# EDGAR Filing Document

**Accession Number:** 0001860935
**File Stem:** 0000950123-25-007490
**Filing Date:** 2025-8
**Character Count:** 12772
**Document Hash:** 91e11671937d7be6621ec119f78df80d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950123-25-007490.hdr.sgml**: 20250812

**ACCESSION NUMBER**: 0000950123-25-007490

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250812

**DATE AS OF CHANGE**: 20250811

**EFFECTIVENESS DATE**: 20250812

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Allianz Investment Management U.S. LLC
- **CENTRAL INDEX KEY:** 0001860935

**ORGANIZATION NAME:**
- **EIN:** 411366075
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21169
- **FILM NUMBER:** 251203272

**BUSINESS ADDRESS:**
- **STREET 1:** 5701 GOLDEN HILLS DRIVE
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55416-1297
- **BUSINESS PHONE:** 800-950-5872

**MAIL ADDRESS:**
- **STREET 1:** 5701 GOLDEN HILLS DRIVE
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55416-1297

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Allianz Investment Management U.S. LLC<br>**Address:** 5701 Golden Hills Drive<br>Minneapolis, MN 55416-1297

**Form 13F File Number:** 028-21169

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Brandi M. Hoffmann<br>**Title:** Chief Legal Officer<br>**Phone:** 763-765-2956

**Signature, Place, and Date of Signing:**

/s/ Brandi M. Hoffmann  Minneapolis, MN  08-11-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 2

