# FLAO (AllianzIM U.S. Equity Floor5 ETF - Apr)

AllianzIM · Buffer ETFs · data as of Sep 11, 2026

As of Sep 11, 2026, FLAO has reached its cap.

## Key facts

- FLAO, past the cap, price drift left: 0.2%, as of Sep 11, 2026.
- FLAO, fall before the buffer: 10.3%, as of Sep 11, 2026.
- FLAO, protection left, index points: 95.0%, as of Sep 11, 2026.
- FLAO, days to reset: 19, as of Sep 11, 2026.
- FLAO, net assets: $9m (issuer page, as of Sep 10, 2026).
- FLAO, expense ratio: 0.74% (issuer page, Sep 11, 2026).

## FLAO over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +1.9% | +3.3% | −1.4 pts |
| 6 months | +2.8% | +16.0% | −13.2 pts |
| 1 year | +2.8% | +17.5% | −14.8 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 5% to 100% | ETFIQ |
| Outcome period | Apr 1, 2026 to Sep 30, 2026 | ETFIQ |
| Starting cap | +6.0% | ETFIQ |
| SPY return since period start | +17.5% | ETFIQ |
| Fund return since period start | +5.5% | ETFIQ |
| Net assets | $9m | issuer page, as of Sep 10, 2026 |
| Band state today | At cap | ETFIQ |
| Can still gain | 0.2% | issuer, fund price |
| Fall before buffer | 10.3% | issuer, fund price |
| Fall to the buffer in index terms | 19.2% | ETFIQ |
| Protection left in index points | 95.0% of 95.0% | ETFIQ |
| Days left in period | 19 | ETFIQ |
| Expense ratio | 0.74% | issuer page, Sep 11, 2026 |

## Questions

### How much can FLAO still gain?

Nothing more in index terms on Sep 11, 2026. SPY has already passed the cap of +6.0% for this period, which runs from Apr 1, 2026 to Sep 30, 2026.

### How far can FLAO fall before the buffer helps?

10.3% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 19.2% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the FLAO buffer is left?

95.0% of the 95.0% buffer sat below the SPY level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does FLAO reset?

The outcome period ends on Sep 30, 2026, 19 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does FLAO cost?

The prospectus expense ratio is 0.74% a year.


## Cite this page

ETFIQ, FLAO, data as of Sep 11, 2026. https://etfiq.com/funds/flao
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/flao  ·  JSON: https://etfiq.com/funds/flao.json