SIXZ ETF — Holdings & Analysis

For informational purposes only. Not financial advice.

Quick Answer

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. 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%

iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
ARK Innovation ETF (ARKK) — 0.75% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

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

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Data provided for informational purposes only.

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