APRW

AllianzIM U.S. Large Cap Buffer20 Apr ETF seeks to match, at the end of the current Outcome Period, the returns of the S&P 500 Price Index, up to a specified upside Cap, while providing a Buffer against the first 20% of Underlying ETF losses. 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. Specifically, the manager intends to invest substantially all of the fund's assets in FLexible EXchange Options ("FLEX Options") that reference the Underlying ETF. The fund is non-diversified.