Investment objective & strategy
As of March 25, 2026 · prospectusObjective. The Fund seeks to provide, at the end of the current Outcome Period, returns that track the share price returns of the SPDR S&P 500 ETF Trust (the Underlying ETF) in positive market environments, subject to a Participation Rate, while providing 100% downside protection of Underlying ETF losses.
Strategy. As described in the Funds prospectus, the Fund is subject to a Participation Rate that represents the rate at which the Fund will seek to track the positive share price returns of the SPDR S&P 500 ETF Trust over the Outcome Period. The Fund s current Outcome Period will end on March 31, 2026, following which the Fund will reset and commence a new Outcome Period beginning April 1, 2026, as shown in the table below. At the beginning of the new Outcome Period, the Participation Rate will reset. The Funds Participation Rate is not determined until after the end of the last market day prior to the initial Outcome Period, or March 31, 2026. As of the date of … As described in the Funds prospectus, the Fund is subject to a Participation Rate that represents the rate at which the Fund will seek to track the positive share price returns of the SPDR S&P 500 ETF Trust over the Outcome Period. The Fund s current Outcome Period will end on March 31, 2026, following which the Fund will reset and commence a new Outcome Period beginning April 1, 2026, as shown in the table below. At the beginning of the new Outcome Period, the Participation Rate will reset. The Funds Participation Rate is not determined until after the end of the last market day prior to the initial Outcome Period, or March 31, 2026. As of the date of this Supplement, the Participation Rate for the Fund for the new Outcome Period is expected to be within the range shown in the table below, taking into account the Funds annualized unitary management fee of 0.64% of the Funds average daily net assets: Fund Name Ticker New Outcome Period Estimated Participation Rate Range AllianzIM U.S. Equity Buffer100 Protection ETF AIOO April 1, 2026, to June 30, 2026 17.50% - 22.50% The Funds return will be reduced by brokerage commissions, trading fees, taxes and non-routine or extraordinary expenses not included in the Funds unitary management fee, as described in the prospectus. The expected Participation Rate range provided here is based upon market conditions as of the date of this Supplement. The final Participation Rate could fall outside of this range if there is a material change in market conditions between the date of this Supplement and the date on which the final Participation Rate is established.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| SPY 03/31/2026 5.05 C 0.00000000 | 4SPY 260331C0000505 | $27.75M | 100.18% |
| SPY 03/31/2026 681.92 P 0.00000000 | 4SPY 260331P0068192 | $495.00K | 1.79% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Advisers
| Firm | Role |
|---|---|
| Allianz Investment Management LLC | Adviser |
Footnotes
- Expense ratio as of February 27, 2026, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
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