AZAAAllianzIM U.S. Large Cap Buffer10 Apr ETF
Under normal market conditions, the fund invests at least 80% of its net assets in instruments with economic characteristics similar to U.S. large cap equity securities. Specifically, the manager intends to invest substantially all of the fund's assets in FLexible EXchange Options (“FLEX Options”) that reference the S&P 500 Price Index. The fund is non-diversified.
AllianzIM · Since 2020 (5 years)
0.74%
#3444 out of 5,332 ETFs
$18M
#4170 out of 5,332 ETFs
0.00%
5 years
#2154 out of 5,332 ETFs
Performance
1 Year
+22.6%
3 Years
+15.2%
5 Years
+10.4%
What's inside
Top holdings
Risk profile
5.7%
Moderate
-15.0%
Worst peak-to-trough loss
1.14
Excellent risk-adjusted returns
1.69
Good downside protection
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Buffer ETF — downside protection at a cost
Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.
Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)
Why we flagged this: strategy=structured_outcome + structured_outcome_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05