AllianzIM U.S. Small Cap Buffer15 ETF

AllianzIM U.S. Small Cap Buffer15 ETF is an actively managed exchange-traded fund designed to provide risk-managed exposure to U.S. small-cap equities. The fund seeks to mirror the share-price returns of the iShares Russell 2000 ETF over a three-month outcome period, up to a stated upside cap, while buffering the first 15% of underlying ETF losses before fees and expenses. To pursue this objective, it primarily uses FLEX Options linked to the iShares Russell 2000 ETF and resets its cap and buffer each quarter. The ETF is intended for investors looking for small-cap market participation with a defined outcome structure, and it plays a role in the growing buffered ETF segment by combining equity exposure with a built-in downside cushion.