FLAOAllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF
Seeks to match the share price returns of the SPDR S&P 500 ETF Trust, up to a 5% upside Cap, while providing a 5% downside Floor.
By AllianzIM · Launched 2024
0.74%
#3,625 of 5,562 · average
$8M
#4,833 of 5,562 · small
+3.8%
2 years
#3,509 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 3 holdings = 99.5% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NYSE Arca, Cboe BZX
Full fund details
- Objective
- Seeks to match the share price returns of the SPDR S&P 500 ETF Trust, up to a 5% upside Cap, while providing a 5% downside Floor.
- Strategy
- Invests primarily in FLEX Options referencing the SPDR S&P 500 ETF Trust to achieve returns matching the ETF's performance over six-month Outcome Periods. The strategy limits losses to 5% while capping gains at a specified level, adjusted for market conditions.
- Inception date
- March 28, 2024
- Fund family
- AllianzIM
Similar ETFs
Closest matches by profileOur 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
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Data updated on 2026-06-19