BUFFERED Exchange-Traded Funds

 

AllianzIM U.S. Large Cap Buffer10 Jan ETF | JANT | NYSE Arca

AllianzIM U.S. Large Cap Buffer20 Jan ETF | JANW | NYSE Arca

AllianzIM U.S. Large Cap Buffer10 Feb ETF | FEBT | NYSE Arca

AllianzIM U.S. Large Cap Buffer20 Feb ETF | FEBW | NYSE Arca

AllianzIM U.S. Large Cap Buffer10 Mar ETF | MART | NYSE Arca

AllianzIM U.S. Large Cap Buffer20 Mar ETF | MARW | NYSE Arca

AllianzIM U.S. Large Cap Buffer10 Apr ETF | APRT | NYSE Arca

AllianzIM U.S. Large Cap Buffer20 Apr ETF | APRW | NYSE Arca

AllianzIM U.S. Large Cap Buffer10 May ETF | MAYT | NYSE Arca

AllianzIM U.S. Large Cap Buffer20 May ETF | MAYW | NYSE Arca

AllianzIM U.S. Large Cap Buffer10 Jul ETF | JULT | NYSE Arca

AllianzIM U.S. Large Cap Buffer20 Jul ETF | JULW | NYSE Arca

AllianzIM U.S. Large Cap Buffer10 Oct ETF | OCTT | NYSE Arca

AllianzIM U.S. Large Cap Buffer20 Oct ETF | OCTW | NYSE Arca

AllianzIM U.S. Large Cap Buffer10 Nov ETF | NVBT | NYSE Arca

AllianzIM U.S. Large Cap Buffer20 Nov ETF | NVBW | NYSE Arca

AllianzIM U.S. Large Cap Buffer10 Dec ETF | DECT | NYSE Arca

AllianzIM U.S. Large Cap Buffer20 Dec ETF | DECW | NYSE Arca 

AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF | SIXJ | NYSE Arca

AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF | SIXO | NYSE Arca

 

Want to know more?

 

www.allianzIMetfs.com
1-877-429-3837

 

ETF-151 (R-4/2023)

 

 

TABLE OF CONTENTS

 

 

  Page
Letter from the President 1
Fund Performance Overview 3
Schedules of Investments and Written Options 13
Statements of Assets and Liabilities 35
Statements of Operations 40
Statements of Changes in Net Assets 45
Financial Highlights 60
Notes to Financial Statements 74
Disclosure of Fund Expenses 96
Other Information 98
Statement Regarding the Trust’s Liquidity Risk Management Program 99
Board Approval of the Investment Advisory Agreement 101

 

 

AIM ETF PRODUCTS TRUST

 

Letter from the President (unaudited)

 

Dear Shareholders,

 

Thank you for being an investor in the AllianzIM Buffered Exchange-Traded Funds (“ETFs”). As part of one of the largest asset management and diversified insurance companies in the world, Allianz Investment Management LLC (“AllianzIM”) maintains a long track record of developing and executing risk management strategies. The AllianzIM Buffered ETFs (the “Funds”) are risk mitigation solutions which seek to provide downside risk mitigation through a Buffer against the first 10% and 20% of market losses and offer upside potential by tracking market returns up to a stated Cap. The AllianzIM ETF platform offers 20 Buffered ETFs, including both 12-month and 6-month Outcome Period solutions with additional funds expected to launch in 2023. In early 2023, the ETF platform surpassed $1 billion in total assets under management as the ETF suite reflects the critical role these solutions can play in investors’ portfolios.

 

For the six month period that ended April 30, 2023, the S&P 500 Price Return Index(1) returned 7.68%. The path of the equity market has been heavily influenced by the perception of Federal Reserve (the “Fed”) policy and its direction over the past six months, and the uncertain outlook has been especially difficult for investors to navigate. The Fed finally began to slow rate hikes late last year, from a peak of 75 basis points(2) increase at each meeting, but opened the door for optionality as they adopted a data-dependent policy path. The challenge with a data-dependent Fed policy is simply just that, as backward looking data may not offer a timely view of what lies ahead. Investors are left with the interpretation of the data to decipher which direction Fed policy is headed next. As inflation and labor market data moved in a non-linear fashion over the last six months, market participants were left to interpret the subsequent effect on monetary policy and the outlook became less certain. Subtle shifts in economic data in either direction brought about some notable changes in market prices for both the bond and equity markets. Despite it being a bumpy and volatile road to get to where we are at today, the direction of travel for markets over the medium term was more noticeable with long-term interest rates moving slightly lower and equity prices moving higher. Looking forward, while there might be more clarity on the path of Fed policy, with a conditional pause in rate hikes, the lagging effects of previous policy decisions puts recession risks on the horizon and could lead to further volatility in markets.

 

The Allianz Life Insurance Company of North America (“Allianz Life”) Q1 2023 Quarterly Market Perceptions Study(3) highlighted investors’ sentiment. The study noted that most Americans are still very cautious about investing. More than half (63%) are keeping more money out of the market than they think they should and 62% would rather have their money sit in cash than endure market swings. Given the economic backdrop and investor sentiment, we believe investment solutions offer built-in risk mitigation with upside potential can be an important component of a diversified portfolio by seeking to keep investors in the market and eliminate challenges in trying to time the market. In addition, more Americans are expressing concerns about their long-term financial health and ability to afford the lifestyle they want in retirement. The larger the loss, the greater the return it takes to rebuild back to the original value. But with AllianzIM Buffered ETFs, investors may not have to overcome as much to break even and increase the probability of maintaining their lifestyle goal.

 

For more information regarding the Funds, please contact your investment professional or call 877-4AZ-ETFS. Furthermore, please visit our website at www.allianzIMetfs.com to learn more about the Funds.

 

Sincerely,

 

Brian J. Muench, CFA®

 

President 

AIM ETF Products Trust

 

Allianz Investment Management LLC is a registered investment adviser and a wholly owned subsidiary of Allianz Life Insurance Company of North America.

 

(1) The S&P 500 Price Return IndexSM is a large-cap, market-weighted, U.S. equities index that tracks the price (excluding dividends) of the leading companies that reflect the industries of the U.S. economy and is often considered a proxy for the stock market in general.
(2) A basis point equals 0.01 of 1%.
(3) Allianz Life 2023 Q1 Quarterly Market Perceptions Study, conducted online in March 2023 with a nationally representative sample of 1,005 respondents age 18+.

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AIM ETF PRODUCTS TRUST

 

Letter from the President (unaudited) (continued)

 

The views expressed above reflect the views of Allianz Investment Management LLC as of 5/2023. These views may change as the market or conditions change. This report is not intended to be used to provide financial advice and does not address or account for an individual’s circumstances. Past performance does not guarantee future results and no forecast should be considered a guarantee either.

 

Must be preceded or accompanied by a prospectus.

 

Investment involves risk, including possible loss of principal. There is no guarantee the funds will achieve their investment objectives and may not be suitable for all investors.

 

Investors may lose their entire investment, regardless of when they purchase shares, and even if they hold shares for an entire Outcome Period. Full extent of Caps and Buffers only apply if held for stated Outcome Period and are not guaranteed. The Cap may increase or decrease and may vary significantly. An investor who purchases Fund Shares after the Outcome Period has begun or sells Fund Shares prior to the end of the Outcome Period may experience results that are very different from the investment objective sought by the Fund for that Outcome Period. There is no guarantee that the Cap will remain the same after the end of the Outcome Period.

 

The Buffered Outcome ETFs’ investment strategies are different from more typical investment products, and the Funds may be unsuitable for some investors. It is important that investors understand the investment strategy before making an investment. For more information regarding whether an investment in the Funds is right for you, please see the prospectus including “Investor Considerations.”

 

Distributed by Foreside Fund Services, LLC.

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AIM ETF PRODUCTS TRUST

 

ALLIANZIM U.S. LARGE CAP BUFFER10 JAN ETF

 

Fund Performance Overview (unaudited)

 

The following graph depicts the hypothetical $10,000 investment in the AllianzIM U.S. Large Cap Buffer10 Jan ETF (‘‘JANT’’) at net asset value and market price as compared to the S&P 500 Price Return IndexSM(1) from the Fund’s inception date (December 31, 2020*) to April 30, 2023.

 

AllianzIM U.S. Large Cap Buffer10 Jan ETF Growth of a Hypothetical $10,000 Investment at April 30, 2023

 

AllianzIM U.S. Large Cap Buffer10 Jan ETF (NAV) ($10,915) 

AllianzIM U.S. Large Cap Buffer10 Jan ETF (Market) ($10,894) 

S&P 500 Price Return IndexSM ($11,101)

 

 

Average Annual Return as of April 30, 2023

 

 
 
 
One Year
  Since Inception
(December 31, 2020)*
AllianzIM U.S. Large Cap Buffer10 Jan ETF (NAV) 5.65%   3.83%
AllianzIM U.S. Large Cap Buffer10 Jan ETF (Market Price) 5.80%   3.75%
S&P 500 Price Return IndexSM 0.91%   4.59%

 

(1) The S&P 500 Price Return IndexSM is a large-cap, market-weighted, U.S. equities index that tracks the price (excluding dividends) of the leading companies that reflect the industries of the U.S. economy and is often considered a proxy for the stock market in general.

 

* The inception date, December 31, 2020, is the date the Fund started accruing expenses and commenced operations. Shares of JANT were listed on the NYSE Arca, Inc. on January 4, 2021.

 

The performance shown represents past performance. Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares when sold may be worth more or less than the original cost. The Fund’s most recent month-end performance can be obtained and is available upon request and without charge on the Fund’s website at www.allianzIMetfs.com, or by calling 877-429-3837 (877-4AZ-ETFS).

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund.

 

One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.74%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

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AIM ETF PRODUCTS TRUST

 

ALLIANZIM U.S. LARGE CAP BUFFER20 JAN ETF

 

Fund Performance Overview (unaudited)

 

The following graph depicts the hypothetical $10,000 investment in the AllianzIM U.S. Large Cap Buffer20 Jan ETF (‘‘JANW’’) at net asset value and market price as compared to the S&P 500 Price Return IndexSM(1) from the Fund’s inception date (December 31, 2020*) to April 30, 2023.

 

AllianzIM U.S. Large Cap Buffer20 Jan ETF Growth of a Hypothetical $10,000 Investment at April 30, 2023

 

AllianzIM U.S. Large Cap Buffer20 Jan ETF (NAV) ($11,161) 

AllianzIM U.S. Large Cap Buffer20 Jan ETF (Market) ($11,138) 

S&P 500 Price Return IndexSM ($11,101)

 

 

Average Annual Return as of April 30, 2023

 

  One Year  

Since Inception

(December 31, 2020)*

AllianzIM U.S. Large Cap Buffer20 Jan ETF (NAV) 10.70%   4.83%
AllianzIM U.S. Large Cap Buffer20 Jan ETF (Market Price) 10.41%   4.74%
S&P 500 Price Return IndexSM 0.91%   4.59%

 

(1) The S&P 500 Price Return IndexSM is a large-cap, market-weighted, U.S. equities index that tracks the price (excluding dividends) of the leading companies that reflect the industries of the U.S. economy and is often considered a proxy for the stock market in general.

 

* The inception date, December 31, 2020, is the date the Fund started accruing expenses and commenced operations. Shares of JANW were listed on the NYSE Arca, Inc. on January 4, 2021.

 

The performance shown represents past performance. Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares when sold may be worth more or less than the original cost. The Fund’s most recent month-end performance can be obtained and is available upon request and without charge on the Fund’s website at www.allianzIMetfs.com, or by calling 877-429-3837 (877-4AZ-ETFS).

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund.

 

One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.74%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

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AIM ETF PRODUCTS TRUST

 

ALLIANZIM U.S. LARGE CAP BUFFER10 APR ETF

 

Fund Performance Overview (unaudited)

 

The following graph depicts the hypothetical $10,000 investment in the AllianzIM U.S. Large Cap Buffer10 Apr ETF (‘‘APRT’’) at net asset value and market price as compared to the S&P 500 Price Return IndexSM(1) from the Fund’s inception date (May 28, 2020*) to April 30, 2023.

 

AllianzIM U.S. Large Cap Buffer10 Apr ETF Growth of a Hypothetical $10,000 Investment at April 30, 2023

 

AllianzIM U.S. Large Cap Buffer10 Apr ETF (NAV) ($12,528) 

AllianzIM U.S. Large Cap Buffer10 Apr ETF (Market) ($12,510) 

S&P 500 Price Return IndexSM ($13,762)

 

 

Average Annual Return as of April 30, 2023

 

  One Year  

Since Inception

(May 28, 2020)*

AllianzIM U.S. Large Cap Buffer10 Apr ETF (NAV) 7.03%   8.01%
AllianzIM U.S. Large Cap Buffer10 Apr ETF (Market Price) 7.11%   7.98%
S&P 500 Price Return IndexSM 0.91%   11.54%

 

(1) The S&P 500 Price Return IndexSM is a large-cap, market-weighted, U.S. equities index that tracks the price (excluding dividends) of the leading companies that reflect the industries of the U.S. economy and is often considered a proxy for the stock market in general.

 

* The inception date, May 28, 2020, is the date the Fund started accruing expenses and commenced operations. Shares of APRT were listed on the NYSE Arca, Inc. on June 1, 2020.

 

The performance shown represents past performance. Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares when sold may be worth more or less than the original cost. The Fund’s most recent month-end performance can be obtained and is available upon request and without charge on the Fund’s website at www.allianzIMetfs.com, or by calling 877-429-3837 (877-4AZ-ETFS).

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund.

 

One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.74%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

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AIM ETF PRODUCTS TRUST

 

ALLIANZIM U.S. LARGE CAP BUFFER20 APR ETF

 

Fund Performance Overview (unaudited)

 

The following graph depicts the hypothetical $10,000 investment in the AllianzIM U.S. Large Cap Buffer20 Apr ETF (‘‘APRW’’) at net asset value and market price as compared to the S&P 500 Price Return IndexSM(1) from the Fund’s inception date (May 28, 2020*) to April 30, 2023.

 

AllianzIM U.S. Large Cap Buffer20 Apr ETF Growth of a Hypothetical $10,000 Investment at April 30, 2023

 

AllianzIM U.S. Large Cap Buffer20 Apr ETF (NAV) ($11,213) 

AllianzIM U.S. Large Cap Buffer20 Apr ETF (Market) ($11,196) 

S&P 500 Price Return IndexSM ($13,762)

 

 

Average Annual Return as of April 30, 2023

 

  One Year  

Since Inception

(May 28, 2020)*

AllianzIM U.S. Large Cap Buffer20 Apr ETF (NAV) 4.51%   3.99%
AllianzIM U.S. Large Cap Buffer20 Apr ETF (Market Price) 4.18%   3.95%
S&P 500 Price Return IndexSM 0.91%   11.54%

 

(1) The S&P 500 Price Return IndexSM is a large-cap, market-weighted, U.S. equities index that tracks the price (excluding dividends) of the leading companies that reflect the industries of the U.S. economy and is often considered a proxy for the stock market in general.

 

* The inception date, May 28, 2020, is the date the Fund started accruing expenses and commenced operations. Shares of APRW were listed on the NYSE Arca, Inc. on June 1, 2020.

 

The performance shown represents past performance. Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares when sold may be worth more or less than the original cost. The Fund’s most recent month-end performance can be obtained and is available upon request and without charge on the Fund’s website at www.allianzIMetfs.com, or by calling 877-429-3837 (877-4AZ-ETFS).

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund.

 

One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.74%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

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AIM ETF PRODUCTS TRUST

 

ALLIANZIM U.S. LARGE CAP BUFFER10 JUL ETF

 

Fund Performance Overview (unaudited)

 

The following graphs depict the hypothetical $10,000 investment in the AllianzIM U.S. Large Cap Buffer10 Jul ETF (‘‘JULT’’) at net asset value and market price as compared to the S&P 500 Price Return IndexSM(1) from the Fund’s inception date (June 30, 2020*) to April 30, 2023.

 

AllianzIM U.S. Large Cap Buffer10 Jul ETF Growth of a Hypothetical $10,000 Investment at April 30, 2023

 

AllianzIM U.S. Large Cap Buffer10 Jul ETF (NAV) ($12,315) 

AllianzIM U.S. Large Cap Buffer10 Jul ETF (Market) ($12,301) 

S&P 500 Price Return IndexSM ($13,449)

 

 

Average Annual Return as of April 30, 2023

 

  One Year   Since Inception
(June 30, 2020)*
AllianzIM U.S. Large Cap Buffer10 Jul ETF (NAV) 7.56%   7.63%
AllianzIM U.S. Large Cap Buffer10 Jul ETF (Market Price) 7.83%   7.58%
S&P 500 Price Return IndexSM 0.91%   11.03%

 

(1) The S&P 500 Price Return IndexSM is a large-cap, market-weighted, U.S. equities index that tracks the price (excluding dividends) of the leading companies that reflect the industries of the U.S. economy and is often considered a proxy for the stock market in general.

 

* The inception date, June 30, 2020, is the date the Fund started accruing expenses and commenced operations. Shares of JULT were listed on the NYSE Arca, Inc. on July 1, 2020.

 

The performance shown represents past performance. Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares when sold may be worth more or less than the original cost. The Fund’s most recent month-end performance can be obtained and is available upon request and without charge on the Fund’s website at www.allianzIMetfs.com, or by calling 877-429-3837 (877-4AZ-ETFS).

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund.

 

One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.74%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

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AIM ETF PRODUCTS TRUST

 

ALLIANZIM U.S. LARGE CAP BUFFER20 JUL ETF

 

Fund Performance Overview (unaudited)

 

The following graph depicts the hypothetical $10,000 investment in the AllianzIM U.S. Large Cap Buffer20 Jul ETF (‘‘JULW’’) at net asset value and market price as compared to the S&P 500 Price Return IndexSM(1) from the Fund’s inception date (June 30, 2020*) to April 30, 2023.

 

AllianzIM U.S. Large Cap Buffer20 Jul ETF Growth of a Hypothetical $10,000 Investment at April 30, 2023

 

AllianzIM U.S. Large Cap Buffer20 Jul ETF (NAV) ($11,683) 

AllianzIM U.S. Large Cap Buffer20 Jul ETF (Market) ($11,653) 

S&P 500 Price Return IndexSM ($13,449)

 

 

Average Annual Return as of April 30, 2023

 

  One Year   Since Inception
(June 30, 2020)*
AllianzIM U.S. Large Cap Buffer20 Jul ETF (NAV) 7.83%   5.65%
AllianzIM U.S. Large Cap Buffer20 Jul ETF (Market Price) 7.61%   5.55%
S&P 500 Price Return IndexSM 0.91%   11.03%

 

(1) The S&P 500 Price Return IndexSM is a large-cap, market-weighted, U.S. equities index that tracks the price (excluding dividends) of the leading companies that reflect the industries of the U.S. economy and is often considered a proxy for the stock market in general.

 

* The inception date, June 30, 2020, is the date the Fund started accruing expenses and commenced operations. Shares of JULW were listed on the NYSE Arca, Inc. on July 1, 2020.

 

The performance shown represents past performance. Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares when sold may be worth more or less than the original cost. The Fund’s most recent month-end performance can be obtained and is available upon request and without charge on the Fund’s website at www.allianzIMetfs.com, or by calling 877-429-3837 (877-4AZ-ETFS).

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund.

 

One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.74%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

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AIM ETF PRODUCTS TRUST

 

ALLIANZIM U.S. LARGE CAP BUFFER10 OCT ETF

 

Fund Performance Overview (unaudited)

 

The following graph depicts the hypothetical $10,000 investment in the AllianzIM U.S. Large Cap Buffer10 Oct ETF (‘‘OCTT’’) at net asset value and market price as compared to the S&P 500 Price Return IndexSM(1) from the Fund’s inception date (September 30, 2020*) to April 30, 2023.

 

AllianzIM U.S. Large Cap Buffer10 Oct ETF Growth of a Hypothetical $10,000 Investment at April 30, 2023

 

AllianzIM U.S. Large Cap Buffer10 Oct ETF (NAV) ($12,217) 

AllianzIM U.S. Large Cap Buffer10 Oct ETF (Market) ($12,210) 

S&P 500 Price Return IndexSM ($12,398)

 

 

Average Annual Return as of April 30, 2023

 

 
 
 
One Year
  Since Inception
(September 30, 2020)*
AllianzIM U.S. Large Cap Buffer10 Oct ETF (NAV) 7.65%   8.07%
AllianzIM U.S. Large Cap Buffer10 Oct ETF (Market Price) 7.90%   8.04%
S&P 500 Price Return IndexSM 0.91%   8.69%

 

(1) The S&P 500 Price Return IndexSM is a large-cap, market-weighted, U.S. equities index that tracks the price (excluding dividends) of the leading companies that reflect the industries of the U.S. economy and is often considered a proxy for the stock market in general.

 

* The inception date, September 30, 2020, is the date the Fund started accruing expenses and commenced operations. Shares of OCTT were listed on the NYSE Arca, Inc. on October 1, 2020.

 

The performance shown represents past performance. Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares when sold may be worth more or less than the original cost. The Fund’s most recent month-end performance can be obtained and is available upon request and without charge on the Fund’s website at www.allianzIMetfs.com, or by calling 877-429-3837 (877-4AZ-ETFS).

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund.

 

One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.74%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

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AIM ETF PRODUCTS TRUST

 

ALLIANZIM U.S. LARGE CAP BUFFER20 OCT ETF

 

Fund Performance Overview (unaudited)

 

The following graph depicts the hypothetical $10,000 investment in the AllianzIM U.S. Large Cap Buffer20 Oct ETF (‘‘OCTW’’) at net asset value and market price as compared to the S&P 500 Price Return IndexSM(1) from the Fund’s inception date (September 30, 2020*) to April 30, 2023.

 

AllianzIM U.S. Large Cap Buffer20 Oct ETF Growth of a Hypothetical $10,000 Investment at April 30, 2023

 

AllianzIM U.S. Large Cap Buffer20 Oct ETF (NAV) ($11,798) 

AllianzIM U.S. Large Cap Buffer20 Oct ETF (Market) ($11,784) 

S&P 500 Price Return IndexSM ($12,398)

 

 

Average Annual Return as of April 30, 2023

 

 
 
 
One Year
  Since Inception
(September 30, 2020)*
AllianzIM U.S. Large Cap Buffer20 Oct ETF (NAV) 10.22%   6.62%
AllianzIM U.S. Large Cap Buffer20 Oct ETF (Market Price) 10.46%   6.57%
S&P 500 Price Return IndexSM 0.91%   8.69%

 

(1) The S&P 500 Price Return IndexSM is a large-cap, market-weighted, U.S. equities index that tracks the price (excluding dividends) of the leading companies that reflect the industries of the U.S. economy and is often considered a proxy for the stock market in general.

 

* The inception date, September 30, 2020, is the date the Fund started accruing expenses and commenced operations. Shares of OCTW were listed on the NYSE Arca, Inc. on October 1, 2020.

 

The performance shown represents past performance. Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares when sold may be worth more or less than the original cost. The Fund’s most recent month-end performance can be obtained and is available upon request and without charge on the Fund’s website at www.allianzIMetfs.com, or by calling 877-429-3837 (877-4AZ-ETFS).

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund.

 

One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund share.

 

As stated in the current prospectus, the expense ratio is 0.74%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

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AIM ETF PRODUCTS TRUST

 

ALLIANZIM U.S. LARGE CAP 6 MONTH BUFFER10 JAN/JUL ETF

 

Fund Performance Overview (unaudited)

 

The following graph depicts the hypothetical $10,000 investment in the AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (‘‘SIXJ’’) at net asset value and market price as compared to the S&P 500 Price Return IndexSM(1) from the Fund’s inception date (December 31, 2021*) to April 30, 2023.

 

AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF Growth of a Hypothetical $10,000 Investment at April 30, 2023

 

AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (NAV) ($9,625) 

AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (Market) ($9,608) 

S&P 500 Price Return IndexSM ($8,748)

 

 

Average Annual Return as of April 30, 2023

 

  One Year  

Since Inception

(December 31, 2021)*

AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (NAV) 1.84%   (2.83)%
AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (Market Price) 1.91%   (2.97)%
S&P 500 Price Return IndexSM 0.91%   (9.58)%

 

(1) The S&P 500 Price Return IndexSM is a large-cap, market-weighted, U.S. equities index that tracks the price (excluding dividends) of the leading companies that reflect the industries of the U.S. economy and is often considered a proxy for the stock market in general.

 

* The inception date, December 31, 2021, is the date the Fund started accruing expenses and commenced operations. Shares of SIXJ were listed on the NYSE Arca, Inc. on January 4, 2022.

 

The performance shown represents past performance. Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares when sold may be worth more or less than the original cost. The Fund’s most recent month-end performance can be obtained and is available upon request and without charge on the Fund’s website at www.allianzIMetfs.com, or by calling 877-429-3837 (877-4AZ-ETFS).

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund.

 

One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.74%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

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AIM ETF PRODUCTS TRUST

 

ALLIANZIM U.S. LARGE CAP 6 MONTH BUFFER10 APR/OCT ETF

 

Fund Performance Overview (unaudited)

 

The following graph depicts the hypothetical $10,000 investment in the AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (‘‘SIXO’’) at net asset value and market price as compared to the S&P 500 Price Return IndexSM(1) from the Fund’s inception date (September 30, 2021*) to April 30, 2023.

 

AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF Growth of a Hypothetical $10,000 Investment at April 30, 2023

 

AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (NAV) ($10,611) 

AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (Market) ($10,608) 

S&P 500 Price Return IndexSM ($9,679)

 

 

Average Annual Return as of April 30, 2023

 

  One Year  

Since Inception

(September 30, 2021)*

AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (NAV) 6.20%   3.82%
AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (Market Price) 6.39%   3.80%
S&P 500 Price Return IndexSM 0.91%   (2.04)%

 

(1) The S&P 500 Price Return IndexSM is a large-cap, market-weighted, U.S. equities index that tracks the price (excluding dividends) of the leading companies that reflect the industries of the U.S. economy and is often considered a proxy for the stock market in general.

 

* The inception date, September 30, 2021, is the date the Fund started accruing expenses and commenced operations. Shares of SIXO were listed on the NYSE Arca, Inc. on October 1, 2021.

 

The performance shown represents past performance. Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares when sold may be worth more or less than the original cost. The Fund’s most recent month-end performance can be obtained and is available upon request and without charge on the Fund’s website at www.allianzIMetfs.com, or by calling 877-429-3837 (877-4AZ-ETFS).

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund.

