SPBU – AllianzIM Buffer15 Uncapped Allc ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide capital appreciation with downside risk mitigation. The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in a laddered portfolio of twelve AllianzIM U.S. Equity Buffer15 Uncapped ETFs (“underlying ETFs”). Under normal market conditions, the fund will invest substantially all of its assets in the underlying ETFs. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SPBU	AllianzIM Buffer15 Uncapped Allocation ETF	ETF	Open	—	—	Mar 5, 2025	$200.17M	0.790%	—	—	$114.10M

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