AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Jan ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 98.6% | ||||||||||||||||||
Options on ETF – 98.6% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | December 2024 | $ | 3.52 | 2,416 | $ | 850,432 | $ | 114,680,755 | ||||||||||
Total Options Purchased – Calls (Cost $112,862,639) | 850,432 | 114,680,755 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 3.8% | ||||||||||||||||||
Options on ETF – 3.8% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | December 2024 | 475.26 | 2,416 | 114,822,816 | 4,450,224 | |||||||||||||
Total Options Purchased – Puts (Cost $5,210,786) | 114,822,816 | 4,450,224 | ||||||||||||||||
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.8% | ||||||||||||||||||
Time Deposits – 0.8% | ||||||||||||||||||
Barclays, London, 4.670%, 2/01/24(c) | $ | 883,296 | 883,296 | |||||||||||||||
Total Short-Term Investments (Cost $883,296) | 883,296 | |||||||||||||||||
Total Investments – 103.2% (Cost $118,956,721) | 120,014,275 | |||||||||||||||||
Other assets less liabilities – (3.2)% | (3,678,906 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 116,335,369 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 2,416 | $ | 555.64 | December 2024 | $ | 1,538,168 | $ | 134,242,624 | $ | (1,317,517 | ) | |||||||||||
$ | 1,538,168 | $ | 134,242,624 | $ | (1,317,517 | ) | ||||||||||||||||
PUT OPTIONS WRITTEN(b) | ||||||||||||||||||||||
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 2,416 | $ | 427.78 | December 2024 | $ | 2,665,161 | $ | 103,351,648 | $ | (2,299,766 | ) | |||||||||||
$ | 2,665,161 | $ | 103,351,648 | $ | (2,299,766 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 4,203,329 | $ | 237,594,272 | $ | (3,617,283 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
1 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Jan ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer10 Jan ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
2 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Jan ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer10 Jan ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 114,680,755 | $ | — | $ | 114,680,755 | ||||||||
Option Purchased - Puts | — | 4,450,224 | — | 4,450,224 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 883,296 | — | — | 883,296 | ||||||||||||
Total Assets | $ | 883,296 | $ | 119,130,979 | $ | — | $ | 120,014,275 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (1,317,517 | ) | $ | — | $ | (1,317,517 | ) | ||||||
Put Options Written | — | (2,299,766 | ) | — | (2,299,766 | ) | ||||||||||
Total Liabilities | $ | — | $ | (3,617,283 | ) | $ | — | $ | (3,617,283 | ) |
3 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Jan ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 98.9% | ||||||||||||||||||
Options on ETF – 98.9% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | December 2024 | $ | 3.56 | 8,175 | $ | 2,910,300 | $ | 387,192,525 | ||||||||||
Total Options Purchased – Calls (Cost $379,334,222) | 2,910,300 | 387,192,525 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 4.0% | ||||||||||||||||||
Options on ETF – 4.0% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | December 2024 | 475.36 | 8,175 | 388,606,800 | 15,606,075 | |||||||||||||
Total Options Purchased – Puts (Cost $18,731,438) | 388,606,800 | 15,606,075 |
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||||||
Time Deposits – 0.7% | ||||||||||||||||||
JP Morgan Chase & Co., New York, 4.670%, 2/01/24(c) | $ | 2,920,990 | 2,920,990 | |||||||||||||||
Total Short-Term Investments (Cost $2,920,990) | 2,920,990 | |||||||||||||||||
Total Investments – 103.6% (Cost $400,986,650) | 405,719,590 | |||||||||||||||||
Other assets less liabilities – (3.6)% | (13,973,603 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 391,745,987 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 8,175 | $ | 531.92 | December 2024 | $ | 8,002,125 | $ | 434,844,600 | $ | (9,564,750 | ) | |||||||||||
$ | 8,002,125 | $ | 434,844,600 | $ | (9,564,750 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 8,175 | $ | 380.25 | December 2024 | $ | 5,099,972 | $ | 310,854,375 | $ | (4,193,775 | ) | |||||||||||
$ | 5,099,972 | $ | 310,854,375 | $ | (4,193,775 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 13,102,097 | $ | 745,698,975 | $ | (13,758,525 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
4 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Jan ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer20 Jan ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
5 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Jan ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer20 Jan ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | 387,192,525 | $ | — | $ | — | $ | 387,192,525 | ||||||||
Option Purchased - Puts | 15,606,075 | — | — | 15,606,075 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 2,920,990 | — | — | 2,920,990 | ||||||||||||
Total Assets | $ | 405,719,590 | $ | — | $ | — | $ | 405,719,590 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | (9,564,750 | ) | $ | — | $ | — | $ | (9,564,750 | ) | ||||||
Put Options Written | (4,193,775 | ) | — | — | (4,193,775 | ) | ||||||||||
Total Liabilities | $ | (13,758,525 | ) | $ | — | $ | — | $ | (13,758,525 | ) |
6 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Feb ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 98.7% | ||||||||||||||||||
Options on ETF – 98.7% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | January 2025 | $ | 3.57 | 643 | $ | 229,551 | $ | 30,453,766 | ||||||||||
Total Options Purchased – Calls (Cost $30,456,241) | 229,551 | 30,453,766 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 4.5% | ||||||||||||||||||
Options on ETF – 4.5% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | January 2025 | 482.83 | 643 | 31,045,969 | 1,392,095 | |||||||||||||
Total Options Purchased – Puts (Cost $1,394,571) | 31,045,969 | 1,392,095 |
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.6% | ||||||||||||||||||
Time Deposits – 0.6% | ||||||||||||||||||
Skandinaviska Enskilda Banken AB, Stockholm, 4.670%, 2/01/24(c) | $ | 175,222 | 175,222 | |||||||||||||||
Total Short-Term Investments (Cost $175,222) | 175,222 | |||||||||||||||||
Total Investments – 103.8% (Cost $32,026,034) | 32,021,083 | |||||||||||||||||
Other assets less liabilities – (3.8)% | (1,185,594 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 30,835,489 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 643 | $ | 564.97 | January 2025 | $ | 317,095 | $ | 36,327,571 | $ | (319,571 | ) | |||||||||||
$ | 317,095 | $ | 36,327,571 | $ | (319,571 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 643 | $ | 434.59 | January 2025 | $ | 704,181 | $ | 27,944,137 | $ | (706,657 | ) | |||||||||||
$ | 704,181 | $ | 27,944,137 | $ | (706,657 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 1,021,276 | $ | 64,271,708 | $ | (1,026,228 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
7 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Feb ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer10 Feb ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
8 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Feb ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer10 Feb ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 30,453,766 | $ | — | $ | 30,453,766 | ||||||||
Option Purchased - Puts | — | 1,392,095 | — | 1,392,095 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 175,222 | — | — | 175,222 | ||||||||||||
Total Assets | $ | 175,222 | $ | 31,845,861 | $ | — | $ | 32,021,083 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (319,571 | ) | $ | — | $ | (319,571 | ) | ||||||
Put Options Written | — | (706,657 | ) | — | (706,657 | ) | ||||||||||
Total Liabilities | $ | — | $ | (1,026,228 | ) | $ | — | $ | (1,026,228 | ) |
9 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Feb ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 98.2% | ||||||||||||||||||
Options on ETF – 98.2% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | January 2025 | $ | 3.62 | 987 | $ | 357,294 | $ | 46,764,060 | ||||||||||
Total Options Purchased – Calls (Cost $46,767,860) | 357,294 | 46,764,060 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 4.4% | ||||||||||||||||||
Options on ETF – 4.4% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | January 2025 | 482.93 | 987 | 47,665,191 | 2,121,063 | |||||||||||||
Total Options Purchased – Puts (Cost $2,124,863) | 47,665,191 | 2,121,063 | ||||||||||||||||
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.6% | ||||||||||||||||||
Time Deposits – 0.6% | ||||||||||||||||||
DBS Bank Ltd., Singapore, 4.670%, 2/01/24(c) | $ | 308,354 | 308,354 | |||||||||||||||
Total Short-Term Investments (Cost $308,354) | 308,354 | |||||||||||||||||
Total Investments – 103.2% (Cost $49,201,077) | 49,193,477 | |||||||||||||||||
Other assets less liabilities – (3.2)% | (1,525,522 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 47,667,955 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b) | ||||||||||||||||||||||
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 987 | $ | 540.44 | January 2025 | $ | 1,020,706 | $ | 53,341,428 | $ | (1,024,506 | ) | |||||||||||
$ | 1,020,706 | $ | 53,341,428 | $ | (1,024,506 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 987 | $ | 386.30 | January 2025 | $ | 553,855 | $ | 38,127,810 | $ | (557,655 | ) | |||||||||||
