SIXZ ETF — Holdings & Analysis

With $0.05 billion in assets under management and an expense ratio of 0.74%, SIXZ aims to provide a defined outcome strategy over a six-month period. The ETF's unique approach involves using buffer and cap strategies to manage risk and return relative to the S&P 500.

AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF (SIXZ) ETF — Price, Holdings & Analysis

The AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF (SIXZ) seeks to replicate the returns of the SPDR S&P 500 ETF Trust, while providing a buffer against the first 10% of losses and capping upside potential. With $0.05 billion in assets under management and an expense ratio of 0.74%, SIXZ aims to provide a defined outcome strategy over a six-month period. The ETF's unique approach involves using buffer and cap strategies to manage risk and return relative to the S&P 500.

ETF Overview

The fund seeks to match, at the end of the outcome period, the share price returns of the SPDR S&P 500 ETF Trust (the underlying ETF), up to a specified upside cap, while providing a buffer against the first 10% of underlying ETF losses. The cap and the buffer will be reduced after taking into account management fees and other fund fees and expenses.

SIXZ is designed for investors seeking a specific risk/reward profile tied to the S&P 500. The ETF aims to deliver the returns of the SPDR S&P 500 ETF Trust, up to a predetermined cap, while buffering against the first 10% of losses. This defined outcome strategy resets every six months, offering a new cap and buffer. The fund achieves this through a portfolio of derivative instruments. The ETF's sector allocation mirrors that of the S&P 500, with significant exposure to Technology (34.1%), Financial Services (12.2%), and Communication Services (10.6%). The fund's investment strategy makes it suitable for investors who want to participate in equity market gains while mitigating downside risk over a defined period. SIXZ's approach differentiates it from traditional index ETFs, which do not offer a buffer against losses or a cap on gains.

Risk Metrics

SIXZ carries several risks inherent to its defined outcome strategy. The 0.74% expense ratio can create a drag on performance, especially if the underlying S&P 500 experiences low returns. The ETF's structure, which relies on derivative contracts, introduces counterparty risk. The fund's concentration in specific sectors, such as Technology (34.1%), exposes it to sector-specific risks. The defined outcome strategy caps potential gains, which may underperform the S&P 500 in strongly positive markets. The ETF's beta is not available, making it difficult to assess its volatility relative to the broader market. Investors should carefully consider these risks before investing in SIXZ.

Expense Ratio

0.74%

How Is the Fund Allocated?

Sector	Weight
Technology	34.1%
Financial Services	12.2%
Communication Services	10.6%
Consumer Cyclical	10.0%
Healthcare	9.6%
Industrials	8.5%
Consumer Defensive	5.3%
Energy	3.4%
Utilities	2.5%
Real Estate	1.9%
Basic Materials	1.9%

Country	Weight
Other	100.0%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

AllianzIM Buffer20 Allocation ETF (SPBW) (Equity) — 0.79% expense ratio
AllianzIM U.S. Equity Buffer10 May ETF (MAYT) (Equity) — 0.74% expense ratio
AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF (FLAO) (Equity) — 0.74% expense ratio
AllianzIM U.S. Equity Buffer20 Apr ETF (APRW) (Equity) — 0.74% expense ratio
AllianzIM U.S. Equity 6 Month Buffer10 Feb/Aug ETF (SIXF) (Equity) — 0.74% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is SIXZ and what does it track?

The AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF (SIXZ) is an ETF that seeks to provide returns that match the SPDR S&P 500 ETF Trust, up to a specified upside cap, while buffering against the first 10% of losses.

This means that if the S&P 500 declines, SIXZ is designed to absorb the first 10% of those losses.

What is the expense ratio for SIXZ?

The expense ratio for SIXZ is 0.74%. This means that for every $10,000 invested, $74 is used to cover the fund's operating expenses annually.

While this provides the benefit of a buffer against losses, the expense ratio is higher than some broad market equity ETFs.

What are the top holdings in SIXZ?

As a defined outcome ETF, SIXZ does not hold traditional stocks like a typical index fund. Instead, its holdings consist primarily of derivative instruments designed to achieve its buffer and cap strategy.

As of its latest holdings data, SIXZ has 5 holdings. The ETF's sector allocation is heavily weighted towards Technology (34.1%), Financial Services (12.2%), and Communication Services (10.6%).

Is SIXZ a good long-term investment?

Whether SIXZ is a suitable long-term investment depends on an investor's specific goals and risk tolerance. The ETF's defined outcome strategy, which provides a buffer against losses and caps potential gains, may be attractive to investors seeking downside protection.

However, the 0.74% expense ratio can impact long-term returns.

How does SIXZ compare to similar ETFs?

SIXZ competes with other defined outcome ETFs that offer similar buffer and cap strategies tied to the S&P 500. A key differentiator is the six-month outcome period, which may be shorter or longer than other similar ETFs.

The expense ratio of 0.74% is a factor to consider when comparing SIXZ to its peers.

Does SIXZ pay dividends?

According to the provided data, SIXZ has a dividend yield of 0.00%. This indicates that the ETF does not currently distribute dividends to its shareholders.

Investors seeking income from their investments may want to consider other ETFs that offer a dividend yield. While SIXZ does not provide dividend income, its defined outcome strategy may be attractive to investors seeking downside protection and capped upside potential.