk, investment objective risk, outcome period risk, downside risk, counterparty risk, non-diversification risk, valuation risk, liquidity risk, tax risk, underlying ETF risk, equity securities risk, large-capitalization companies risk, information technology sector risk, market risk, premium/discount risk, management risk, large shareholder risk, active markets risk, operational risk, authorized participant concentration risk, cash transactions risk, trading issues risk, and market maker risk.

Shares of the fund trade on the Exchange at market prices that may be below, at or above the Fund’s NAV. The market prices of the shares generally will fluctuate in accordance with changes in NAV, as well as the relative supply of and demand for shares on the Exchange. Brokerage commission will reduce returns.

Investing involves risk, including possible loss of principal. 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 call 877.429.3837 or review the prospectus. Read the prospectus carefully before investing.

Allianz Investment Management LLC, a wholly owned subsidiary of Allianz Life Insurance Company of North America, is a registered investment adviser and adviser to AllianzIM ETFs.

Distributed by Foreside Fund Services, LLC. Allianz Investment Management LLC and Allianz Life Insurance Company of North America are not affiliated with Foreside Fund Services, LLC.

ETF Performance & Index History

List of companies and their prices. Column one contains the official codes used in financial markets.
 
YTD
1 Year
3 Year
5 Year
Inception
Monthly (As of )
ETF NAV
ETF closing price
S&P 500® Price Return Index
Quarterly (As of )
ETF NAV
ETF closing price
S&P 500® Price Return Index

The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Returns less than one year are cumulative.

Investors cannot directly invest in an index.

Premium/Discount

As of

Days Traded at Premium/Discount

Premium/Discount for prior year and year to dateColumn one contains the premium, NAV and discount.
Days traded at Premium
Days traded at NAV
Days traded at Discount

The above table and line graphs are provided to show the frequency at which the closing price of the fund was at a premium (above), discount (below), or equal to the daily net asset value ("NAV") as compared to the fund's NAV.

Content herein provides premium/discount data for the recently completed calendar year and the most recently completed calendar quarters since that year (or the life of the exchange-traded fund, if shorter).

The Fund pursues a buffered strategy that seeks to provide returns that track the share price returns of the SPDR® S&P 500® ETF Trust (the “Underlying ETF”) (i.e., the market price returns of the Underlying ETF), at the end of a three-month calendar quarter (i.e., from January 1 to March 31, April 1 to June 30, July 1 to September 30, or October 1 to December 31), as described below (the “Outcome Period”), at a specific percentage rate of participation (the “Participation Rate”), and downside protection with a buffer against 100% of Underlying ETF losses (the “Buffer”).

The outcomes may only be achieved if Shares are held over a complete calendar quarter Outcome Period. An investor who purchases or sells Shares during an Outcome Period may experience results that are very different from the outcomes sought by the Fund for that Outcome Period. For example, if an investor purchases Shares during an Outcome Period at a time when the Underlying ETF's share price has increased from its price at the beginning of the Outcome Period, the rate of that investor's gains relative to such increase could differ from the Participation Rate. The strategy is designed to realize the outcomes only on the final day of the Outcome Period. To achieve the target outcomes sought by the Fund for an Outcome Period, an investor must hold Shares for that entire Outcome Period. This means investors should purchase the Shares immediately prior to the beginning of the Outcome Period and hold the Shares until the end of the Outcome Period to achieve the intended results.

There is no guarantee that the outcomes sought for an Outcome Period will be realized, and there is no guarantee that the Buffer will limit Fund losses or that participation in the Underlying ETF’s positive returns subject to the Participation Rate will be achieved. The outcomes that the Fund seeks to provide do not include the costs associated with purchasing shares of the Fund or the Fund’s annualized management fee. The Participation Rate and Buffer will be further reduced by brokerage commissions, trading fees, taxes and non-routine or extraordinary expenses not included in the Fund’s unitary management fee. To achieve the target outcomes sought by the Fund for an Outcome Period, an investor must hold Shares for that entire Outcome Period. The Participation Rate and Buffer will be further reduced by brokerage commissions, trading fees, taxes and non-routine or extraordinary expenses not included in the Fund’s unitary management fee.

