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MINNEAPOLIS--(BUSINESS WIRE)--Allianz Investment Management LLC (AllianzIM), a wholly owned subsidiary of Allianz Life Insurance Company of North America (Allianz Life), announces the AllianzIM U.S. Large Cap Buffer10 Oct ETF (NYSE Arca: AZAO) and the AllianzIM U.S. Large Cap Buffer20 Oct ETF (NYSE Arca: AZBO) will begin trading on the New York Stock Exchange. AllianzIM Buffered Outcome ETFs are designed to expand the risk management solutions available to investors. The lowest-cost buffered outcome ETFs on the market, AllianzIM ETFs seek to match the returns of the S&P 500 Price Return Index up to a stated Cap, while providing a level of risk mitigation through a Buffer against the first 10% and 20% of S&P 500 Price Return Index losses for AZAO and AZBO, respectively. Ticker Cap1 Buffer1 Outcome Period AZAO 16.30% Gross / 15.56% Net 10% Gross / 9.26% Net October 1, 2020 to September 30, 2021 AZBO 8.60% Gross / 7.86% Net 20% Gross / 19.26% Net October 1, 2020 to September 30, 2021 1 Gross reflects the Cap and Buffer prior to taking into account the 0.74% expense ratio of the ETF while Net accounts for the expense ratio, but does not include brokerage commissions, trading fees, taxes and non-routine or extraordinary expenses. The Cap and Buffer experienced by investors may be different than the stated numbers. The funds website, at www.allianzIM.com, provides important fund information as well as information relating to the potential outcomes of an investment in the Fund on a daily basis. The presidential election this November has added another layer of uncertainty to an already volatile 2020, notes Brian Muench, president of AllianzIM. This latest series in the AllianzIM Buffered Outcome ETFs suite is designed to help investors mitigate risk in their portfolios amidst ongoing market volatility, while still providing the opportunity to participate in the upside potential of the equity market. AllianzIMs Buffered Outcome ETFs are offered at an expense ratio of 74 basis points, with portfolio management conducted in-house by AllianzIM. The 12-month outcome period of the October series ETFs will be October 1, 2020 to September 30, 2021. Each Outcome Period reflects a new stated Cap commensurate with prevailing market conditions, allowing investors to remain invested with a level of risk mitigation. AllianzIM currently has four additional U.S. Large Cap Buffered Outcome ETFs on the market: AZAA, AZBA, AZAL and AZBL. AllianzIM Buffered Outcome ETFs leverage AllianzIMs core strengths, which include risk management experience and in-house hedging capabilities. Managing over $145 billion in hedged assets, AllianzIM serves as a bridge between insurance and capital markets. Offering a new way to help investors seek to mitigate risk and reduce volatility, these new ETFs complement Allianz Lifes suite of annuity and life insurance products. For more information on AllianzIM Buffered Outcome ETFs, please visit www.allianzIM.com. Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus with this and other information about the Fund, please visit www.allianzIM.com or call 877.429.3837. Read the prospectus carefully before investing. The Funds seek to deliver returns that match, at the end of a specified one-year period (outcome period) the returns of the S&P 500 Price Index up to a predetermined Cap, while limiting downside losses by the amount of a specified Buffer, before fees and expenses. There is no guarantee the funds will achieve their investment objectives. You may lose your entire investment, regardless of when you purchase shares, and even if you hold shares for an entire Outcome Period. The Fund may not be suitable for all investors. The S&P 500 Price Return Index (Index) is a product of S&P Dow Jones Indices LLC or its affiliates (SPDJI) and Standard & Poors Financial Services LLC (S&P), and has been licensed for use by Allianz Investment Management LLC (AllianzIM). Standard & Poors, S&P, and S&P 500 are registered trademarks of S&P; Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by AllianzIM. AllianzIM U.S. Large Cap Buffer 10 Apr ETF and AllianzIM U.S. Large Cap Buffer 20 Apr ETF are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the Index. Distributed by Foreside Fund Services, LLC. About Allianz Investment Management LLC AllianzIM, a wholly owned subsidiary of Allianz Life Insurance Company of North America, is a registered investment adviser and represents the Minneapolis hub of the global Allianz Investment Management network established by Allianz SE. AllianzIM provides hedging and other derivatives-based risk management solutions through its proprietary platform. About Allianz Life Insurance Company of North America Allianz Life Insurance Company of North America, one of the FORTUNE 100 Best Companies to Work For and one of the Ethisphere Worlds Most Ethical Companies in 2020, has been keeping its promises since 1896 by helping Americans achieve their retirement income and protection goals with a variety of annuity and life insurance products. In 2019, Allianz Life provided additional value to its policyholders via distributions of more than $10.4 billion. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with over 147,000 employees in more than 70 countries. Allianz Life is a proud sponsor of Allianz Field in St. Paul, Minnesota, home of Major League Soccers Minnesota United.

Answer: AllianzIM Introduces October Series of U.S. Large Cap Buffered Outcome ETFs ETF series offers risk management solution amid ongoing market volatility