 

One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.74%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap Buffer10 Jan ETF

Schedule of Investments

April 30, 2023 (unaudited)

 

    Expiration Date   Exercise Price    

Contracts(a)

    Notional Amount     Value  
OPTION PURCHASED – CALLS(b) – 99.2%                                    
Options on ETF – 99.2%                                    
SPDR S&P 500 ETF Trust   December 2023   $ 2.83       1,904     $ 538,832     $ 77,804,733  
Total Options Purchased – Calls
(Cost $72,238,994)
                        538,832       77,804,733  
OPTION PURCHASED – PUTS(b) – 2.9%                                    
Options on ETF – 2.9%                                    
SPDR S&P 500 ETF Trust   December 2023     382.39       1,904       72,807,056       2,274,385  
Total Options Purchased – Puts
(Cost $3,889,764)
                        72,807,056       2,274,385  
                         

Principal

         
SHORT-TERM INVESTMENTS – 0.7%                                    
Time Deposits – 0.7%                                    
Banco Bilbao Vizcaya Argentaria SA,
Madrid, 4.180%, 5/01/23(c)
                      $ 541,971       541,971  
Total Short-Term Investments
(Cost $541,971)
                                541,971  
Total Investments – 102.8%
(Cost $76,670,729)
                                80,621,089  
Other assets less liabilities – (2.8)%                                 (2,170,644)
Net Assets – 100.0%                               $ 78,450,445  

 

SCHEDULE OF WRITTEN OPTIONS AS OF APRIL 30, 2023

CALL OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

    Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust     1,904     $ 471.92     December 2023   $ 1,840,641     $ 89,853,568     $ (763,180)
                        $ 1,840,641     $ 89,853,568     $ (763,180)

 

PUT OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

    Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust     1,904     $ 344.19     December 2023   $ 2,005,431     $ 65,533,776     $ (1,224,672)
                        $ 2,005,431     $ 65,533,776     $ (1,224,672)
TOTAL OPTIONS WRITTEN                       $ 3,846,072     $ 155,387,344     $ (1,987,852)

 

 

(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 April 30, 2023.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap Buffer20 Jan ETF

Schedule of Investments

April 30, 2023 (unaudited)

 

    Expiration Date   Exercise Price    

Contracts(a)

    Notional Amount     Value  
OPTION PURCHASED – CALLS(b) – 100.9%                                    
Options on ETF – 100.9%                                    
SPDR S&P 500 ETF Trust   December 2023   $ 2.87       2,482     $ 712,334     $ 101,414,521  
Total Options Purchased – Calls
(Cost $93,055,866)
                        712,334       101,414,521  
OPTION PURCHASED – PUTS(b) – 3.0%                                    
Options on ETF – 3.0%                                    
SPDR S&P 500 ETF Trust   December 2023     382.47       2,482       94,929,054       2,968,596  
Total Options Purchased – Puts
(Cost $6,736,014)
                        94,929,054       2,968,596  
                         

Principal

         
SHORT-TERM INVESTMENTS – 0.7%                                    
Time Deposits – 0.7%                                    
Banco Bilbao Vizcaya Argentaria SA,
Madrid, 4.180%, 5/01/23(c)
                      $ 731,144       731,144  
Total Short-Term Investments
(Cost $731,144)
                                731,144  
Total Investments – 104.6%
(Cost $100,523,024)
                                105,114,261  
Other assets less liabilities – (4.6)%                                 (4,667,489)
Net Assets – 100.0%                               $ 100,446,772  

 

SCHEDULE OF WRITTEN OPTIONS AS OF APRIL 30, 2023

CALL OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

    Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust     2,482     $ 441.71     December 2023   $ 3,360,373     $ 109,632,422     $ (3,562,241)
                        $ 3,360,373     $ 109,632,422     $ (3,562,241)

 

PUT OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

    Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust     2,482     $ 305.94     December 2023   $ 2,203,898     $ 75,934,308     $ (874,036)
                        $ 2,203,898     $ 75,934,308     $ (874,036)
TOTAL OPTIONS WRITTEN                       $ 5,564,271     $ 185,566,730     $ (4,436,277)

 

 

(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 April 30, 2023.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap Buffer10 Feb ETF

Schedule of Investments

April 30, 2023 (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 2024   $ 3.01       769     $ 231,469     $ 31,409,836  
Total Options Purchased – Calls
(Cost $30,918,924)
                        231,469       31,409,836  
OPTION PURCHASED – PUTS(b) – 4.4%                                    
Options on ETF – 4.4%                                    
SPDR S&P 500 ETF Trust   January 2024     406.44       769       31,255,236       1,416,360  
Total Options Purchased – Puts
(Cost $1,723,776)
                        31,255,236       1,416,360  
                         

Principal

         
SHORT-TERM INVESTMENTS – 0.7%                                    
Time Deposits – 0.7%                                    
Sumitomo Corporation,
Tokyo, 4.180%, 5/01/23(c)
                      $ 217,914       217,914  
Total Short-Term Investments
(Cost $217,914)
                                217,914  
Total Investments – 103.3%
(Cost $32,860,614)
                                33,044,110  
Other assets less liabilities – (3.3)%                                 (1,041,842)
Net Assets – 100.0%                               $ 32,002,268  

 

SCHEDULE OF WRITTEN OPTIONS AS OF APRIL 30, 2023

CALL OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

    Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust     769     $ 486.88     January 2024   $ 412,678     $ 37,441,072     $ (213,720)
                        $ 412,678     $ 37,441,072     $ (213,720)

 

PUT OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

    Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust     769     $ 365.83     January 2024   $ 1,004,504     $ 28,132,327     $ (774,545)
                        $ 1,004,504     $ 28,132,327     $ (774,545)
TOTAL OPTIONS WRITTEN                       $ 1,417,182     $ 65,573,399     $ (988,265)

 

 

(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 April 30, 2023.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap Buffer20 Feb ETF

Schedule of Investments

April 30, 2023 (unaudited)

 

    Expiration Date   Exercise Price    

Contracts(a)

    Notional Amount     Value  
OPTION PURCHASED – CALLS(b) – 98.4%                                    
Options on ETF – 98.4%                                    
SPDR S&P 500 ETF Trust   January 2024   $ 3.05       1,337     $ 407,785     $ 54,604,697  
Total Options Purchased – Calls
(Cost $53,408,818)
                        407,785       54,604,697  
OPTION PURCHASED – PUTS(b) – 4.4%                                    
Options on ETF – 4.4%                                    
SPDR S&P 500 ETF Trust   January 2024     406.52       1,337       54,351,724       2,465,375  
Total Options Purchased – Puts
(Cost $3,178,558)
                        54,351,724       2,465,375  
                         

Principal

         
SHORT-TERM INVESTMENTS – 0.8%                                    
Time Deposits – 0.8%                                    
ANZ Bank Ltd.,
London, 4.180%, 5/01/23(c)
                      $ 416,954       416,954  
Total Short-Term Investments
(Cost $416,954)
                                416,954  
Total Investments – 103.6%
(Cost $57,004,330)
                                57,487,026  
Other assets less liabilities – (3.6)%                                 (1,996,571)
Net Assets – 100.0%                               $ 55,490,455  

 

SCHEDULE OF WRITTEN OPTIONS AS OF APRIL 30, 2023

CALL OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

    Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust     1,337     $ 460.34     January 2024   $ 1,531,225     $ 61,547,458     $ (1,195,799)
                        $ 1,531,225     $ 61,547,458     $ (1,195,799)

 

PUT OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

    Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust     1,337     $ 325.18     January 2024   $ 970,728     $ 43,476,566     $ (718,076)
                        $ 970,728     $ 43,476,566     $ (718,076)
TOTAL OPTIONS WRITTEN                       $ 2,501,953     $ 105,024,024     $ (1,913,875)

 

 

(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 April 30, 2023.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap Buffer10 Mar ETF

Schedule of Investments

April 30, 2023 (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   February 2024   $ 2.93       205     $ 60,065     $ 8,380,410  
Total Options Purchased – Calls
(Cost $7,953,909)
                        60,065       8,380,410  
OPTION PURCHASED – PUTS(b) – 4.1%                                    
Options on ETF – 4.1%                                    
SPDR S&P 500 ETF Trust   February 2024     396.22       205       8,122,510       345,329  
Total Options Purchased – Puts
(Cost $491,704)
                        8,122,510       345,329  
Total Investments – 103.1%
(Cost $8,445,613)
                                8,725,739  
Other assets less liabilities – (3.1)%                                 (264,343)
Net Assets – 100.0%                               $ 8,461,396  

 

SCHEDULE OF WRITTEN OPTIONS AS OF APRIL 30, 2023

CALL OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

    Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust     205     $ 477.02     February 2024   $ 96,999     $ 9,778,910     $ (117,246)
                        $ 96,999     $ 9,778,910     $ (117,246)

 

PUT OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

    Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust     205     $ 356.63     February 2024   $ 276,864     $ 7,310,915     $ (195,756)
                        $ 276,864     $ 7,310,915     $ (195,756)
TOTAL OPTIONS WRITTEN                       $ 373,863     $ 17,089,825     $ (313,002)

 

 

(a) Each contract equals 100 shares.
(b) Non-income producing.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap Buffer20 Mar ETF

Schedule of Investments

April 30, 2023 (unaudited)

 

    Expiration Date   Exercise Price    

Contracts(a)

    Notional Amount     Value  
OPTION PURCHASED – CALLS(b) – 100.1%                                    
Options on ETF – 100.1%                                    
SPDR S&P 500 ETF Trust   February 2024   $ 2.97       694     $ 206,118     $ 28,368,103  
Total Options Purchased – Calls
(Cost $26,918,426)
                        206,118       28,368,103  
OPTION PURCHASED – PUTS(b) – 4.1%                                    
Options on ETF – 4.1%                                    
SPDR S&P 500 ETF Trust   February 2024     396.30       694       27,503,220       1,170,362  
Total Options Purchased – Puts
(Cost $1,709,922)
                        27,503,220       1,170,362  
                         

Principal

         
SHORT-TERM INVESTMENTS – 0.7%                                    
Time Deposits – 0.7%                                    
Banco Bilbao Vizcaya Argentaria SA,
Madrid, 4.180%, 5/01/23(c)
                      $ 196,358       196,358  
Total Short-Term Investments
(Cost $196,358)
                                196,358  
Total Investments – 104.9%
(Cost $28,824,706)
                                29,734,823  
Other assets less liabilities – (4.9)%                                 (1,391,139)
Net Assets – 100.0%                               $ 28,343,684  

 

SCHEDULE OF WRITTEN OPTIONS AS OF APRIL 30, 2023

CALL OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

    Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust     694     $ 451.82     February 2024   $ 751,091     $ 31,356,308     $ (994,932)
                        $ 751,091     $ 31,356,308     $ (994,932)

 

PUT OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

    Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust     694     $ 317.01     February 2024   $ 524,572     $ 22,000,494     $ (367,452)
                        $ 524,572     $ 22,000,494     $ (367,452)
TOTAL OPTIONS WRITTEN                       $ 1,275,663     $ 53,356,802     $ (1,362,384)

 

 

(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 April 30, 2023.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap Buffer10 Apr ETF

Schedule of Investments

April 30, 2023 (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   March 2024   $ 3.03       955     $ 289,365     $ 38,903,768  
Total Options Purchased – Calls
(Cost $38,231,852)
                        289,365       38,903,768  
OPTION PURCHASED – PUTS(b) – 5.2%                                    
Options on ETF – 5.2%                                    
SPDR S&P 500 ETF Trust   March 2024     409.35       955       39,092,925       2,071,156  
Total Options Purchased – Puts
(Cost $2,424,266)
                        39,092,925       2,071,156  
                         

Principal

         
SHORT-TERM INVESTMENTS – 0.8%                                    
Time Deposits – 0.8%                                    
China Construction Bank Corp.,
New York, 4.180%, 5/01/23(c)
                      $ 313,260       313,260  
Total Short-Term Investments
(Cost $313,260)
                                313,260  
Total Investments – 104.2%
(Cost $40,969,378)
                                41,288,184  
Other assets less liabilities – (4.2)%                                 (1,650,484)
Net Assets – 100.0%                               $ 39,637,700  

 

SCHEDULE OF WRITTEN OPTIONS AS OF APRIL 30, 2023

CALL OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

    Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust     955     $ 486.60     March 2024   $ 440,959     $ 46,470,300     $ (439,157)
                        $ 440,959     $ 46,470,300     $ (439,157)

 

PUT OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

    Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust     955     $ 368.45     March 2024   $ 1,407,068     $ 35,186,975     $ (1,192,088)
                        $ 1,407,068     $ 35,186,975     $ (1,192,088)
TOTAL OPTIONS WRITTEN                       $ 1,848,027     $ 81,657,275     $ (1,631,245)

 

 

(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 April 30, 2023.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap Buffer20 Apr ETF

Schedule of Investments

April 30, 2023 (unaudited)

 

    Expiration Date   Exercise Price    

Contracts(a)

    Notional Amount     Value  
OPTION PURCHASED – CALLS(b) – 98.5%                                    
Options on ETF – 98.5%                                    
SPDR S&P 500 ETF Trust   March 2024   $ 3.07       3,796     $ 1,165,372     $ 154,622,924  
Total Options Purchased – Calls
(Cost $152,172,303)
                        1,165,372       154,622,924  
OPTION PURCHASED – PUTS(b) – 5.3%                                    
Options on ETF – 5.3%                                    
SPDR S&P 500 ETF Trust   March 2024     409.43       3,796       155,419,628       8,290,464  
Total Options Purchased – Puts
(Cost $9,541,459)
                        155,419,628       8,290,464  
                         

Principal

         
SHORT-TERM INVESTMENTS – 0.7%                                    
Time Deposits – 0.7%                                    
Banco Bilbao Vizcaya Argentaria SA,
Madrid, 4.180%, 5/01/23(c)
                      $ 1,162,875       1,162,875  
Total Short-Term Investments
(Cost $1,162,875)
                                1,162,875  
Total Investments – 104.5%
(Cost $162,876,637)
                                164,076,263  
Other assets less liabilities – (4.5)%                                 (7,076,765)
Net Assets – 100.0%                               $ 156,999,498  

 

SCHEDULE OF WRITTEN OPTIONS AS OF APRIL 30, 2023

CALL OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

    Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust     3,796     $ 461.38     March 2024   $ 4,278,064     $ 175,139,848     $ (4,404,916)
                        $ 4,278,064     $ 175,139,848     $ (4,404,916)

 

PUT OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

    Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust     3,796     $ 327.51     March 2024   $ 3,052,813     $ 124,322,796     $ (2,596,464)
                        $ 3,052,813     $ 124,322,796     $ (2,596,464)
TOTAL OPTIONS WRITTEN                       $ 7,330,877     $ 299,462,644     $ (7,001,380)

 

 

(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 April 30, 2023.

 

The accompanying notes are an integral part of the financial statements.

20 

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap Buffer10 May ETF

Schedule of Investments

April 30, 2023 (unaudited)

 

    Expiration Date   Exercise Price    

Contracts(a)

    Notional Amount     Value  
OPTION PURCHASED – CALLS(b) – 97.7%                                    
Options on ETF – 97.7%                                    
SPDR S&P 500 ETF Trust   April 2024   $ 3.08       120     $ 36,960     $ 4,881,480  
Total Options Purchased – Calls
(Cost $4,881,942)
                        36,960       4,881,480  
OPTION PURCHASED – PUTS(b) – 5.9%                                    
Options on ETF – 5.9%                                    
SPDR S&P 500 ETF Trust   April 2024     415.89       120       4,990,680       294,600  
Total Options Purchased – Puts
(Cost $295,062)
                        4,990,680       294,600  
Total Investments – 103.6%
(Cost $5,177,004)
                                5,176,080  
Other assets less liabilities – (3.6)%                                 (177,928)
Net Assets – 100.0%                               $ 4,998,152  

 

SCHEDULE OF WRITTEN OPTIONS AS OF APRIL 30, 2023

CALL OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

    Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust     120     $ 496.66     April 2024   $ 48,138     $ 5,959,920     $ (48,600)
                        $ 48,138     $ 5,959,920     $ (48,600)

 

PUT OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

    Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust     120     $ 374.34     April 2024   $ 172,818     $ 4,492,080     $ (173,280)
                        $ 172,818     $ 4,492,080     $ (173,280)
TOTAL OPTIONS WRITTEN                       $ 220,956     $ 10,452,000     $ (221,880)

 

 

(a) Each contract equals 100 shares.
(b) Non-income producing.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap Buffer20 May ETF

Schedule of Investments

April 30, 2023 (unaudited)

 

    Expiration Date   Exercise Price    

Contracts(a)

    Notional Amount     Value  
OPTION PURCHASED – CALLS(b) – 97.7%                                    
Options on ETF – 97.7%                                    
SPDR S&P 500 ETF Trust   April 2024   $ 3.12       120     $ 37,440     $ 4,881,000  
Total Options Purchased – Calls
(Cost $4,881,462)
                        37,440       4,881,000  
OPTION PURCHASED – PUTS(b) – 5.9%                                    
Options on ETF – 5.9%                                    
SPDR S&P 500 ETF Trust   April 2024     415.97       120       4,991,640       294,960  
Total Options Purchased – Puts
(Cost $295,422)
                        4,991,640       294,960  
Total Investments – 103.6%
(Cost $5,176,884)
                                5,175,960  
Other assets less liabilities – (3.6)%                                 (177,808)
Net Assets – 100.0%                               $ 4,998,152  

 

SCHEDULE OF WRITTEN OPTIONS AS OF APRIL 30, 2023

CALL OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

    Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust     120     $ 469.96     April 2024   $ 125,418     $ 5,639,520     $ (125,880)
                        $ 125,418     $ 5,639,520     $ (125,880)

 

PUT OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

    Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust     120     $ 332.74     April 2024   $ 95,898     $ 3,992,880     $ (96,360)
                        $ 95,898     $ 3,992,880     $ (96,360)
TOTAL OPTIONS WRITTEN                       $ 221,316     $ 9,632,400     $ (222,240)

 

 

(a) Each contract equals 100 shares.
(b) Non-income producing.

 

The accompanying notes are an integral part of the financial statements.

22 

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap Buffer10 Jul ETF

Schedule of Investments

April 30, 2023 (unaudited)

 

    Expiration Date   Exercise Price    

Contracts(a)

    Notional Amount     Value  
OPTION PURCHASED – CALLS(b) – 83.0%                                    
Options on Equity Indices – 83.0%                                    
S&P 500 E-mini Index   June 2023   $ 246.07       380     $ 9,350,660     $ 6,550,166  
S&P 500 Index   June 2023     2,460.68       240       59,056,320       41,363,081  
Total Options Purchased – Calls
(Cost $47,357,183)
                        68,406,980       47,913,247  
OPTION PURCHASED – PUTS(b) – 17.8%                                    
Options on Equity Indices – 17.8%                                    
S&P 500 E-mini Index   June 2023     378.57       190       7,192,830       43,527  
S&P 500 E-mini Index   June 2023     492.14       190       9,350,660       1,362,030  
S&P 500 Index   June 2023     3,785.66       120       45,427,920       276,418  
S&P 500 Index   June 2023     4,921.36       120       59,056,320       8,601,031  
Total Options Purchased – Puts
(Cost $18,069,949)
                        121,027,730       10,283,006  
                         

Principal

         
SHORT-TERM INVESTMENTS – 0.0%*                                    
Time Deposits – 0.0%*                                    
Citibank, New York,
4.180%, 5/01/23(c)
                      $ 25,856       25,856  
Total Short-Term Investments
(Cost $25,856)
                                25,856  
Total Investments – 100.8%
(Cost $65,452,988)
                                58,222,109  
Other assets less liabilities – (0.8)%                                 (438,513)
Net Assets – 100.0%                               $ 57,783,596  

 

 

* Rounds to less than 0.05%.
(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 April 30, 2023.

 

The accompanying notes are an integral part of the financial statements.

23 

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap Buffer10 Jul ETF

Schedule of Investments

April 30, 2023 (unaudited) (continued)

 

SCHEDULE OF WRITTEN OPTIONS AS OF APRIL 30, 2023

CALL OPTIONS WRITTEN(a)

 

Description   Contracts(b)   Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
S&P 500 E-mini Index   190   $ 464.88     June 2023   $ 78,014     $ 8,832,720     $ (2,214)  
S&P 500 E-mini Index   190     492.14     June 2023     30,564       9,350,660       (467)  
S&P 500 Index   120     4,648.79     June 2023     702,394       55,785,480       (15,054)  
S&P 500 Index   120     4,921.36     June 2023     316,687       59,056,320       (2,183)  
                    $ 1,127,659     $ 133,025,180     $ (19,918)  

 

PUT OPTIONS WRITTEN(a)

 

Description   Contracts(b)   Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
S&P 500 E-mini Index   380   $ 246.07     June 2023   $ 81,559     $ 9,350,660     $ (5,191)  
S&P 500 E-mini Index   190     340.71     June 2023     187,716       6,473,490       (13,551)  
S&P 500 Index   240     2,460.68     June 2023     632,136       59,056,320       (25,877)  
S&P 500 Index   120     3,407.09     June 2023     1,275,152       40,885,080       (84,986)  
                    $ 2,176,563     $ 115,765,550     $ (129,605)  
TOTAL OPTIONS WRITTEN               $ 3,304,222     $ 248,790,730     $ (149,523)  

 

 
(a) Non-income producing.
(b) Each contract equals 100 shares.

 

The accompanying notes are an integral part of the financial statements.

24 

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap Buffer20 Jul ETF

Schedule of Investments

April 30, 2023 (unaudited)

 

    Expiration Date   Exercise Price     Contracts(a)     Notional Amount     Value  
OPTION PURCHASED – CALLS(b) – 83.6%                                
Options on Equity Indices – 83.6%                                
S&P 500 E-mini Index   June 2023   $ 246.11       94     $ 2,313,434     $ 1,619,932  
S&P 500 Index   June 2023     2,460.72       580       142,721,760       99,958,481  
Total Options Purchased – Calls
(Cost $99,446,865)
                    145,035,194       101,578,413  
OPTION PURCHASED – PUTS(b) – 18.0%                                
Options on Equity Indices – 18.0%                                
S&P 500 E-mini Index   June 2023     378.60       47       1,779,420       10,779  
S&P 500 E-mini Index   June 2023     492.21       47       2,313,387       337,249  
S&P 500 Index   June 2023     3,785.70       290       109,785,300       668,102  
S&P 500 Index   June 2023     4,921.43       290       142,721,470       20,787,835  
Total Options Purchased – Puts
(Cost $40,849,588)
                    256,599,577       21,803,965  
                        Principal          
SHORT-TERM INVESTMENTS – 0.0%*                                
Time Deposits – 0.0%*                                    
China Construction Bank Corp.,
New York, 4.180%, 5/01/23(c)
                  $ 7,712       7,712  
Total Short-Term Investments
(Cost $7,712)
                            7,712  
Total Investments – 101.6%
(Cost $140,304,165)
                            123,390,090  
Other assets less liabilities – (1.6)%                             (2,001,637)  
Net Assets – 100.0%                               $ 121,388,453  

 

 
* Rounds to less than 0.05%.
(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 April 30, 2023.

 

The accompanying notes are an integral part of the financial statements.