Investing involves risks. Loss of principal is possible. 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 participation rates and buffers only apply if held for the stated outcome period and are not guaranteed. The participation rate may increase or decrease and may vary significantly after the end of the outcome period.

FLEX Options Risk. The fund will utilize FLEX Options issued and guaranteed for settlement by the Options Clearing Corporation (“OCC”). The fund bears the risk that the OCC will be unable or unwilling to perform its obligations under the FLEX Options contracts. In the unlikely event that the OCC becomes insolvent or is otherwise unable to meet its settlement obligations, the fund could suffer significant losses.

FLEX Options are customized equity or index options contracts that trade on an exchange, but provide investors with the ability to customize key contract terms like exercise prices, styles, and expiration dates. An options contract is an agreement between a buyer and seller that gives the purchaser of the option the right, but not the obligation, to buy (in the case of a call option), or to sell (in the case of a put option), a particular asset at a specified future date at an agreed upon price (commonly known as the “strike price”).

The funds are classified as non-diversified and may invest a relatively high percentage of their assets in a limited number of issuers.

In addition to the risks listed above, the Funds also include buffered loss risk, upside participation risk, participation rate risk, participation rate change risk, correlation risk, investment objective risk, outcome period risk, downside risk, counterparty risk, non-diversification risk, valuation risk, liquidity risk, tax risk, underlying ETF risk, equity securities risk, large-capitalization companies risk, information technology sector risk, market risk, premium/discount risk, management risk, large shareholder risk, active markets risk, operational risk, authorized participant concentration risk, cash transactions risk, trading issues risk, and market maker risk.

Shares of the fund trade on the Exchange at market prices that may be below, at or above the Fund’s NAV. The market prices of the shares generally will fluctuate in accordance with changes in NAV, as well as the relative supply of and demand for shares on the Exchange. Brokerage commission will reduce returns.

Investing involves risk, including possible loss of principal. 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 call 877.429.3837 or review the prospectus. Read the prospectus carefully before investing.

The S&P 500® Price Index is a broad measure of U.S. large-cap stocks. SPDR® S&P 500® ETF Trust is an exchange-traded fund. It is designed to track the S&P 500 stock market index. An investor cannot invest directly in an index.

Allianz Investment Management LLC, a wholly owned subsidiary of Allianz Life Insurance Company of North America, is a registered investment adviser and adviser to AllianzIM ETFs.

Distributed by Foreside Fund Services, LLC. Allianz Investment Management LLC and Allianz Life Insurance Company of North America are not affiliated with Foreside Fund Services, LLC.

Holdings

Looking for more information on holdings? Download the file below.

Holdings

The Buffered Outcome ETFs investment strategies are different from more typical investment products, and the Funds may be unsuitable for some investors. It is important that investors understand the investment strategy before making an investment. For more information regarding whether an investment in the Funds is right for you, please see the prospectus including "Investor Considerations."

The Fund pursues a buffered strategy that seeks to provide returns that track the share price returns of the SPDR® S&P 500® ETF Trust (the “Underlying ETF”) (i.e., the market price returns of the Underlying ETF), at the end of a three-month calendar quarter (i.e., from January 1 to March 31, April 1 to June 30, July 1 to September 30, or October 1 to December 31), as described below (the “Outcome Period”), at a specific percentage rate of participation (the “Participation Rate”), and downside protection with a buffer against 100% of Underlying ETF losses (the “Buffer”).

The outcomes may only be achieved if Shares are held over a complete calendar quarter Outcome Period. An investor who purchases or sells Shares during an Outcome Period may experience results that are very different from the outcomes sought by the Fund for that Outcome Period. For example, if an investor purchases Shares during an Outcome Period at a time when the Underlying ETF's share price has increased from its price at the beginning of the Outcome Period, the rate of that investor's gains relative to such increase could differ from the Participation Rate. The strategy is designed to realize the outcomes only on the final day of the Outcome Period. To achieve the target outcomes sought by the Fund for an Outcome Period, an investor must hold Shares for that entire Outcome Period. This means investors should purchase the Shares immediately prior to the beginning of the Outcome Period and hold the Shares until the end of the Outcome Period to achieve the intended results.