$ | 553,855 | $ | 38,127,810 | $ | (557,655 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 1,574,561 | $ | 91,469,238 | $ | (1,582,161 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
10 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Feb ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer20 Feb ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets | |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) | |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
11 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Feb ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer20 Feb ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 46,764,060 | $ | — | $ | 46,764,060 | ||||||||
Option Purchased - Puts | — | 2,121,063 | — | 2,121,063 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 308,354 | — | — | 308,354 | ||||||||||||
Total Assets | $ | 308,354 | $ | 48,885,123 | $ | — | $ | 49,193,477 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (1,024,506 | ) | $ | — | $ | (1,024,506 | ) | ||||||
Put Options Written | — | (557,655 | ) | — | (557,655 | ) | ||||||||||
Total Liabilities | $ | — | $ | (1,582,161 | ) | $ | — | $ | (1,582,161 | ) |
12 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Mar ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 102.5% | ||||||||||||||||||
Options on ETF – 102.5% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | February 2024 | $ | 2.93 | 189 | $ | 55,377 | $ | 9,081,881 | ||||||||||
Total Options Purchased – Calls (Cost $8,903,383) | 55,377 | 9,081,881 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 0.0%* | ||||||||||||||||||
Options on ETF – 0.0%* | ||||||||||||||||||
SPDR S&P 500 ETF Trust | February 2024 | 396.22 | 189 | 7,488,558 | 3,391 | |||||||||||||
Total Options Purchased – Puts (Cost $106,001) | 7,488,558 | 3,391 | ||||||||||||||||
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||||||
Time Deposits – 0.7% | ||||||||||||||||||
DBS Bank Ltd., Singapore, 4.670%, 2/01/24(c) | $ | 62,698 | 62,698 | |||||||||||||||
Total Short-Term Investments (Cost $62,698) | 62,698 | |||||||||||||||||
Total Investments – 103.2% (Cost $9,072,082) | 9,147,970 | |||||||||||||||||
Other assets less liabilities – (3.2)% | (285,791 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 8,862,179 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 189 | $ | 477.02 | February 2024 | $ | 90,948 | $ | 9,015,678 | $ | (226,603 | ) | |||||||||||
$ | 90,948 | $ | 9,015,678 | $ | (226,603 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 189 | $ | 356.63 | February 2024 | $ | 2,107 | $ | 6,740,307 | $ | (1,833 | ) | |||||||||||
$ | 2,107 | $ | 6,740,307 | $ | (1,833 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 93,055 | $ | 15,755,985 | $ | (228,436 | ) |
* | Less than 0.005%. |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
13 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Mar ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer10 Mar ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets | |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) | |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
14 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Mar ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer10 Mar ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 9,081,881 | $ | — | $ | 9,081,881 | ||||||||
Option Purchased - Puts | — | 3,391 | — | 3,391 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 62,698 | — | — | 62,698 | ||||||||||||
Total Assets | $ | 62,698 | $ | 9,085,272 | $ | — | $ | 9,147,970 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (226,603 | ) | $ | — | $ | (226,603 | ) | ||||||
Put Options Written | — | (1,833 | ) | — | (1,833 | ) | ||||||||||
Total Liabilities | $ | — | $ | (228,436 | ) | $ | — | $ | (228,436 | ) |
15 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Mar ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 107.8% | ||||||||||||||||||
Options on ETF – 107.8% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | February 2024 | $ | 2.97 | 521 | $ | 154,737 | $ | 25,033,164 | ||||||||||
Total Options Purchased – Calls (Cost $24,541,339) | 154,737 | 25,033,164 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 0.0%* | ||||||||||||||||||
Options on ETF – 0.0%* | ||||||||||||||||||
SPDR S&P 500 ETF Trust | February 2024 | 396.30 | 521 | 20,647,230 | 9,357 | |||||||||||||
Total Options Purchased – Puts (Cost $1,265,889) | 20,647,230 | 9,357 | ||||||||||||||||
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||||||
Time Deposits – 0.7% | ||||||||||||||||||
Sumitomo Mitsui Trust Bank Ltd., London, 4.670%, 2/01/24(c) | $ | 158,443 | 158,443 | |||||||||||||||
Total Short-Term Investments (Cost $158,443) | 158,443 | |||||||||||||||||
Total Investments – 108.5% (Cost $25,965,671) | 25,200,964 | |||||||||||||||||
Other assets less liabilities – (8.5)% | (1,972,455 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 23,228,509 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 521 | $ | 451.82 | February 2024 | $ | 570,818 | $ | 23,539,822 | $ | (1,792,167 | ) | |||||||||||
$ | 570,818 | $ | 23,539,822 | $ | (1,792,167 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 521 | $ | 317.01 | February 2024 | $ | 1,639 | $ | 16,516,221 | $ | (2,991 | ) | |||||||||||
$ | 1,639 | $ | 16,516,221 | $ | (2,991 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 572,457 | $ | 40,056,043 | $ | (1,795,158 | ) |
* | Less than 0.005%. |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
16 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Mar ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer20 Mar ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets | |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) | |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
17 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Mar ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer20 Mar ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 25,033,164 | $ | — | $ | 25,033,164 | ||||||||
Option Purchased - Puts | — | 9,357 | — | 9,357 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 158,443 | — | — | 158,443 | ||||||||||||
Total Assets | $ | 158,443 | $ | 25,042,521 | $ | — | $ | 25,200,964 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (1,792,167 | ) | $ | — | $ | (1,792,167 | ) | ||||||
Put Options Written | — | (2,991 | ) | — | (2,991 | ) | ||||||||||
Total Liabilities | $ | — | $ | (1,795,158 | ) | $ | — | $ | (1,795,158 | ) |
18 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Apr ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 101.9% | ||||||||||||||||||
Options on ETF – 101.9% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | March 2024 | $ | 3.03 | 614 | $ | 186,042 | $ | 29,414,640 | ||||||||||
Total Options Purchased – Calls (Cost $24,680,610) | 186,042 | 29,414,640 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 0.1% | ||||||||||||||||||
Options on ETF – 0.1% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | March 2024 | 409.35 | 614 | 25,134,090 | 41,869 | |||||||||||||
Total Options Purchased – Puts (Cost $1,494,776) | 25,134,090 | 41,869 | ||||||||||||||||
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||||||
Time Deposits – 0.7% | ||||||||||||||||||
JP Morgan Chase & Co., New York, 4.670%, 2/01/24(c) | $ | 199,069 | 199,069 | |||||||||||||||
Total Short-Term Investments (Cost $199,069) | 199,069 | |||||||||||||||||
Total Investments – 102.7% (Cost $26,374,455) | 29,655,578 | |||||||||||||||||
Other assets less liabilities – (2.7)% | (783,021 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 28,872,557 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 614 | $ | 486.60 | March 2024 | $ | 301,862 | $ | 29,877,240 | $ | (554,896 | ) | |||||||||||
$ | 301,862 | $ | 29,877,240 | $ | (554,896 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 614 | $ | 368.45 | March 2024 | $ | 896,292 | $ | 22,622,830 | $ | (19,470 | ) | |||||||||||
$ | 896,292 | $ | 22,622,830 | $ | (19,470 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 1,198,154 | $ | 52,500,070 | $ | (574,366 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
19 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Apr ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer10 Apr ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets | |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) | |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
20 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Apr ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer10 Apr ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 29,414,640 | $ | — | $ | 29,414,640 | ||||||||
Option Purchased - Puts | — | 41,869 | — | 41,869 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 199,069 | — | — | 199,069 | ||||||||||||
Total Assets | $ | 199,069 | $ | 29,456,509 | $ | — | $ | 29,655,578 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (554,896 | ) | $ | — | $ | (554,896 | ) | ||||||
Put Options Written | — | (19,470 | ) | — | (19,470 | ) | ||||||||||
Total Liabilities | $ | — | $ | (574,366 | ) | $ | — | $ | (574,366 | ) |
21 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Apr ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 106.1% | ||||||||||||||||||
Options on ETF – 106.1% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | March 2024 | $ | 3.07 | 2,235 | $ | 686,145 | $ | 107,062,333 | ||||||||||
Total Options Purchased – Calls (Cost $89,496,789) | 686,145 | 107,062,333 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 0.2% | ||||||||||||||||||
