Allianzim U.S. Equity Buffer20 Feb ETF (FEBW) is an exchange-traded fund in the Defined Outcome category. It has $196.40M in assets, an expense ratio of 0.74% and a 0.00% dividend yield. Under normal market conditions, the fund invests at least 80% of its net assets in instruments with economic characteristics similar to U.S. large cap equity securities. FLEX Options are customized equity or index options contracts that trade on an exchange, but provide investors with the ability to customize key contract terms like exercise prices, styles and expiration dates. It is non-diversified.