Allianzim U.S. Small Cap Buffer5 ETF (QBKV) is an exchange-traded fund in the Defined Outcome category. It has $6.19M in assets and an expense ratio of 0.74%. Under normal market conditions, the fund invests at least 80% of its net assets in instruments with economic characteristics similar to U.S. small cap equity securities. Specifically, the Advisor intends to invest substantially all of its assets in FLexible EXchange Options (“FLEX Options”) that reference the underlying ETF. The fund is non-diversified.