AllianzIM U.S Equity Buffer5 ETF (QBSV)

The AllianzIM U.S Equity Buffer5 ETF (QBSV) is an exchange-traded fund that mostly invests in downside hedge alternatives. The fund aims to track the share price returns of the SPDR S&P 500 ETF (SPY), up to a cap, while providing a buffer against the first 5% of losses, over a three month outcome period, less expenses. The fund used FLEX options to create the exposure. QBSV was launched on Mar 31, 2026 and is issued by Allianz.