MAYU
AllianzIM U.S. Equity Buffer15 Uncapped May ETF
📎 Investment Objective
The AllianzIM U.S. Equity Buffer15 Uncapped May ETF (MAYU) seeks to provide investors with returns that track the S&P 500 Index, up to a stated cap, while providing a level of downside protection against losses of up to 15% over a one-year period.
Overview
ETF tracking AllianzIM U.S. Equity Buffer15 Uncapped May ETF
Performance
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Investment Summary
📎 Investment Objective
The AllianzIM U.S. Equity Buffer15 Uncapped May ETF (MAYU) seeks to provide investors with returns that track the S&P 500 Index, up to a stated cap, while providing a level of downside protection against losses of up to 15% over a one-year period.
🎯 Investment Strategy
MAYU achieves its objective by using a options-based strategy that provides exposure to the S&P 500 Index. The fund buys S&P 500 Index call options with a strike price at or near the current index level, and sells S&P 500 Index put options with a strike price 15% below the current index level. This strategy aims to provide upside participation up to a cap, while limiting downside risk to 15%.
✨ Key Features
- Seeks to track the S&P 500 Index with a 15% buffer against losses over a one-year period
- Uses an options-based strategy to provide defined upside participation and downside protection
- Uncapped upside potential, allowing investors to benefit from the full upside of the S&P 500 Index
- Resets the buffer and cap annually on the fund's inception date
⚠️ Primary Risks
- Market risk: The fund's value will fluctuate with changes in the S&P 500 Index
- Options risk: The fund's use of options exposes it to the risks of that market
- Capped upside potential: The fund's returns are capped, limiting the upside participation
- Counterparty risk: The fund is exposed to the creditworthiness of the options counterparties
👤 Best For
This ETF may be suitable for investors seeking S&P 500 exposure with a defined level of downside protection, who are willing to forgo some upside potential in exchange for the buffer against losses. It may be particularly appealing to more conservative investors or those nearing retirement.