25 

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap Buffer20 Jul ETF

Schedule of Investments

April 30, 2023 (unaudited) (continued)

 

SCHEDULE OF WRITTEN OPTIONS AS OF APRIL 30, 2023

CALL OPTIONS WRITTEN(a)

 

Description   Contracts(b)   Exercise Price     Expiration Date   Premiums Received     Notional Amount     Value  
S&P 500 E-mini Index   47   $ 431.57     June 2023   $ 43,767     $ 2,028,379     $ (17,934)  
S&P 500 E-mini Index   47     492.21     June 2023     6,254       2,313,387       (115)  
S&P 500 Index   290     4,315.65     June 2023     3,891,346       125,153,850       (1,100,846)  
S&P 500 Index   290     4,921.43     June 2023     747,834       142,721,470       (5,272)  
                    $ 4,689,201     $ 272,217,086     $ (1,124,167)  

 

PUT OPTIONS WRITTEN(a)

 

Description   Contracts(b)   Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
S&P 500 E-mini Index   94   $ 246.11     June 2023   $ 23,884     $ 2,313,434     $ (1,285)  
S&P 500 E-mini Index   47     302.85     June 2023     28,474       1,423,395       (1,492)  
S&P 500 Index   580     2,460.72     June 2023     1,624,643       142,721,760       (62,541)  
S&P 500 Index   290     3,028.53     June 2023     1,894,645       87,827,370       (94,410)  
                    $ 3,571,646     $ 234,285,959     $ (159,728)  
TOTAL OPTIONS WRITTEN               $ 8,260,847     $ 506,503,045     $ (1,283,895)  

 

 
(a) Non-income producing.
(b) Each contract equals 100 shares.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap Buffer10 Oct ETF

Schedule of Investments

April 30, 2023 (unaudited)

 

    Expiration Date   Exercise Price     Contracts(a)     Notional Amount     Value  
OPTION PURCHASED – CALLS(b) – 100.2%                                
Options on ETF – 100.2%                                    
SPDR S&P 500 ETF Trust   September 2023   $ 2.64       1,622     $ 428,208     $ 66,565,355  
Total Options Purchased – Calls
(Cost $57,290,266)
                    428,208       66,565,355  
OPTION PURCHASED – PUTS(b) – 1.2%                                
Options on ETF – 1.2%                                    
SPDR S&P 500 ETF Trust   September 2023     357.14       1,622       57,928,108       779,339  
Total Options Purchased – Puts
(Cost $4,639,362)
                    57,928,108       779,339  
                        Principal          
SHORT-TERM INVESTMENTS – 0.6%                                
Time Deposits – 0.6%                                    
Banco Bilbao Vizcaya Argentaria SA,
Madrid, 4.180%, 5/01/23(c)
                  $ 428,679       428,679  
Total Short-Term Investments
(Cost $428,679)
                            428,679  
Total Investments – 102.0%
(Cost $62,358,307)
                            67,773,373  
Other assets less liabilities – (2.0)%                             (1,345,214)  
Net Assets – 100.0%                               $ 66,428,159  

 

SCHEDULE OF WRITTEN OPTIONS AS OF APRIL 30, 2023

CALL OPTIONS WRITTEN(b)

 

Description   Contracts(a)   Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust   1,622   $ 452.55     September 2023   $ 1,242,525     $ 73,403,610     $ (665,247)  
                    $ 1,242,525     $ 73,403,610     $ (665,247)  

 

PUT OPTIONS WRITTEN(b)

 

Description   Contracts(a)   Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust   1,622   $ 321.46     September 2023   $ 3,041,137     $ 52,140,812     $ (401,267)  
                    $ 3,041,137     $ 52,140,812     $ (401,267)  
TOTAL OPTIONS WRITTEN               $ 4,283,662     $ 125,544,422     $ (1,066,514)  

 

 
(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 April 30, 2023.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap Buffer20 Oct ETF

Schedule of Investments

April 30, 2023 (unaudited)

 

    Expiration Date   Exercise Price     Contracts(a)     Notional Amount     Value  
OPTION PURCHASED – CALLS(b) – 103.9%                                
Options on ETF – 103.9%                                    
SPDR S&P 500 ETF Trust   September 2023   $ 2.68       3,586     $ 961,048     $ 147,152,120  
Total Options Purchased – Calls
(Cost $126,117,532)
                    961,048       147,152,120  
OPTION PURCHASED – PUTS(b) – 1.2%                                
Options on ETF – 1.2%                                    
SPDR S&P 500 ETF Trust   September 2023     357.22       3,586       128,099,092       1,725,763  
Total Options Purchased – Puts
(Cost $10,328,832)
                    128,099,092       1,725,763  
                        Principal          
SHORT-TERM INVESTMENTS – 0.7%                                
Time Deposits – 0.7%                                    
JP Morgan Chase & Co., New York,
4.180%, 5/01/23(c)
                  $ 968,305       968,305  
Total Short-Term Investments
(Cost $968,305)
                            968,305  
Total Investments – 105.8%
(Cost $137,414,669)
                            149,846,188  
Other assets less liabilities – (5.8)%                             (8,271,719)  
Net Assets – 100.0%                               $ 141,574,469  

 

SCHEDULE OF WRITTEN OPTIONS AS OF APRIL 30, 2023

CALL OPTIONS WRITTEN(b)

Description   Contracts(a)   Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust   3,586   $ 418.54     September 2023   $ 5,987,909     $ 150,088,444     $ (7,114,946)  
                    $ 5,987,909     $ 150,088,444     $ (7,114,946)  

 

PUT OPTIONS WRITTEN(b)

 

Description  

Contracts(a)

  Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust   3,586   $ 285.74     September 2023   $ 4,183,279     $ 102,466,364     $ (503,403)  
                    $ 4,183,279     $ 102,466,364     $ (503,403)  
TOTAL OPTIONS WRITTEN               $ 10,171,188     $ 252,554,808     $ (7,618,349)  

 

 
(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 April 30, 2023.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap Buffer10 Nov ETF

Schedule of Investments

April 30, 2023 (unaudited)

 

    Expiration Date   Exercise Price     Contracts(a)   Notional Amount     Value  
OPTION PURCHASED – CALLS(b) – 98.5%                            
Options on ETF – 98.5%                                
SPDR S&P 500 ETF Trust   October 2023   $ 2.86     404   $ 115,544     $ 16,573,611  
Total Options Purchased – Calls
(Cost $15,319,889)
                    115,544       16,573,611  
OPTION PURCHASED – PUTS(b) – 2.4%                            
Options on ETF – 2.4%                                
SPDR S&P 500 ETF Trust   October 2023     386.17     404     15,601,268       404,250  
Total Options Purchased – Puts
(Cost $1,156,864)
                    15,601,268       404,250  
                    Principal          
SHORT-TERM INVESTMENTS – 0.8%                            
Time Deposits – 0.8%                                
Sumitomo Corporation, Tokyo,
4.180%, 5/01/23(c)
                  $ 132,705       132,705  
Total Short-Term Investments
(Cost $132,705)
                        132,705  
Total Investments – 101.7%
(Cost $16,609,458)
                        17,110,566  
Other assets less liabilities – (1.7)%                             (290,427)
Net Assets – 100.0%                           $ 16,820,139  

 

SCHEDULE OF WRITTEN OPTIONS AS OF APRIL 30, 2023

CALL OPTIONS WRITTEN(b)

 

Description   Contracts(a)   Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust   404   $ 489.48     October 2023   $ 218,161     $ 19,774,992     $ (33,516)  
                    $ 218,161     $ 19,774,992     $ (33,516)  

 

PUT OPTIONS WRITTEN(b)

 

Description   Contracts(a)   Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust   404   $ 347.59     October 2023   $ 722,652     $ 14,042,636     $ (200,836)  
                    $ 722,652     $ 14,042,636     $ (200,836)  
TOTAL OPTIONS WRITTEN               $ 940,813     $ 33,817,628     $ (234,352)  

 

 
(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 April 30, 2023.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

AllianzIM U.S. Large Cap Buffer20 Nov ETF

Schedule of Investments

April 30, 2023 (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   October 2023   $ 2.90     825   $ 239,250     $ 33,841,417  
Total Options Purchased – Calls
(Cost $31,042,186)
                    239,250       33,841,417  
OPTION PURCHASED – PUTS(b) – 2.4%                            
Options on ETF – 2.4%                                
SPDR S&P 500 ETF Trust   October 2023     386.25     825     31,865,625       826,708  
Total Options Purchased – Puts
(Cost $2,438,871)
                    31,865,625       826,708  
                    Principal          
SHORT-TERM INVESTMENTS – 0.7%                            
Time Deposits – 0.7%                                
Banco Bilbao Vizcaya Argentaria SA,
Madrid, 4.180%, 5/01/23(c)
                  $ 250,602       250,602  
Total Short-Term Investments
(Cost $250,602)
                            250,602  
Total Investments – 102.5%
(Cost $33,731,659)
                            34,918,727  
Other assets less liabilities – (2.5)%                             (867,953)  
Net Assets – 100.0%                           $ 34,050,774  

 

SCHEDULE OF WRITTEN OPTIONS AS OF APRIL 30, 2023

CALL OPTIONS WRITTEN(b)

 

Description   Contracts(a)   Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust   825   $ 451.52     October 2023   $ 1,149,314     $ 37,250,400     $ (535,408)  
                    $ 1,149,314     $ 37,250,400     $ (535,408)  

 

PUT OPTIONS WRITTEN(b)

 

Description   Contracts(a)   Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust   825   $ 308.97     October 2023   $ 880,881     $ 25,490,025     $ (212,570)  
                    $ 880,881     $ 25,490,025     $ (212,570)  
TOTAL OPTIONS WRITTEN               $ 2,030,195     $ 62,740,425     $ (747,978)  

 

 
(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 April 30, 2023.

 

The accompanying notes are an integral part of the financial statements.

30 

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap Buffer10 Dec ETF

Schedule of Investments

April 30, 2023 (unaudited)

 

    Expiration Date   Exercise Price     Contracts(a)   Notional Amount     Value  
OPTION PURCHASED – CALLS(b) – 97.9%                            
Options on ETF – 97.9%                                
SPDR S&P 500 ETF Trust   November 2023   $ 3.02     414   $ 125,028     $ 16,984,992  
Total Options Purchased – Calls
(Cost $16,054,818)
                    125,028       16,984,992  
OPTION PURCHASED – PUTS(b) – 3.8%                            
Options on ETF – 3.8%                                
SPDR S&P 500 ETF Trust   November 2023     407.64     414     16,876,296       661,746  
Total Options Purchased – Puts
(Cost $1,145,145)
                    16,876,296       661,746  
                    Principal          
SHORT-TERM INVESTMENTS – 0.8%                            
Time Deposits – 0.8%                                
China Construction Bank Corp.,
New York, 4.180%, 5/01/23(c)
                  $ 133,332       133,332  
Total Short-Term Investments
(Cost $133,332)
                            133,332  
Total Investments – 102.5%
(Cost $17,333,295)
                            17,780,070  
Other assets less liabilities – (2.5)%                         (426,290)  
Net Assets – 100.0%                           $ 17,353,780  

 

SCHEDULE OF WRITTEN OPTIONS AS OF APRIL 30, 2023

CALL OPTIONS WRITTEN(b)

 

Description   Contracts(a)   Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust   414   $ 503.89     November 2023   $ 181,787     $ 20,861,046     $ (29,783)  
                    $ 181,787     $ 20,861,046     $ (29,783)  

 

PUT OPTIONS WRITTEN(b)

 

Description   Contracts(a)   Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust   414   $ 366.91     November 2023   $ 798,703     $ 15,190,074     $ (334,260)  
                    $ 798,703     $ 15,190,074     $ (334,260)  
TOTAL OPTIONS WRITTEN               $ 980,490     $ 36,051,120     $ (364,043)  

 

 
(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 April 30, 2023.

 

The accompanying notes are an integral part of the financial statements.

31 

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap Buffer20 Dec ETF

Schedule of Investments

April 30, 2023 (unaudited)

 

    Expiration Date   Exercise Price     Contracts(a)   Notional Amount     Value  
OPTION PURCHASED – CALLS(b) – 97.5%                            
Options on ETF – 97.5%                                
SPDR S&P 500 ETF Trust   November 2023   $ 3.06     3,187   $ 975,222     $ 130,739,282  
Total Options Purchased – Calls
(Cost $124,418,431)
                    975,222       130,739,282  
OPTION PURCHASED – PUTS(b) – 3.8%                            
Options on ETF – 3.8%                                
SPDR S&P 500 ETF Trust   November 2023     407.72     3,187     129,940,364       5,100,921  
Total Options Purchased – Puts
(Cost $9,600,710)
                    129,940,364       5,100,921  
                    Principal          
SHORT-TERM INVESTMENTS – 0.7%                            
Time Deposits – 0.7%                                
DBS Bank Ltd., Singapore,
4.180%, 5/01/23(c)
                  $ 959,516       959,516  
Total Short-Term Investments
(Cost $959,516)
                            959,516  
Total Investments – 102.0%
(Cost $134,978,657)
                            136,799,719  
Other assets less liabilities – (2.0)%                             (2,657,779)  
Net Assets – 100.0%                           $ 134,141,940  

 

SCHEDULE OF WRITTEN OPTIONS AS OF APRIL 30, 2023 

CALL OPTIONS WRITTEN(b)

 

Description   Contracts(a)   Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust   3,187   $ 471.28     November 2023   $ 2,541,988     $ 150,196,936     $ (1,053,973)  
                    $ 2,541,988     $ 150,196,936     $ (1,053,973)  

 

PUT OPTIONS WRITTEN(b)

 

Description   Contracts(a)   Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust   3,187   $ 326.14     November 2023   $ 3,127,853     $ 103,940,818     $ (1,296,822)  
                    $ 3,127,853     $ 103,940,818     $ (1,296,822)  
TOTAL OPTIONS WRITTEN                   $ 5,669,841     $ 254,137,754     $ (2,350,795)  

 

 
(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 April 30, 2023.

 

The accompanying notes are an integral part of the financial statements.

32 

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF

Schedule of Investments

April 30, 2023 (unaudited)

 

    Expiration Date   Exercise Price     Contracts(a)   Notional Amount     Value  
OPTION PURCHASED – CALLS(b) – 100.5%                            
Options on ETF – 100.5%                                
SPDR S&P 500 ETF Trust   June 2023   $ 2.83     1,205   $ 341,015     $ 49,619,020  
Total Options Purchased – Calls
(Cost $45,694,889)
                    341,015       49,619,020  
OPTION PURCHASED – PUTS(b) – 0.7%                            
Options on ETF – 0.7%                                
SPDR S&P 500 ETF Trust   June 2023     382.39     1,205     46,077,995       332,146  
Total Options Purchased – Puts
(Cost $2,277,558)
                    46,077,995       332,146  
                    Principal          
SHORT-TERM INVESTMENTS – 0.7%                            
Time Deposits – 0.7%                                
Banco Bilbao Vizcaya Argentaria SA,
Madrid, 4.180%, 5/01/23(c)
                  $ 335,311       335,311  
Total Short-Term Investments
(Cost $335,311)
                            335,311  
Total Investments – 101.9%
(Cost $48,307,758)
                            50,286,477  
Other assets less liabilities – (1.9)%                             (957,265)  
Net Assets – 100.0%                           $ 49,329,212  

 

SCHEDULE OF WRITTEN OPTIONS AS OF APRIL 30, 2023

CALL OPTIONS WRITTEN(b)

 

Description   Contracts(a)   Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust   1,205   $ 424.11     June 2023   $ 881,280     $ 51,105,255     $ (762,777)  
                    $ 881,280     $ 51,105,255     $ (762,777)  

 

PUT OPTIONS WRITTEN(b)

 

Description   Contracts(a)   Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust   1,205   $ 344.19     June 2023   $ 1,049,829     $ 41,474,895     $ (100,160)  
                    $ 1,049,829     $ 41,474,895     $ (100,160)  
TOTAL OPTIONS WRITTEN               $ 1,931,109     $ 92,580,150     $ (862,937)  

 

 
(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 April 30, 2023.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF

Schedule of Investments

April 30, 2023 (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   September 2023   $ 3.03     1,680   $ 509,040     $ 68,881,848  
Total Options Purchased – Calls
(Cost $67,721,272)
                    509,040       68,881,848  
OPTION PURCHASED – PUTS(b) – 3.3%                            
Options on ETF – 3.3%                                
SPDR S&P 500 ETF Trust   September 2023     409.35     1,680     68,770,800       2,298,660  
Total Options Purchased – Puts
(Cost $3,094,148)
                    68,770,800       2,298,660  
                    Principal          
SHORT-TERM INVESTMENTS – 0.7%                            
Time Deposits – 0.7%                                
Citibank, New York,
4.180%, 5/01/23(c)
                  $ 502,970       502,970  
Total Short-Term Investments
(Cost $502,970)
                            502,970  
Total Investments – 102.9%
(Cost $71,318,390)
                            71,683,478  
Other assets less liabilities – (2.9)%                         (2,051,827)  
Net Assets – 100.0%                           $ 69,631,651  

 

SCHEDULE OF WRITTEN OPTIONS AS OF APRIL 30, 2023

CALL OPTIONS WRITTEN(b)

 

Description   Contracts(a)   Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust   1,680   $ 446.07     September 2023   $ 1,136,128     $ 74,939,760     $ (1,003,111)  
                    $ 1,136,128     $ 74,939,760     $ (1,003,111)  

 

PUT OPTIONS WRITTEN(b)

 

Description   Contracts(a)   Exercise
Price
    Expiration
Date
  Premiums
Received
    Notional
Amount
    Value  
SPDR S&P 500 ETF Trust   1,680   $ 368.45     September 2023   $ 1,408,480     $ 61,899,600     $ (1,012,637)  
                    $ 1,408,480     $ 61,899,600     $ (1,012,637)  
TOTAL OPTIONS WRITTEN               $ 2,544,608     $ 136,839,360     $ (2,015,748)  

 

 
(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 April 30, 2023.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Assets and Liabilities

April 30, 2023 (unaudited)

 

    AllianzIM U.S.     AllianzIM U.S.     AllianzIM U.S.     AllianzIM U.S.  
    Large Cap     Large Cap     Large Cap     Large Cap  
    Buffer10 Jan     Buffer20 Jan     Buffer10 Feb     Buffer20 Feb  
    ETF     ETF     ETF     ETF  
ASSETS                                
Investments, at value   $ 80,621,089     $ 105,114,261     $ 33,044,110     $ 57,487,026  
Cash     1,907       2,549       821       1,391  
TOTAL ASSETS     80,622,996       105,116,810       33,044,931       57,488,417  
LIABILITIES                                
Payables:                                
Options contracts written, at value     1,987,852       4,436,277       988,265       1,913,875  
Management fees     184,699       233,761       54,398       84,087  
TOTAL LIABILITIES     2,172,551       4,670,038       1,042,663       1,997,962  
NET ASSETS   $ 78,450,445     $ 100,446,772     $ 32,002,268     $ 55,490,455  
COMPONENTS OF NET ASSETS                                
Paid-in capital   $ 77,116,436     $ 98,029,631     $ 31,533,342     $ 54,500,030  
Total distributable earnings (accumulated loss)     1,334,009       2,417,141       468,926       990,425  
NET ASSETS   $ 78,450,445     $ 100,446,772     $ 32,002,268     $ 55,490,455  
NET ASSET VALUE PER SHARE                                
Net Asset Value   $ 27.29     $ 27.90     $ 25.60     $ 25.51  
Shares of beneficial interest outstanding (unlimited number of Shares authorized, no par value)     2,875,000       3,600,000       1,250,000       2,175,000  
COST OF INVESTMENTS                                
Investments, at cost   $ 76,670,729     $ 100,523,024     $ 32,860,614     $ 57,004,330  
Premiums received   $ 3,846,072     $ 5,564,271     $ 1,417,182     $ 2,501,953  

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Assets and Liabilities

April 30, 2023 (unaudited) (continued)

 

   
 
 
 
AllianzIM U.S.
Large Cap
Buffer10 Mar
ETF
    AllianzIM U.S.
Large Cap
Buffer20 Mar
ETF
    AllianzIM U.S.
Large Cap
Buffer10 Apr
ETF
    AllianzIM U.S.
Large Cap
Buffer20 Apr
ETF
 
ASSETS                                
Investments, at value   $ 8,725,739     $ 29,734,823     $ 41,288,184     $ 164,076,263  
Cash     57,905       684       875       3,351  
TOTAL ASSETS     8,783,644       29,735,507       41,289,059       164,079,614  
LIABILITIES                                
Payables:                                
Options contracts written, at value     313,002       1,362,384       1,631,245       7,001,380  
Management fees     9,246       29,439       20,114       78,736  
TOTAL LIABILITIES     322,248       1,391,823       1,651,359       7,080,116  
NET ASSETS   $ 8,461,396     $ 28,343,684     $ 39,637,700     $ 156,999,498  
COMPONENTS OF NET ASSETS                                
Paid-in capital   $ 8,129,654     $ 27,548,536     $ 38,566,447     $ 154,115,528  
Total distributable earnings (accumulated loss)     331,742       795,148       1,071,253       2,883,970  
NET ASSETS   $ 8,461,396     $ 28,343,684     $ 39,637,700     $ 156,999,498  
NET ASSET VALUE PER SHARE                                
Net Asset Value   $ 26.04     $ 25.77     $ 29.92     $ 27.29  
Shares of beneficial interest outstanding (unlimited number of Shares authorized, no par value)     325,000       1,100,000       1,325,000       5,754,000  
COST OF INVESTMENTS                                
Investments, at cost   $ 8,445,613     $ 28,824,706     $ 40,969,378     $ 162,876,637  
Premiums received   $ 373,863     $ 1,275,663     $ 1,848,027     $ 7,330,877  

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Assets and Liabilities

April 30, 2023 (unaudited) (continued)

 

   
 
 
 
AllianzIM U.S.
Large Cap
Buffer10 May
ETF
    AllianzIM U.S.
Large Cap
Buffer20 May
ETF
    AllianzIM U.S.
Large Cap
Buffer10 Jul
ETF
    AllianzIM U.S.
Large Cap
Buffer20 Jul
ETF
 
ASSETS                                
Investments, at value   $ 5,176,080     $ 5,175,960     $ 58,222,109     $ 123,390,090  
Cash                 90       54  
Receivable for investments sold     220,956       221,316              
Receivable for Fund shares sold     5,000,000       5,000,000              
TOTAL ASSETS     10,397,036       10,397,276       58,222,199       123,390,144  
LIABILITIES                                
Payables:                                
Investments purchased     5,177,004       5,176,884              
Options contracts written, at value     221,880       222,240       149,523       1,283,895  
Management fees                 289,080       717,796  
TOTAL LIABILITIES     5,398,884       5,399,124       438,603       2,001,691  
NET ASSETS   $ 4,998,152     $ 4,998,152     $ 57,783,596     $ 121,388,453  
COMPONENTS OF NET ASSETS                                
Paid-in capital   $ 5,000,000     $ 5,000,000     $ 55,310,855     $ 112,744,752  
Total distributable earnings (accumulated loss)     (1,848 )     (1,848 )     2,472,741       8,643,701  
NET ASSETS   $ 4,998,152     $ 4,998,152     $ 57,783,596     $ 121,388,453  
NET ASSET VALUE PER SHARE                                
Net Asset Value   $ 24.99     $ 24.99     $ 29.63     $ 28.56  
Shares of beneficial interest outstanding (unlimited number of Shares authorized, no par value)     200,000       200,000       1,950,000       4,250,000  
COST OF INVESTMENTS                                
Investments, at cost   $ 5,177,004     $ 5,176,884     $ 65,452,988     $ 140,304,165  
Premiums received   $ 220,956     $ 221,316     $ 3,304,222     $ 8,260,847  

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Assets and Liabilities

April 30, 2023 (unaudited) (continued)

 

   
 
 
 
AllianzIM U.S.
Large Cap
Buffer10 Oct
ETF
    AllianzIM U.S.
Large Cap
Buffer20 Oct
ETF
    AllianzIM U.S.
Large Cap
Buffer10 Nov
ETF
    AllianzIM U.S.
Large Cap
Buffer20 Nov
ETF
 
ASSETS                                
Investments, at value   $ 67,773,373     $ 149,846,188     $ 17,110,566     $ 34,918,727  
Cash     1,496       4,187       462       1,153  
TOTAL ASSETS     67,774,869       149,850,375       17,111,028       34,919,880  
LIABILITIES                                
Payables:                                
Options contracts written, at value     1,066,514       7,618,349       234,352       747,978  
Management fees     280,196       657,557       56,537       121,128  
TOTAL LIABILITIES     1,346,710       8,275,906       290,889       869,106  
NET ASSETS   $ 66,428,159     $ 141,574,469     $ 16,820,139     $ 34,050,774  
COMPONENTS OF NET ASSETS                                
Paid-in capital   $ 62,049,832     $ 127,537,261     $ 15,740,604     $ 31,818,338  
Total distributable earnings (accumulated loss)     4,378,327       14,037,208       1,079,535       2,232,436  
NET ASSETS   $ 66,428,159     $ 141,574,469     $ 16,820,139     $ 34,050,774  
NET ASSET VALUE PER SHARE                                
Net Asset Value   $ 30.54     $ 29.49     $ 26.91     $ 26.71  
Shares of beneficial interest outstanding (unlimited number of Shares authorized, no par value)     2,175,000       4,800,000       625,000       1,275,000  
COST OF INVESTMENTS                                
Investments, at cost   $ 62,358,307     $ 137,414,669     $ 16,609,458     $ 33,731,659  
Premiums received   $ 4,283,662     $ 10,171,188     $ 940,813     $ 2,030,195  

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Assets and Liabilities

April 30, 2023 (unaudited) (continued)

 

   
 
 
 
AllianzIM U.S.
Large Cap
Buffer10 Dec
ETF
    AllianzIM U.S.
Large Cap
Buffer20 Dec
ETF
    AllianzIM U.S.
Large Cap 6
Month Buffer10
Jan/Jul ETF
    AllianzIM U.S.
Large Cap 6
Month Buffer10
Apr/Oct ETF
 
ASSETS                                
Investments, at value   $ 17,780,070     $ 136,799,719     $ 50,286,477     $ 71,683,478  
Cash     502       3,359       1,171       1,578  
TOTAL ASSETS     17,780,572       136,803,078       50,287,648       71,685,056  
LIABILITIES                                
Payables:                                
Options contracts written, at value     364,043       2,350,795       862,937       2,015,748  
Management fees     62,749       310,343       95,499       37,657  
TOTAL LIABILITIES     426,792       2,661,138       958,436       2,053,405  
NET ASSETS   $ 17,353,780     $ 134,141,940     $ 49,329,212     $ 69,631,651  
COMPONENTS OF NET ASSETS                                
Paid-in capital   $ 16,390,537     $ 129,435,252     $ 48,471,901     $ 66,313,675  
Total distributable earnings (accumulated loss)     963,243       4,706,688       857,311       3,317,976  
NET ASSETS   $ 17,353,780     $ 134,141,940     $ 49,329,212     $ 69,631,651  
NET ASSET VALUE PER SHARE                                
Net Asset Value   $ 25.71     $ 25.80     $ 24.06     $ 26.53  
Shares of beneficial interest outstanding (unlimited number of Shares authorized, no par value)     675,000       5,200,000       2,050,000       2,625,000  
COST OF INVESTMENTS                                
Investments, at cost   $ 17,333,295     $ 134,978,657     $ 48,307,758     $ 71,318,390  
Premiums received   $ 980,490     $ 5,669,841     $ 1,931,109     $ 2,544,608  

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Operations (unaudited)

 

   
 
 
 
AllianzIM U.S.
Large Cap
Buffer10
Jan ETF
    AllianzIM U.S.
Large Cap
Buffer20
Jan ETF
    AllianzIM U.S.
Large Cap
Buffer10
Feb ETF
    AllianzIM U.S.
Large Cap
Buffer20
Feb ETF
 
      For the Six       For the Six       For the       For the  
      Months Ended       Months Ended       Period Ended       Period Ended  
      April 30,       April 30,       April 30,       April 30,  
      2023       2023       2023*       2023*  
INVESTMENT INCOME:                                
Interest income   $ 7,331     $ 9,995     $ 2,233     $ 3,498  
Total Investment Income     7,331       9,995       2,233       3,498  
EXPENSES:                                
Management fees   $ 266,258     $ 285,762     $ 54,398     $ 84,087  
Interest expense     4             1       1  
Net Expenses     266,262       285,762       54,399       84,088  
NET INVESTMENT INCOME (LOSS)     (258,931)     (275,767)     (52,166)     (80,590)
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:                                
Net realized gain (loss) on:                                
Option contracts purchased   $ (22,381,304)   $ (20,496,975)   $ (89,537)   $ 342  
Option contracts written     (1,773,352)     1,792,633       (1,784)     (101)
Net realized gain (loss)     (24,154,656)     (18,704,342)     (91,321)     241  
Net change in unrealized appreciation (depreciation) on:                                
Options contracts purchased     26,441,654       24,930,058       183,496       482,696  
Options contracts written     3,792,891       511,604       428,917       588,078  
Net change in unrealized appreciation (depreciation)     30,234,545       25,441,662       612,413       1,070,774  
NET REALIZED AND UNREALIZED GAIN (LOSS)     6,079,889       6,737,320       521,092       1,071,015  
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS  
 
 
$
 
5,820,958
 
 
 
 
 
$
 
6,461,553
 
 
 
 
 
$
 
468,926
 
 
 
 
 
$
 
990,425
 
 

 

 
* The Fund commenced operations on January 31, 2023.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Operations (unaudited) (continued)

 

   
 
 
 
AllianzIM U.S.
Large Cap
Buffer10
Mar ETF
    AllianzIM U.S.
Large Cap
Buffer20
Mar ETF
    AllianzIM U.S.
Large Cap
Buffer10
Apr ETF
    AllianzIM U.S.
Large Cap
Buffer20
Apr ETF
 