There is no guarantee that the outcomes sought for an Outcome Period will be realized, and there is no guarantee that the Buffer will limit Fund losses or that participation in the Underlying ETF’s positive returns subject to the Participation Rate will be achieved. The outcomes that the Fund seeks to provide do not include the costs associated with purchasing shares of the Fund or the Fund’s annualized management fee. The Participation Rate and Buffer will be further reduced by brokerage commissions, trading fees, taxes and non-routine or extraordinary expenses not included in the Fund’s unitary management fee. To achieve the target outcomes sought by the Fund for an Outcome Period, an investor must hold Shares for that entire Outcome Period. The Participation Rate and Buffer will be further reduced by brokerage commissions, trading fees, taxes and non-routine or extraordinary expenses not included in the Fund’s unitary management fee.

Investing involves risks. Loss of principal is possible. 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 participation rates and buffers only apply if held for the stated outcome period and are not guaranteed. The participation rate may increase or decrease and may vary significantly after the end of the outcome period.

FLEX Options Risk. The fund will utilize FLEX Options issued and guaranteed for settlement by the Options Clearing Corporation (“OCC”). The fund bears the risk that the OCC will be unable or unwilling to perform its obligations under the FLEX Options contracts. In the unlikely event that the OCC becomes insolvent or is otherwise unable to meet its settlement obligations, the fund could suffer significant losses.

FLEX Options are customized equity or index options contracts that trade on an exchange, but provide investors with the ability to customize key contract terms like exercise prices, styles, and expiration dates. An options contract is an agreement between a buyer and seller that gives the purchaser of the option the right, but not the obligation, to buy (in the case of a call option), or to sell (in the case of a put option), a particular asset at a specified future date at an agreed upon price (commonly known as the “strike price”).

The funds are classified as non-diversified and may invest a relatively high percentage of their assets in a limited number of issuers.

In addition to the risks listed above, the Funds also include buffered loss risk, upside participation risk, participation rate risk, participation rate change risk, correlation risk, investment objective risk, outcome period risk, downside risk, counterparty risk, non-diversification risk, valuation risk, liquidity risk, tax risk, underlying ETF risk, equity securities risk, large-capitalization companies risk, information technology sector risk, market risk, premium/discount risk, management risk, large shareholder risk, active markets risk, operational risk, authorized participant concentration risk, cash transactions risk, trading issues risk, and market maker risk.

Shares of the fund trade on the Exchange at market prices that may be below, at or above the Fund’s NAV. The market prices of the shares generally will fluctuate in accordance with changes in NAV, as well as the relative supply of and demand for shares on the Exchange. Brokerage commission will reduce returns.

Investing involves risk, including possible loss of principal. 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 call 877.429.3837 or review the prospectus. Read the prospectus carefully before investing.

Allianz Investment Management LLC, a wholly owned subsidiary of Allianz Life Insurance Company of North America, is a registered investment adviser and adviser to AllianzIM ETFs.

Distributed by Foreside Fund Services, LLC. Allianz Investment Management LLC and Allianz Life Insurance Company of North America are not affiliated with Foreside Fund Services, LLC.

Documents

The Fund pursues a buffered strategy that seeks to provide returns that track the share price returns of the SPDR® S&P 500® ETF Trust (the “Underlying ETF”) (i.e., the market price returns of the Underlying ETF), at the end of a three-month calendar quarter (i.e., from January 1 to March 31, April 1 to June 30, July 1 to September 30, or October 1 to December 31), as described below (the “Outcome Period”), at a specific percentage rate of participation (the “Participation Rate”), and downside protection with a buffer against 100% of Underlying ETF losses (the “Buffer”).

