AllianzIM Buffer20 Allocation ETF (SPBW)

AllianzIM Buffer20 Allocation ETF (SPBW) is an exchange-traded fund in the Defined Outcome category. It has $79.60M in assets, an expense ratio of 0.79% and a 0.00% dividend yield. The underlying ETFs each pursue a buffered strategy and as a result seek to match the share price returns of the SPDR® S&P 500® ETF Trust at the end of specified one-year periods, subject to an upside maximum percentage return and downside protection with a buffer against the first 20% of SPY ETF losses for the Outcome Period. Under normal market conditions, the underlying ETFs invest at least 80% of their respective net assets in instruments with economic characteristics similar to U.S. large…