      For the       For the       For the Six       For the Six  
      Period Ended       Period Ended       Months Ended       Months Ended  
      April 30,       April 30,       April 30,       April 30,  
      2023*     2023*     2023       2023  
INVESTMENT INCOME:                                
Interest income   $     $ 1,191     $ 1,309     $ 3,690  
Total Investment Income           1,191       1,309       3,690  
EXPENSES:                                
Management fees   $ 9,245     $ 29,439     $ 76,675     $ 282,668  
Interest expense                 17       82  
Net Expenses     9,245       29,439       76,692       282,750  
NET INVESTMENT INCOME (LOSS)     (9,245)     (28,248)     (75,383)     (279,060)
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net realized gain (loss) on:                                
Option contracts purchased   $     $     $ (5,368,830)   $ (13,220,162)
Option contracts written                 1,146,658       3,278,452  
Net realized gain (loss)                 (4,222,172)     (9,941,710)
Net change in unrealized appreciation (depreciation) on:                                
Options contracts purchased     280,126       910,117       5,613,707       14,252,143  
Options contracts written     60,861       (86,721)     465,012       (199,009)
Net change in unrealized appreciation (depreciation)     340,987       823,396       6,078,719       14,053,134  
NET REALIZED AND UNREALIZED GAIN (LOSS)     340,987       823,396       1,856,547       4,111,424  
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS   $ 331,742     $ 795,148     $ 1,781,164     $ 3,832,364  

 

 

* The Fund commenced operations on February 28, 2023.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Operations (unaudited) (continued)

 

   
 
 
 
AllianzIM U.S.
Large Cap
Buffer10
May ETF
    AllianzIM U.S.
Large Cap
Buffer20
May ETF
    AllianzIM U.S.
Large Cap
Buffer10
Jul ETF
    AllianzIM U.S.
Large Cap
Buffer20
Jul ETF
 
      For the       For the       For the Six       For the Six  
      Period Ended       Period Ended       Months Ended       Months Ended  
      April 30,       April 30,       April 30,       April 30,  
      2023*     2023*     2023       2023  
INVESTMENT INCOME:                                
Interest income   $     $     $ 646     $ 1,000  
Total Investment Income                 646       1,000  
EXPENSES:                                
Management fees   $     $     $ 193,137     $ 469,001  
Net Expenses                 193,137       469,001  
NET INVESTMENT INCOME (LOSS)                 (192,491)     (468,001)
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:                                
Net realized gain (loss) on:                                
Option contracts purchased   $     $     $ 176,707     $ 408,714  
Option contracts written                 83,325       1,008,082  
Net realized gain (loss)                 260,032       1,416,796  
Net change in unrealized appreciation (depreciation) on:                                
Options contracts purchased     (924)     (924)     443,908       930,871  
Options contracts written     (924)     (924)     3,174,557       6,764,035  
Net change in unrealized appreciation (depreciation)     (1,848)     (1,848)     3,618,465       7,694,906  
NET REALIZED AND UNREALIZED GAIN (LOSS)     (1,848)     (1,848)     3,878,497       9,111,702  
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS   $ (1,848)   $ (1,848)   $ 3,686,006     $ 8,643,701  

 

 

* The Fund commenced operations on April 28, 2023.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Operations (unaudited) (continued)

 

   
 
 
 
AllianzIM U.S.
Large Cap
Buffer10
Oct ETF
    AllianzIM U.S.
Large Cap
Buffer20
Oct ETF
    AllianzIM U.S.
Large Cap
Buffer10
Nov ETF
    AllianzIM U.S.
Large Cap
Buffer20
Nov ETF
 
      For the Six       For the Six       For the Six       For the Six  
      Months Ended       Months Ended       Months Ended       Months Ended  
      April 30,       April 30,       April 30,       April 30,  
      2023       2023       2023       2023  
INVESTMENT INCOME:                                
Interest income   $ 8,870     $ 22,703     $ 2,258     $ 4,894  
Total Investment Income     8,870       22,703       2,258       4,894  
EXPENSES:                                
Management fees   $ 244,182     $ 570,164     $ 56,537     $ 121,128  
Net Expenses     244,182       570,164       56,537       121,128  
NET INVESTMENT INCOME (LOSS)     (235,312)     (547,461)     (54,279)     (116,234)
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:                                
Net realized gain (loss) on:                                
Option contracts purchased   $ (95,261)   $ 29,647     $ (89,740)   $ (185,796)
Option contracts written     89,353       (11,697)     15,985       65,181  
Net realized gain (loss)     (5,908)     17,950       (73,755)     (120,615)
Net change in unrealized appreciation (depreciation) on:                                
Options contracts purchased     2,984,368       6,808,240       502,101       1,188,061  
Options contracts written     3,103,470       4,748,870       707,455       1,283,211  
Net change in unrealized appreciation (depreciation)     6,087,838       11,557,110       1,209,556       2,471,272  
NET REALIZED AND UNREALIZED GAIN (LOSS)     6,081,930       11,575,060       1,135,801       2,350,657  
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS   $ 5,846,618     $ 11,027,599     $ 1,081,522     $ 2,234,423  

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Operations (unaudited) (continued)

 

   
 
 
 
AllianzIM U.S.
Large Cap
Buffer10
Dec ETF
    AllianzIM U.S.
Large Cap
Buffer20
Dec ETF
    AllianzIM U.S.
Large Cap 6
Month Buffer10
Jan/Jul ETF
    AllianzIM U.S.
Large Cap 6
Month Buffer10
Apr/Oct ETF
 
      For the       For the       For the Six       For the Six  
      Period Ended       Period Ended       Months Ended       Months Ended  
      April 30,       April 30,       April 30,       April 30,  
      2023*     2023*     2023       2023  
INVESTMENT INCOME:                                
Interest income   $ 2,459     $ 12,364     $ 3,985     $ 5,461  
Total Investment Income     2,459       12,364       3,985       5,461  
EXPENSES:                                
Management fees   $ 62,749     $ 310,342     $ 129,550     $ 142,988  
Interest expense     5       5       14        
Net Expenses     62,754       310,347       129,564       142,988  
NET INVESTMENT INCOME (LOSS)     (60,295)     (297,983)     (125,579)     (137,527)
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:                                
Net realized gain (loss) on:                                
Option contracts purchased   $ (214,180)   $ (131,960)   $ (3,163,522)   $ 1,770,091  
Option contracts written     174,496       (3,477)     677,563       1,625,314  
Net realized gain (loss)     (39,684)     (135,437)     (2,485,959)     3,395,405  
Net change in unrealized appreciation (depreciation) on:                                
Options contracts purchased     446,775       1,821,062       4,435,449       (759,850)
Options contracts written     616,447       3,319,046       895,533       618,247  
Net change in unrealized appreciation (depreciation)     1,063,222       5,140,108       5,330,982       (141,603)
NET REALIZED AND UNREALIZED GAIN (LOSS)     1,023,538       5,004,671       2,845,023       3,253,802  
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS   $ 963,243     $ 4,706,688     $ 2,719,444     $ 3,116,275  

 

 

* The Fund commenced operations on November 30, 2022.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Changes in Net Assets

 

    AllianzIM U.S. Large Cap Buffer10 Jan ETF  
    For the Six Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022+
    For the
Year Ended
September 30, 2022
 
OPERATIONS:
Net investment income (loss)   $ (258,931)     $ (39,594)     $ (397,641)  
Net realized gain (loss)     (24,154,656)       770,717       7,420,201  
Net change in unrealized appreciation (depreciation)     30,234,545       3,034,072       (15,672,345)  
Net increase (decrease) in net assets resulting from
operations
    5,820,958       3,765,195       (8,649,785)  
CAPITAL TRANSACTIONS:                        
Proceeds from Shares issued     29,825,967       19,544,591       114,130,244  
Cost of Shares redeemed     (22,505,209)       (18,816,675)       (87,773,920)  
Net increase (decrease) in net assets from capital
transactions
    7,320,758       727,916       26,356,324  
Total increase (decrease) in net assets     13,141,716       4,493,111       17,706,539  
NET ASSETS                        
Beginning of Period     65,308,729       60,815,618       43,109,079  
End of Period   $ 78,450,445     $ 65,308,729     $ 60,815,618  
CHANGES IN SHARES OUTSTANDING                        
Shares issued     1,175,000       775,000       4,350,000  
Shares redeemed     (875,000)       (750,000)       (3,375,000)  
Net increase (decrease) in Shares outstanding     300,000       25,000       975,000  
Shares outstanding, Beginning of Period     2,575,000       2,550,000       1,575,000  
Shares outstanding, End of Period     2,875,000       2,575,000       2,550,000  

 

 
+ Effective October 31, 2022, the Fund changed its fiscal year end from September 30 to October 31.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Changes in Net Assets (continued)

 

    AllianzIM U.S. Large Cap Buffer20 Jan ETF  
    For the Six Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022+
    For the
Year Ended
September 30, 2022
 
OPERATIONS:
Net investment income (loss)   $ (275,767)     $ (34,300)     $ (628,972)  
Net realized gain (loss)     (18,704,342)       (76,386)       (121,877)  
Net change in unrealized appreciation (depreciation)     25,441,662       2,166,132       (5,977,981)  
Net increase (decrease) in net assets resulting from
operations
    6,461,553       2,055,446       (6,728,830)  
CAPITAL TRANSACTIONS:                        
Proceeds from Shares issued     61,075,933       13,988,536       168,065,916  
Cost of Shares redeemed     (22,052,150)       (15,827,457)       (164,942,230)  
Net increase (decrease) in net assets from capital
transactions
    39,023,783       (1,838,921)       3,123,686  
Total increase (decrease) in net assets     45,485,336       216,525       (3,605,144)  
NET ASSETS                        
Beginning of Period     54,961,436       54,744,911       58,350,055  
End of Period   $ 100,446,772     $ 54,961,436     $ 54,744,911  
CHANGES IN SHARES OUTSTANDING                        
Shares issued     2,300,000       550,000       6,500,000  
Shares redeemed     (850,000)       (625,000)       (6,500,000)  
Net increase (decrease) in Shares outstanding     1,450,000       (75,000)        
Shares outstanding, Beginning of Period     2,150,000       2,225,000       2,225,000  
Shares outstanding, End of Period     3,600,000       2,150,000       2,225,000  

 

 
+ Effective October 31, 2022, the Fund changed its fiscal year end from September 30 to October 31.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Changes in Net Assets (continued)

 

    AllianzIM U.S. Large Cap Buffer10
Feb ETF
    AllianzIM U.S. Large Cap
Buffer20
Feb ETF
 
    For the
Period Ended
April 30, 2023* (unaudited)
    For the
Period Ended
April 30, 2023*
(unaudited)
 
OPERATIONS:
Net investment income (loss)   $ (52,166)     $ (80,590)  
Net realized gain (loss)     (91,321)       241  
Net change in unrealized appreciation (depreciation)     612,413       1,070,774  
Net increase (decrease) in net assets resulting from
operations
    468,926       990,425  
CAPITAL TRANSACTIONS:                
Proceeds from Shares issued     34,039,642       54,500,030  
Cost of Shares redeemed     (2,506,300)        
Net increase (decrease) in net assets from capital
transactions
    31,533,342       54,500,030  
Total increase (decrease) in net assets     32,002,268       55,490,455  
NET ASSETS                
Beginning of Period            
End of Period   $ 32,002,268     $ 55,490,455  
CHANGES IN SHARES OUTSTANDING                
Shares issued     1,350,000       2,175,000  
Shares redeemed     (100,000)        
Net increase (decrease) in Shares outstanding     1,250,000       2,175,000  
Shares outstanding, Beginning of Period            
Shares outstanding, End of Period     1,250,000       2,175,000  

 

 
* The Fund commenced operations on January 31, 2023.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Changes in Net Assets (continued)

 

    AllianzIM U.S. Large Cap Buffer10
Mar ETF
    AllianzIM U.S. Large Cap Buffer20
Mar ETF
 
    For the
Period Ended
April 30, 2023*
(unaudited)
    For the
Period Ended
April 30, 2023*
(unaudited)
 
OPERATIONS:
Net investment income (loss)   $ (9,245)     $ (28,248)  
Net change in unrealized appreciation (depreciation)     340,987       823,396  
Net increase (decrease) in net assets resulting from
operations
    331,742       795,148  
CAPITAL TRANSACTIONS:                
Proceeds from Shares issued     8,129,654       27,548,536  
Net increase (decrease) in net assets from capital
transactions
    8,129,654       27,548,536  
Total increase (decrease) in net assets     8,461,396       28,343,684  
NET ASSETS                
Beginning of Period            
End of Period   $ 8,461,396     $ 28,343,684  
CHANGES IN SHARES OUTSTANDING                
Shares issued     325,000       1,100,000  
Net increase (decrease) in Shares outstanding     325,000       1,100,000  
Shares outstanding, Beginning of Period            
Shares outstanding, End of Period     325,000       1,100,000  

 

 
* The Fund commenced operations on February 28, 2023.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Changes in Net Assets (continued)

 

    AllianzIM U.S. Large Cap Buffer10 Apr ETF  
    For the Six Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022+
    For the
Year Ended
September 30, 2022
 
OPERATIONS:
Net investment income (loss)   $ (75,383)     $ (11,320)     $ (115,495)  
Net realized gain (loss)     (4,222,172)       220,849       1,481,370  
Net change in unrealized appreciation (depreciation)     6,078,719       697,800       (3,098,610)  
Net increase (decrease) in net assets resulting from
operations
    1,781,164       907,329       (1,732,735)  
CAPITAL TRANSACTIONS:                        
Proceeds from Shares issued     38,578,899       6,769,475       27,226,776  
Cost of Shares redeemed     (19,099,782)       (6,733,725)       (23,490,423)  
Net increase (decrease) in net assets from capital
transactions
    19,479,117       35,750       3,736,353  
Total increase (decrease) in net assets     21,260,281       943,079       2,003,618  
NET ASSETS                        
Beginning of Period     18,377,419       17,434,340       15,430,722  
End of Period   $ 39,637,700     $ 18,377,419     $ 17,434,340  
CHANGES IN SHARES OUTSTANDING                        
Shares issued     1,325,000       250,000       975,000  
Shares redeemed     (675,000)       (250,000)       (850,000)  
Net increase (decrease) in Shares outstanding     650,000             125,000  
Shares outstanding, Beginning of Period     675,000       675,000       550,000  
Shares outstanding, End of Period     1,325,000       675,000       675,000  

 

 
+ Effective October 31, 2022, the Fund changed its fiscal year end from September 30 to October 31.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Changes in Net Assets (continued)

 

    AllianzIM U.S. Large Cap Buffer20 Apr ETF  
    For the Six Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022+
    For the
Year Ended
September 30, 2022
 
OPERATIONS:                        
Net investment income (loss)   $ (279,060)     $ (36,759)     $ (267,414)  
Net realized gain (loss)     (9,941,710)       971,497       6,066,484  
Net change in unrealized appreciation (depreciation)     14,053,134       852,536       (8,802,152)  
Net increase (decrease) in net assets resulting from
operations
    3,832,364       1,787,274       (3,003,082)  
CAPITAL TRANSACTIONS:                        
Proceeds from Shares issued     175,896,803       29,111,588       119,368,807  
Cost of Shares redeemed     (81,296,090)       (30,293,573)       (81,685,652)  
Net increase (decrease) in net assets from capital
transactions
    94,600,713       (1,181,985)       37,683,155  
Total increase (decrease) in net assets     98,433,077       605,289       34,680,073  
NET ASSETS                        
Beginning of Period     58,566,421       57,961,132       23,281,059  
End of Period   $ 156,999,498     $ 58,566,421     $ 57,961,132  
CHANGES IN SHARES OUTSTANDING                        
Shares issued     6,525,000       1,125,000       4,550,000  
Shares redeemed     (3,025,000)       (1,175,000)       (3,125,000)  
Net increase (decrease) in Shares outstanding     3,500,000       (50,000)       1,425,000  
Shares outstanding, Beginning of Period     2,254,000       2,304,000       879,000  
Shares outstanding, End of Period     5,754,000       2,254,000       2,304,000  

 

 
+ Effective October 31, 2022, the Fund changed its fiscal year end from September 30 to October 31.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Changes in Net Assets (continued)

 

    AllianzIM U.S. Large Cap Buffer10
May ETF
    AllianzIM U.S. Large Cap Buffer20
May ETF
 
    For the
Period Ended
April 30, 2023*
(unaudited)
    For the
Period Ended
April 30, 2023*
(unaudited)
 
OPERATIONS:                
Net change in unrealized appreciation (depreciation)   $ (1,848)     $ (1,848)  
Net increase (decrease) in net assets resulting from
operations
    (1,848)       (1,848)  
CAPITAL TRANSACTIONS:                
Proceeds from Shares issued     5,000,000       5,000,000  
Net increase (decrease) in net assets from capital
transactions
    5,000,000       5,000,000  
Total increase (decrease) in net assets     4,998,152       4,998,152  
NET ASSETS                
Beginning of Period            
End of Period   $ 4,998,152     $ 4,998,152  
CHANGES IN SHARES OUTSTANDING                
Shares issued     200,000       200,000  
Net increase (decrease) in Shares outstanding     200,000       200,000  
Shares outstanding, Beginning of Period            
Shares outstanding, End of Period     200,000       200,000  

 

 
* The Fund commenced operations on April 28, 2023.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Changes in Net Assets (continued)

 

    AllianzIM U.S. Large Cap Buffer10 Jul ETF  
    For the Six Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022+
    For the
Year Ended
September 30, 2022
 
OPERATIONS:                        
Net investment income (loss)   $ (192,491)     $ (26,879)     $ (185,540)  
Net realized gain (loss)     260,032       1,203,408       2,827,198  
Net change in unrealized appreciation (depreciation)     3,618,465       923,859       (6,140,851)  
Net increase (decrease) in net assets resulting from
operations
    3,686,006       2,100,388       (3,499,193)  
CAPITAL TRANSACTIONS:                        
Proceeds from Shares issued     10,600,969       35,607,041       86,735,535  
Cost of Shares redeemed     (1,438,485)       (30,786,975)       (77,966,400)  
Net increase (decrease) in net assets from capital
transactions
    9,162,484       4,820,066       8,769,135  
Total increase (decrease) in net assets     12,848,490       6,920,454       5,269,942  
NET ASSETS                        
Beginning of Period     44,935,106       38,014,652       32,744,710  
End of Period   $ 57,783,596     $ 44,935,106     $ 38,014,652  
CHANGES IN SHARES OUTSTANDING                        
Shares issued     375,000       1,300,000       3,050,000  
Shares redeemed     (50,000)       (1,125,000)       (2,775,000)  
Net increase (decrease) in Shares outstanding     325,000       175,000       275,000  
Shares outstanding, Beginning of Period     1,625,000       1,450,000       1,175,000  
Shares outstanding, End of Period     1,950,000       1,625,000       1,450,000  

 

 
+ Effective October 31, 2022, the Fund changed its fiscal year end from September 30 to October 31.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Changes in Net Assets (continued)

 

    AllianzIM U.S. Large Cap Buffer20 Jul ETF  
    For the Six
Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022+
    For the
Year Ended
September 30,
2022
 
OPERATIONS:                        
Net investment income (loss)   $ (468,001)   $ (74,363)   $ (326,962)
Net realized gain (loss)     1,416,796       3,472,545       11,477,238  
Net change in unrealized appreciation (depreciation)     7,694,906       483,059       (15,114,331)
Net increase (decrease) in net assets resulting from operations     8,643,701       3,881,241       (3,964,055)
CAPITAL TRANSACTIONS:                        
Proceeds from Shares issued     9,956,245       86,300,047       203,121,686  
Cost of Shares redeemed     (20,019,665)     (79,476,900)     (130,074,423)
Net increase (decrease) in net assets from capital transactions     (10,063,420)     6,823,147       73,047,263  
Total increase (decrease) in net assets     (1,419,719)     10,704,388       69,083,208  
NET ASSETS                        
Beginning of Period     122,808,172       112,103,784       43,020,576  
End of Period   $ 121,388,453     $ 122,808,172     $ 112,103,784  
CHANGES IN SHARES OUTSTANDING                        
Shares issued     375,000       3,250,000       7,575,000  
Shares redeemed     (725,000)     (3,000,000)     (4,850,000)
Net increase (decrease) in Shares outstanding     (350,000)     250,000       2,725,000  
Shares outstanding, Beginning of Period     4,600,000       4,350,000       1,625,000  
Shares outstanding, End of Period     4,250,000       4,600,000       4,350,000  

 

 

+ Effective October 31, 2022, the Fund changed its fiscal year end from September 30 to October 31.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Changes in Net Assets (continued)

 

    AllianzIM U.S. Large Cap Buffer10 Oct ETF  
    For the Six
Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022+
    For the
Year Ended
September 30,
2022
 
OPERATIONS:                        
Net investment income (loss)   $ (235,312)   $ (35,075)   $ (315,852)
Net realized gain (loss)     (5,908)     73,231       (4,055,742)
Net change in unrealized appreciation (depreciation)     6,087,838       2,563,164       (13,869)
Net increase (decrease) in net assets resulting from operations     5,846,618       2,601,320       (4,385,463)
CAPITAL TRANSACTIONS:                        
Proceeds from Shares issued     3,624,280       27,924,271       62,272,912  
Cost of Shares redeemed     (7,337,110)     (10,172,225)     (53,552,127)
Net increase (decrease) in net assets from capital transactions     (3,712,830)     17,752,046       8,720,785  
Total increase (decrease) in net assets     2,133,788       20,353,366       4,335,322  
NET ASSETS                        
Beginning of Period     64,294,371       43,941,005       39,605,683  
End of Period   $ 66,428,159     $ 64,294,371     $ 43,941,005  
CHANGES IN SHARES OUTSTANDING                        
Shares issued     125,000       1,025,000       2,175,000  
Shares redeemed     (250,000)     (375,000)     (1,900,000)
Net increase (decrease) in Shares outstanding     (125,000)     650,000       275,000  
Shares outstanding, Beginning of Period     2,300,000       1,650,000       1,375,000  
Shares outstanding, End of Period     2,175,000       2,300,000       1,650,000  

 

 

+ Effective October 31, 2022, the Fund changed its fiscal year end from September 30 to October 31.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Changes in Net Assets (continued)

 

    AllianzIM U.S. Large Cap Buffer20 Oct ETF  
    For the Six
Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022+
    For the
Year Ended
September 30,
2022
 
OPERATIONS:                        
Net investment income (loss)   $ (547,461)   $ (84,993)   $ (345,696)
Net realized gain (loss)     17,950       452,358       (788,845)
Net change in unrealized appreciation (depreciation)     11,557,110       3,464,255       (33,166)
Net increase (decrease) in net assets resulting from operations     11,027,599       3,831,620       (1,167,707)
CAPITAL TRANSACTIONS:                        
Proceeds from Shares issued     4,888,283       80,350,760       161,064,192  
Cost of Shares redeemed     (30,176,152)     (15,744,028)     (103,421,895)
Net increase (decrease) in net assets from capital transactions     (25,287,869)     64,606,732       57,642,297  
Total increase (decrease) in net assets     (14,260,270)     68,438,352       56,474,590  
NET ASSETS                        
Beginning of Period     155,834,739       87,396,387       30,921,797  
End of Period   $ 141,574,469     $ 155,834,739     $ 87,396,387  
CHANGES IN SHARES OUTSTANDING                        
Shares issued     175,000       2,975,000       6,000,000  
Shares redeemed     (1,050,000)     (575,000)     (3,875,000)
Net increase (decrease) in Shares outstanding     (875,000)     2,400,000       2,125,000  
Shares outstanding, Beginning of Period     5,675,000       3,275,000       1,150,000  
Shares outstanding, End of Period     4,800,000       5,675,000       3,275,000  

 

 
+ Effective October 31, 2022, the Fund changed its fiscal year end from September 30 to October 31.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Changes in Net Assets (continued)

 

    AllianzIM U.S. Large Cap Buffer10 Nov ETF     AllianzIM U.S. Large Cap Buffer20 Nov ETF  
    For the Six
Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022*
    For the Six
Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022*
 
OPERATIONS:                                
Net investment income (loss)   $ (54,279)   $     $ (116,234)   $  
Net realized gain (loss)     (73,755)           (120,615)      
Net change in unrealized appreciation (depreciation)     1,209,556       (1,987)     2,471,272       (1,987)
Net increase (decrease) in net assets resulting from operations     1,081,522       (1,987)     2,234,423       (1,987)
DISTRIBUTIONS TO SHAREHOLDERS                                
Distributions from distributable earnings                        
CAPITAL TRANSACTIONS:                                
Proceeds from Shares issued     12,032,769       5,000,000       30,735,578       5,000,000  
Cost of Shares redeemed     (1,292,165)           (3,917,240)      
Net increase (decrease) in net assets from capital transactions     10,740,604       5,000,000       26,818,338       5,000,000  
Total increase (decrease) in net assets     11,822,126       4,998,013       29,052,761       4,998,013  
NET ASSETS                                
Beginning of Period     4,998,013             4,998,013        
End of Period   $ 16,820,139     $ 4,998,013     $ 34,050,774     $ 4,998,013  
CHANGES IN SHARES OUTSTANDING                                
Shares issued     475,000       200,000       1,225,000       200,000  
Shares redeemed     (50,000)           (150,000)      
Net increase (decrease) in Shares outstanding     425,000       200,000       1,075,000       200,000  
Shares outstanding, Beginning of Period     200,000             200,000        
Shares outstanding, End of Period     625,000       200,000       1,275,000       200,000  

 

 

* The Fund commenced operations on October 31, 2022.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Changes in Net Assets (continued)

 

    AllianzIM U.S.
Large Cap
Buffer10
Dec ETF
    AllianzIM U.S.
Large Cap
Buffer20
Dec ETF
 
    For the
Period Ended
April 30, 2023*
(unaudited)
    For the
Period Ended
April 30, 2023*
(unaudited)
 
OPERATIONS:                
Net investment income (loss)   $ (60,295)   $ (297,983)
Net realized gain (loss)     (39,684)     (135,437)
Net change in unrealized appreciation (depreciation)     1,063,222       5,140,108  
Net increase (decrease) in net assets resulting from operations     963,243       4,706,688  
CAPITAL TRANSACTIONS:                
Proceeds from Shares issued     26,602,469       131,339,327  
Cost of Shares redeemed     (10,211,932)     (1,904,075)
Net increase (decrease) in net assets from capital transactions     16,390,537       129,435,252  
Total increase (decrease) in net assets     17,353,780       134,141,940  
NET ASSETS                
Beginning of Period            
End of Period   $ 17,353,780     $ 134,141,940  
CHANGES IN SHARES OUTSTANDING                
Shares issued     1,075,000       5,275,000  
Shares redeemed     (400,000)     (75,000)
Net increase (decrease) in Shares outstanding     675,000       5,200,000  
Shares outstanding, Beginning of Period            
Shares outstanding, End of Period     675,000       5,200,000  