The outcomes may only be achieved if Shares are held over a complete calendar quarter Outcome Period. An investor who purchases or sells Shares during an Outcome Period may experience results that are very different from the outcomes sought by the Fund for that Outcome Period. For example, if an investor purchases Shares during an Outcome Period at a time when the Underlying ETF's share price has increased from its price at the beginning of the Outcome Period, the rate of that investor's gains relative to such increase could differ from the Participation Rate. The strategy is designed to realize the outcomes only on the final day of the Outcome Period. To achieve the target outcomes sought by the Fund for an Outcome Period, an investor must hold Shares for that entire Outcome Period. This means investors should purchase the Shares immediately prior to the beginning of the Outcome Period and hold the Shares until the end of the Outcome Period to achieve the intended results.

There is no guarantee that the outcomes sought for an Outcome Period will be realized, and there is no guarantee that the Buffer will limit Fund losses or that participation in the Underlying ETF’s positive returns subject to the Participation Rate will be achieved. The outcomes that the Fund seeks to provide do not include the costs associated with purchasing shares of the Fund or the Fund’s annualized management fee. The Participation Rate and Buffer will be further reduced by brokerage commissions, trading fees, taxes and non-routine or extraordinary expenses not included in the Fund’s unitary management fee. To achieve the target outcomes sought by the Fund for an Outcome Period, an investor must hold Shares for that entire Outcome Period. The Participation Rate and Buffer will be further reduced by brokerage commissions, trading fees, taxes and non-routine or extraordinary expenses not included in the Fund’s unitary management fee.

Investing involves risks. Loss of principal is possible. 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 participation rates and buffers only apply if held for the stated outcome period and are not guaranteed. The participation rate may increase or decrease and may vary significantly after the end of the outcome period.

FLEX Options Risk. The fund will utilize FLEX Options issued and guaranteed for settlement by the Options Clearing Corporation (“OCC”). The fund bears the risk that the OCC will be unable or unwilling to perform its obligations under the FLEX Options contracts. In the unlikely event that the OCC becomes insolvent or is otherwise unable to meet its settlement obligations, the fund could suffer significant losses.

FLEX Options are customized equity or index options contracts that trade on an exchange, but provide investors with the ability to customize key contract terms like exercise prices, styles, and expiration dates. An options contract is an agreement between a buyer and seller that gives the purchaser of the option the right, but not the obligation, to buy (in the case of a call option), or to sell (in the case of a put option), a particular asset at a specified future date at an agreed upon price (commonly known as the “strike price”).

The funds are classified as non-diversified and may invest a relatively high percentage of their assets in a limited number of issuers.

In addition to the risks listed above, the Funds also include buffered loss risk, upside participation risk, participation rate risk, participation rate change risk, correlation risk, investment objective risk, outcome period risk, downside risk, counterparty risk, non-diversification risk, valuation risk, liquidity risk, tax risk, underlying ETF risk, equity securities risk, large-capitalization companies risk, information technology sector risk, market risk, premium/discount risk, management risk, large shareholder risk, active markets risk, operational risk, authorized participant concentration risk, cash transactions risk, trading issues risk, and market maker risk.

Shares of the fund trade on the Exchange at market prices that may be below, at or above the Fund’s NAV. The market prices of the shares generally will fluctuate in accordance with changes in NAV, as well as the relative supply of and demand for shares on the Exchange. Brokerage commission will reduce returns.

Investing involves risk, including possible loss of principal. 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 call 877.429.3837 or review the prospectus. Read the prospectus carefully before investing.

Allianz Investment Management LLC, a wholly owned subsidiary of Allianz Life Insurance Company of North America, is a registered investment adviser and adviser to AllianzIM ETFs.

Distributed by Foreside Fund Services, LLC. Allianz Investment Management LLC and Allianz Life Insurance Company of North America are not affiliated with Foreside Fund Services, LLC.

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You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the ETF site and entering the AllianzIM advisor site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the ETF site and entering the AllianzIM advisor site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the AllianzIM site and entering the ETF site.

You are now leaving the ETF site and entering the AllianzIM advisor site.

You are now leaving the AllianzIM site and entering the ETF site.