Options on ETF – 0.2% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | March 2024 | 409.43 | 2,235 | 91,507,605 | 152,673 | |||||||||||||
Total Options Purchased – Puts (Cost $5,631,239) | 91,507,605 | 152,673 |
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||||||
Time Deposits – 0.7% | ||||||||||||||||||
Citibank, New York, 4.670%, 2/01/24(c) | $ | 723,812 | 723,812 | |||||||||||||||
Total Short-Term Investments (Cost $723,812) | 723,812 | |||||||||||||||||
Total Investments – 107.0% (Cost $95,851,840) | 107,938,818 | |||||||||||||||||
Other assets less liabilities – (7.0)% | (7,107,926 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 100,830,892 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 2,235 | $ | 461.38 | March 2024 | $ | 2,546,805 | $ | 103,118,430 | $ | (6,224,140 | ) | |||||||||||
$ | 2,546,805 | $ | 103,118,430 | $ | (6,224,140 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 2,235 | $ | 327.51 | March 2024 | $ | 1,832,599 | $ | 73,198,485 | $ | (37,325 | ) | |||||||||||
$ | 1,832,599 | $ | 73,198,485 | $ | (37,325 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 4,379,404 | $ | 176,316,915 | $ | (6,261,465 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
22 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Apr ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer20 Apr ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets | |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) | |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
23 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Apr ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer20 Apr ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 107,062,333 | $ | — | $ | 107,062,333 | ||||||||
Option Purchased - Puts | — | 152,673 | — | 152,673 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 723,812 | — | — | 723,812 | ||||||||||||
Total Assets | $ | 723,812 | $ | 107,215,006 | $ | — | $ | 107,938,818 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (6,224,140 | ) | $ | — | $ | (6,224,140 | ) | ||||||
Put Options Written | — | (37,325 | ) | — | (37,325 | ) | ||||||||||
Total Liabilities | $ | — | $ | (6,261,465 | ) | $ | — | $ | (6,261,465 | ) |
24 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 May ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 101.7% | ||||||||||||||||||
Options on ETF – 101.7% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | April 2024 | $ | 3.08 | 483 | $ | 148,764 | $ | 23,134,159 | ||||||||||
Total Options Purchased – Calls (Cost $19,289,363) | 148,764 | 23,134,159 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 0.3% | ||||||||||||||||||
Options on ETF – 0.3% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | April 2024 | 415.89 | 483 | 20,087,487 | 70,103 | |||||||||||||
Total Options Purchased – Puts (Cost $1,134,354) | 20,087,487 | 70,103 |
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||||||
Time Deposits – 0.7% | ||||||||||||||||||
Sumitomo Mitsui Trust Bank Ltd., London, 4.670%, 2/01/24(c) | $ | 156,338 | 156,338 | |||||||||||||||
Total Short-Term Investments (Cost $156,338) | 156,338 | |||||||||||||||||
Total Investments – 102.7% (Cost $20,580,055) | 23,360,600 | |||||||||||||||||
Other assets less liabilities – (2.7)% | (621,920 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 22,738,680 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 483 | $ | 496.66 | April 2024 | $ | 166,749 | $ | 23,988,678 | $ | (367,244 | ) | |||||||||||
$ | 166,749 | $ | 23,988,678 | $ | (367,244 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 483 | $ | 374.34 | April 2024 | $ | 795,413 | $ | 18,080,622 | $ | (33,308 | ) | |||||||||||
$ | 795,413 | $ | 18,080,622 | $ | (33,308 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 962,162 | $ | 42,069,300 | $ | (400,552 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
25 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 May ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer10 May ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets | |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) | |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
26 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 May ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer10 May ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 23,134,159 | $ | — | $ | 23,134,159 | ||||||||
Option Purchased - Puts | — | 70,103 | — | 70,103 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 156,338 | — | — | 156,338 | ||||||||||||
Total Assets | $ | 156,338 | $ | 23,204,262 | $ | — | $ | 23,360,600 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (367,244 | ) | $ | — | $ | (367,244 | ) | ||||||
Put Options Written | — | (33,308 | ) | — | (33,308 | ) | ||||||||||
Total Liabilities | $ | — | $ | (400,552 | ) | $ | — | $ | (400,552 | ) |
27 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 May ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 105.4% | ||||||||||||||||||
Options on ETF – 105.4% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | April 2024 | $ | 3.12 | 966 | $ | 301,392 | $ | 46,264,503 | ||||||||||
Total Options Purchased – Calls (Cost $38,837,159) | 301,392 | 46,264,503 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 0.3% | ||||||||||||||||||
Options on ETF – 0.3% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | April 2024 | 415.97 | 966 | 40,182,702 | 140,437 | |||||||||||||
Total Options Purchased – Puts (Cost $2,453,609) | 40,182,702 | 140,437 | ||||||||||||||||
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||||||
Time Deposits – 0.7% | ||||||||||||||||||
Citibank, New York, 4.670%, 2/01/24(c) | $ | 304,937 | 304,937 | |||||||||||||||
Total Short-Term Investments (Cost $304,937) | 304,937 | |||||||||||||||||
Total Investments – 106.4% (Cost $41,595,705) | 46,709,877 | |||||||||||||||||
Other assets less liabilities – (6.4)% | (2,829,038 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 43,880,839 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 966 | $ | 469.96 | April 2024 | $ | 830,577 | $ | 45,398,136 | $ | (2,366,236 | ) | |||||||||||
$ | 830,577 | $ | 45,398,136 | $ | (2,366,236 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 966 | $ | 332.74 | April 2024 | $ | 833,389 | $ | 32,142,684 | $ | (35,887 | ) | |||||||||||
$ | 833,389 | $ | 32,142,684 | $ | (35,887 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 1,663,966 | $ | 77,540,820 | $ | (2,402,123 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
28 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 May ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer20 May ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
29 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 May ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer20 May ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 46,264,503 | $ | — | $ | 46,264,503 | ||||||||
Option Purchased - Puts | — | 140,437 | — | 140,437 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 304,937 | — | — | 304,937 | ||||||||||||
Total Assets | $ | 304,937 | $ | 46,404,940 | $ | — | $ | 46,709,877 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (2,366,236 | ) | $ | — | $ | (2,366,236 | ) | ||||||
Put Options Written | — | (35,887 | ) | — | (35,887 | ) | ||||||||||
Total Liabilities | $ | — | $ | (2,402,123 | ) | $ | — | $ | (2,402,123 | ) |
30 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Jun ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 101.4% | ||||||||||||||||||
Options on ETF – 101.4% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | May 2024 | $ | 3.09 | 777 | $ | 240,093 | $ | 37,228,238 | ||||||||||
Total Options Purchased – Calls (Cost $32,905,327) | 240,093 | 37,228,238 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 0.5% | ||||||||||||||||||
Options on ETF – 0.5% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | May 2024 | 417.81 | 777 | 32,463,837 | 177,094 | |||||||||||||
Total Options Purchased – Puts (Cost $1,352,735) | 32,463,837 | 177,094 | ||||||||||||||||
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||||||
Time Deposits – 0.7% | ||||||||||||||||||
JP Morgan Chase & Co., New York, 4.670%, 2/01/24(c) | $ | 246,853 | 246,853 | |||||||||||||||
Total Short-Term Investments (Cost $246,853) | 246,853 | |||||||||||||||||
Total Investments – 102.6% (Cost $34,504,915) | 37,652,185 | |||||||||||||||||
Other assets less liabilities – (2.6)% | (944,296 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 36,707,889 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 777 | $ | 500.25 | May 2024 | $ | 372,600 | $ | 38,869,425 | $ | (715,229 | ) | |||||||||||
$ | 372,600 | $ | 38,869,425 | $ | (715,229 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 777 | $ | 376.07 | May 2024 | $ | 754,354 | $ | 29,220,639 | $ | (85,159 | ) | |||||||||||
$ | 754,354 | $ | 29,220,639 | $ | (85,159 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 1,126,954 | $ | 68,090,064 | $ | (800,388 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
31 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Jun ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer10 Jun ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
32 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Jun ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer10 Jun ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 37,228,238 | $ | — | $ | 37,228,238 | ||||||||