 

 

* The Fund commenced operations on November 30, 2022.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Changes in Net Assets (continued)

 

    AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF  
    For the Six
Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022+
    For the
Period Ended
September 30,
2022*
 
OPERATIONS:                        
Net investment income (loss)   $ (125,579)   $ (16,657)   $ (176,539)
Net realized gain (loss)     (2,485,959)     412,365       26,250  
Net change in unrealized appreciation (depreciation)     5,330,982       659,646       (2,943,737)
Net increase (decrease) in net assets resulting from operations     2,719,444       1,055,354       (3,094,026)
CAPITAL TRANSACTIONS:                        
Proceeds from Shares issued     48,266,394       27,924,835       106,163,793  
Cost of Shares redeemed     (28,565,394)     (27,248,255)     (77,892,933)
Net increase (decrease) in net assets from capital transactions     19,701,000       676,580       28,270,860  
Total increase (decrease) in net assets     22,420,444       1,731,934       25,176,834  
NET ASSETS                        
Beginning of Period     26,908,768       25,176,834        
End of Period   $ 49,329,212     $ 26,908,768     $ 25,176,834  
CHANGES IN SHARES OUTSTANDING                        
Shares issued     2,125,000       1,225,000       4,575,000  
Shares redeemed     (1,250,000)     (1,200,000)     (3,425,000)
Net increase (decrease) in Shares outstanding     875,000       25,000       1,150,000  
Shares outstanding, Beginning of Period     1,175,000       1,150,000        
Shares outstanding, End of Period     2,050,000       1,175,000       1,150,000  

 

 

* The Fund commenced operations on December 31, 2021.
  + Effective October 31, 2022, the Fund changed its fiscal year end from September 30 to October 31.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Statements of Changes in Net Assets (continued)

 

    AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF  
    For the Six
Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022+
    For the
Year Ended
September 30,
2022
 
OPERATIONS:                        
Net investment income (loss)   $ (137,527)   $ (19,159)   $ (240,405)
Net realized gain (loss)     3,395,405       196,496       (1,011,187)
Net change in unrealized appreciation (depreciation)     (141,603)     1,046,978       (9,483)
Net increase (decrease) in net assets resulting from operations     3,116,275       1,224,315       (1,261,075)
CAPITAL TRANSACTIONS:                        
Proceeds from Shares issued     70,476,098       11,960,574       112,883,146  
Cost of Shares redeemed     (37,878,983)     (6,014,250)     (99,872,505)
Net increase (decrease) in net assets from capital transactions     32,597,115       5,946,324       13,010,641  
Total increase (decrease) in net assets     35,713,390       7,170,639       11,749,566  
NET ASSETS                        
Beginning of Period     33,918,261       26,747,622       14,998,056  
End of Period   $ 69,631,651     $ 33,918,261     $ 26,747,622  
CHANGES IN SHARES OUTSTANDING                        
Shares issued     2,725,000       500,000       4,425,000  
Shares redeemed     (1,500,000)     (250,000)     (3,875,000)
Net increase (decrease) in Shares outstanding     1,225,000       250,000       550,000  
Shares outstanding, Beginning of Period     1,400,000       1,150,000       600,000  
Shares outstanding, End of Period     2,625,000       1,400,000       1,150,000  

 

 

+ Effective October 31, 2022, the Fund changed its fiscal year end from September 30 to October 31.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Financial Highlights

 

    AllianzIM U.S. Large Cap Buffer10 Jan ETF  
    For the Six
Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022+
    For the
Year Ended
September 30,
2022
    For the
Period Ended
September 30,
2021*
 
NET ASSET VALUE, Beginning of Period   $ 25.36     $ 23.85     $ 27.37     $ 25.00  
Income (loss) from operations:                                
Net investment income (loss)(a)     (0.09)     (0.02)     (0.19)     (0.15)
Net realized and unrealized gain (loss)     2.02       1.53       (3.33)     2.52  
Total income (loss) from operations     1.93       1.51       (3.52)     2.37  
NET ASSET VALUE, End of Period   $ 27.29     $ 25.36     $ 23.85     $ 27.37  
MARKET PRICE, End of Period   $ 27.23     $ 25.37     $ 23.75     $ 27.39  
NET ASSET VALUE, Total Return(b)     7.59%     6.35%     (12.87)%     9.48%
MARKET PRICE, Total Return(c)     7.37%     6.80%     (13.29)%     9.56%
Net assets, End of Period ($ thousands)   $ 78,450     $ 65,309     $ 60,816     $ 43,109  
Ratios of Average Net Assets                                
Net Expenses     0.74%†     0.74%†     0.74%     0.74%†
Net Investment Income     (0.72)%†     (0.74)%†     (0.74)%     (0.74)%†
Portfolio turnover(d)                        

 

 

* The Fund commenced operations on December 31, 2020.
+ Effective October 31, 2022, the Fund changed its fiscal year end from September 30 to October 31.
Annualized.
(a) Per share amounts have been calculated using the average shares method.
(b) Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(c) Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(d) Portfolio turnover rate is not annualized for periods less than one year and does not include in-kind transactions, if any, from processing creations or redemptions.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Financial Highlights (continued)

 

    AllianzIM U.S. Large Cap Buffer20 Jan ETF  
    For the Six
Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022+
    For the
Year Ended
September 30,
2022
    For the
Period Ended
September 30,
2021*
 
NET ASSET VALUE, Beginning of Period   $ 25.56     $ 24.60     $ 26.22     $ 25.00  
Income (loss) from operations:                                
Net investment income (loss)(a)     (0.10)     (0.02)     (0.19)     (0.14)
Net realized and unrealized gain (loss)     2.44       0.98       (1.43)     1.36  
Total income (loss) from operations     2.34       0.96       (1.62)     1.22  
NET ASSET VALUE, End of Period   $ 27.90     $ 25.56     $ 24.60     $ 26.22  
MARKET PRICE, End of Period   $ 27.85     $ 25.54     $ 24.51     $ 26.26  
NET ASSET VALUE, Total Return(b)     9.15%     3.90%     (6.18)%     4.90%
MARKET PRICE, Total Return(c)     9.05%     4.17%     (6.67)%     5.06%
Net assets, End of Period ($ thousands)   $ 100,447     $ 54,961     $ 54,745     $ 58,350  
Ratios of Average Net Assets                                
Net Expenses     0.74%†     0.74%†     0.74%     0.74%†
Net Investment Income     (0.71)%†     (0.74)%†     (0.74)%     (0.74)%†
Portfolio turnover(d)                        

 

 

* The Fund commenced operations on December 31, 2020.
+ Effective October 31, 2022, the Fund changed its fiscal year end from September 30 to October 31.
Annualized.
(a) Per share amounts have been calculated using the average shares method.
(b) Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(c) Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(d) Portfolio turnover rate is not annualized for periods less than one year and does not include in-kind transactions, if any, from processing creations or redemptions.

 

The accompanying notes are an integral part of the financial statements.

61 

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AIM ETF PRODUCTS TRUST

 

Financial Highlights (continued)

 

    AllianzIM U.S. Large Cap
Buffer10 Feb ETF
    AllianzIM U.S. Large Cap
Buffer20 Feb ETF
    AllianzIM U.S. Large Cap
Buffer10 Mar ETF
    AllianzIM U.S. Large Cap
Buffer20 Mar ETF
 
    For the Six
Months Ended
April 30, 2023*
(unaudited)
    For the Six
Months Ended
April 30, 2023*
(unaudited)
    For the Six
Months Ended
April 30, 2023**
(unaudited)
    For the Six
Months Ended
April 30, 2023**
(unaudited)
 
NET ASSET VALUE, Beginning of Period   $ 25.00     $ 25.00     $ 25.00     $ 25.00  
Income (loss) from operations:                                
Net investment income (loss)(a)     (0.04)     (0.04)     (0.03)     (0.03)
Net realized and unrealized gain (loss)     0.64       0.55       1.07       0.80  
Total income (loss) from operations     0.60       0.51       1.04       0.77  
NET ASSET VALUE, End of Period   $ 25.60     $ 25.51     $ 26.04     $ 25.77  
MARKET PRICE, End of Period   $ 25.59     $ 25.56     $ 26.00     $ 25.74  
NET ASSET VALUE, Total Return(b)     2.41%     2.05%     4.14%     3.07%
MARKET PRICE, Total Return(c)     2.38%     2.24%     4.02%     2.96%
Net assets, End of Period ($ thousands)   $ 32,002     $ 55,490     $ 8,461     $ 28,344  
Ratios of Average Net Assets                                
Net Expenses     0.74%†     0.74%†     0.74%†     0.74%†
Net Investment Income     (0.71)%†     (0.71)%†     (0.74)%†     (0.71)%†
Portfolio turnover(d)                        

 

 

* The Fund commenced operations on January 31, 2023.
** The Fund commenced operations on February 28, 2023.
Annualized.
(a) Per share amounts have been calculated using the average shares method.
(b) Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(c) Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(d) Portfolio turnover rate is not annualized for periods less than one year and does not include in-kind transactions, if any, from processing creations or redemptions.

 

The accompanying notes are an integral part of the financial statements.

62 

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AIM ETF PRODUCTS TRUST

 

Financial Highlights (continued)

 

    AllianzIM U.S. Large Cap Buffer10 Apr ETF  
    For the Six
Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022+
    For the
Year Ended
September 30, 2022
    For the
Year Ended
September 30,
2021
    For the
Period Ended
September 30, 2020*
 
NET ASSET VALUE, Beginning of Period   $ 27.23     $ 25.83     $ 28.06     $ 26.20     $ 25.00  
Income (loss) from operations:                                        
Net investment income (loss)(a)     (0.10)     (0.02)     (0.21)     (0.20)     (0.07)
Net realized and unrealized gain (loss)     2.79       1.42       (2.02)     3.28       1.27  
Total income (loss) from operations     2.69       1.40       (2.23 )     3.08       1.20  
Distributions:                                        
From net realized gains                       (1.22)      
NET ASSET VALUE, End of Period   $ 29.92     $ 27.23     $ 25.83     $ 28.06     $ 26.20  
MARKET PRICE, End of Period   $ 29.87     $ 27.19     $ 25.70     $ 28.04     $ 26.27  
NET ASSET VALUE, Total Return(b)     9.88%     5.41%     (7.94)%     12.13%     4.78%
MARKET PRICE, Total Return(c)     9.86%     5.81%     (8.37)%     11.77%     5.07%
Net assets, End of Period ($ thousands)   $ 39,638     $ 18,377     $ 17,434     $ 15,431     $ 3,274  
Ratios of Average Net Assets                                        
Net Expenses     0.74%†     0.74%†     0.74%     0.74%     0.74%†
Net Investment Income     (0.73)%†     (0.74)%†     (0.74)%     (0.74)%     (0.74)%†
Portfolio turnover(d)                              

 

 

* The Fund commenced operations on May 28, 2020.
+ Effective October 31, 2022, the Fund changed its fiscal year end from September 30 to October 31.
Annualized.
(a) Per share amounts have been calculated using the average shares method.
(b) Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(c) Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(d) Portfolio turnover rate is not annualized for periods less than one year and does not include in-kind transactions, if any, from processing creations or redemptions.

 

The accompanying notes are an integral part of the financial statements.

63 

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AIM ETF PRODUCTS TRUST

 

Financial Highlights (continued)

 

    AllianzIM U.S. Large Cap Buffer20 Apr ETF  
    For the Six
Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022+
    For the
Year Ended
September 30, 2022
    For the
Year Ended
September 30,
2021
    For the
Period Ended
September 30, 2020*
 
NET ASSET VALUE, Beginning of Period   $ 25.98     $ 25.16     $ 26.49     $ 25.69     $ 25.00  
Income (loss) from operations:                                        
Net investment income (loss)(a)     (0.10)     (0.02)     (0.19)     (0.20)     (0.06)
Net realized and unrealized gain (loss)     1.41       0.84       (1.14)     1.70       0.75  
Total income (loss) from operations     1.31       0.82       (1.33)     1.50       0.69  
Distributions:                                        
From net realized gains                       (0.70)      
NET ASSET VALUE, End of Period   $ 27.29     $ 25.98     $ 25.16     $ 26.49     $ 25.69  
MARKET PRICE, End of Period   $ 27.24     $ 25.95     $ 25.05     $ 26.53     $ 25.75  
NET ASSET VALUE, Total Return(b)     5.01%     3.29%     (5.02)%     5.90%     2.78%
MARKET PRICE, Total Return(c)     4.97%     3.62%     (5.57)%     5.81%     3.02%
Net assets, End of Period ($ thousands)   $ 156,999     $ 58,566     $ 57,961     $ 23,281     $ 3,315  
Ratios of Average Net Assets                                        
Net Expenses     0.74%†     0.74%†     0.74%     0.74%     0.74%†
Net Investment Income     (0.73)%†     (0.74)%†     (0.74)%     (0.74)%     (0.74)%†
Portfolio turnover(d)                              

 

 

* The Fund commenced operations on May 28, 2020.
+ Effective October 31, 2022, the Fund changed its fiscal year end from September 30 to October 31.
Annualized.
(a) Per share amounts have been calculated using the average shares method.
(b) Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(c) Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(d) Portfolio turnover rate is not annualized for periods less than one year and does not include in-kind transactions, if any, from processing creations or redemptions.

 

The accompanying notes are an integral part of the financial statements.

64 

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AIM ETF PRODUCTS TRUST

 

Financial Highlights (continued)

 

    AllianzIM U.S. Large Cap
Buffer10 May
ETF
    AllianzIM U.S. Large Cap
Buffer20 May
ETF
 
    For the Six
Months Ended
April 30, 2023*
(unaudited)
    For the Six
Months Ended
April 30, 2023*
(unaudited)
 
NET ASSET VALUE, Beginning of Period   $ 25.00     $ 25.00  
Income (loss) from operations:                
Net investment income (loss)(a)            
Net realized and unrealized gain (loss)     (0.01)     (0.01)
Total income (loss) from operations     (0.01)     (0.01)
NET ASSET VALUE, End of Period   $ 24.99     $ 24.99  
MARKET PRICE, End of Period            
NET ASSET VALUE, Total Return(b)     (0.04)%     (0.04)%
MARKET PRICE, Total Return(c)            
Net assets, End of Period ($ thousands)   $ 4,998     $ 4,998  
Ratios of Average Net Assets                
Net Expenses            
Net Investment Income            
Portfolio turnover(d)            

 

 

* The Fund commenced operations on April 28, 2023.
Annualized.
(a) Per share amounts have been calculated using the average shares method.
(b) Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(c) Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(d) Portfolio turnover rate is not annualized for periods less than one year and does not include in-kind transactions, if any, from processing creations or redemptions.

 

The accompanying notes are an integral part of the financial statements.

65 

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AIM ETF PRODUCTS TRUST

 

Financial Highlights (continued)

 

    AllianzIM U.S. Large Cap Buffer10 Jul ETF  
    For the Six
Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022+
    For the
Year Ended
September 30, 2022
    For the
Year Ended
September 30,
2021
    For the
Period Ended
September 30, 2020*
 
NET ASSET VALUE, Beginning of Period   $ 27.65     $ 26.22     $ 27.87     $ 26.17     $ 25.00  
Income (loss) from operations:                                        
Net investment income (loss)(a)     (0.10)     (0.02)     (0.21)     (0.21)     (0.05)
Net realized and unrealized gain (loss)     2.08       1.45       (1.44)     2.94       1.22  
Total income (loss) from operations     1.98       1.43       (1.65)     2.73       1.17  
Distributions:                                        
From net realized gains                       (1.03 )      
NET ASSET VALUE, End of Period   $ 29.63     $ 27.65     $ 26.22     $ 27.87     $ 26.17  
MARKET PRICE, End of Period   $ 29.60     $ 27.70     $ 26.13     $ 27.85     $ 26.27  
NET ASSET VALUE, Total Return(b)     7.16%     5.47%     (5.92)%     10.64%     4.68%
MARKET PRICE, Total Return(c)     6.84%     6.04%     (6.19)%     10.14%     5.08%
Net assets, End of Period ($ thousands)   $ 57,784     $ 44,935     $ 38,015     $ 32,745     $ 3,271  
Ratios of Average Net Assets                                        
Net Expenses     0.74%†     0.74%†     0.74%     0.74%     0.74%†
Net Investment Income     (0.74)%†     (0.74)%†     (0.74)%     (0.74)%     (0.74)%†
Portfolio turnover(d)                              

 

 

* The Fund commenced operations on June 30, 2020.
+ Effective October 31, 2022, the Fund changed its fiscal year end from September 30 to October 31.
Annualized.
(a) Per share amounts have been calculated using the average shares method.
(b) Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(c) Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(d) Portfolio turnover rate is not annualized for periods less than one year and does not include in-kind transactions, if any, from processing creations or redemptions.

 

The accompanying notes are an integral part of the financial statements.

66 

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AIM ETF PRODUCTS TRUST

 

Financial Highlights (continued)

 

    AllianzIM U.S. Large Cap Buffer20 Jul ETF  
    For the Six
Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022+
    For the
Year Ended
September 30, 2022
    For the
Year Ended
September 30,
2021
    For the
Period Ended
September 30, 2020*
 
NET ASSET VALUE, Beginning of Period   $ 26.70     $ 25.77     $ 26.47     $ 25.68     $ 25.00  
Income (loss) from operations:                                        
Net investment income (loss)(a)     (0.10)     (0.02)     (0.20)     (0.20)     (0.05)
Net realized and unrealized gain (loss)     1.96       0.95       (0.50)     1.57       0.73  
Total income (loss) from operations     1.86       0.93       (0.70)     1.37       0.68  
Distributions:                                        
From net realized gains                       (0.58)      
NET ASSET VALUE, End of Period   $ 28.56     $ 26.70     $ 25.77     $ 26.47     $ 25.68  
MARKET PRICE, End of Period   $ 28.49     $ 26.75     $ 25.76     $ 26.51     $ 25.76  
NET ASSET VALUE, Total Return(b)     6.98%     3.59%     (2.66)%     5.43%     2.72%
MARKET PRICE, Total Return(c)     6.52%     3.82%     (2.83)%     5.23%     3.06%
Net assets, End of Period ($ thousands)   $ 121,388     $ 122,808     $ 112,104     $ 43,021     $ 3,852  
Ratios of Average Net Assets                                        
Net Expenses     0.74%†     0.74%†     0.74%     0.74%     0.74%†
Net Investment Income     (0.74)%†     (0.74)%†     (0.74)%     (0.74)%     (0.74)%†
Portfolio turnover(d)                              

 

 

* The Fund commenced operations on June 30, 2020.
+ Effective October 31, 2022, the Fund changed its fiscal year end from September 30 to October 31.
Annualized.
(a) Per share amounts have been calculated using the average shares method.
(b) Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(c) Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(d) Portfolio turnover rate is not annualized for periods less than one year and does not include in-kind transactions, if any, from processing creations or redemptions.

 

The accompanying notes are an integral part of the financial statements.

67 

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AIM ETF PRODUCTS TRUST

 

Financial Highlights (continued)

 

    AllianzIM U.S. Large Cap Buffer10 Oct ETF  
    For the Six
Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022+
    For the
Year Ended
September 30, 2022
    For the
Year Ended
September 30,
2021
    For the
Period Ended
September 30, 2020*
 
NET ASSET VALUE, Beginning of Period   $ 27.95     $ 26.63     $ 28.80     $ 25.00     $ 25.00  
Income (loss) from operations:                                        
Net investment income (loss)(a)     (0.10)     (0.02)     (0.21)     (0.20)      
Net realized and unrealized gain (loss)     2.69       1.34       (1.96)     4.00        
Total income (loss) from operations     2.59       1.32       (2.17)     3.80        
NET ASSET VALUE, End of Period   $ 30.54     $ 27.95     $ 26.63     $ 28.80     $ 25.00  
MARKET PRICE, End of Period   $ 30.53     $ 28.05     $ 26.71     $ 28.84        
NET ASSET VALUE, Total Return(b)     9.26%     4.97%     (7.54)%     15.23%      
MARKET PRICE, Total Return(c)     8.82%     5.01%     (7.37)%     15.35%      
Net assets, End of Period ($ thousands)   $ 66,428     $ 64,294     $ 43,941     $ 39,606     $ 24,998  
Ratios of Average Net Assets                                        
Net Expenses     0.74%†     0.74%†     0.74%     0.74%      
Net Investment Income     (0.71)%†     (0.72)%†     (0.74)%     (0.74)%      
Portfolio turnover(d)                              

 

 

* The Fund commenced operations on September 30, 2020.
+ Effective October 31, 2022, the Fund changed its fiscal year end from September 30 to October 31.
Annualized.
(a) Per share amounts have been calculated using the average shares method.
(b) Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(c) Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(d) Portfolio turnover rate is not annualized for periods less than one year and does not include in-kind transactions, if any, from processing creations or redemptions.

 

The accompanying notes are an integral part of the financial statements.

68 

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AIM ETF PRODUCTS TRUST

 

Financial Highlights (continued)

 

    AllianzIM U.S. Large Cap Buffer20 Oct ETF  
    For the Six
Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022+
    For the
Year Ended
September 30, 2022
    For the
Year Ended
September 30,
2021
    For the
Period Ended
September 30, 2020*
 
NET ASSET VALUE, Beginning of Period   $ 27.46     $ 26.69     $ 26.89     $ 25.00     $ 25.00  
Income (loss) from operations:                                        
Net investment income (loss)(a)     (0.10)     (0.02)     (0.20)     (0.19)      
Net realized and unrealized gain (loss)     2.13       0.79             2.08        
Total income (loss) from operations     2.03       0.77       (0.20)     1.89        
NET ASSET VALUE, End of Period   $ 29.49     $ 27.46     $ 26.69     $ 26.89     $ 25.00  
MARKET PRICE, End of Period   $ 29.46     $ 27.52     $ 26.75     $ 26.92        
NET ASSET VALUE, Total Return(b)     7.41%     2.90%     (0.75)%     7.57%      
MARKET PRICE, Total Return(c)     7.04%     2.91%     (0.65)%     7.68%      
Net assets, End of Period ($ thousands)   $ 141,574     $ 155,835     $ 87,396     $ 30,922     $ 24,998  
Ratios of Average Net Assets                                        
Net Expenses     0.74%†     0.74%†     0.74%     0.74%      
Net Investment Income     (0.71)%†     (0.72)%†     (0.74)%     (0.74)%      
Portfolio turnover(d)                              

 

 

* The Fund commenced operations on September 30, 2020.
+ Effective October 31, 2022, the Fund changed its fiscal year end from September 30 to October 31.
Annualized.
(a) Per share amounts have been calculated using the average shares method.
(b) Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(c) Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(d) Portfolio turnover rate is not annualized for periods less than one year and does not include in-kind transactions, if any, from processing creations or redemptions.

 

The accompanying notes are an integral part of the financial statements.

69 

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AIM ETF PRODUCTS TRUST

 

Financial Highlights (continued)

 

    AllianzIM U.S. Large Cap
Buffer10 Nov ETF
    AllianzIM U.S. Large Cap
Buffer20 Nov ETF
 
    For the Six
Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022*
    For the Six
Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022*
 
NET ASSET VALUE, Beginning of Period   $ 24.99     $ 25.00     $ 24.99     $ 25.00  
Income (loss) from operations:                                
Net investment income (loss)(a)     (0.09)           (0.09)      
Net realized and unrealized gain (loss)     2.01       (0.01)     1.81       (0.01)
Total income (loss) from operations     1.92       (0.01)     1.72       (0.01)
NET ASSET VALUE, End of Period   $ 26.91     $ 24.99     $ 26.71     $ 24.99  
MARKET PRICE, End of Period   $ 26.91           $ 26.67        
NET ASSET VALUE, Total Return(b)     7.65%     (0.04)%     6.83%     (0.04)%
MARKET PRICE, Total Return(c)     7.62%           6.66%      
Net assets, End of Period ($ thousands)   $ 16,820     $ 4,998     $ 34,051     $ 4,998  
Ratios of Average Net Assets                                
Net Expenses     0.74%†           0.74%†      
Net Investment Income     (0.71)%†           (0.71)%†      
Portfolio turnover(d)                        

 

 

* The Fund commenced operations on October 31, 2022.
Annualized.
(a) Per share amounts have been calculated using the average shares method.
(b) Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(c) Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(d) Portfolio turnover rate is not annualized for periods less than one year and does not include in-kind transactions, if any, from processing creations or redemptions.

 

The accompanying notes are an integral part of the financial statements.

