| Investment Objective: |
The Fund 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 six AllianzIM U.S. Large Cap 6 Month Buffer10 ETFs ("Underlying ETFs"). The Fund's laddered approach is designed to provide, in a single investment, diversified exposure to a set of Underlying ETFs that offer upside growth potential through increases in the value of the SPY ETF while providing a level of downside risk mitigation for at least a portion of the Fund's portfolio at any given time. The Underlying ETFs each pursue a buffered strategy and as a result seek to match the share price returns of the SPDR S&P 500 ETF Trust ("SPY ETF") (i.e., the market price returns of the SPY ETF) at the end of specified six-month periods (each, an "Outcome Period"), subject to an upside maximum percentage return (the "Cap") and downside protection with a buffer against the first 10% of SPY ETF losses (the "Buffer") for the Outcome Period. The Underlying ETFs intend to invest substantially all of their respective assets in FLexible EXchange Options ("FLEX Options") that reference the SPY ETF. |