Option Purchased - Puts | — | 177,094 | — | 177,094 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 246,853 | — | — | 246,853 | ||||||||||||
Total Assets | $ | 246,853 | $ | 37,405,332 | $ | — | $ | 37,652,185 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (715,229 | ) | $ | — | $ | (715,229 | ) | ||||||
Put Options Written | — | (85,159 | ) | — | (85,159 | ) | ||||||||||
Total Liabilities | $ | — | $ | (800,388 | ) | $ | — | $ | (800,388 | ) |
33 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Jun ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 105.1% | ||||||||||||||||||
Options on ETF – 105.1% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | May 2024 | $ | 3.13 | 1,124 | $ | 351,812 | $ | 53,798,012 | ||||||||||
Total Options Purchased – Calls (Cost $47,768,754) | 351,812 | 53,798,012 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 0.5% | ||||||||||||||||||
Options on ETF – 0.5% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | May 2024 | 417.89 | 1,124 | 46,970,836 | 266,388 | |||||||||||||
Total Options Purchased – Puts (Cost $2,161,889) | 46,970,836 | 266,388 | ||||||||||||||||
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||||||
Time Deposits – 0.7% | ||||||||||||||||||
Sumitomo Mitsui Trust Bank Ltd., London, 4.670%, 2/01/24(c) | $ | 335,407 | 335,407 | |||||||||||||||
Total Short-Term Investments (Cost $335,407) | 335,407 | |||||||||||||||||
Total Investments – 106.3% (Cost $50,266,050) | 54,399,807 | |||||||||||||||||
Other assets less liabilities – (6.3)% | (3,245,361 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 51,154,446 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 1,124 | $ | 473.34 | May 2024 | $ | 1,401,299 | $ | 53,203,416 | $ | (2,853,836 | ) | |||||||||||
$ | 1,401,299 | $ | 53,203,416 | $ | (2,853,836 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 1,124 | $ | 334.28 | May 2024 | $ | 583,252 | $ | 37,573,072 | $ | (67,440 | ) | |||||||||||
$ | 583,252 | $ | 37,573,072 | $ | (67,440 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 1,984,551 | $ | 90,776,488 | $ | (2,921,276 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
34 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Jun ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer20 Jun ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
35 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Jun ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer20 Jun ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | 53,798,012 | $ | — | $ | — | $ | 53,798,012 | ||||||||
Option Purchased - Puts | 266,388 | — | — | 266,388 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 335,407 | — | — | 335,407 | ||||||||||||
Total Assets | $ | 54,399,807 | $ | — | $ | — | $ | 54,399,807 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | (2,853,836 | ) | $ | — | $ | — | $ | (2,853,836 | ) | ||||||
Put Options Written | (67,440 | ) | — | — | (67,440 | ) | ||||||||||
Total Liabilities | $ | (2,921,276 | ) | $ | — | $ | — | $ | (2,921,276 | ) |
36 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Jul ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 99.8% | ||||||||||||||||||
Options on ETF – 99.8% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | June 2024 | $ | 3.28 | 1,992 | $ | 653,376 | $ | 95,059,236 | ||||||||||
Total Options Purchased – Calls (Cost $86,876,317) | 653,376 | 95,059,236 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 1.1% | ||||||||||||||||||
Options on ETF – 1.1% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | June 2024 | 443.24 | 1,992 | 88,293,408 | 1,018,470 | |||||||||||||
Total Options Purchased – Puts (Cost $3,984,398) | 88,293,408 | 1,018,470 |
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||||||
Time Deposits – 0.7% | ||||||||||||||||||
Citibank, New York, 4.670%, 2/01/24(c) | $ | 679,187 | 679,187 | |||||||||||||||
Total Short-Term Investments (Cost $679,187) | 679,187 | |||||||||||||||||
Total Investments – 101.6% (Cost $91,539,902) | 96,756,893 | |||||||||||||||||
Other assets less liabilities – (1.6)% | (1,551,214 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 95,205,679 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 1,992 | $ | 523.34 | June 2024 | $ | 627,463 | $ | 104,249,328 | $ | (728,733 | ) | |||||||||||
$ | 627,463 | $ | 104,249,328 | $ | (728,733 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 1,992 | $ | 398.95 | June 2024 | $ | 2,089,327 | $ | 79,470,840 | $ | (444,535 | ) | |||||||||||
$ | 2,089,327 | $ | 79,470,840 | $ | (444,535 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 2,716,790 | $ | 183,720,168 | $ | (1,173,268 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
37 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Jul ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer10 Jul ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
38 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Jul ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer10 Jul ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 95,059,236 | $ | — | $ | 95,059,236 | ||||||||
Option Purchased - Puts | — | 1,018,470 | — | 1,018,470 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 679,187 | — | — | 679,187 | ||||||||||||
Total Assets | $ | 679,187 | $ | 96,077,706 | $ | — | $ | 96,756,893 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (728,733 | ) | $ | — | $ | (728,733 | ) | ||||||
Put Options Written | — | (444,535 | ) | — | (444,535 | ) | ||||||||||
Total Liabilities | $ | — | $ | (1,173,268 | ) | $ | — | $ | (1,173,268 | ) |
39 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Jul ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 101.2% | ||||||||||||||||||
Options on ETF – 101.2% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | June 2024 | $ | 3.32 | 4,626 | $ | 1,535,832 | $ | 220,736,945 | ||||||||||
Total Options Purchased – Calls (Cost $202,654,848) | 1,535,832 | 220,736,945 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 1.1% | ||||||||||||||||||
Options on ETF – 1.1% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | June 2024 | 443.32 | 4,626 | 205,079,832 | 2,369,067 | |||||||||||||
Total Options Purchased – Puts (Cost $9,266,457) | 205,079,832 | 2,369,067 |
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||||||
Time Deposits – 0.7% | ||||||||||||||||||
Skandinaviska Enskilda Banken AB, Stockholm, 4.670%, 2/01/24(c) | $ | 1,524,499 | 1,524,499 | |||||||||||||||
Total Short-Term Investments (Cost $1,524,499) | 1,524,499 | |||||||||||||||||
Total Investments – 103.0% (Cost $213,445,804) | 224,630,511 | |||||||||||||||||
Other assets less liabilities – (3.0)% | (6,619,424 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 218,011,087 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 4,626 | $ | 500.02 | June 2024 | $ | 4,171,588 | $ | 231,309,252 | $ | (5,165,299 | ) | |||||||||||
$ | 4,171,588 | $ | 231,309,252 | $ | (5,165,299 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 4,626 | $ | 354.62 | June 2024 | $ | 3,622,369 | $ | 164,047,212 | $ | (521,258 | ) | |||||||||||
$ | 3,622,369 | $ | 164,047,212 | $ | (521,258 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 7,793,957 | $ | 395,356,464 | $ | (5,686,557 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
40 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Jul ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer20 Jul ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
41 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Jul ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer20 Jul ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 220,736,945 | $ | — | $ | 220,736,945 | ||||||||
Option Purchased - Puts | — | 2,369,067 | — | 2,369,067 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 1,524,499 | — | — | 1,524,499 | ||||||||||||
Total Assets | $ | 1,524,499 | $ | 223,106,012 | $ | — | $ | 224,630,511 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (5,165,299 | ) | $ | — | $ | (5,165,299 | ) | ||||||
Put Options Written | — | (521,258 | ) | — | (521,258 | ) | ||||||||||
Total Liabilities | $ | — | $ | (5,686,557 | ) | $ | — | $ | (5,686,557 | ) |
42 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Aug ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 99.0% | ||||||||||||||||||
Options on ETF – 99.0% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | July 2024 | $ | 3.39 | 1,665 | $ | 564,435 | $ | 79,444,226 | ||||||||||
Total Options Purchased - Calls (Cost $73,527,772) | 564,435 | 79,444,226 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 1.7% | ||||||||||||||||||
Options on ETF – 1.7% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | July 2024 | 457.74 | 1,665 | 76,213,710 | 1,369,263 | |||||||||||||
Total Options Purchased – Puts (Cost $3,812,173) | 76,213,710 | 1,369,263 |
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||||||
Time Deposits – 0.7% | ||||||||||||||||||
JP Morgan Chase & Co., New York, 4.670%, 2/01/24(c) | $ | 543,863 | 543,863 | |||||||||||||||
Total Short-Term Investments (Cost $543,863) | 543,863 | |||||||||||||||||
Total Investments – 101.4% (Cost $77,883,808) | 81,357,352 | |||||||||||||||||
Other assets less liabilities – (1.4)% | (1,141,793 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 80,215,559 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 1,665 | $ | 543.85 | July 2024 | $ | 359,848 | $ | 90,551,025 | $ | (317,782 | ) | |||||||||||