70 

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AIM ETF PRODUCTS TRUST

 

Financial Highlights (continued)

 

    AllianzIM U.S. Large Cap
Buffer10 Dec ETF
    AllianzIM U.S. Large Cap
Buffer20 Dec ETF
 
    For the Six
Months Ended
April 30, 2023*
(unaudited)
    For the Six
Months Ended
April 30, 2023*
(unaudited)
 
NET ASSET VALUE, Beginning of Period   $ 25.00     $ 25.00  
Income (loss) from operations:                
Net investment income (loss)(a)     (0.07)     (0.07)
Net realized and unrealized gain (loss)     0.78       0.87  
Total income (loss) from operations     0.71       0.80  
NET ASSET VALUE, End of Period   $ 25.71     $ 25.80  
MARKET PRICE, End of Period   $ 25.69     $ 25.78  
NET ASSET VALUE, Total Return(b)     2.84%     3.19%
MARKET PRICE, Total Return(c)     2.74%     3.14%
Net assets, End of Period ($ thousands)   $ 17,354     $ 134,142  
Ratios of Average Net Assets                
Net Expenses     0.74%†     0.74%†
Net Investment Income     (0.71)%†     (0.71)%†
Portfolio turnover(d)            

 

 

* The Fund commenced operations on November 30, 2022.
Annualized.
(a) Per share amounts have been calculated using the average shares method.
(b) Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(c) Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(d) Portfolio turnover rate is not annualized for periods less than one year and does not include in-kind transactions, if any, from processing creations or redemptions.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Financial Highlights (continued)

 

    AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF  
    For the Six
Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022+
    For the
Period Ended
September 30,
2022*
 
NET ASSET VALUE, Beginning of Period   $ 22.90     $ 21.89     $ 25.00  
Income (loss) from operations:                        
Net investment income (loss)(a)     (0.08)     (0.01)     (0.13)
Net realized and unrealized gain (loss)     1.24       1.02       (2.98)
Total income (loss) from operations     1.16       1.01       (3.11)
NET ASSET VALUE, End of Period   $ 24.06     $ 22.90     $ 21.89  
MARKET PRICE, End of Period   $ 24.02     $ 22.90     $ 21.88  
NET ASSET VALUE, Total Return(b)     5.07%     4.61%     (12.43)%
MARKET PRICE, Total Return(c)     4.87%     4.70%     (12.50)%
Net assets, End of Period ($ thousands)   $ 49,329     $ 26,909     $ 25,177  
Ratios of Average Net Assets                        
Net Expenses     0.74%†     0.74%†     0.74%†
Net Investment Income     (0.72)%†     (0.74)%†     (0.74)%†
Portfolio turnover(d)                  

 

 

* The Fund commenced operations on December 31, 2021.
+ Effective October 31, 2022, the Fund changed its fiscal year end from September 30 to October 31.
Annualized.
(a) Per share amounts have been calculated using the average shares method.
(b) Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(c) Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(d) Portfolio turnover rate is not annualized for periods less than one year and does not include in-kind transactions, if any, from processing creations or redemptions.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Financial Highlights (continued)

 

    AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF  
    For the Six
Months Ended
April 30, 2023
(unaudited)
    For the
Period Ended
October 31,
2022+
    For the
Year Ended
September 30,
2022
    For the
Period Ended
September 30,
2021*
 
NET ASSET VALUE, Beginning of Period   $ 24.23     $ 23.26     $ 25.00     $ 25.00  
Income (loss) from operations:                                
Net investment income (loss)(a)     (0.09)     (0.01)     (0.19)      
Net realized and unrealized gain (loss)     2.39       0.98       (1.55)     —**
Total income (loss) from operations     2.30       0.97       (1.74)      
NET ASSET VALUE, End of Period   $ 26.53     $ 24.23     $ 23.26     $ 25.00  
MARKET PRICE, End of Period   $ 26.52     $ 24.24     $ 23.32        
NET ASSET VALUE, Total Return(b)     9.49%     4.16%     (6.96)%      
MARKET PRICE, Total Return(c)     9.39%     3.94%     (6.70)%      
Net assets, End of Period ($ thousands)   $ 69,632     $ 33,918     $ 26,748     $ 14,998  
Ratios of Average Net Assets                                
Net Expenses     0.74%†     0.74%†     0.74%      
Net Investment Income     (0.71)%†     (0.72)%†     (0.74)%      
Portfolio turnover(d)                        

 

 

* The Fund commenced operations on September 30, 2021.
** Rounds to less than $0.005.
+ Effective October 31, 2022, the Fund changed its fiscal year end from September 30 to October 31.
Annualized.
(a) Per share amounts have been calculated using the average shares method.
(b) Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(c) Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(d) Portfolio turnover rate is not annualized for periods less than one year and does not include in-kind transactions, if any, from processing creations or redemptions.

 

The accompanying notes are an integral part of the financial statements.

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AIM ETF PRODUCTS TRUST

 

Notes to Financial Statements

April 30, 2023 (unaudited)

 

 

NOTE 1 – ORGANIZATION

The AIM ETF Products Trust (the ‘‘Trust’’) is a Delaware statutory trust organized on December 17, 2019. The Trust is an open-end management investment company, registered under the Investment Company Act of 1940, as amended (the ‘‘1940 Act’’). The Trust currently offers shares of twenty separate series: AllianzIM U.S. Large Cap Buffer10 Jan ETF, AllianzIM U.S. Large Cap Buffer20 Jan ETF, AllianzIM U.S. Large Cap Buffer10 Feb ETF, AllianzIM U.S. Large Cap Buffer20 Feb ETF, AllianzIM U.S. Large Cap Buffer10 Mar ETF , AllianzIM U.S. Large Cap Buffer20 Mar ETF, AllianzIM U.S. Large Cap Buffer10 Apr ETF, AllianzIM U.S. Large Cap Buffer20 Apr ETF, AllianzIM U.S. Large Cap Buffer10 May ETF, AllianzIM U.S. Large Cap Buffer20 May ETF, AllianzIM U.S. Large Cap Buffer10 Jul ETF, AllianzIM U.S. Large Cap Buffer20 Jul ETF, AllianzIM U.S. Large Cap Buffer10 Oct ETF, AllianzIM U.S. Large Cap Buffer20 Oct ETF, AllianzIM U.S. Large Cap Buffer10 Nov ETF, AllianzIM U.S. Large Cap Buffer20 Nov ETF, AllianzIM U.S. Large Cap Buffer10 Dec ETF, AllianzIM U.S. Large Cap Buffer20 Dec ETF, AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF and AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (each, a ‘‘Fund’’ and collectively, the ‘‘Funds’’). AllianzIM U.S. Large Cap Buffer10 Dec ETF and AllianzIM U.S. Large Cap Buffer20 Dec ETF commenced operations on November 30, 2022. AllianzIM U.S. Large Cap Buffer10 Feb ETF and AllianzIM U.S. Large Cap Buffer20 Feb ETF commenced operations on January 31, 2023. AllianzIM U.S. Large Cap Buffer10 Mar ETF and AllianzIM U.S. Large Cap Buffer20 Mar ETF commenced operations on February 28, 2023. AllianzIM U.S. Large Cap Buffer10 May ETF and AllianzIM U.S. Large Cap Buffer20 May ETF commenced operations on April 28, 2023. Each Fund is a non-diversified series of the Trust. The Funds’ investment adviser is Allianz Investment Management LLC (the ‘‘Adviser’’). The Funds’ distributor is Foreside Fund Services, LLC (the ‘‘Distributor’’). Effective October 31, 2022, the Funds changed their fiscal year end from September 30 to October 31, except for the AllianzIM U.S. Large Cap Buffer10 Feb ETF, AllianzIM U.S. Large Cap Buffer20 Feb ETF, AllianzIM U.S. Large Cap Buffer10 Mar ETF , AllianzIM U.S. Large Cap Buffer20 Mar ETF, AllianzIM U.S. Large Cap Buffer10 May ETF, AllianzIM U.S. Large Cap Buffer20 May ETF, AllianzIM U.S. Large Cap Buffer10 Nov ETF and AllianzIM U.S. Large Cap Buffer20 Nov ETF, which already have a fiscal year end of October 31.

Effective January 1, 2023, the investment objectives and investment strategies of AllianzIM U.S. Large Cap Buffer10 Jan ETF, AllianzIM U.S. Large Cap Buffer20 Jan ETF and AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF were revised to change the underlying reference asset of the FLexible EXchange® Options (‘‘FLEX Options’’) in which the Funds invest from the S&P 500® Price Return Index (the ‘‘S&P 500 Price Index’’) to the SPDR® S&P 500® ETF Trust (the ‘‘Underlying ETF’’).

Effective April 1, 2023, the investment objectives and investment strategies of AllianzIM U.S. Large Cap Buffer10 Apr ETF and AllianzIM U.S. Large Cap Buffer20 Apr ETF were revised to change the underlying reference asset of the FLEX Options in which the Funds invest from the S&P 500® Price Index to the Underlying ETF.

AllianzIM U.S. Large Cap Buffer10 Jul ETF seeks to match, at the end of the current Outcome Period (as defined in such Fund’s prospectus), the returns of the S&P 500 Price Index, up to a specified upside Cap, while providing a Buffer against the first 10% of S&P 500 Price Index losses. The Cap and the Buffer will be reduced after taking into account management fees and other Fund fees and expenses.

AllianzIM U.S. Large Cap Buffer20 Jul ETF seeks to match, at the end of the current Outcome Period (as defined in such Fund’s prospectus), the returns of the S&P 500 Price Index, up to a specified upside Cap, while providing a Buffer against the first 20% of S&P 500 Price Index losses. The Cap and the Buffer will be reduced after taking into account management fees and other Fund fees and expenses.

AllianzIM U.S. Large Cap Buffer10 Jan ETF, AllianzIM U.S. Large Cap Buffer10 Feb ETF, AllianzIM U.S. Large Cap Buffer10 Mar ETF, AllianzIM U.S. Large Cap Buffer10 Apr ETF, AllianzIM U.S. Large Cap Buffer10 May ETF, AllianzIM U.S. Large Cap Buffer10 Oct ETF, AllianzIM U.S. Large Cap Buffer10 Nov ETF, AllianzIM U.S. Large Cap Buffer10 Dec ETF, AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF and AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF seek to match, at the end of the current Outcome Period (as defined in such Fund’s prospectus), the share price returns of the Underlying ETF, up to a specified upside Cap, while providing a Buffer against the first 10% of Underlying ETF losses. The Cap and the Buffer will be reduced after taking into account management fees and other Fund fees and expenses.

AllianzIM U.S. Large Cap Buffer20 Jan ETF, AllianzIM U.S. Large Cap Buffer20 Feb ETF, AllianzIM U.S. Large Cap Buffer20 Mar ETF, AllianzIM U.S. Large Cap Buffer20 Apr ETF, AllianzIM U.S. Large Cap Buffer20 May ETF, AllianzIM U.S. Large Cap Buffer20 Oct ETF, AllianzIM U.S. Large Cap Buffer20 Nov ETF and AllianzIM U.S. Large Cap Buffer20 Dec ETF seek to

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Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

 

match, at the end of the current Outcome Period (as defined in such Fund’s prospectus), the share price returns of the Underlying ETF, up to a specified upside Cap, while providing a Buffer against the first 20% of Underlying ETF losses. The Cap and the Buffer will be reduced after taking into account management fees and other Fund fees and expenses.

The Underlying ETF is an exchange-traded unit investment trust that seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index (the “Underlying Index”). The Underlying Index is a large-cap, market-weighted, U.S. equities index. The Underlying ETF seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the Underlying Index, with the weight of each stock in the Underlying ETF’s portfolio substantially corresponding to the weight of such stock in the Underlying Index. The Funds that invest in FLEX Options on the Underlying ETF will not receive or benefit from any dividend payments made by the Underlying ETF.

Each Fund is a separate series of the Trust, and each Share of a Fund represents an equal proportionate interest in the Fund. All consideration received by the Trust for a Fund’s Shares and all assets of a Fund belong solely to that Fund and would be subject to liabilities related thereto.

The net asset value (‘‘NAV’’) is determined as of the close of trading (normally 4:00 p.m., Eastern Time) on each day the New York Stock Exchange (‘‘NYSE’’ or ‘‘Exchange’’) is open for business. NAV is calculated for each Fund by taking the value of the Fund’s total assets, including interest or dividends accrued but not yet collected, less all liabilities, and dividing such amount by the total number of Shares outstanding. The result, rounded to the nearest cent, is the NAV per share. The Board has designated the Adviser to perform each Fund’s fair value determinations in accordance with valuation procedures approved by the Board. The Adviser’s fair valuation process is subject to the oversight of the Board.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accompanying financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (‘‘GAAP’’), which require the use of estimates and assumptions to be made by management. These may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. The following is a summary of significant accounting policies consistently followed by the Funds in preparation of their financial statements.

a.       Basis of Presentation

The financial statements have been prepared in conformity with GAAP as detailed in the Financial Accounting Standards Board’s (‘‘FASB’’) Accounting Standards Codification (‘‘ASC’’). Each Fund is an investment company and follows the accounting and reporting guidance in FASB Accounting Standards Codification Topic 946 ‘‘Financial Services – Investment Companies.’’

b.       Investment Valuation

The Funds’ 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 and the requirements of 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 Funds’ assets using fair value pricing can result in using prices for those assets that may differ from current market valuations.

Options purchased and written by the Funds generally are valued at the last sale price on the principal exchange on which the option is traded, as of the close of the 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 Funds place excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Funds. These are classified as short-term investments in the Funds’ 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

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Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

 

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 NAV 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 Funds’ 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.

The following tables summarize the valuation of the Funds’ assets and liabilities under the fair value hierarchy levels as of April 30, 2023:

AllianzIM U.S. Large Cap Buffer10 Jan ETF

 

    Level 1   Level 2   Level 3   Total
Assets                                
Option Purchased - Calls   $     $ 77,804,733     $     $ 77,804,733  
Option Purchased - Puts           2,274,385             2,274,385  
Short-Term Investments                                
Time Deposits     541,971                   541,971  
Total Assets   $ 541,971     $ 80,079,118     $     $ 80,621,089  
Liabilities                                
Call Options Written   $     $ (763,180)   $     $ (763,180)
Put Options Written           (1,224,672)           (1,224,672)
Total Liabilities   $     $ (1,987,852)   $     $ (1,987,852)

 

AllianzIM U.S. Large Cap Buffer20 Jan ETF                  

 

    Level 1   Level 2   Level 3   Total
Assets                                
Option Purchased - Calls   $     $ 101,414,521     $     $ 101,414,521  
Option Purchased - Puts           2,968,596             2,968,596  
Short-Term Investments                                
Time Deposits     731,144                   731,144  
Total Assets   $ 731,144     $ 104,383,117     $     $ 105,114,261  
Liabilities                                
Call Options Written   $     $ (3,562,241)   $     $ (3,562,241)
Put Options Written           (874,036)           (874,036)
Total Liabilities   $     $ (4,436,277)   $     $ (4,436,277)

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Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

 

AllianzIM U.S. Large Cap Buffer10 Feb ETF

 

    Level 1   Level 2   Level 3   Total
Assets                                
Option Purchased - Calls   $     $ 31,409,836     $     $ 31,409,836  
Option Purchased - Puts           1,416,360             1,416,360  
Short-Term Investments                                
Time Deposits     217,914                   217,914  
Total Assets   $ 217,914     $ 32,826,196     $     $ 33,044,110  
Liabilities                                
Call Options Written   $     $ (213,720)   $     $ (213,720)
Put Options Written           (774,545)           (774,545)
Total Liabilities   $     $ (988,265)   $     $ (988,265)

 

AllianzIM U.S. Large Cap Buffer20 Feb ETF

 

    Level 1   Level 2   Level 3   Total
Assets                                
Option Purchased - Calls   $     $ 54,604,697     $     $ 54,604,697  
Option Purchased - Puts           2,465,375             2,465,375  
Short-Term Investments                                
Time Deposits     416,954                   416,954  
Total Assets   $ 416,954     $ 57,070,072     $     $ 57,487,026  
Liabilities                                
Call Options Written   $     $ (1,195,799)   $     $ (1,195,799)
Put Options Written           (718,076)           (718,076)
Total Liabilities   $     $ (1,913,875)   $     $ (1,913,875)

 

AllianzIM U.S. Large Cap Buffer10 Mar ETF

 

    Level 1   Level 2   Level 3   Total
Assets                                
Option Purchased - Calls   $     $ 8,380,410     $     $ 8,380,410  
Option Purchased - Puts           345,329             345,329  
Total Assets   $     $ 8,725,739     $     $ 8,725,739  
Liabilities                                
Call Options Written   $     $ (117,246)   $     $ (117,246)
Put Options Written           (195,756)           (195,756)
Total Liabilities   $     $ (313,002)   $     $ (313,002)

 

AllianzIM U.S. Large Cap Buffer20 Mar ETF

 

    Level 1   Level 2   Level 3   Total
Assets                                
Option Purchased - Calls   $     $ 28,368,103     $     $ 28,368,103  
Option Purchased - Puts           1,170,362             1,170,362  
Short-Term Investments                                
Time Deposits     196,358                   196,358  
Total Assets   $ 196,358     $ 29,538,465     $     $ 29,734,823  
Liabilities                                
Call Options Written   $     $ (994,932)   $     $ (994,932)
Put Options Written           (367,452)           (367,452)
Total Liabilities   $     $ (1,362,384)   $     $ (1,362,384)

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Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

 

AllianzIM U.S. Large Cap Buffer10 Apr ETF

 

    Level 1   Level 2   Level 3   Total
Assets                                
Option Purchased - Calls   $     $ 38,903,768     $     $ 38,903,768  
Option Purchased - Puts           2,071,156             2,071,156  
Short-Term Investments                                
Time Deposits     313,260                   313,260  
Total Assets   $ 313,260     $ 40,974,924     $     $ 41,288,184  
Liabilities                                
Call Options Written   $     $ (439,157)   $     $ (439,157)
Put Options Written           (1,192,088)           (1,192,088)
Total Liabilities   $     $ (1,631,245)   $     $ (1,631,245)

 

AllianzIM U.S. Large Cap Buffer20 Apr ETF

 

    Level 1   Level 2   Level 3   Total
Assets                                
Option Purchased - Calls   $     $ 154,622,924     $     $ 154,622,924  
Option Purchased - Puts     8,290,464                   8,290,464  
Short-Term Investments                                
Time Deposits     1,162,875                   1,162,875  
Total Assets   $ 9,453,339     $ 154,622,924     $     $ 164,076,263  
Liabilities                                
Call Options Written   $     $ (4,404,916)   $     $ (4,404,916)
Put Options Written     (2,596,464)                 (2,596,464)
Total Liabilities   $ (2,596,464)   $ (4,404,916)   $     $ (7,001,380)

 

AllianzIM U.S. Large Cap Buffer10 May ETF

 

    Level 1   Level 2   Level 3   Total
Assets                                
Option Purchased - Calls   $ 4,881,480     $     $     $ 4,881,480  
Option Purchased - Puts     294,600                   294,600  
Total Assets   $ 5,176,080     $     $     $ 5,176,080  
Liabilities                                
Call Options Written   $ (48,600)   $     $     $ (48,600)
Put Options Written     (173,280)                 (173,280)
Total Liabilities   $ (221,880)   $     $     $ (221,880)

 

AllianzIM U.S. Large Cap Buffer20 May ETF

 

    Level 1   Level 2   Level 3   Total
Assets                                
Option Purchased - Calls   $ 4,881,000     $     $     $ 4,881,000  
Option Purchased - Puts     294,960                   294,960  
Total Assets   $ 5,175,960     $     $     $ 5,175,960  
Liabilities                                
Call Options Written   $ (125,880)   $     $     $ (125,880)
Put Options Written     (96,360)                 (96,360)
Total Liabilities   $ (222,240)   $     $     $ (222,240)

78 

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AIM ETF PRODUCTS TRUST

 

Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

 

AllianzIM U.S. Large Cap Buffer10 Jul ETF

 

    Level 1   Level 2   Level 3   Total
Assets                                
Option Purchased - Calls   $     $ 47,913,247     $     $ 47,913,247  
Option Purchased - Puts           10,283,006             10,283,006  
Short-Term Investments                                
Time Deposits     25,856                   25,856  
Total Assets   $ 25,856     $ 58,196,253     $     $ 58,222,109  
Liabilities                                
Call Options Written   $     $ (19,918)   $     $ (19,918)
Put Options Written           (129,605)           (129,605)
Total Liabilities   $     $ (149,523)   $     $ (149,523)

 

AllianzIM U.S. Large Cap Buffer20 Jul ETF

 

    Level 1   Level 2   Level 3   Total
Assets                                
Option Purchased - Calls   $     $ 101,578,413     $     $ 101,578,413  
Option Purchased - Puts           21,803,965             21,803,965  
Short-Term Investments                                
Time Deposits     7,712                   7,712  
Total Assets   $ 7,712     $ 123,382,378     $     $ 123,390,090  
Liabilities                                
Call Options Written   $     $ (1,124,167)   $     $ (1,124,167)
Put Options Written           (159,728)           (159,728)
Total Liabilities   $     $ (1,283,895)   $     $ (1,283,895)

 

AllianzIM U.S. Large Cap Buffer10 Oct ETF

 

    Level 1   Level 2   Level 3   Total
Assets                                
Option Purchased - Calls   $     $ 66,565,355     $     $ 66,565,355  
Option Purchased - Puts           779,339             779,339  
Short-Term Investments                                
Time Deposits     428,679                   428,679  
Total Assets   $ 428,679     $ 67,344,694     $     $ 67,773,373  
Liabilities                                
Call Options Written   $     $ (665,247)   $     $ (665,247)
Put Options Written           (401,267)           (401,267)
Total Liabilities   $     $ (1,066,514)   $     $ (1,066,514)

 

AllianzIM U.S. Large Cap Buffer20 Oct ETF

 

    Level 1   Level 2   Level 3   Total
Assets                                
Option Purchased - Calls   $     $ 147,152,120     $     $ 147,152,120  
Option Purchased - Puts           1,725,763             1,725,763  
Short-Term Investments                                
Time Deposits     968,305                   968,305  
Total Assets   $ 968,305     $ 148,877,883     $     $ 149,846,188  
Liabilities                                
Call Options Written   $     $ (7,114,946)   $     $ (7,114,946)
Put Options Written           (503,403)           (503,403)
Total Liabilities   $     $ (7,618,349)   $     $ (7,618,349)

79 

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AIM ETF PRODUCTS TRUST

 

Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

 

AllianzIM U.S. Large Cap Buffer10 Nov ETF

 

    Level 1   Level 2   Level 3   Total
Assets                                
Option Purchased - Calls   $     $ 16,573,611     $     $ 16,573,611  
Option Purchased - Puts           404,250             404,250  
Short-Term Investments                                
Time Deposits     132,705                   132,705  
Total Assets   $ 132,705     $ 16,977,861     $     $ 17,110,566  
Liabilities                                
Call Options Written   $     $ (33,516)   $     $ (33,516)
Put Options Written           (200,836)           (200,836)
Total Liabilities   $     $ (234,352)   $     $ (234,352)

 

AllianzIM U.S. Large Cap Buffer20 Nov ETF

 

    Level 1   Level 2   Level 3   Total
Assets                                
Option Purchased - Calls   $     $ 33,841,417     $     $ 33,841,417  
Option Purchased - Puts           826,708             826,708  
Short-Term Investments                                
Time Deposits     250,602                   250,602  
Total Assets   $ 250,602     $ 34,668,125     $     $ 34,918,727  
Liabilities                                
Call Options Written   $     $ (535,408)   $     $ (535,408)
Put Options Written           (212,570)           (212,570)
Total Liabilities   $     $ (747,978)   $     $ (747,978)

 

AllianzIM U.S. Large Cap Buffer10 Dec ETF

 

    Level 1   Level 2   Level 3   Total
Assets                                
Option Purchased - Calls   $     $ 16,984,992     $     $ 16,984,992  
Option Purchased - Puts           661,746             661,746  
Short-Term Investments                                
Time Deposits     133,332                   133,332  
Total Assets   $ 133,332     $ 17,646,738     $     $ 17,780,070  
Liabilities                                
Call Options Written   $     $ (29,783)   $     $ (29,783)
Put Options Written           (334,260)           (334,260)
Total Liabilities   $     $ (364,043)   $     $ (364,043)

 

AllianzIM U.S. Large Cap Buffer20 Dec ETF

 

    Level 1   Level 2   Level 3   Total
Assets                                
Option Purchased - Calls   $     $ 130,739,282     $     $ 130,739,282  
Option Purchased - Puts           5,100,921             5,100,921  
Short-Term Investments                                
Time Deposits     959,516                   959,516  
Total Assets   $ 959,516     $ 135,840,203     $     $ 136,799,719  
Liabilities                                
Call Options Written   $     $ (1,053,973)   $     $ (1,053,973)
Put Options Written           (1,296,822)           (1,296,822)
Total Liabilities   $     $ (2,350,795)   $     $ (2,350,795)

80 

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AIM ETF PRODUCTS TRUST

 

Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

 

AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF

 

    Level 1   Level 2   Level 3   Total
Assets                                
Option Purchased - Calls   $     $ 49,619,020     $     $ 49,619,020  
Option Purchased - Puts           332,146             332,146  
Short-Term Investments                                
Time Deposits     335,311                   335,311  
Total Assets   $ 335,311     $ 49,951,166     $     $ 50,286,477  
Liabilities                                
Call Options Written   $     $ (762,777)   $     $ (762,777)
Put Options Written           (100,160)           (100,160)
Total Liabilities   $     $ (862,937)   $     $ (862,937)

 

AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF

 

    Level 1   Level 2   Level 3   Total
Assets                                
Option Purchased - Calls   $     $ 68,881,848     $     $ 68,881,848  
Option Purchased - Puts           2,298,660             2,298,660  
Short-Term Investments                                
Time Deposits     502,970                   502,970  
Total Assets   $ 502,970     $ 71,180,508     $     $ 71,683,478  
Liabilities                                
Call Options Written   $     $ (1,003,111)   $     $ (1,003,111)
Put Options Written           (1,012,637)           (1,012,637)
Total Liabilities   $     $ (2,015,748)   $     $ (2,015,748)

 

c.       Derivatives

FLEX Options - Each Fund intends to invest substantially all of its assets in FLEX Options on either the S&P 500 Price Index or the Underlying ETF (as described above). FLEX Options are customizable exchange-traded option contracts guaranteed for settlement by the Options Clearing Corporation (‘‘OCC’’), a market clearinghouse.

Options on an Index or ETF - The FLEX Options in which each Fund invests are both purchased and written put and call options on either the S&P 500 Price Index or the Underlying ETF. The Funds may also invest in other types of options. In general, an options contract is an agreement between a buyer and seller that gives the purchaser of the option the right, but not the obligation, to buy (in the case of a call option) or sell (in the case of a put option) a particular asset at a specified future date at an agreed upon price.

The Funds purchase and sell call and put FLEX Options. In general, put options give the holder (i.e., the buyer) the right, but not the obligation, to sell an asset (or, in the case of certain put options, to receive a cash settlement equal to the amount by which the strike price of the option exceeds the value of the asset, times a specified multiple) and the seller (i.e., the writer) of the put has the obligation to buy the asset (or, in the case of an certain put options, to deliver a cash settlement equal to the amount by which the strike price of the option exceeds the value of the asset, times a specified multiple) at a certain defined price. Call options give the holder (i.e., the buyer) the right, but not the obligation, to buy an asset (or, in the case of certain call options, to receive a cash settlement equal to the amount by which the value of the asset exceeds the strike price of the option, times a specified multiple) and the seller (i.e., the writer) the obligation to sell the asset (or, in the case of certain call options, to deliver a cash settlement equal to the amount by which the value of the asset exceeds the strike price of the option, times a specified multiple) at a certain defined price.

