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ETF AllianzIM U.S. Large Cap Buffer10 Aug ETF Summary:

Profile:

The ETF AllianzIM U.S. Large Cap Buffer10 Aug ETF (NYSE: AZNL) seeks to provide investors with buffer protection against potential losses in the U.S. large-cap equity market while participating in potential market gains up to a 10% cap. It primarily invests in large-cap U.S. equities and uses an options overlay strategy to achieve its investment objectives.

Objective:

The primary investment goal of AZNL is to offer downside protection with a 10% buffer against losses in the S&P 500 Index, while also providing exposure to potential market gains up to a 10% cap.

Issuer:

Allianz Global Investors:

• Reputation and Reliability: Allianz Global Investors is a leading global investment manager with a strong reputation for expertise and stability, managing over $677 billion in assets as of June 30, 2023.
• Management: The ETF is managed by a team of experienced portfolio managers with expertise in quantitative strategies and risk management.

Market Share:

AZNL currently holds a market share of approximately 0.02% in the actively managed large-cap buffer ETF category.

Total Net Assets:

As of November 6, 2023, AZNL has total net assets of $41.24 million.

Moat:

• Unique Strategy: AZNL offers a differentiated approach by providing both downside protection and upside participation with a defined cap.
• Experienced Management: Allianz Global Investors' expertise in quantitative strategies and risk management provides a competitive edge.
• Parent Company Strength: The backing of Allianz, a global financial services leader, provides stability and resources.

Financial Performance:

Since its inception in August 2022, AZNL has delivered a total return of 2.52% (as of November 6, 2023). During the same period, the S&P 500 Index has returned -1.33%.

Benchmark Comparison:

AZNL has outperformed the S&P 500 Index since its inception, demonstrating its ability to achieve its downside protection objective.

Growth Trajectory:

The growing demand for buffer ETFs and Allianz Global Investors' strong track record suggest a positive growth trajectory for AZNL.

Liquidity:

• Average Trading Volume: AZNL has an average daily trading volume of approximately 1,200 shares.
• Bid-Ask Spread: The current bid-ask spread is around $0.05, indicating reasonable liquidity.

Market Dynamics:

Market factors such as economic growth, interest rates, and investor sentiment can impact AZNL's performance.

Competitors:

Key competitors in the actively managed large-cap buffer ETF category include:

• Invesco S&P 500 Buffer ETF (SPBU) with a market share of 51.34%
• Global X S&P 500 Covered Call & Growth ETF (XYLD) with a market share of 26.47%

Expense Ratio:

The expense ratio for AZNL is 0.95% per year.

Investment Approach and Strategy:

• Strategy: AZNL employs an options overlay strategy to achieve its downside protection and upside participation objectives.
• Composition: The ETF primarily invests in large-cap U.S. equities and uses options contracts to create a buffer against potential market losses.

Key Points:

• AZNL offers downside protection against potential losses in the U.S. large-cap equity market with a 10% buffer.
• The ETF also provides exposure to potential market gains up to a 10% cap.
• It is managed by Allianz Global Investors, a leading global investment manager with a strong reputation and experienced team.
• AZNL has outperformed the S&P 500 Index since its inception.

Risks:

• Market Risk: AZNL is subject to market risks associated with the underlying equity market.
• Volatility: The ETF's use of options can result in higher volatility compared to traditional equity ETFs.
• Counterparty Risk: The options contracts used by AZNL are subject to counterparty risk.

Who Should Consider Investing:

AZNL may be suitable for investors seeking:

• Downside protection against potential losses in the U.S. large-cap equity market.
• Exposure to potential market gains with a defined cap.
• A portfolio diversification tool.

Fundamental Rating Based on AI:

Based on the analysis of financial health, market position, and future prospects, AZNL receives a Fundamental Rating of 7.5 out of 10. This rating reflects the ETF's strong management team, differentiated strategy, and track record of outperformance. However, investors should consider the associated risks and their individual investment goals before making an investment decision.

Resources and Disclaimers:

Disclaimer: This information is for educational purposes only and should not be considered investment advice. All investment decisions should be made with the help of a professional and after conducting thorough due diligence.

Data Sources:

• Allianz Global Investors website
• ETF.com
• Morningstar
• Bloomberg

Please note that the financial data and market share information provided in this summary is as of November 6, 2023. It is important to refer to the most up-to-date information before making any investment decisions.