$ | 359,848 | $ | 90,551,025 | $ | (317,782 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 1,665 | $ | 412.01 | July 2024 | $ | 2,015,902 | $ | 68,599,665 | $ | (597,502 | ) | |||||||||||
$ | 2,015,902 | $ | 68,599,665 | $ | (597,502 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 2,375,750 | $ | 159,150,690 | $ | (915,284 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
43 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Aug ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer10 Aug ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
44 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Aug ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer10 Aug ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 79,444,226 | $ | — | $ | 79,444,226 | ||||||||
Option Purchased - Puts | — | 1,369,263 | — | 1,369,263 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 543,863 | — | — | 543,863 | ||||||||||||
Total Assets | $ | 543,863 | $ | 80,813,489 | $ | — | $ | 81,357,352 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (317,782 | ) | $ | — | $ | (317,782 | ) | ||||||
Put Options Written | — | (597,502 | ) | — | (597,502 | ) | ||||||||||
Total Liabilities | $ | — | $ | (915,284 | ) | $ | — | $ | (915,284 | ) |
45 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Aug ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 99.7% | ||||||||||||||||||
Options on ETF – 99.7% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | July 2024 | $ | 3.43 | 4,298 | $ | 1,474,214 | $ | 205,059,084 | ||||||||||
Total Options Purchased – Calls (Cost $189,366,329) | 1,474,214 | 205,059,084 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 1.7% | ||||||||||||||||||
Options on ETF – 1.7% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | July 2024 | 457.84 | 4,298 | 196,779,632 | 3,541,595 | |||||||||||||
Total Options Purchased – Puts (Cost $10,041,068) | 196,779,632 | 3,541,595 |
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||||||
Time Deposits – 0.7% | ||||||||||||||||||
Royal Bank of Canada, Toronto, 4.670%, 2/01/24(c) | $ | 1,495,502 | 1,495,502 | |||||||||||||||
Total Short-Term Investments (Cost $1,495,502) | 1,495,502 | |||||||||||||||||
Total Investments – 102.1% (Cost $200,902,899) | 210,096,181 | |||||||||||||||||
Other assets less liabilities – (2.1)% | (4,364,973 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 205,731,208 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 4,298 | $ | 517.67 | July 2024 | $ | 2,449,368 | $ | 222,494,566 | $ | (2,992,268 | ) | |||||||||||
$ | 2,449,368 | $ | 222,494,566 | $ | (2,992,268 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 4,298 | $ | 366.23 | July 2024 | $ | 2,825,630 | $ | 157,405,654 | $ | (761,090 | ) | |||||||||||
$ | 2,825,630 | $ | 157,405,654 | $ | (761,090 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 5,274,998 | $ | 379,900,220 | $ | (3,753,358 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
46 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Aug ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer20 Aug ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
47 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Aug ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer20 Aug ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 205,059,084 | $ | — | $ | 205,059,084 | ||||||||
Option Purchased - Puts | — | 3,541,595 | — | 3,541,595 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 1,495,502 | — | — | 1,495,502 | ||||||||||||
Total Assets | $ | 1,495,502 | $ | 208,600,679 | $ | — | $ | 210,096,181 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (2,992,268 | ) | $ | — | $ | (2,992,268 | ) | ||||||
Put Options Written | — | (761,090 | ) | — | (761,090 | ) | ||||||||||
Total Liabilities | $ | — | $ | (3,753,358 | ) | $ | — | $ | (3,753,358 | ) |
48 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Sep ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 99.4% | ||||||||||||||||||
Options on ETF – 99.4% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | August 2024 | $ | 3.33 | 499 | $ | 166,167 | $ | 23,826,552 | ||||||||||
Total Options Purchased – Calls (Cost $21,778,482) | 166,167 | 23,826,552 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 1.7% | ||||||||||||||||||
Options on ETF – 1.7% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | August 2024 | 450.30 | 499 | 22,469,970 | 406,500 | |||||||||||||
Total Options Purchased – Puts (Cost $1,123,776) | 22,469,970 | 406,500 |
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||||||
Time Deposits – 0.7% | ||||||||||||||||||
JPMorgan Chase & Co., New York, 4.670%, 2/01/24(c) | $ | 162,335 | 162,335 | |||||||||||||||
Total Short-Term Investments (Cost $162,335) | 162,335 | |||||||||||||||||
Total Investments – 101.8% (Cost $23,064,593) | 24,395,387 | |||||||||||||||||
Other assets less liabilities – (1.8)% | (437,453 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 23,957,934 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 499 | $ | 537.85 | August 2024 | $ | 120,664 | $ | 26,838,715 | $ | (193,088 | ) | |||||||||||
$ | 120,664 | $ | 26,838,715 | $ | (193,088 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 499 | $ | 405.32 | August 2024 | $ | 551,639 | $ | 20,225,468 | $ | (193,098 | ) | |||||||||||
$ | 551,639 | $ | 20,225,468 | $ | (193,098 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 672,303 | $ | 47,064,183 | $ | (386,186 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
49 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Sep ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer10 Sep ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
50 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Sep ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer10 Sep ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 23,826,552 | $ | — | $ | 23,826,552 | ||||||||
Option Purchased - Puts | — | 406,500 | — | 406,500 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 162,335 | — | — | 162,335 | ||||||||||||
Total Assets | $ | 162,335 | $ | 24,233,052 | $ | — | $ | 24,395,387 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (193,088 | ) | $ | — | $ | (193,088 | ) | ||||||
Put Options Written | — | (193,098 | ) | — | (193,098 | ) | ||||||||||
Total Liabilities | $ | — | $ | (386,186 | ) | $ | — | $ | (386,186 | ) |
51 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Sep ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 100.6% | ||||||||||||||||||
Options on ETF – 100.6% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | August 2024 | $ | 3.38 | 970 | $ | 327,860 | $ | 46,311,437 | ||||||||||
Total Options Purchased – Calls (Cost $41,790,063) | 327,860 | 46,311,437 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 1.7% | ||||||||||||||||||
Options on ETF – 1.7% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | August 2024 | 450.40 | 970 | 43,688,800 | 791,588 | |||||||||||||
Total Options Purchased – Puts (Cost $2,406,708) | 43,688,800 | 791,588 |
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.8% | ||||||||||||||||||
Time Deposits – 0.8% | ||||||||||||||||||
Sumitomo Mitsui Trust Bank Ltd., London, 4.670%, 2/01/24(c) | $ | 350,864 | 350,864 | |||||||||||||||
Total Short-Term Investments (Cost $350,864) | 350,864 | |||||||||||||||||
Total Investments – 103.1% (Cost $44,547,635) | 47,453,889 | |||||||||||||||||
Other assets less liabilities – (3.1)% | (1,427,267 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 46,026,622 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 970 | $ | 511.37 | August 2024 | $ | 585,698 | $ | 49,602,890 | $ | (1,122,503 | ) | |||||||||||
$ | 585,698 | $ | 49,602,890 | $ | (1,122,503 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 970 | $ | 360.28 | August 2024 | $ | 605,387 | $ | 34,947,160 | $ | (196,483 | ) | |||||||||||
$ | 605,387 | $ | 34,947,160 | $ | (196,483 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 1,191,085 | $ | 84,550,050 | $ | (1,318,986 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
52 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Sep ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer20 Sep ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
53 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Sep ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer20 Sep ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 46,311,437 | $ | — | $ | 46,311,437 | ||||||||
Option Purchased - Puts | — | 791,588 | — | 791,588 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 350,864 | — | — | 350,864 | ||||||||||||
Total Assets | $ | 350,864 | $ | 47,103,025 | $ | — | $ | 47,453,889 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (1,122,503 | ) | $ | — | $ | (1,122,503 | ) | ||||||
Put Options Written | — | (196,483 | ) | — | (196,483 | ) | ||||||||||
Total Liabilities | $ | — | $ | (1,318,986 | ) | $ | — | $ | (1,318,986 | ) |
54 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Oct ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 101.8% | ||||||||||||||||||
Options on ETF – 101.8% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | September 2024 | $ | 3.16 | 851 | $ | 268,916 | $ | 40,509,634 | ||||||||||
Total Options Purchased – Calls (Cost $35,621,882) | 268,916 | 40,509,634 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 1.4% | ||||||||||||||||||
Options on ETF – 1.4% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | September 2024 | 427.44 | 851 | 36,375,144 | 558,001 | |||||||||||||
Total Options Purchased – Puts (Cost $1,891,562) | 36,375,144 | 558,001 | ||||||||||||||||
