ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Direct Indexing
    • Disruptive Technology
    • Energy Infrastructure
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Financial Literacy
    • Fixed Income
    • Gold/Silver/Critical Minerals
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Modern Alpha
    • Night Effect
    • Portfolio Strategies
    • Responsible Investing
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. AllianzIM Releases New Buffered Outcome ETF, SIXO
News
Share

AllianzIM Releases New Buffered Outcome ETF, SIXO

Aaron NeuwirthOct 01, 2021
2021-10-01

On Friday, Allianz Investment Management LLC (AllianzIM), a wholly-owned subsidiary of Allianz Life Insurance Company of North America (Allianz Life®), launched a new buffered outcome ETF with a six-month outcome period: the AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (NYSE: SIXO).

AllianzIM’s new ETF seeks to match the returns of the S&P 500 Price Return Index up to a stated cap while providing downside risk mitigation through a buffer against the first 10% of S&P 500 Price Return Index losses for SIXO over a six-month outcome period. SIXO seeks to meet its investment objective using flexible exchange (FLEX) options.

TickerIndex ExposureBuffer (1)Cap (1)Outcome Period Start DateOutcome Period End Date
SIXOAllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETFS&P 50010% Gross / 9.63% Net6.00% Gross / 5.63% NetOctober 1, 2021March 31, 2022


Content continues below advertisement

“The buffered outcome ETF market has grown dramatically, increasing from zero to almost $8 billion of assets in just three years,” said Johan Grahn, vice president and head of ETF strategy at AllianzIM. “We’re excited to expand our lineup of Buffered Outcome ETFs to meet the evolving risk management needs of investors. SIXO is the latest addition to our Defined Outcome ETF lineup, providing investors with an opportunity to participate in the equity market up to a cap in an ETF that provides a 10% buffer against losses and the potential for gains to be realized every six months.”

SIXO debuts as one of the lowest-cost buffered outcome ETFs on the market, with an expense ratio of 0.74%. The ETF is designed to create more opportunity for investors with two outcome periods per year and provide additional applications within an investment portfolio. SIXO provides the potential for more significant downside mitigation with a 10% buffer over a shorter period and can serve as a potential alternative to short-term, low-yielding investment vehicles.

The six-month outcome ETF joins the existing suite of AllianzIM Buffered Outcome ETFs with a 10% and 20% buffer, which offer a one-year outcome period. The AllianzIM U.S. Large Cap Buffer10 Oct ETF (AZAO B) and the AllianzIM U.S. Large Cap Buffer20 Oct ETF (AZBO B+) begin a new one-year outcome period with new upside caps.

TickerIndex ExposureBuffer (1)Cap (1)Outcome Period Start DateOutcome Period End Date
AZAOAllianzIM U.S. Large Cap Buffer10 Oct ETFS&P 50010% Gross / 9.26% Net12.75% Gross / 12.01% NetOctober 1, 2021September 30, 2022
AZBOAllianzIM U.S. Large Cap Buffer20 Oct ETFS&P 50020% Gross / 19.26% Net6.80% Gross / 6.06% NetOctober 1, 2021September 30, 2002

The AllianzIM Buffered Outcome ETFs seek to leverage AllianzIM’s core strengths, including risk management experience and in-house hedging capabilities. As part of one of the largest asset management and diversified insurance companies in the world, AllianzIM, with AUM of $16.4 billion, is powered by the same proprietary in-house hedging platform that is used among affiliates to help manage more than $145 billion in hedged assets for institutional and retail investors around the globe. Offering a new way to help investors seek to mitigate risk and reduce volatility, these new ETFs complement Allianz Life’s suite of annuity and life insurance products.

“We’re focused on expanding our defined outcome product suite to help investment professionals and their clients navigate today’s historically low interest-rate environment and market uncertainty,” said Brian Muench, president of AllianzIM. “The launch of the new AllianzIM Buffered Outcome ETF with a six-month outcome period is the latest evolution in this process. We look forward to continuing to work closely with investment professionals to remain on the cutting edge of risk mitigation.”

For more information on the AllianzIM Buffered Outcome ETF suite, please visit www.allianzIM.com.

(1) Gross reflects the Cap and Buffer prior to taking into account the 0.74% expense ratio of the ETF, while Net accounts for the expense ratio over the stated outcome period, but does not include brokerage commissions, trading fees, taxes and non-routine or extraordinary expenses. The Cap and Buffer experienced by investors may be different than the stated numbers. The funds’ website, www.allianzIM.com, provides important fund information as well as information relating to the potential outcomes of an investment in the fund on a daily basis.

» Popular Pages

  • Tickers
  • Articles

May 26

Main Management Market Note: May 26, 2023

May 26

Family Offices Embrace Crypto, While Needing Support

May 26

ETF Issuer League: Avantis, Summit Up, Global X

May 26

Active ETFs Positioned Better for Opportunities in High-Yield Bonds

May 26

Insurers Own Major Stakes in Fixed Income ETFs

May 26

Cash Flow Kings at Home With These ETFs

May 26

Counter U.S. Default Risk With Foreign Equity ETF AVDE

May 26

Vangaurd's EM Bond ETF Surprises With Fixed Income Protection

May 26

The Economy Matters: PCE, GDP, Durable Goods & Employment Numbers

May 26

SPYI Captures Huge Single Day Nvidia Pop, Enhances Income

QQQ

Invesco QQQ Trust

SPY

SPDR S&P 500 ETF Trust

VGT

Vanguard Information...

JEPI

JPMorgan Equity Premium...

SMH

VanEck Semiconductor ETF

XLK

Technology Select Sector SPDR...

VOO

Vanguard S&P 500 ETF

IVV

iShares Core S&P 500 ETF

SOXX

iShares Semiconductor ETF

VFMV

Vanguard U.S. Minimum...


Content continues below advertisement

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X