81 

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AIM ETF PRODUCTS TRUST

 

Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

 

d. Summary of Derivatives Information

The following tables present the value of derivatives held as of April 30, 2023, by the primary underlying risk exposure and respective location in the Statements of Assets and Liabilities:

AllianzIM U.S. Large Cap Buffer10 Jan ETF

 
Derivative Contracts   Statements of Assets and Liabilities Location
    Investments, at value   Options Contracts Written, at value
Gross Assets:                
Equity contracts   $ 80,079,118     $  
Gross Liabilities:                
Equity contracts   $     $ (1,987,852 )

 

AllianzIM U.S. Large Cap Buffer20 Jan ETF  

 
Derivative Contracts   Statements of Assets and Liabilities Location
    Investments, at value   Options Contracts Written, at value
Gross Assets:                
Equity contracts   $ 104,383,117     $  
Gross Liabilities:                
Equity contracts   $     $ (4,436,277 )

 

AllianzIM U.S. Large Cap Buffer10 Feb ETF

 
Derivative Contracts   Statements of Assets and Liabilities Location
    Investments, at value   Options Contracts Written, at value
Gross Assets:                
Equity contracts   $ 32,826,196     $  
Gross Liabilities:                
Equity contracts   $     $ (988,265 )

 

AllianzIM U.S. Large Cap Buffer20 Feb ETF

 
Derivative Contracts   Statements of Assets and Liabilities Location
    Investments, at value   Options Contracts Written, at value
Gross Assets:                
Equity contracts   $ 57,070,072     $  
Gross Liabilities:                
Equity contracts   $     $ (1,913,875 )

 

AllianzIM U.S. Large Cap Buffer10 Mar ETF

 
Derivative Contracts   Statements of Assets and Liabilities Location
    Investments, at value   Options Contracts Written, at value
Gross Assets:                 
Equity contracts   $ 8,725,739     $  
Gross Liabilities:                
Equity contracts   $     $ (313,002 )

82 

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AIM ETF PRODUCTS TRUST

 

Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

 

AllianzIM U.S. Large Cap Buffer20 Mar ETF

 
Derivative Contracts   Statements of Assets and Liabilities Location
    Investments, at value   Options Contracts Written, at value
Gross Assets:                
Equity contracts   $ 29,538,465     $  
Gross Liabilities:                
Equity contracts   $     $ (1,362,384 )

 

AllianzIM U.S. Large Cap Buffer10 Apr ETF

 
Derivative Contracts   Statements of Assets and Liabilities Location
    Investments, at value   Options Contracts Written, at value
Gross Assets:                
Equity contracts   $ 40,974,924     $  
Gross Liabilities:                
Equity contracts   $     $ (1,631,245 )

 

AllianzIM U.S. Large Cap Buffer20 Apr ETF

 
Derivative Contracts   Statements of Assets and Liabilities Location
    Investments, at value   Options Contracts Written, at value
Gross Assets:                
Equity contracts   $ 162,913,388     $  
Gross Liabilities:                
Equity contracts   $     $ (7,001,380 )

 

AllianzIM U.S. Large Cap Buffer10 May ETF

 
Derivative Contracts   Statements of Assets and Liabilities Location
    Investments, at value   Options Contracts Written, at value
Gross Assets:                
Equity contracts   $ 5,176,080     $  
Gross Liabilities:                
Equity contracts   $     $ (221,880 )

 

AllianzIM U.S. Large Cap Buffer20 May ETF

 
Derivative Contracts   Statements of Assets and Liabilities Location
    Investments, at value   Options Contracts Written, at value
Gross Assets:                
Equity contracts   $ 5,175,960     $  
Gross Liabilities:                
Equity contracts   $     $ (222,240 )

 

AllianzIM U.S. Large Cap Buffer10 Jul ETF

 
Derivative Contracts   Statements of Assets and Liabilities Location
    Investments, at value   Options Contracts Written, at value
Gross Assets:                
Equity contracts   $ 58,196,253     $  
Gross Liabilities:                
Equity contracts   $     $ (149,523 )

83 

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AIM ETF PRODUCTS TRUST

 

Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

 

AllianzIM U.S. Large Cap Buffer20 Jul ETF

 
Derivative Contracts   Statements of Assets and Liabilities Location
    Investments, at value   Options Contracts Written, at value
Gross Assets:                
Equity contracts   $ 123,382,378     $  
Gross Liabilities:                
Equity contracts   $     $ (1,283,895 )

 

AllianzIM U.S. Large Cap Buffer10 Oct ETF

 
Derivative Contracts   Statements of Assets and Liabilities Location
    Investments, at value   Options Contracts Written, at value
Gross Assets:                
Equity contracts   $ 67,344,694     $  
Gross Liabilities:                
Equity contracts   $     $ (1,066,514 )

 

AllianzIM U.S. Large Cap Buffer20 Oct ETF

 
Derivative Contracts   Statements of Assets and Liabilities Location
    Investments, at value   Options Contracts Written, at value
Gross Assets:                
Equity contracts   $ 148,877,883     $  
Gross Liabilities:                
Equity contracts   $     $ (7,618,349 )

 

AllianzIM U.S. Large Cap Buffer10 Nov ETF

 
Derivative Contracts   Statements of Assets and Liabilities Location
    Investments, at value   Options Contracts Written, at value
Gross Assets:                
Equity contracts   $ 16,977,861     $  
Gross Liabilities:                
Equity contracts   $     $ (234,352 )

AllianzIM U.S. Large Cap Buffer20 Nov ETF

 
Derivative Contracts   Statements of Assets and Liabilities Location
    Investments, at value   Options Contracts Written, at value
Gross Assets:                
Equity contracts   $ 34,668,125     $  
Gross Liabilities:                
Equity contracts   $     $ (747,978 )

 

AllianzIM U.S. Large Cap Buffer10 Dec ETF

 
Derivative Contracts   Statements of Assets and Liabilities Location
    Investments, at value   Options Contracts Written, at value
Gross Assets:                
Equity contracts   $ 17,646,738     $  
Gross Liabilities:                
Equity contracts   $     $ (364,043 )

84 

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AIM ETF PRODUCTS TRUST

 

Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

 

AllianzIM U.S. Large Cap Buffer20 Dec ETF

 
Derivative Contracts   Statements of Assets and Liabilities Location
    Investments, at value   Options Contracts Written, at value
Gross Assets:                
Equity contracts   $ 135,840,203     $  
Gross Liabilities:                
Equity contracts   $     $ (2,350,795 )

 

AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF

 
Derivative Contracts   Statements of Assets and Liabilities Location
    Investments, at value   Options Contracts Written, at value
Gross Assets:                
Equity contracts   $ 49,951,166     $  
Gross Liabilities:                
Equity contracts   $     $ (862,937 )

 

AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF

 
Derivative Contracts   Statements of Assets and Liabilities Location
    Investments, at value   Options Contracts Written, at value
Gross Assets:                
Equity contracts   $ 71,180,508     $  
Gross Liabilities:                
Equity contracts   $     $ (2,015,748 )

 

The following tables present the effect of derivatives in the Statements of Operations for the period ended April 30, 2023, by primary underlying risk exposure:

AllianzIM U.S. Large Cap Buffer10 Jan ETF

Derivative Contracts   Options Contracts Purchased   Options Contracts Written
Amount of Net Realized Gain (Loss) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ (22,381,304 )   $ (1,773,352 )
Amount of Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 26,441,654     $ 3,792,891  

 

AllianzIM U.S. Large Cap Buffer20 Jan ETF

Derivative Contracts   Options Contracts Purchased   Options Contracts Written
Amount of Net Realized Gain (Loss) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ (20,496,975 )   $ 1,792,633  
Amount of Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 24,930,058     $ 511,604  

85 

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AIM ETF PRODUCTS TRUST

 

Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

 

AllianzIM U.S. Large Cap Buffer10 Feb ETF

 

Derivative Contracts   Options Contracts Purchased   Options Contracts Written
Amount of Net Realized Gain (Loss) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ (89,537 )   $ (1,784 )
Amount of Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 183,496     $ 428,917  

 

AllianzIM U.S. Large Cap Buffer20 Feb ETF

 

Derivative Contracts   Options Contracts Purchased   Options Contracts Written
Amount of Net Realized Gain (Loss) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 342     $ (101 )
Amount of Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 482,696     $ 588,078  

 

AllianzIM U.S. Large Cap Buffer10 Mar ETF

 

Derivative Contracts   Options Contracts Purchased   Options Contracts Written
Amount of Net Realized Gain (Loss) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $     $  
Amount of Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 280,126     $ 60,861  

 

AllianzIM U.S. Large Cap Buffer20 Mar ETF

 

Derivative Contracts   Options Contracts Purchased   Options Contracts Written
Amount of Net Realized Gain (Loss) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $     $  
Amount of Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 910,117     $ (86,721 )

 

AllianzIM U.S. Large Cap Buffer10 Apr ETF

 

Derivative Contracts   Options Contracts Purchased   Options Contracts Written
Amount of Net Realized Gain (Loss) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ (5,368,830 )   $ 1,146,658  
Amount of Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 5,613,707     $ 465,012  

86 

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AIM ETF PRODUCTS TRUST

 

Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

 

AllianzIM U.S. Large Cap Buffer20 Apr ETF

 

Derivative Contracts   Options Contracts Purchased   Options Contracts Written
Amount of Net Realized Gain (Loss) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ (13,220,162 )   $ 3,278,452  
Amount of Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 14,252,143     $ (199,009 )

 

AllianzIM U.S. Large Cap Buffer10 May ETF

 

Derivative Contracts   Options Contracts Purchased   Options Contracts Written
Amount of Net Realized Gain (Loss) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $     $  
Amount of Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ (924 )   $ (924 )

 

AllianzIM U.S. Large Cap Buffer20 May ETF

 

Derivative Contracts   Options Contracts Purchased   Options Contracts Written
Amount of Net Realized Gain (Loss) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $     $  
Amount of Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ (924 )   $ (924 )

 

AllianzIM U.S. Large Cap Buffer10 Jul ETF

 

Derivative Contracts   Options Contracts Purchased   Options Contracts Written
Amount of Net Realized Gain (Loss) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 176,707     $ 83,325  
Amount of Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 443,908     $ 3,174,557  

 

AllianzIM U.S. Large Cap Buffer20 Jul ETF

 

Derivative Contracts   Options Contracts Purchased   Options Contracts Written
Amount of Net Realized Gain (Loss) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 408,714     $ 1,008,082  
Amount of Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 930,871     $ 6,764,035  

87 

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AIM ETF PRODUCTS TRUST

 

Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

 

AllianzIM U.S. Large Cap Buffer10 Oct ETF

 

Derivative Contracts   Options Contracts Purchased   Options Contracts Written
Amount of Net Realized Gain (Loss) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ (95,261 )   $ 89,353  
Amount of Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 2,984,368     $ 3,103,470  

 

AllianzIM U.S. Large Cap Buffer20 Oct ETF

 

Derivative Contracts   Options Contracts Purchased   Options Contracts Written
Amount of Net Realized Gain (Loss) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 29,647     $ (11,697 )
Amount of Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 6,808,240     $ 4,748,870  

 

AllianzIM U.S. Large Cap Buffer10 Nov ETF

 

Derivative Contracts   Options Contracts Purchased   Options Contracts Written
Amount of Net Realized Gain (Loss) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ (89,740 )   $ 15,985  
Amount of Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 502,101     $ 707,455  

 

AllianzIM U.S. Large Cap Buffer20 Nov ETF

 

Derivative Contracts   Options Contracts Purchased   Options Contracts Written
Amount of Net Realized Gain (Loss) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ (185,796 )   $ 65,181  
Amount of Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 1,188,061     $ 1,283,211  

 

AllianzIM U.S. Large Cap Buffer10 Dec ETF

 

Derivative Contracts   Options Contracts Purchased   Options Contracts Written
Amount of Net Realized Gain (Loss) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ (214,180 )   $ 174,496  
Amount of Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 446,775     $ 616,447  

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Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

 

AllianzIM U.S. Large Cap Buffer20 Dec ETF

 

Derivative Contracts   Options Contracts Purchased   Options Contracts Written
Amount of Net Realized Gain (Loss) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ (131,960 )   $ (3,477 )
Amount of Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 1,821,062     $ 3,319,046  

 

AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF

 

Derivative Contracts   Options Contracts Purchased   Options Contracts Written
Amount of Net Realized Gain (Loss) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ (3,163,522 )   $ 677,563  
Amount of Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 4,435,449     $ 895,533  

 

AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF

 

Derivative Contracts   Options Contracts Purchased   Options Contracts Written
Amount of Net Realized Gain (Loss) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ 1,770,091     $ 1,625,314  
Amount of Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in the Statement of Operations                
Equity contracts   $ (759,850 )   $ 618,247  

 

Derivatives Volume

The tables below disclose the monthly average volume of the Funds’ options contracts traded during the period ended April 30, 2023:

    AllianzIM U.S. Large Cap
Buffer10
Jan ETF
  AllianzIM U.S. Large Cap
Buffer20
Jan ETF
  AllianzIM U.S. Large Cap Buffer10
Feb ETF(1)
  AllianzIM U.S. Large Cap Buffer20
Feb ETF(1)
  AllianzIM U.S. Large Cap Buffer10
Mar ETF(2)
Purchased Options:                    
Average Contracts     265       321       125       196       35  
Options Written:                                        
Average Contracts     276       328       125       196       35  

 

 

(1)    Positions were opened for the period January 31, 2023 (commencement of operations) through April 30, 2023.

(2)    Positions were opened for the period February 28, 2023 (commencement of operations) through April 30, 2023.

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Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

 

    AllianzIM U.S. Large Cap Buffer20
Mar ETF(1)
  AllianzIM U.S. Large Cap Buffer10
Apr ETF
  AllianzIM U.S. Large Cap
Buffer20
Apr ETF
  AllianzIM U.S. Large Cap Buffer10
May ETF(2)
  AllianzIM U.S. Large Cap Buffer20
May ETF(2)
Purchased Options:                    
Average Contracts     101       48       188       24       24  
Options Written:                                        
Average Contracts     101       53       207       24       24  

 

    AllianzIM U.S. Large Cap Buffer10
Jul ETF
  AllianzIM U.S. Large Cap Buffer20
Jul ETF
  AllianzIM U.S. Large Cap Buffer10
Oct ETF
  AllianzIM U.S. Large Cap Buffer20
Oct ETF
  AllianzIM U.S. Large Cap Buffer10
Nov ETF
Purchased Options:                    
Average Contracts     111       158       340       812       72  
Options Written:                                        
Average Contracts     139       197       340       812       72  

 

    AllianzIM U.S. Large Cap Buffer20
Nov ETF
 

AllianzIM U.S. Large Cap Buffer10 Dec ETF(3)

 

AllianzIM U.S. Large Cap Buffer20
Dec ETF(3)

  AllianzIM U.S. Large Cap 6 Month
Buffer10
Jan/Jul ETF
  AllianzIM U.S. Large Cap 6 Month
Buffer10
Apr/Oct ETF
Purchased Options:                    
Average Contracts     153       92       450       149       199  
Options Written:                                        
Average Contracts     153       92       450       152       199  

 

 

(1)    Positions were opened for the period February 28, 2023 (commencement of operations) through April 30, 2023.

(2)    Positions were opened for the period April 28, 2023 (commencement of operations) through April 30, 2023.

(3)    Positions were opened for the period November 30, 2022 (commencement of operations) through April 30, 2023.

e.       Securities Transactions and Net Investment Income

Securities transactions are recorded on the trade date. Realized gains (losses) from investment and currency transactions are calculated on the specific identification method. Dividend income is recorded on the ex-date, or for certain foreign securities, when a Fund becomes aware of such dividends. Expenses are recorded on an accrual basis, which may require the use of certain estimates by management that may differ from actual expenses.

f.       Cash Equivalents and Temporary Investments

Each Fund may invest in securities with maturities of less than one year or cash equivalents, including money market funds, or each may hold cash.

g.       Dividend Distributions

The Funds expect to declare and distribute all of their net investment income, if any, to shareholders as dividends at least annually. The Funds may distribute such dividend income and capital gains more frequently, if necessary, in order to reduce or eliminate federal excise or income taxes on the Funds.

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AIM ETF PRODUCTS TRUST

 

Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

 

h.       Reclassification

GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or the NAV per share.

i.       Taxes

It is the Funds’ policy to continue to meet the requirements of the Internal Revenue Code applicable to regulated investment companies and to distribute all of their taxable net investment income and capital gains, if any, to their shareholders. Therefore, no federal income tax provision is required. Withholding taxes on foreign dividends, interest and capital gains, if any, are recorded, net of reclaimable amounts, at the time the related income is earned. Management has reviewed the tax positions and has determined that no provision for income tax is required in the Funds’ financial statements for uncertain tax positions for the tax period ended April 30, 2023 and one month ended October 31, 2022. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Statements of Operations. During the period ended April 30, 2023, the Funds did not incur any interest or penalties.

NOTE 3 – INVESTMENT ADVISORY AND OTHER AGREEMENTS

Investment Adviser

The Adviser, located at 5701 Golden Hills Drive, Minneapolis, Minnesota 55416, furnishes investment management services to the Funds pursuant to an Investment Advisory Agreement with the Trust on behalf of each Fund (the ‘‘Advisory Agreement’’), subject to the supervision and direction of the Board. The Adviser is registered with the Securities and Exchange Commission (‘‘SEC’’) as an investment adviser under the Investment Advisers Act of 1940, as amended.

Pursuant to the Advisory Agreement, each Fund pays the Adviser a unitary management fee for managing the Funds’ assets at the annual rate listed below. This unitary management fee is designed to pay the Funds’ ordinary operating expenses and to compensate the Adviser for the services it provides to the Funds. Under the Advisory Agreement, the Adviser pays all of the ordinary operating expenses of the Funds, excluding (i) the Funds’ management fees, (ii) acquired fund fees and expenses, (iii) payments under the Funds’ Rule 12b-1 plan (if any), (iv) brokerage expenses (including any costs incidental to transactions in portfolio securities or other instruments), (v) taxes, (vi) interest (including borrowing costs and dividend expenses on securities sold short and overdraft charges), (vii) litigation expenses (including litigation to which the Trust or the Funds may be a party and indemnification of the Trustees and officers with respect thereto), and (viii) other non-routine or extraordinary expenses (including expenses arising from mergers, acquisitions or similar transactions involving any Fund).

The fee is equal to the 0.74% annual rate of the average daily net assets of each Fund. Management fees are paid at the end of each outcome period.

Other Funds’ Service Providers

Brown Brothers Harriman & Co. (‘‘BBH’’) is the Funds’ administrator, fund accountant, transfer and dividend agent and custodian. BBH is primarily in the business of providing administrative, fund accounting and transfer agent services to retail and institutional mutual funds and ETFs.

Foreside Fund Services, LLC (the ‘‘Distributor’’), is the distributor for the shares of the Funds. The Distributor is a registered broker-dealer and member of the Financial Industry Regulatory Authority, Inc. (‘‘FINRA’’).

Foreside Fund Officer Services, LLC provides the Funds with a Principal Financial Officer.

Stradley Ronon Stevens and Young, LLP serves as legal counsel to the Trust.

Cohen & Company, Ltd. serves as the Funds’ independent registered public accounting firm. The independent registered public accounting firm is responsible for auditing the annual financial statements of the Funds and performing tax compliance services.

NOTE 4 – PORTFOLIO SECURITIES

There were no aggregate cost of purchases and proceeds from sales of investments (excluding short-term investments) for the reporting period ended April 30, 2023.

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Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

NOTE 5 – PURCHASE AND SALE OF FUND SHARES

The Funds issue and redeem Shares at NAV only with Authorized Participants and only in Creation Units (large blocks of 25,000 Shares) or multiples thereof, generally in exchange for the deposit or delivery of a basket of instruments (including cash in lieu of any portion of such instruments) and/or an amount of cash that each Fund specifies each day. Except when aggregated in Creation Units, the Shares are not redeemable by the Funds.

Individual Shares may be purchased and sold only on a national securities exchange through brokers. Shares will be listed for trading on NYSE Arca, Inc. and because the Shares will trade at market prices rather than NAV, Shares may trade at prices greater than NAV (at a premium), at NAV, or less than NAV (at a discount).

Beneficial Ownership

The beneficial ownership, either directly or indirectly, of more than 25% of the voting securities of a fund creates a presumption of control of the fund under section 2(a)(9) of the 1940 Act. As of April 30, 2023, Allianz Life Insurance Company North America, the parent company of the Adviser (“Allianz Life”), owned more than 25% of the outstanding Shares of AllianzIM U.S. Large Cap Buffer10 Mar ETF, AllianzIM U.S. Large Cap Buffer10 May ETF, AllianzIM U.S. Large Cap Buffer20 May ETF, AllianzIM U.S. Large Cap Buffer10 Nov ETF and AllianzIM U.S. Large Cap Buffer10 Dec ETF.

NOTE 6 – DISTRIBUTIONS AND TAXATION OF THE FUNDS

The Funds intend to elect and qualify each year for treatment as a regulated investment company (“RIC”) under the Internal Revenue Code of 1986, as amended (the “Code”). If the Funds meet certain minimum distribution requirements, a RIC is not subject to tax at the fund level on income and gains from investments that are timely distributed to shareholders. However, a Fund’s failure to qualify as a RIC or to meet minimum distribution requirements would result (if certain relief provisions were not available) in fund-level taxation and, consequently, a reduction in income available for distribution to shareholders.

The Funds may use the utilization of earnings and profits distributed to shareholders on redemption of shares (in lieu of making some cash distributions) in determining the portion of their income and gains that have been distributed. If the Funds use the utilization of earnings and profits distributed to shareholders on redemption of shares, they will allocate a portion of their undistributed investment company taxable income and net capital gains to redemptions of Fund shares and will correspondingly reduce the amount of such income and gains that they distribute in cash. If the IRS determines that the Funds’ allocation is improper and that the Funds have under-distributed their income and gain for any taxable year, the Funds may be liable for federal income and/or excise tax. If, as a result of such adjustment, the Funds fail to satisfy the distribution requirements under the Code as noted above, the Funds will not qualify that year as a RIC.

Distributions to shareholders, which are determined in accordance with federal income tax regulations, and which may differ from GAAP, are recorded on the ex-date. As of October 31, 2022 and September 30, 2022, the following Funds have reclassifications due to permanent book-to-tax differences as a result of net operating losses and the utilization of earnings and profits distributed to shareholders on redemption of shares:

    Paid-in Capital   Total distributable earnings
(accumulated loss)
  Paid-in Capital   Total distributable earnings
(accumulated loss)
    October 31, 2022   September 30, 2022
AllianzIM U.S. Large Cap Buffer10 Jan ETF   $     $     $ (397,641)   $ 397,641  
AllianzIM U.S. Large Cap Buffer20 Jan ETF                 (628,972)     628,972  
AllianzIM U.S. Large Cap Buffer10 Apr ETF                 (115,495)     115,495  
AllianzIM U.S. Large Cap Buffer20 Apr ETF                 (267,414)     267,414  
AllianzIM U.S. Large Cap Buffer10 Jul ETF                 (185,540)     185,540  
AllianzIM U.S. Large Cap Buffer20 Jul ETF     191,107       (191,107)     (273,921)     273,921  
AllianzIM U.S. Large Cap Buffer10 Oct ETF                 (315,852)     315,852  
AllianzIM U.S. Large Cap Buffer20 Oct ETF                 (345,696)     345,696  
AllianzIM U.S. Large Cap Buffer10 Nov ETF                        
AllianzIM U.S. Large Cap Buffer20 Nov ETF                        
AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF                 (176,539)     176,539  
AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF                 (240,405)     240,405  

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Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

There were no distributions paid by the Funds during the year or period ended October 31, 2022 or September 30, 2022.

NOTE 7 – INDEMNIFICATION

The Trust will indemnify its officers and trustees for certain liabilities that may arise from the performance of their duties to the Trust. Additionally, in the normal course of business, the Trust enters into contracts that contain a variety of representations and warranties and which provide general indemnities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Trust expects the risk of loss due to these warranties and indemnities to be remote.

NOTE 8 – RISK OF INVESTING IN THE FUNDS

The Funds’ investment strategy is different from more typical investment products, and the Funds may be unsuitable for some investors. It is important that investors understand the Funds’ investment strategy before making an investment in the Funds. Investors should carefully review the Funds’ investment objectives, strategies and risks included in the Funds’ prospectus before investing. Risks shown below that are applicable to ETFs, such as the Funds, also apply to the Underlying ETF.

FLEX Options Risk

The Funds will utilize FLEX Options issued and guaranteed for settlement by the OCC. The Funds bear the risk that the OCC will be unable or unwilling to perform its obligations under the FLEX Options contracts. In the unlikely event that the OCC becomes insolvent or is otherwise unable to meet its settlement obligations, the Funds could suffer significant losses. The Funds may experience substantial downside from specific FLEX Option positions and certain FLEX Option positions may expire worthless. The value of the underlying FLEX Options will be affected by, among other things, changes in the S&P 500 Price Index’s value or the Underlying ETF’s share price, changes in interest rates, changes in the actual and implied volatility of the S&P 500 Price Index’s value or the Underlying ETF’s share price and the remaining time until the FLEX Options expire. The value of the FLEX Options does not increase or decrease at the same rate as the S&P 500 Price Index’s value or the Underlying ETF’s share price; although they generally move in the same direction, it is possible they may move in different directions.

Underlying ETF Risk

The Funds (other than AllianzIM U.S. Large Cap Buffer10 Jul ETF and AllianzIM U.S. Large Cap Buffer20 Jul ETF) invest in FLEX Options that derive their value from the Underlying ETF, and therefore the Funds’ investment performance largely depends on the investment performance of the Underlying ETF. The value of the Underlying ETF will fluctuate over time based on fluctuations in the values of the securities held by the Underlying ETF, which may be affected by changes in general economic conditions, expectations for future growth and profits, interest rates and the supply and demand for those securities. In addition, ETFs are subject to absence of an active market risk, premium/discount risk, tracking error risk and trading issues risk. Brokerage, tax and other expenses may negatively impact the performance of the Underlying ETF and, in turn, the value of the Funds’ investments. The Underlying ETF seeks to track the Underlying Index but may not exactly match the performance of the Underlying Index due to differences between the portfolio of the Underlying ETF and the components of the Underlying Index, fees and expenses, transaction costs, and other factors.

Market Risk

The Funds could lose money over short periods due to short-term market movements and over longer periods during more prolonged market downturns. Assets may decline in value due to factors affecting financial markets generally or particular asset classes or industries represented in the markets. The value of a FLEX Option or other asset may also decline due to general market conditions, economic trends or events that are not specifically related to the issuer of the security or other asset, or due to factors that affect a particular issuer or issuers, country, group of countries, region, market, industry, group of industries, sector or asset class. During a general market downturn, multiple asset classes may be negatively affected. Changes in market conditions and interest rates will not have the same impact on all types of securities. In addition, unexpected events and their aftermaths, such as pandemics, epidemics or other public health issues; natural, environmental or man-made disasters; financial, political or social disruptions; terrorism and war; and other tragedies or catastrophes, can cause investor fear and panic, which can adversely affect the economies of many companies, sectors, nations, regions and the market in general, in ways that cannot necessarily be foreseen. Any such circumstances could have a materially negative impact on the value of the Funds’ Shares and could result in increased market volatility. During any such events, the Funds’ Shares may trade at increased premiums or discounts to its NAV.