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||||||
Time Deposits – 0.7% | ||||||||||||||||||
Citibank, New York, 4.670%, 2/01/24(c) | $ | 260,020 | 260,020 | |||||||||||||||
Total Short-Term Investments (Cost $260,020) | 260,020 | |||||||||||||||||
Total Investments – 103.9% (Cost $37,773,464) | 41,327,655 | |||||||||||||||||
Other assets less liabilities – (3.9)% | (1,535,757 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 39,791,898 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 851 | $ | 510.89 | September 2024 | $ | 377,163 | $ | 43,476,739 | $ | (1,144,272 | ) | |||||||||||
$ | 377,163 | $ | 43,476,739 | $ | (1,144,272 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 851 | $ | 384.73 | September 2024 | $ | 1,038,348 | $ | 32,740,523 | $ | (295,186 | ) | |||||||||||
$ | 1,038,348 | $ | 32,740,523 | $ | (295,186 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 1,415,511 | $ | 76,217,262 | $ | (1,439,458 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
55 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Oct ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer10 Oct ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets | |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) | |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
56 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Oct ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer10 Oct ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 40,509,634 | $ | — | $ | 40,509,634 | ||||||||
Option Purchased - Puts | — | 558,001 | — | 558,001 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 260,020 | — | — | 260,020 | ||||||||||||
Total Assets | $ | 260,020 | $ | 41,067,635 | $ | — | $ | 41,327,655 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (1,144,272 | ) | $ | — | $ | (1,144,272 | ) | ||||||
Put Options Written | — | (295,186 | ) | — | (295,186 | ) | ||||||||||
Total Liabilities | $ | — | $ | (1,439,458 | ) | $ | — | $ | (1,439,458 | ) |
57 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Oct ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 104.4% | ||||||||||||||||||
Options on ETF – 104.4% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | September 2024 | $ | 3.21 | 2,940 | $ | 943,740 | $ | 139,936,826 | ||||||||||
Total Options Purchased – Calls (Cost $122,922,005) | 943,740 | 139,936,826 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 1.4% | ||||||||||||||||||
Options on ETF – 1.4% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | September 2024 | 427.52 | 2,940 | 125,690,880 | 1,930,169 | |||||||||||||
Total Options Purchased – Puts (Cost $6,683,277) | 125,690,880 | 1,930,169 | ||||||||||||||||
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||||||
Time Deposits – 0.7% | ||||||||||||||||||
JP Morgan Chase & Co., New York, 4.670%, 2/01/24(c) | $ | 921,834 | 921,834 | |||||||||||||||
Total Short-Term Investments (Cost $921,834) | 921,834 | |||||||||||||||||
Total Investments – 106.5% (Cost $130,527,116) | 142,788,829 | |||||||||||||||||
Other assets less liabilities – (6.5)% | (8,743,222 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 134,045,607 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 2,940 | $ | 486.60 | September 2024 | $ | 2,884,480 | $ | 143,060,400 | $ | (7,835,482 | ) | |||||||||||
$ | 2,884,480 | $ | 143,060,400 | $ | (7,835,482 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 2,940 | $ | 341.98 | September 2024 | $ | 1,944,631 | $ | 100,542,120 | $ | (575,623 | ) | |||||||||||
$ | 1,944,631 | $ | 100,542,120 | $ | (575,623 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 4,829,111 | $ | 243,602,520 | $ | (8,411,105 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
58 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Oct ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer20 Oct ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets | |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) | |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
59 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Oct ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer20 Oct ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 139,936,826 | $ | — | $ | 139,936,826 | ||||||||
Option Purchased - Puts | — | 1,930,169 | — | 1,930,169 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 921,834 | — | — | 921,834 | ||||||||||||
Total Assets | $ | 921,834 | $ | 141,866,995 | $ | — | $ | 142,788,829 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (7,835,482 | ) | $ | — | $ | (7,835,482 | ) | ||||||
Put Options Written | — | (575,623 | ) | — | (575,623 | ) | ||||||||||
Total Liabilities | $ | — | $ | (8,411,105 | ) | $ | — | $ | (8,411,105 | ) |
60 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Nov ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 103.7% | ||||||||||||||||||
Options on ETF – 103.7% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | October 2024 | $ | 3.09 | 225 | $ | 69,525 | $ | 10,716,790 | ||||||||||
Total Options Purchased – Calls (Cost $10,499,713) | 69,525 | 10,716,790 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 1.4% | ||||||||||||||||||
Options on ETF – 1.4% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | October 2024 | 418.16 | 225 | 9,408,600 | 146,867 | |||||||||||||
Total Options Purchased – Puts (Cost $488,880) | 9,408,600 | 146,867 | ||||||||||||||||
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.6% | ||||||||||||||||||
Time Deposits – 0.6% | ||||||||||||||||||
JP Morgan Chase & Co., New York, 4.670%, 2/01/24(c) | $ | 59,085 | 59,085 | |||||||||||||||
Total Short-Term Investments (Cost $59,085) | 59,085 | |||||||||||||||||
Total Investments – 105.7% (Cost $11,047,678) | 10,922,742 | |||||||||||||||||
Other assets less liabilities – (5.7)% | (585,737 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 10,337,005 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 225 | $ | 500.49 | October 2024 | $ | 114,049 | $ | 11,261,025 | $ | (482,526 | ) | |||||||||||
$ | 114,049 | $ | 11,261,025 | $ | (482,526 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 225 | $ | 376.38 | October 2024 | $ | 91,563 | $ | 8,468,550 | $ | (81,128 | ) | |||||||||||
$ | 91,563 | $ | 8,468,550 | $ | (81,128 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 205,612 | $ | 19,729,575 | $ | (563,654 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
61 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Nov ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer10 Nov ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may
occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets | |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) | |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
62 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Nov ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer10 Nov ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 10,716,790 | $ | — | $ | 10,716,790 | ||||||||
Option Purchased - Puts | — | 146,867 | — | 146,867 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 59,085 | — | — | 59,085 | ||||||||||||
Total Assets | $ | 59,085 | $ | 10,863,657 | $ | — | $ | 10,922,742 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (482,526 | ) | $ | — | $ | (482,526 | ) | ||||||
Put Options Written | — | (81,128 | ) | — | (81,128 | ) | ||||||||||
Total Liabilities | $ | — | $ | (563,654 | ) | $ | — | $ | (563,654 | ) |
63 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Nov ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 106.7% | ||||||||||||||||||
Options on ETF – 106.7% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | October 2024 | $ | 3.14 | 739 | $ | 232,046 | $ | 35,195,148 | ||||||||||
Total Options Purchased – Calls (Cost $34,480,390) | 232,046 | 35,195,148 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 1.5% | ||||||||||||||||||
Options on ETF – 1.5% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | October 2024 | 418.24 | 739 | 30,907,936 | 482,937 | |||||||||||||
Total Options Purchased – Puts (Cost $1,513,168) | 30,907,936 | 482,937 | ||||||||||||||||
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.6% | ||||||||||||||||||
Time Deposits – 0.6% | ||||||||||||||||||
Citibank, New York, 4.670%, 2/01/24(c) | $ | 207,278 | 207,278 | |||||||||||||||
Total Short-Term Investments (Cost $207,278) | 207,278 | |||||||||||||||||
Total Investments – 108.8% (Cost $36,200,836) | 35,885,363 | |||||||||||||||||
Other assets less liabilities – (8.8)% | (2,895,552 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 32,989,811 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 739 | $ | 476.89 | October 2024 | $ | 914,469 | $ | 35,242,171 | $ | (2,678,735 | ) | |||||||||||
$ | 914,469 | $ | 35,242,171 | $ | (2,678,735 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 739 | $ | 334.56 | October 2024 | $ | 165,344 | $ | 24,723,984 | $ | (155,456 | ) | |||||||||||
$ | 165,344 | $ | 24,723,984 | $ | (155,456 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 1,079,813 | $ | 59,966,155 | $ | (2,834,191 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
64 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Nov ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer20 Nov ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
65 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Nov ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer20 Nov ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 35,195,148 | $ | — | $ | 35,195,148 | ||||||||
