NVBU
AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF
📎 Investment Objective
The AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF (NVBU) seeks to provide investors with returns that track the S&P 500 Index, up to a predetermined upside cap, while providing a buffer against the first 15% of losses.
Overview
ETF tracking AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF
Performance
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Investment Summary
📎 Investment Objective
The AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF (NVBU) seeks to provide investors with returns that track the S&P 500 Index, up to a predetermined upside cap, while providing a buffer against the first 15% of losses.
🎯 Investment Strategy
The ETF uses a buffered outcome strategy, which aims to provide investors with exposure to the S&P 500 Index, subject to a cap on upside returns and a buffer on downside losses. The fund utilizes options-based investments to achieve this outcome.
✨ Key Features
- Seeks to track the S&P 500 Index, with a 15% buffer against losses
- Uncapped upside potential, subject to a predetermined cap
- Resets annually in November to provide a new one-year outcome period
- Relatively low expense ratio of 0.00%
⚠️ Primary Risks
- Market risk: The fund's performance is tied to the performance of the S&P 500 Index, and it is subject to the risks associated with equity markets.
- Capped upside potential: The fund's returns are capped, which means investors may not fully participate in the upside of the underlying index.
- Buffered downside risk: While the fund provides a 15% buffer against losses, investors may still experience losses beyond that buffer.
- Liquidity risk: As a newer ETF, NVBU may have lower trading volume and liquidity compared to more established funds.
👤 Best For
The AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF may be suitable for investors seeking equity market exposure with a level of downside protection, and who are comfortable with the fund's capped upside potential. It may be particularly appealing to investors with a moderate risk tolerance who are looking for a buffer against market downturns.