AUGU
AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF
📎 Investment Objective
The AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF (AUGU) seeks to provide investors with returns that track the S&P 500 Index, up to a stated cap, while providing a buffer against the first 15% of losses over an outcome period.
Overview
ETF tracking AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF
Performance
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Investment Summary
📎 Investment Objective
The AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF (AUGU) seeks to provide investors with returns that track the S&P 500 Index, up to a stated cap, while providing a buffer against the first 15% of losses over an outcome period.
🎯 Investment Strategy
The ETF uses a options-based strategy to provide the desired upside participation and downside buffer. It holds a portfolio of FLexible EXchange (FLEX) options that are designed to provide the target outcome over the specified outcome period.
✨ Key Features
- Seeks to provide upside participation in the S&P 500 Index up to a stated cap
- Provides a 15% buffer against losses over the outcome period
- Outcome period of approximately one year, resetting annually in August
- Uncapped upside potential above the stated cap
⚠️ Primary Risks
- Market risk - the ETF's returns are tied to the performance of the S&P 500 Index
- Option-based strategy risk - the effectiveness of the options-based approach may be impacted by volatility and other market factors
- Outcome period risk - the stated outcomes are only applicable for the specific outcome period
- Capped upside potential - returns are subject to a stated cap, limiting upside participation
👤 Best For
This ETF may be suitable for investors seeking S&P 500 exposure with a built-in buffer against the first 15% of losses over a one-year outcome period. It could be a useful tool for investors looking to manage downside risk while maintaining some upside potential.