Option Purchased - Puts | — | 482,937 | — | 482,937 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 207,278 | — | — | 207,278 | ||||||||||||
Total Assets | $ | 207,278 | $ | 35,678,085 | $ | — | $ | 35,885,363 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (2,678,735 | ) | $ | — | $ | (2,678,735 | ) | ||||||
Put Options Written | — | (155,456 | ) | — | (155,456 | ) | ||||||||||
Total Liabilities | $ | — | $ | (2,834,191 | ) | $ | — | $ | (2,834,191 | ) |
66 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Dec ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 99.8% | ||||||||||||||||||
Options on ETF – 99.8% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | November 2024 | $ | 3.38 | 1,074 | $ | 363,012 | $ | 51,136,480 | ||||||||||
Total Options Purchased – Calls (Cost $48,441,046) | 363,012 | 51,136,480 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 2.7% | ||||||||||||||||||
Options on ETF – 2.7% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | November 2024 | 456.35 | 1,074 | 49,011,990 | 1,360,694 | |||||||||||||
Total Options Purchased – Puts (Cost $2,160,161) | 49,011,990 | 1,360,694 | ||||||||||||||||
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||||||
Time Deposits – 0.7% | ||||||||||||||||||
Skandinaviska Enskilda Banken AB, Stockholm, 4.670%, 2/01/24(c) | $ | 371,086 | 371,086 | |||||||||||||||
Total Short-Term Investments (Cost $371,086) | 371,086 | |||||||||||||||||
Total Investments – 103.2% (Cost $50,972,293) | 52,868,260 | |||||||||||||||||
Other assets less liabilities – (3.2)% | (1,653,715 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 51,214,545 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 1,074 | $ | 538.32 | November 2024 | $ | 487,302 | $ | 57,815,568 | $ | (889,326 | ) | |||||||||||
$ | 487,302 | $ | 57,815,568 | $ | (889,326 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 1,074 | $ | 410.76 | November 2024 | $ | 1,125,703 | $ | 44,115,624 | $ | (709,731 | ) | |||||||||||
$ | 1,125,703 | $ | 44,115,624 | $ | (709,731 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 1,613,005 | $ | 101,931,192 | $ | (1,599,057 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
67 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Dec ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer10 Dec ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
68 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer10 Dec ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer10 Dec ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 51,136,480 | $ | — | $ | 51,136,480 | ||||||||
Option Purchased - Puts | — | 1,360,694 | — | 1,360,694 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 371,086 | — | — | 371,086 | ||||||||||||
Total Assets | $ | 371,086 | $ | 52,497,174 | $ | — | $ | 52,868,260 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (889,326 | ) | $ | — | $ | (889,326 | ) | ||||||
Put Options Written | — | (709,731 | ) | — | (709,731 | ) | ||||||||||
Total Liabilities | $ | — | $ | (1,599,057 | ) | $ | — | $ | (1,599,057 | ) |
69 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Dec ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 101.2% | ||||||||||||||||||
Options on ETF – 101.2% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | November 2024 | $ | 3.42 | 2,223 | $ | 760,266 | $ | 105,835,430 | ||||||||||
Total Options Purchased – Calls (Cost $99,726,626) | 760,266 | 105,835,430 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 2.7% | ||||||||||||||||||
Options on ETF – 2.7% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | November 2024 | 456.45 | 2,223 | 101,468,835 | 2,820,542 | |||||||||||||
Total Options Purchased – Puts (Cost $4,618,453) | 101,468,835 | 2,820,542 | ||||||||||||||||
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||||||
Time Deposits – 0.7% | ||||||||||||||||||
Sumitomo Mitsui Trust Bank Ltd., London, 4.670%, 2/01/24(c) | $ | 775,862 | 775,862 | |||||||||||||||
Total Short-Term Investments (Cost $775,862) | 775,862 | |||||||||||||||||
Total Investments – 104.6% (Cost $105,120,941) | 109,431,834 | |||||||||||||||||
Other assets less liabilities – (4.6)% | (4,807,043 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 104,624,791 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 2,223 | $ | 513.45 | November 2024 | $ | 2,201,554 | $ | 114,139,935 | $ | (3,893,918 | ) | |||||||||||
$ | 2,201,554 | $ | 114,139,935 | $ | (3,893,918 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 2,223 | $ | 365.12 | November 2024 | $ | 1,259,147 | $ | 81,166,176 | $ | (788,098 | ) | |||||||||||
$ | 1,259,147 | $ | 81,166,176 | $ | (788,098 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 3,460,701 | $ | 195,306,111 | $ | (4,682,016 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
70 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Dec ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap Buffer20 Dec ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
71 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap Buffer20 Dec ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap Buffer20 Dec ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 105,835,430 | $ | — | $ | 105,835,430 | ||||||||
Option Purchased - Puts | — | 2,820,542 | — | 2,820,542 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 775,862 | — | — | 775,862 | ||||||||||||
Total Assets | $ | 775,862 | $ | 108,655,972 | $ | — | $ | 109,431,834 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (3,893,918 | ) | $ | — | $ | (3,893,918 | ) | ||||||
Put Options Written | — | (788,098 | ) | — | (788,098 | ) | ||||||||||
Total Liabilities | $ | — | $ | (4,682,016 | ) | $ | — | $ | (4,682,016 | ) |
72 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 99.4% | ||||||||||||||||||
Options on ETF – 99.4% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | June 2024 | $ | 3.52 | 3,292 | $ | 1,158,784 | $ | 157,018,656 | ||||||||||
Total Options Purchased – Calls (Cost $155,103,396) | 1,158,784 | 157,018,656 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 2.2% | ||||||||||||||||||
Options on ETF – 2.2% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | June 2024 | 475.26 | 3,292 | 156,455,592 | 3,446,329 | |||||||||||||
Total Options Purchased – Puts (Cost $6,307,460) | 156,455,592 | 3,446,329 | ||||||||||||||||
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||||||
Time Deposits – 0.7% | ||||||||||||||||||
DBS Bank Ltd., Singapore, 4.670%, 2/01/24(c) | $ | 1,141,131 | 1,141,131 | |||||||||||||||
Total Short-Term Investments (Cost $1,141,131) | 1,141,131 | |||||||||||||||||
Total Investments – 102.3% (Cost $162,551,987) | 161,606,116 | |||||||||||||||||
Other assets less liabilities – (2.3)% | (3,642,475 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 157,963,641 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 3,292 | $ | 510.48 | June 2024 | $ | 3,037,557 | $ | 168,050,016 | $ | (2,311,840 | ) | |||||||||||
$ | 3,037,557 | $ | 168,050,016 | $ | (2,311,840 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 3,292 | $ | 427.78 | June 2024 | $ | 3,044,336 | $ | 140,825,176 | $ | (1,236,903 | ) | |||||||||||
$ | 3,044,336 | $ | 140,825,176 | $ | (1,236,903 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 6,081,893 | $ | 308,875,192 | $ | (3,548,743 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
73 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
74 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 157,018,656 | $ | — | $ | 157,018,656 | ||||||||
Option Purchased - Puts | — | 3,446,329 | — | 3,446,329 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 1,141,131 | — | — | 1,141,131 | ||||||||||||
Total Assets | $ | 1,141,131 | $ | 160,464,985 | $ | — | $ | 161,606,116 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (2,311,840 | ) | $ | — | $ | (2,311,840 | ) | ||||||
Put Options Written | — | (1,236,903 | ) | — | (1,236,903 | ) | ||||||||||
Total Liabilities | $ | — | $ | (3,548,743 | ) | $ | — | $ | (3,548,743 | ) |
75 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap 6 Month Buffer10 Feb/Aug ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 98.2% | ||||||||||||||||||
Options on ETF — 98.2% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | July 2024 | $ | 3.57 | 103 | $ | 36,771 | $ | 4,909,186 | ||||||||||
Total Options Purchased – Calls (Cost $4,909,582) | 36,771 | 4,909,186 | ||||||||||||||||
OPTION PURCHASED — PUTS(b) — 2.9% | ||||||||||||||||||
Options on ETF — 2.9% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | July 2024 | 482.83 | 103 | 4,973,149 | 142,655 | |||||||||||||
Total Options Purchased – Puts (Cost $143,052) | 4,973,149 | 142,655 | ||||||||||||||||
Total Investments – 101.1% (Cost $5,052,634) | 5,051,841 | |||||||||||||||||
Other assets less liabilities – (1.1)% | (53,427 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 4,998,414 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 103 | $ | 520.16 | July 2024 | $ | 61,712 | $ | 5,357,648 | $ | (62,109 | ) | |||||||||||
$ | 61,712 | $ | 5,357,648 | $ | (62,109 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 103 | $ | 434.59 | July 2024 | $ | 52,545 | $ | 4,476,277 | $ | (52,942 | ) | |||||||||||
$ | 52,545 | $ | 4,476,277 | $ | (52,942 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 114,257 | $ | 9,833,925 | $ | (115,051 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
The accompanying notes are an integral part of the financial statements.