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Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

Buffered Loss Risk

There can be no guarantee that the Funds will be successful in implementing their stated Buffer strategy in an Outcome Period. Despite the intended Buffer, a shareholder may lose their entire investment. If an investor purchases Shares during an Outcome Period after the S&P 500 Price Index’s value or the Underlying ETF’s share price has decreased, the investor may receive less, or none, of the intended benefit of the Buffer. The Funds do not provide principal protection or protection of gains and shareholders could experience significant losses including loss of their entire investment.

Capped Upside Return Risk

The Funds’ strategy seeks to provide returns that match the value of the S&P 500 Price Index or the share price returns of the Underlying ETF at the end of the Outcome Period, subject to each Fund’s stated Cap. The Cap represents the absolute maximum percentage return an investor can achieve from an investment in a Fund held for the entire Outcome Period. In the event that the S&P 500 Price Index or the Underlying ETF experiences gains in excess of a Fund’s stated Cap for the Outcome Period, the Fund will not participate in those gains beyond the Cap. If an investor purchases Shares during an Outcome Period after the S&P 500 Price Index’s value or the Underlying ETF’s share price has increased, the investor may have little or no opportunity for investment gain on their Shares for that Outcome Period due to the effect of the Cap. The Cap will change from one Outcome Period to the next and is unlikely to remain the same for consecutive Outcome Periods and could change significantly from one Outcome Period to another.

Investment Objective and Outcome Period Risk

There can be no guarantee that the Funds will be successful in their strategy to provide shareholders with a return that matches that of the S&P 500 Price Index or share price return of the Underlying ETF at the end of an Outcome Period, subject to the Cap and the Buffer. The Funds’ strategy is designed to produce the outcomes upon the expiration of the FLEX Options on the last business day of the Outcome Period, and it should not be expected that the outcomes will be provided at any point other than the end of the Outcome Period. If an investor purchases or sells Shares during an Outcome Period, the returns realized by the investor will not match those that the Funds seek to achieve for the Outcome Period.

Tax Risk

To maintain its status as a RIC, the Funds must meet certain income, diversification and distributions tests. For purposes of the diversification test, the identification of the issuer (or, in some cases, issuers) of a particular Fund investment can depend on the terms and conditions of that investment. In particular, there is no published IRS guidance or case law on how to determine the “issuer” of certain derivatives that the Funds will enter into. The Funds intend to treat FLEX Options referencing an index as “issued” by the issuer of the securities underlying the index, which would allow the Funds to count the FLEX Options as automatically diversified investments under the Code’s diversification requirements. Based upon the language in the legislative history, the Funds that invest in FLEX Options on the Underlying ETF intend to treat the issuer of the FLEX Options as the referenced asset, which, assuming the referenced asset qualifies as a RIC, would allow such Funds to qualify for special rules in the RIC diversification requirements. In addition, the Funds intend to treat any income they may derive from the FLEX Options as “qualifying income” under the provisions of the Code applicable to RICs. If the income is not qualifying income or if the FLEX Options are not treated as issued by the issuer of the securities underlying the index or issued by the reference asset, as applicable, the Funds may not qualify, or may be disqualified, as a RIC. If the Funds do not qualify as a RIC for any taxable year and certain relief provisions are not available, the Funds’ taxable income will be subject to tax at the Fund level and to a further tax at the shareholder level when such income is distributed. Additionally, if a shareholder purchases Shares after the Outcome Period has begun and shortly thereafter the Funds issue a dividend (commonly known as “buying a dividend”), the entire distribution may be taxable to the shareholder even though a portion of the distribution effectively represents a return of the purchase price.

Valuation Risk

During periods of reduced market liquidity or in the absence of readily available market quotations for the holdings of the Funds, the ability of the Funds to value the FLEX Options becomes more difficult and the judgment of the Adviser or a fair value pricing vendor (in accordance with the fair value procedures approved by the Board of Trustees of the Trust) may play a greater role in the valuation of the Funds’ holdings due to reduced availability of reliable objective pricing data. Consequently, while such determinations will be made in good faith, it may nevertheless be more difficult for the Funds to accurately assign a daily value.

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AIM ETF PRODUCTS TRUST

Notes to Financial Statements

April 30, 2023 (unaudited) (continued)

 

Liquidity Risk

In the event that trading in the underlying FLEX Options is limited or absent, the value of the Funds’ FLEX Options may decrease. There is no guarantee that a liquid secondary trading market will exist for the FLEX Options. The trading in FLEX Options may be less deep and liquid than the market for certain other securities. FLEX Options may be less liquid than certain non-customized options. In a less liquid market for the FLEX Options, the Funds may have difficulty closing out certain FLEX Options positions at desired times and prices. In a less liquid market for the FLEX Options, the liquidation of a large number of options may significantly impact the price of the options. A less liquid trading market may adversely impact the value of the FLEX Options and the value of your investment.

Cash Transactions Risk

The Funds may issue and redeem creation units of their Shares solely or partially for cash, rather than in-kind for securities and portfolio instruments. As a result, an investment in the Funds may be less tax-efficient than an ETF that transacts principally in-kind. To the extent the Funds effect redemptions for cash, it may be required to sell portfolio securities or close derivatives positions in order to obtain the cash needed to distribute redemption proceeds. A sale of Shares may result in capital gains or losses and may also result in higher brokerage costs. Moreover, cash transactions may have to be carried out over several days if the securities market is relatively illiquid and may involve considerable brokerage fees and taxes, which generally will be passed on to purchasers and redeemers of Shares in the form of creation and redemption transaction fees. In addition, these factors may result in wider spreads between the bid and the offered prices of Shares than for other ETFs.

Non-Diversification

The Funds are classified as non-diversified under the 1940 Act. As a result, the Funds are only limited as to the percentage of their assets which may be invested in the securities of any one issuer by the diversification requirements imposed by the Code. The Funds may invest a relatively high percentage of their assets in a limited number of issuers. As a result, the Funds may be more susceptible to a single adverse economic or regulatory occurrence affecting one or more of these issuers, experience increased volatility and be highly invested in certain issuers.

Premium/Discount Risk

The Adviser cannot predict whether Shares will trade on the Exchange below, at or above their NAV because the Shares trade at market prices and not at NAV. Price differences can be especially pronounced during times of market volatility or stress. During these periods, the demand for Shares may decrease considerably and cause the market price of Shares to deviate significantly from the Fund’s NAV.

Active Markets Risk

There can be no assurance that an active trading market for the Shares will develop or be maintained. The Funds face numerous market trading risks, including losses from trading in secondary markets, periods of high volatility and disruption in the creation/redemption process of the Funds.

NOTE 9 – SUBSEQUENT EVENTS

The Funds have evaluated the need for disclosure and/or adjustments resulting from subsequent events through the dates the financial statements were issued. Based on this evaluation, no adjustments were required to the financial statements.

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AIM ETF PRODUCTS TRUST

Disclosure of Fund Expenses

April 30, 2023 (unaudited)

 

Example

As a shareholder of a Fund, you may incur two potential types of costs: (1) transaction costs, such as brokerage commissions for the purchases and sales of your Fund Shares, and (2) ongoing costs, including management fees and other Fund expenses. The following examples are intended to help you understand your ongoing costs (in dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds. The examples are based on an investment of $1,000 invested at the beginning of the period and held for the period from November 1, 2022 until April 30, 2023*.

Actual Expenses

The “Actual” columns in the table below provide information about actual account values and actual expenses. You may use the information in these columns, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number under the heading “Actual Expenses Paid During the Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The “Hypothetical” columns in the table below provide information about hypothetical account values and hypothetical expenses based on the Funds’ actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Funds’ actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare ongoing costs of investing in a Fund to other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds. The expenses shown in the table are meant to highlight ongoing costs only and do not reflect any transaction fees, such as brokerage commissions paid on purchases and sales of Fund shares. Therefore, the numbers under the heading “Hypothetical Expenses Paid During the Six-Month Period” is useful in comparing ongoing costs only, and may not help you determine the relative total costs of owning different funds. If transaction costs were included, your costs would have been higher.

Fund   Beginning Account
Value
11/01/2022
  Actual Ending
Value
4/30/2023
  Actual Expenses Paid During the Period   Hypothetical
Ending Account
Value
4/30/2023
  Hypothetical
Expenses Paid
During the
Six-Month
Period(a)
  Annualized Expense
Ratio
AllianzIM U.S. Large Cap
Buffer10 Jan ETF
  $1,000.00   $ 1,075.88   $3.81      $1,021.12   $3.71   0.74%
AllianzIM U.S. Large Cap
Buffer20 Jan ETF
  $1,000.00   $ 1,091.48   $3.84      $1,021.12   $3.71   0.74%
AllianzIM U.S. Large Cap
Buffer10 Feb ETF
  $1,000.00   $ 1,024.07   $1.83(b)   $1,021.12   $3.71   0.74%
AllianzIM U.S. Large Cap
Buffer20 Feb ETF
  $1,000.00   $ 1,020.51   $1.82(b)   $1,021.12   $3.71   0.74%
AllianzIM U.S. Large Cap
Buffer10 Mar ETF
  $1,000.00   $ 1,041.40   $1.26(c)   $1,021.12   $3.71   0.74%
AllianzIM U.S. Large Cap
Buffer20 Mar ETF
  $1,000.00   $ 1,030.68   $1.26(c)   $1,021.12   $3.71   0.74%
 
* The AllianzIM U.S. Large Cap Buffer10 Feb ETF and AllianzIM U.S. Large Cap Buffer20 Feb ETF commenced operations on January 31, 2023. The AllianzIM U.S. Large Cap Buffer10 Mar ETF and AllianzIM U.S. Large Cap Buffer20 Mar ETF commenced operations on February 28, 2023.
(a) Fund expenses are equal to the annualized expense ratio (provided in the table), multiplied by the average account value over the period, multiplied by the 181 days in the six-month period ended April 30, 2023, and divided by the 365 (to reflect the one-half year period).
(b) Fund expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days (89 days) in the most recent fiscal half-year since commencement of operations, then divided by 365 (to reflect the actual year period).
(c) Fund expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days (61 days) in the most recent fiscal half-year since commencement of operations, then divided by 365 (to reflect the actual year period).

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AIM ETF PRODUCTS TRUST

Disclosure of Fund Expenses

April 30, 2023 (unaudited) (continued)

 

Fund   Beginning Account
Value 11/01/2022
  Actual Ending
Value 4/30/2023
  Actual Expenses Paid During the Period   Hypothetical Ending Account
Value
4/30/2023
  Hypothetical Expenses Paid During the Six-Month Period(a)   Annualized Expense Ratio
AllianzIM U.S. Large Cap
 Buffer10 Apr ETF
  $1,000.00   $1,098.78   $3.85       $1,021.12   $3.71   0.74%
AllianzIM U.S. Large Cap
 Buffer20 Apr ETF
  $1,000.00   $1,050.11   $3.76      $1,021.12   $3.71   0.74%
AllianzIM U.S. Large Cap
 Buffer10 Jul ETF
  $1,000.00   $1,071.61   $3.80      $1,021.12   $3.71   0.74%
AllianzIM U.S. Large Cap
 Buffer20 Jul ETF
  $1,000.00   $1,069.84   $3.80      $1,021.12   $3.71   0.74%
AllianzIM U.S. Large Cap
 Buffer10 Oct ETF
  $1,000.00   $1,092.57   $3.84      $1,021.12   $3.71   0.74%
AllianzIM U.S. Large Cap
 Buffer20 Oct ETF
  $1,000.00   $1,074.10   $3.81      $1,021.12   $3.71   0.74%
AllianzIM U.S. Large Cap
 Buffer10 Nov ETF
  $1,000.00   $1,076.49   $3.81      $1,021.12   $3.71   0.74%
AllianzIM U.S. Large Cap
 Buffer20 Nov ETF
  $1,000.00   $1,068.26   $3.79     $1,021.12   $3.71   0.74%
AllianzIM U.S. Large Cap
 Buffer10 Dec ETF
  $1,000.00   $1,028.37   $3.10(d)   $1,021.12   $3.71   0.74%
AllianzIM U.S. Large Cap
 Buffer20 Dec ETF
  $1,000.00   $1,031.86   $3.11(d)   $1,021.12   $3.71   0.74%
AllianzIM U.S. Large Cap
 6 Month Buffer10 Jan/Jul ETF
  $1,000.00   $1,050.74   $3.76      $1,021.12   $3.71   0.74%
AllianzIM U.S. Large Cap
 6 Month Buffer10 Apr/Oct ETF
  $1,000.00   $1,094.89   $3.84      $1,021.12   $3.71   0.74%
 
* The AllianzIM U.S. Large Cap Buffer10 May ETF and AllianzIM U.S. Large Cap Buffer20 May ETF commenced operations on April 28, 2023. The AllianzIM U.S. Large Cap Buffer10 Dec ETF and AllianzIM U.S. Large Cap Buffer20 Dec ETF commenced operations on November 30, 2022.
(a) Fund expenses are equal to the annualized expense ratio (provided in the table), multiplied by the average account value over the period, multiplied by the 181 days in the six-month period ended April 30, 2023, and divided by the 365 (to reflect the one-half year period).
(d) Fund expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days (151 days) in the most recent fiscal half-year since commencement of operations, then divided by 365 (to reflect the actual year period).

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AIM ETF PRODUCTS TRUST

Other Information (unaudited)

 

Proxy Voting Information

Information regarding how the Funds’ voted proxies related to portfolio securities during the most recent 12-month period ended June 30, 2022 is available without charge and upon request by calling 1-877-429-3837, at www.allianzIMetfs.com or on the Security and Exchange Commission’s (“SEC’s”) website at http://www.sec.gov. Proxies for the Funds’ portfolio securities are voted in accordance with the Adviser’s proxy voting policies and procedures, which are set forth in the Trust’s Statement of Additional Information.

Quarterly Portfolio Holdings Information

The Trust files complete schedules of Fund portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to its report on Form N-PORT. The Forms N-PORT are available on the SEC’s website at http://www.sec.gov or on the Funds’ website at www.allianzIMetfs.com/regulatory-documents/ or by calling 1-877-429-3837.

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AIM ETF PRODUCTS TRUST

Statement Regarding the Trust’s Liquidity Risk Management Program (unaudited)

 

Each series (each such series a “Fund” and, together, the “Funds”) of the AIM ETF Products Trust (the “Trust”) has adopted and implemented a written liquidity risk management program (the “Program”) pursuant to Rule 22e-4 under the Investment Company Act of 1940 (the “Liquidity Rule”). The Program includes policies and procedures reasonably designed to assess and manage each Fund’s liquidity risk (the “risk that a fund could not meet requests to redeem shares issued by the fund without significant dilution of remaining investors’ interests in the fund”) and to comply with the requirements of the Liquidity Rule, including: (i) assessment, management and periodic review of liquidity risk; (ii) classification of portfolio holdings; (iii) establishment of a highly liquid investment minimum (“HLIM”), as applicable; (iv) limitation of illiquid investments; and (v) redemptions in-kind.

The Board of Trustees of each Fund (the “Board”) approved the designation of the individual officers of the Trust who serve as the administrators of the Program (the “Program Administrators”). The Program Administrators oversee the implementation of the Program, including the monitoring of liquidity and liquidity risk for each Fund on an ongoing basis.

At a meeting of the Board held on February 21, 2023, the Program Administrators provided their annual written report (the “Report”) to the Board addressing the operation of the Program and assessing its adequacy and effectiveness of implementation for the annual period from January 1, 2022, through December 31, 2022 (the “Reporting Period”). This Report included an overview of the operation of the Program, including liquidity events relevant to the Funds, if any, during the Reporting Period and conclusions with respect to the adequacy of the policies and procedures of the Program and the effectiveness of Program implementation. The Report also included a summary of the annual assessment of each Fund’s liquidity risk, which took into account the following factors enumerated in the Liquidity Rule and identified in the Program, as applicable:

1) Each Fund’s investment strategy and liquidity of portfolio investments during both normal and reasonably foreseeable stressed conditions, including: (i) whether the Fund’s investment strategy is appropriate for an open-end fund; (ii) the extent to which the Fund’s strategy involves a relatively concentrated portfolio or large positions in particular issuers; (iii) the Fund’s use of borrowings for investment purposes; and (iv) the Fund’s use of derivatives;
2) Short-term and long-term cash flow projections during both normal and reasonably foreseeable stressed conditions;
3) Holdings of cash and cash equivalents, as well as borrowing arrangements and other funding sources; and
4) (i) The relationship between the ETF’s portfolio liquidity and the way in which, and the prices and spreads at which, ETF shares trade, including, the efficiency of the arbitrage function and the level of active participation by market participants (including authorized participants); and (ii) the effect of the composition of baskets on the overall liquidity of the ETF’s portfolio.

Based on the information considered, the Report concluded that each Fund continues to have an investment strategy that is appropriate for an open-end fund, and that each Fund is reasonably likely to be able to meet redemption requests without significant dilution of remaining shareholders’ interests in the Fund. There were no material liquidity matters impacting the Funds identified in the Report, and the Report concluded that the Program operated effectively during the Reporting Period, including during periods of market volatility.

In accordance with the Program, each Fund’s portfolio investments were classified into one of four liquidity categories as provided in the Liquidity Rule as applicable during the Reporting Period. Liquidity classification determinations take into account a variety of factors including market, trading and investment-specific considerations, as well as market depth in accordance with the requirements of the Liquidity Rule and as specified in the Program, and generally incorporate analysis from a third-party data vendor. The Report reviewed the classification methodology as provided in the Program and noted there were no material issues with respect to liquidity classifications during the Reporting Period.

Pursuant to the Liquidity Rule, no Fund may acquire any illiquid investment if, after the acquisition, the Fund would have invested more than 15% of its assets in illiquid investments that are assets. The Program includes provisions reasonably designed to comply with the 15% limit on illiquid investments. During the Reporting Period, no Fund breached the 15% limit on illiquid investments.

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AIM ETF PRODUCTS TRUST

Statement Regarding the Trust’s Liquidity Risk Management Program (unaudited) (continued)

 

During the Reporting Period, no Fund maintained a designated HLIM; each Fund primarily holds assets which are highly liquid investments and, therefore, none of the Funds are required to maintain an HLIM pursuant to the Liquidity Rule or the Program.

In-kind creation unit redemptions, if any, are conducted pursuant to the Fund’s Rule 6c-11 and ETF Basket Policies and Procedures.

On the basis of the review, the Report concluded that: (i) the Program remains reasonably designed to manage each Fund’s liquidity risk; (ii) the Program was implemented and operated effectively to achieve the goal of assessing and managing each Fund’s liquidity risk during the Reporting Period; and (iii) each Fund was able to meet requests for redemption without significant dilution of remaining investors in the Fund during the Reporting Period. The Report noted that there were no material changes to the Program during the Reporting Period, and none were recommended by the Program Administrators in connection with the Report.

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AIM ETF PRODUCTS TRUST

Board Approval of the Investment Advisory Agreement (unaudited)

 

AllianzIM U.S. Large Cap Buffer10 Feb ETF

AllianzIM U.S. Large Cap Buffer20 Feb ETF

AllianzIM U.S. Large Cap Buffer10 Mar ETF

AllianzIM U.S. Large Cap Buffer20 Mar ETF

AllianzIM U.S. Large Cap Buffer10 May ETF

AllianzIM U.S. Large Cap Buffer20 May ETF

AllianzIM U.S. Large Cap Buffer10 Dec ETF

AllianzIM U.S. Large Cap Buffer20 Dec ETF

At an in-person meeting (the “Meeting”) of the Board of Trustees (the “Board”) of AIM ETF Products Trust (the “Trust”) held June 22, 2022, the Board, including those Trustees (the “Independent Trustees”) who are not “interested persons” (as that term is defined in the Investment Company Act of 1940 (the “1940 Act”)) of the Trust, approved the investment advisory agreement (the “Agreement”) between Allianz Investment Management LLC (the “Manager”) and the Trust with respect to each of the AllianzIM U.S. Large Cap Buffer10 Feb ETF, AllianzIM U.S. Large Cap Buffer20 Feb ETF, AllianzIM U.S. Large Cap Buffer10 Mar ETF, AllianzIM U.S. Large Cap Buffer20 Mar ETF, AllianzIM U.S. Large Cap Buffer10 May ETF, AllianzIM U.S. Large Cap Buffer20 May ETF, AllianzIM U.S. Large Cap Buffer10 Dec ETF, and AllianzIM U.S. Large Cap Buffer20 Dec ETF (each, a “Fund”), for an initial two-year term.

Under the Agreement, the Manager is obligated to pay all of the ordinary operating expenses of each Fund, except for certain excluded items (the “Unified Fee”). Information relevant to the approval of the Agreement was presented and considered at the Meeting. In considering approval of the Agreement, the Independent Trustees met in executive session with independent counsel, who provided assistance and advice.

The Board, including the Independent Trustees, evaluated the terms of the Agreement, reviewed information provided by the Manager in connection with the Agreement, and reviewed the duties and responsibilities of the Trustees in evaluating and approving the Agreement. The materials provided for the Meeting included: (i) the form of Agreement; (ii) the Manager’s responses to an information request relating to the Agreement and the services thereunder; (iii) financial information relating to the Manager’s estimated profitability in managing each Fund; (iv) information concerning the business, operations and compliance program of the Manager; and (v) a memorandum from independent counsel regarding the role and responsibilities of trustees in considering the approval of investment advisory arrangements. The Board also considered data provided by the Manager, from an unaffiliated third-party database, comparing the proposed advisory fee and projected expense ratio of each Fund with the fees and expenses of a peer group of similar U.S.-listed buffer ETFs (the “Peer Group”). The Board discussed the criteria used by the Manager for selecting the Peer Group and concluded that the data was useful and reliable for the purpose of reviewing the Agreement.

The Board is aware that various courts have interpreted provisions of the 1940 Act and have indicated in their decisions that the following factors may be relevant to an adviser’s compensation: the nature, extent and quality of the services provided by the adviser, including the performance of the fund; the adviser’s cost of providing the services; the extent to which the adviser may realize “economies of scale” as the fund grows larger; any indirect benefits that may accrue to the adviser and its affiliates as a result of the adviser’s relationship with the fund; performance and expenses of comparable funds; the profitability of acting as adviser to the fund; and the extent to which the independent board members are fully informed about all facts bearing on the adviser’s services and fees. The Board is aware of these factors and took them into account in its review of the Agreement for each Fund.

Shareholder reports are required to include a discussion of certain factors relating to the selection of the investment adviser and the approval of the advisory fee. The “factors” enumerated by the SEC are set forth below with the Board’s conclusions regarding such factors:

(a) The nature, extent and quality of services to be provided to each Fund by the Manager. The Board considered the scope of services to be provided under the Agreement. In considering the nature, extent and quality of the services to be provided by the Manager, the Board reviewed the Manager’s compliance infrastructure and the financial strength and resources of the Manager and its parent organization. The Board also reviewed information regarding the qualifications, background and experience of the investment personnel who will be responsible for the day-to-day management of each Fund, including expertise with hedging strategies and derivatives instruments. The Board considered the Manager’s experience as the investment manager to the other series of the Trust as well as to mutual funds underlying variable

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Board Approval of the Investment Advisory Agreement (unaudited) (continued)

 
    products and other accounts. The Board also considered the services to be provided to each Fund by the Manager, such as implementation of the Fund’s investment strategy, monitoring adherence to the Fund’s investment restrictions, and monitoring compliance with various Fund policies and procedures and with applicable securities regulations. Based on the factors above, as well as those discussed below, the Board concluded that it was satisfied with the nature, extent and quality of the services to be provided to each Fund by the Manager based on its experience, personnel, operations and resources.
     
(b) The cost of services to be provided to each Fund by the Manager, profitability and economies of scale. The Board reviewed the proposed expense ratio and advisory fee to be paid by each Fund and considered the expense ratios and advisory fees of the Peer Group. The Board noted that each Fund’s advisory fee and net expense ratio were lower than the advisory fees and net expense ratios of all but one of the funds included in the Peer Group, but the Board also took into account that the buffer ETF strategy is relatively new and unique and, therefore, that the Peer Group is relatively limited. The Board took into consideration that the advisory fee was a “unified fee,” meaning that the Manager bears all of the ordinary operating expenses of each Fund, except for certain excluded items. The Board concluded that the advisory fee was reasonable.
     
    The Board also evaluated the compensation and benefits expected to be received by the Manager and its affiliates from their relationship with each Fund, taking into account estimates of the Manager’s anticipated profitability. The Board noted that the Manager had borne all of the organizational expenses of each Fund. The Board noted that, because the Funds had not yet commenced operations, it was too early to assess the potential for economies of scale, though the Board determined to address economies of scale when assets under management reached appropriate levels.
     
(c) The investment performance of each Fund and the Manager. The Board noted that there was no prior performance of the Funds to consider, but the Board took into account the Manager’s experience managing the other series of the Trust as well as mutual funds underlying variable products and other accounts. The Board noted that such experience demonstrated the Manager’s ability to effectively manage 1940 Act registered investment companies. After considering all of the information, the Board concluded that each Fund and its shareholders were likely to benefit from the Manager’s management.
     

In conclusion, after full consideration of the above factors, as well as such other factors as each member of the Board considered instructive in evaluating the Agreement, the Board concluded that the advisory fee was reasonable, and that the approval of the Agreement was in the best interest of each Fund. No single factor was determinative to the decision of the Board, and each individual Trustee may have assigned different weights to various factors.

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AIM ETF PRODUCTS TRUST

Investment Adviser

Allianz Investment Management LLC

5701 Golden Hills Drive

Minneapolis, Minnesota 55416

Distributor

Foreside Fund Services, LLC

Three Canal Plaza, Suite 100

Portland, Maine 04101

Administrator, Custodian, Fund Accountant, and Transfer Agent

Brown Brothers Harriman & Co.

50 Post Office Square

Boston, Massachusetts 02110

Legal Counsel

Stradley Ronon Stevens and Young, LLP

2005 Market Street, Suite 2600

Philadelphia, Pennsylvania 19103

Independent Registered Public Accounting Firm

Cohen & Company, Ltd.

1350 Euclid Avenue, Suite 800

Cleveland, Ohio 44115