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

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

Updated October 16, 2026.

FLAO is an ETF. its expense ratio is 0.74%. Total return is 15.2% over the past 2.5 years, 35.3 points behind SPY at 50.5%.

AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF is a non-diversified fund that invests substantially all its assets in flexible exchange options referencing U.S. equities, designed to provide exposure to U.S. equity securities with defined risk characteristics. The fund does not currently distribute to shareholders and carries an expense ratio of 0.74%. This structure may appeal to investors seeking equity exposure with built-in downside protection mechanisms rather than traditional income generation.

FLAO performance versus SPY

Price and return data through 2026-10-16.

Total return is 15.2% over the past 2.5 years, 35.3 points behind SPY at 50.5%. Over the past year its total return — price change plus distributions reinvested — is 3.2%. Its deepest 1-year drawdown was 7.6%.

FLAO key facts

Issuer

AllianzIM

Asset type

ETF

Asset class

Equity

Inception date

03/28/2024

Expense ratio

0.74%

Distribution frequency

None

Last close

$28.80 (as of 2026-10-16)

AUM

$8,652,755

Average volume

211.0

Beta

0.3784

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: AllianzIM; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FLAO risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 7.6%.

Who may consider FLAO — and who may not

It is a weaker fit for investors who need monthly cash flow (FLAO does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FLAO

• All tickers starting with F

Frequently asked questions

More securities from AllianzIM.