76 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap 6 Month Buffer10 Feb/Aug ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap 6 Month Buffer10 Feb/Aug ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
77 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap 6 Month Buffer10 Feb/Aug ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap 6 Month Buffer10 Feb/Aug ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 4,909,186 | $ | — | $ | 4,909,186 | ||||||||
Option Purchased - Puts | — | 142,655 | — | 142,655 | ||||||||||||
Total Assets | $ | — | $ | 5,051,841 | $ | — | $ | 5,051,841 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (62,109 | ) | $ | — | $ | (62,109 | ) | ||||||
Put Options Written | — | (52,942 | ) | — | (52,942 | ) | ||||||||||
Total Liabilities | $ | — | $ | (115,051 | ) | $ | — | $ | (115,051 | ) |
78 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 104.8% | ||||||||||||||||||
Options on ETF — 104.8% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | March 2024 | $ | 3.16 | 908 | $ | 286,928 | $ | 43,487,470 | ||||||||||
Total Options Purchased – Calls (Cost $38,408,352) | 286,928 | 43,487,470 | ||||||||||||||||
OPTION PURCHASED — PUTS(b) — 0.2% | ||||||||||||||||||
Options on ETF — 0.2% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | March 2024 | 427.44 | 908 | 38,811,552 | 95,549 | |||||||||||||
Total Options Purchased – Puts (Cost $1,382,326) | 38,811,552 | 95,549 | ||||||||||||||||
Principal | ||||||||||||||||||
SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||||||
Time Deposits – 0.7% | ||||||||||||||||||
Sumitomo Corporation, Tokyo, 4.670%, 2/01/24(c) | $ | 278,578 | 278,578 | |||||||||||||||
Total Short-Term Investments (Cost $278,578) | 278,578 | |||||||||||||||||
Total Investments – 105.7% (Cost $40,069,256) | 43,861,597 | |||||||||||||||||
Other assets less liabilities – (5.7)% | (2,371,533 | ) | ||||||||||||||||
Net Assets – 100.0% | $ | 41,490,064 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 908 | $ | 465.22 | March 2024 | $ | 578,193 | $ | 42,241,976 | $ | (2,229,313 | ) | |||||||||||
$ | 578,193 | $ | 42,241,976 | $ | (2,229,313 | ) |
PUT OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 908 | $ | 384.73 | March 2024 | $ | 573,820 | $ | 34,933,484 | $ | (38,127 | ) | |||||||||||
$ | 573,820 | $ | 34,933,484 | $ | (38,127 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 1,152,013 | $ | 77,175,460 | $ | (2,267,440 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
(c) | Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2024. |
The accompanying notes are an integral part of the financial statements.
79 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets | |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) | |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
80 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 43,487,470 | $ | — | $ | 43,487,470 | ||||||||
Option Purchased - Puts | — | 95,549 | — | 95,549 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Time Deposits | 278,578 | — | — | 278,578 | ||||||||||||
Total Assets | $ | 278,578 | $ | 43,583,019 | $ | — | $ | 43,861,597 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (2,229,313 | ) | $ | — | $ | (2,229,313 | ) | ||||||
Put Options Written | — | (38,127 | ) | — | (38,127 | ) | ||||||||||
Total Liabilities | $ | — | $ | (2,267,440 | ) | $ | — | $ | (2,267,440 | ) |
81 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Floor5 Jan/Jul ETF
Schedule of Investments
January 31, 2024 (unaudited)
Expiration Date | Exercise Price | Contracts(a) | Notional Amount | Value | ||||||||||||||
OPTION PURCHASED – CALLS(b) – 98.2% | ||||||||||||||||||
Options on ETF – 98.2% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | June 2024 | $ | 3.67 | 103 | $ | 37,801 | $ | 4,907,332 | ||||||||||
Total Options Purchased – Calls (Cost $4,907,728) | 37,801 | 4,907,332 | ||||||||||||||||
OPTION PURCHASED – PUTS(b) – 1.4% | ||||||||||||||||||
Options on ETF – 1.4% | ||||||||||||||||||
SPDR S&P 500 ETF Trust | June 2024 | 458.74 | 103 | 4,725,022 | 70,967 | |||||||||||||
Total Options Purchased – Puts (Cost $71,364) | 4,725,022 | 70,967 | ||||||||||||||||
Total Investments – 99.6% (Cost $4,979,092) | 4,978,299 | |||||||||||||||||
Other assets less liabilities – 0.4% | 20,511 | |||||||||||||||||
Net Assets – 100.0% | $ | 4,998,810 |
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2024
CALL OPTIONS WRITTEN(b)
Description | Contracts(a) | Exercise Price | Expiration Date | Premiums Received | Notional Amount | Value | ||||||||||||||||
SPDR S&P 500 ETF Trust | 103 | $ | 519.87 | June 2024 | $ | 41,936 | $ | 5,354,661 | $ | (42,333 | ) | |||||||||||
$ | 41,936 | $ | 5,354,661 | $ | (42,333 | ) | ||||||||||||||||
TOTAL OPTIONS WRITTEN | $ | 41,936 | $ | 5,354,661 | $ | (42,333 | ) |
(a) | Each contract equals 100 shares. |
(b) | Non-income producing. |
The accompanying notes are an integral part of the financial statements.
82 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Floor5 Jan/Jul ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity 6 Month Floor5 Jan/Jul ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are determined in accordance with valuation procedures approved by the Board of Trustees (the “Board”) and the requirements of the Investment Company Act of 1940 (the “1940 Act”). As a general principle, the current ‘‘fair value’’ of a security would be the amount which the owner might reasonably expect to receive for the security upon its current sale. Valuing the Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.
Options purchased and held by the Fund generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the New York Stock Exchange (“NYSE”). The close of trading for some options exchanges may occur later than the closing of the NYSE. If market quotations are not available, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the Fund’s Schedule of Investments.
Fair value pricing is used by a Fund when reliable market valuations are not readily available or are not deemed to reflect current market values. Securities that may be valued using ‘‘fair value’’ pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by ‘‘significant events.’’ An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next net asset value calculation time that may materially affect the value of the Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair-value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from quoted or published prices for the same securities.
The Board has designated the Adviser to perform the Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The effect of using fair value pricing is that the Fund’s net asset value will be subject to the judgment of the Adviser. The Adviser’s fair valuation process is subject to the oversight of the Board.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
• | Level 1 — unadjusted quoted prices in active markets for identical assets | |
• | Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) | |
• | Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities) |
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
83 |
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Floor5 Jan/Jul ETF
Notes to Schedule of Investments
January 31, 2024 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2024:
AllianzIM U.S. Equity 6 Month Floor5 Jan/Jul ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Option Purchased - Calls | $ | — | $ | 4,907,332 | $ | — | $ | 4,907,332 | ||||||||
Option Purchased - Puts | — | 70,967 | — | 70,967 | ||||||||||||
Total Assets | $ | — | $ | 4,978,299 | $ | — | $ | 4,978,299 | ||||||||
Liabilities | ||||||||||||||||
Call Options Written | $ | — | $ | (42,333 | ) | $ | — | $ | (42,333 | ) | ||||||
Total Liabilities | $ | — | $ | (42,333 | ) | $ | — | $ | (42,333 | ) |
84 |