**Form 13F Information Table Entry Total:** 63

**Form 13F Information Table Value Total:** $2309270164

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                                            | Form 13F File Number   |
|:---|:---|:---|
|  | Allianz Life Insurance Company of North America | 28-18818               |
|  | Allianz Fund Investments Inc.                   | 28-18822               |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| JANUS DETROIT STR TR | Janus Henderson AAA CLO ETF | 47103U845 |  | 949557875 | 18710500 | SH |  | DFND | 12 | 18710500 | 0 | 0 |
| ISHARES TR | iShares iBoxx $ Investment Grade Corporate Bond ETF | 464287242 |  | 861776290 | 7862205 | SH |  | DFND | 12 | 7862205 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | Vanguard Long-Term Corporate Bond ETF | 92206C813 |  | 183375311 | 2416012 | SH |  | DFND | 1 | 2416012 | 0 | 0 |
| ISHARES TR | iShares 10+ Year Investment Grade Corporate Bond ETF | 464289511 |  | 81440620 | 1622000 | SH |  | DFND | 1 | 1622000 | 0 | 0 |
| VANGUARD WHITEHALL FDS | Vanguard Emerging Markets Government Bond ETF | 921946885 |  | 24643485 | 377100 | SH |  | DFND | 1 | 377100 | 0 | 0 |
| PIMCO ETF TR | PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund | 72201R643 |  | 24592485 | 249000 | SH |  | DFND | 1 | 249000 | 0 | 0 |
| ISHARES TR | iShares iBoxx $ High Yield Corporate Bond ETF | 464288513 |  | 24195000 | 300000 | SH |  | DFND | 1 | 300000 | 0 | 0 |
| Community Capital Management LLC | CCM Affordable Housing MBS ETF | 74741A106 |  | 21390355 | 1248751 | SH |  | DFND | 1 | 1248751 | 0 | 0 |
| PIMCO ETF TR | Pimco Preferred And Capital Securities Active ETF | 72201R619 |  | 18349020 | 360000 | SH |  | DFND | 1 | 360000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM 6 Month Buffer10 Allocation ETF | 00888H471 |  | 14244727 | 550540 | SH |  | DFND | 1 | 550540 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM Buffer15 Uncapped Allocation ETF | 00888H455 |  | 14061838 | 540632 | SH |  | DFND | 1 | 540632 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM Buffer20 Allocation ETF | 00888H463 |  | 13768233 | 529580 | SH |  | DFND | 1 | 529580 | 0 | 0 |
| VANECK VECTORS ETF TR | VanEck Fallen Angel High Yield Bond ETF | 92189F437 |  | 7262670 | 248042 | SH |  | DFND | 1 | 248042 | 0 | 0 |
| SPDR SERIES TRUST | SPDR Portfolio Intermediate Term Corporate Bond ETF | 78464A375 |  | 5847017 | 174122 | SH |  | DFND | 1 | 174122 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Equity Buffer15 Uncapped Mar ETF | 00888H489 |  | 5140018 | 199700 | SH |  | DFND | 1 | 199700 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Equity Buffer15 Uncapped Feb ETF | 00888H497 |  | 5113735 | 199064 | SH |  | DFND | 1 | 199064 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Equity Buffer15 Uncapped Sep ETF | 00888H554 |  | 5037876 | 188484 | SH |  | DFND | 1 | 188484 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Equity Buffer15 Uncapped Dec ETF | 00888H521 |  | 4954862 | 194541 | SH |  | DFND | 1 | 194541 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF | 00888H562 |  | 4274603 | 157280 | SH |  | DFND | 1 | 157280 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Equity Buffer15 Uncapped Jan ETF | 00888H513 |  | 4218024 | 162041 | SH |  | DFND | 1 | 162041 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Equity Buffer15 Uncapped Nov ETF | 00888H539 |  | 4006846 | 150775 | SH |  | DFND | 1 | 150775 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Equity Buffer15 Uncapped Oct ETF | 00888H547 |  | 3970757 | 151146 | SH |  | DFND | 1 | 151146 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Equity Buffer15 Uncapped May ETF | 00888H596 |  | 3467535 | 119780 | SH |  | DFND | 1 | 119780 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Equity 6 Month Floor5 Apr/Oct ETF | 00888H620 |  | 3347819 | 122280 | SH |  | DFND | 1 | 122280 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Equity Buffer15 Uncapped Jun ETF | 00888H588 |  | 3088767 | 110100 | SH |  | DFND | 1 | 110100 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Equity Buffer15 Uncapped Apr ETF | 00888H612 |  | 2784097 | 99860 | SH |  | DFND | 1 | 99860 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | Allianzim US Equity Buffer15 Uncapped Jul ETF | 00888H570 |  | 2603451 | 94541 | SH |  | DFND | 1 | 94541 | 0 | 0 |
| ISHARES TR | iShares 1-5 Year Investment Grade Corporate Bond ETF | 464288646 |  | 1748677 | 33144 | SH |  | DFND | 1 | 33144 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Equity 6 Month Floor5 Jan/Jul ETF | 00888H638 |  | 1468593 | 48511 | SH |  | DFND | 1 | 48511 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Large Cap 6 Month Buffer10 May/Nov ETF | 00888H653 |  | 1158266 | 40780 | SH |  | DFND | 1 | 40780 | 0 | 0 |
| ISHARES TR | iShares 5-10 Year Investment Grade Corporate Bond ETF | 464288638 |  | 1044324 | 19597 | SH |  | DFND | 1 | 19597 | 0 | 0 |
| PIMCO ETF TR | PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | 72201R833 |  | 989063 | 9838 | SH |  | DFND | 1 | 9838 | 0 | 0 |
| PIMCO ETF TR | PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 72201R783 |  | 947915 | 9977 | SH |  | DFND | 1 | 9977 | 0 | 0 |
| PIMCO ETF TR | PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund | 72201R817 |  | 875790 | 9000 | SH |  | DFND | 1 | 9000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Large Cap Buffer10 Oct ETF | 00888H604 |  | 200700 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Large Cap Buffer10 Apr ETF | 00888H109 |  | 196325 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Large Cap Buffer20 Jul Etf | 00888H406 |  | 185850 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Large Cap Buffer20 Oct ETF | 00888H505 |  | 185050 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | Allianzim US Large Cap Buffer10 Mar Etf | 00888H810 |  | 179538 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | Allianzim US Large Cap Buffer10 Feb Etf | 00888H828 |  | 175504 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Large Cap Buffer10 May ETF | 00888H760 |  | 174229 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Large Cap Buffer10 Nov Etf | 00888H851 |  | 171684 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM U.S. Large Cap Buffer10 Jun ETF | 00888H745 |  | 170250 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Large Cap Buffer10 Dec ETF | 00888H836 |  | 166950 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Large Cap 6 Month Buffer10 Apr/Oct ETF | 00888H877 |  | 165550 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Large Cap Buffer10 Aug ETF | 00888H729 |  | 164178 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | Allianzim US Large Cap Buffer20 Mar Etf | 00888H778 |  | 162675 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Large Cap Buffer20 Nov ETF | 00888H844 |  | 161113 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Large Cap Buffer10 Sep ETF | 00888H695 |  | 160998 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Large Cap Buffer20 May ETF | 00888H752 |  | 160823 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF | 00888H869 |  | 160050 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | Allianzim US Large Cap Buffer20 Feb Etf | 00888H786 |  | 159746 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM U.S. Large Cap Buffer20 Jun ETF | 00888H737 |  | 159314 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | Allianzim US Large Cap Buffer20 Dec ETF | 00888H794 |  | 157975 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Large Cap Buffer20 Aug ETF | 00888H711 |  | 153408 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Large Cap Buffer20 Sep ETF | 00888H687 |  | 150853 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Large Cap 6 Month Buffer10 Feb/Aug ETF | 00888H679 |  | 148050 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Large Cap 6 Month Buffer10 Mar/Sep ETF | 00888H661 |  | 146292 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Large Cap 6 Month Buffer10 Jun/Dec ETF | 00888H646 |  | 137181 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | AllianzIM US Large Cap Buffer20 Apr ETF | 00888H208 |  | 133452 | 4000 | SH |  | DFND | 1 | 4000 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | Allianzim US Large Cap Buffer10 Jan ETF | 00888H703 |  | 94457 | 2500 | SH |  | DFND | 1 | 2500 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | Allianzim US Large Cap Buffer20 Jan ETF | 00888H802 |  | 87335 | 2500 | SH |  | DFND | 1 | 2500 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | Allianzim US Large Cap Buffer10 Jul Etf | 00888H307 |  | 54693 | 1310 | SH |  | DFND | 1 | 1310 | 0 | 0 |

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