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Launched

AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF

FLAOCboeC

$29.010.00 (+0.01%)

As of Oct 13, 2026, 3:59 PM

C51/ 100

Rank 15 of 24 in Other Floor Protected

C51/100Rank 15 of 24inOther Floor Protected
Intraday session: up, 57 prints from 29.01 to 29.01. Range 28.98 to 29.03. Use the arrow keys to read each point.28.9828.9929.0229.0310 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$9M
1Y total return
+4.5%
Yield · Last 12 months
—
Holdings
3
Avg volume · 30D
0M sh
NAV per share
$29.01
52W range
low $26.58high $29.04
Launched

The ETF.net FLAO Grade

Based on 5 of 6 pillars

C

Score 51 out of 100

Category
Other Floor Protected⁠
Rank
15 of 24
Six-pillar profile for FLAO. Scores out of 100: Cost 54, Risk 50, Mission not scored, Tradability 44, Holdings 37, Durability 56. Strongest: Durability (56). Weakest: Holdings (37). Based on 5 of 6 pillars.

Score 51 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C54 out of 100
    Rank 11 of 24

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C50 out of 100
    Rank 11 of 24

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C44 out of 100
    Rank 15 of 24

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D37 out of 100
    Rank 7 of 10

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B56 out of 100
    Rank 13 of 24

Our read on FLAO

ETF.net Research

CSix-month defined-outcome exposure to the SPDR S&P 500 ETF Trust: a cap on the upside, 5 points of loss protection under it, and a fresh reset every April and October, at a fee below the protected-outcome median.

Stated mandate

The Fund seeks to match the share-price return of the SPDR S&P 500 ETF Trust during the outcome period, subject to an upside cap and protection against losses of up to 5%.

Why people hold it

  1. 01At 0.74% a year it sits under the median fee in its protected-outcome cohort, and below Innovator's managed-floor rival SFLR at 0.89%.
  2. 02The outcome window runs six months (April through September, then October through March), so the cap gets re-struck twice a year instead of once.
  3. 03The yardstick is the share-price return of the SPDR S&P 500 ETF Trust, a live market quote you can watch, not a model index.
  4. 04AllianzIM runs a Jan/Jul twin, FLJJ, on the same 5% protection design, so the two together cover the calendar.

Worth knowing

  1. 01The upside is capped, and the cap is set at the start of each six-month period, so the ceiling isn't known in advance and strong rallies get clipped.
  2. 02The terms apply across a full outcome period. Step in or out mid-window and your effective cap and protection differ from the stated ones.
  3. 03A smaller, thinly traded fund launched in 2024, and built around price outcomes rather than payouts, so spreads and timing matter more than yield here.

FLAO Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
3
Top-10 weight
102%
Largest holding
4SPY 270331C0000580099.9%

Sectors

  • Technology40.3%
  • Financials11.1%
  • Communication10.0%
  • Health Care9.4%
  • Consumer Discretionary8.7%
  • Industrials7.4%
  • Consumer Staples4.4%
  • Energy3.4%
  • Utilities1.8%
  • Real Estate1.7%
  • Materials1.6%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0014SPY 270331C00005800Spy 03/31/2027 5.80 C99.88%113$9M1
0024SPY 270331P00724500Spy 03/31/2027 724.50 P1.75%113$152K1
003—Cash&Other0.73%63,706$64K51

Showing 1–3 of 3 holdings

FLAO Performance

Launched Mar 28, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
FLAO$10,450
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. FLAO $10,450. SPY $12,044. Use the arrow keys to read each point.$9,458$10,855$12,252Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FLAO. Periods over one year show the average yearly return.
PeriodFLAO
Year to date+2.0%
1 month+1.2%
3 months+2.3%
1 year+4.5%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FLAO
YearReturn barFLAO
2026 YTD+2.0%
2025+3.4%
2024+10.0%

History from Apr 1, 2024

FLAO in the news

Filtered to FLAO · AllianzIM

FLAO Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

FLAO Risk

How much the fund’s monthly returns vary, scaled to a year.
6.6%
Annualised · 29 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.41
vs 3-month T-bills · 29 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−10.1%
30 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.48
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FLAO Cost

Expense ratio0.74%
  • The middle half of Other Floor Protected funds
  • Median 0.79%

7 of the 18 Other Floor Protected funds charge less.

FLAO costs $74.00 a year on $10,000. The median Other Floor Protected fund costs $79.50.

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