AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Jan ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 99.6%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 99.6%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
December 2026
 
 
$5.05
 
 
974
 
 
$491,870
 
 
$66,307,338
Total Options Purchased – Calls
(Cost $65,432,876)
 
 
 
 
 
 
 
 
491,870
 
 
66,307,338
OPTION PURCHASED – PUTS(b)(c) – 5.1%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 5.1%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
December 2026
 
 
681.85
 
 
974
 
 
66,412,190
 
 
3,419,958
Total Options Purchased – Puts
(Cost $3,648,338)
 
 
 
 
 
 
 
 
66,412,190
 
 
3,419,958
Total Investments – 104.7%
(Cost $69,081,214)
 
 
 
 
 
 
 
 
 
 
69,727,296
Other assets less liabilities – (4.7)%
 
 
 
 
 
 
 
 
 
 
(3,105,962)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$66,621,334
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
December 2026
 
 
$788.30
 
 
974
 
 
$982,264
 
 
$76,780,420
 
 
$(1,102,519)
 
 
 
 
 
 
 
 
$982,264
 
 
$76,780,420
 
 
$(1,102,519)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
December 2026
 
 
$613.73
 
 
974
 
 
$2,063,230
 
 
$59,777,302
 
 
$(1,961,422)
 
 
 
 
 
 
 
 
$2,063,230
 
 
$59,777,302
 
 
$(1,961,422)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$3,045,494
 
 
$136,557,722
 
 
$(3,063,941)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
1
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Jan ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer10 Jan ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
2
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Jan ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer10 Jan ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$66,307,338
 
 
$—
 
 
$66,307,338
Option Purchased - Puts
 
 
—
 
 
3,419,958
 
 
—
 
 
3,419,958
Total Assets
 
 
$—
 
 
$69,727,296
 
 
$—
 
 
$69,727,296
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(1,102,519)
 
 
$—
 
 
$(1,102,519)
Put Options Written
 
 
—
 
 
(1,961,422)
 
 
—
 
 
(1,961,422)
Total Liabilities
 
 
$—
 
 
$(3,063,941)
 
 
$—
 
 
$(3,063,941)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Feb ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 99.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 99.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
January 2027
 
 
$5.12
 
 
1,446
 
 
$740,352
 
 
$98,427,774
Total Options Purchased – Calls
(Cost $98,433,341)
 
 
 
 
 
 
 
 
740,352
 
 
98,427,774
OPTION PURCHASED – PUTS(b)(c) – 5.8%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 5.8%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
January 2027
 
 
691.90
 
 
1,446
 
 
100,048,740
 
 
5,773,878
Total Options Purchased – Puts
(Cost $5,779,445)
 
 
 
 
 
 
 
 
100,048,740
 
 
5,773,878
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.5%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.5%
 
 
 
 
 
 
 
 
 
 
Australia & New Zealand Banking Group Ltd., London, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$506,048
 
 
506,048
Total Short-Term Investments
(Cost $506,048)
 
 
 
 
 
 
 
 
 
 
506,048
Total Investments – 105.5%
(Cost $104,718,834)
 
 
 
 
 
 
 
 
 
 
104,707,700
Other assets less liabilities – (5.5)%
 
 
 
 
 
 
 
 
 
 
(5,491,500)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$99,216,200
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
January 2027
 
 
$799.02
 
 
1,446
 
 
$1,485,259
 
 
$115,538,292
 
 
$(1,490,826)
 
 
 
 
 
 
 
 
$1,485,259
 
 
$115,538,292
 
 
$(1,490,826)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
January 2027
 
 
$622.77
 
 
1,446
 
 
$3,386,749
 
 
$90,052,542
 
 
$(3,392,316)
 
 
 
 
 
 
 
 
$3,386,749
 
 
$90,052,542
 
 
$(3,392,316)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$4,872,008
 
 
$205,590,834
 
 
$(4,883,142)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
4
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Feb ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer10 Feb ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
5
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Feb ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer10 Feb ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$98,427,774
 
 
$—
 
 
$—
 
 
$98,427,774
Option Purchased - Puts
 
 
5,773,878
 
 
—
 
 
—
 
 
5,773,878
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
506,048
 
 
—
 
 
—
 
 
506,048
Total Assets
 
 
$104,707,700
 
 
$—
 
 
$—
 
 
$104,707,700
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$(1,490,826)
 
 
$—
 
 
$—
 
 
$(1,490,826)
Put Options Written
 
 
(3,392,316)
 
 
—
 
 
—
 
 
(3,392,316)
Total Liabilities
 
 
$(4,883,142)
 
 
$—
 
 
$—
 
 
$(4,883,142)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
6
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Mar ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 102.7%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 102.7%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
February 2026
 
 
$4.40
 
 
365
 
 
$160,600
 
 
$25,094,742
Total Options Purchased – Calls
(Cost $21,402,059)
 
 
 
 
 
 
 
 
160,600
 
 
25,094,742
OPTION PURCHASED – PUTS(b)(c) – 0.1%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.1%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
February 2026
 
 
594.12
 
 
365
 
 
21,685,380
 
 
23,948
Total Options Purchased – Puts
(Cost $1,173,868)
 
 
 
 
 
 
 
 
21,685,380
 
 
23,948
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.7%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.7%
 
 
 
 
 
 
 
 
 
 
JP Morgan Chase & Co.,
New York, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$162,473
 
 
162,473
Total Short-Term Investments
(Cost $162,473)
 
 
 
 
 
 
 
 
 
 
162,473
Total Investments – 103.5%
(Cost $22,738,400)
 
 
 
 
 
 
 
 
 
 
25,281,163
Other assets less liabilities – (3.5)%
 
 
 
 
 
 
 
 
 
 
(835,487)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$24,445,676
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
February 2026
 
 
$682.95
 
 
365
 
 
$298,647
 
 
$24,927,675
 
 
$(671,688)
 
 
 
 
 
 
 
 
$298,647
 
 
$24,927,675
 
 
$(671,688)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
February 2026
 
 
$534.76
 
 
365
 
 
$612,004
 
 
$19,518,740
 
 
$(9,315)
 
 
 
 
 
 
 
 
$612,004
 
 
$19,518,740
 
 
$(9,315)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$910,651
 
 
$44,446,415
 
 
$(681,003)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
7
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Mar ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer10 Mar ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
8
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Mar ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer10 Mar ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$25,094,742
 
 
$—
 
 
$25,094,742
Option Purchased - Puts
 
 
—
 
 
23,948
 
 
—
 
 
23,948
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
162,473
 
 
—
 
 
—
 
 
162,473
Total Assets
 
 
$162,473
 
 
$25,118,690
 
 
$—
 
 
$25,281,163
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(671,688)
 
 
$—
 
 
$(671,688)
Put Options Written
 
 
—
 
 
(9,315)
 
 
—
 
 
(9,315)
Total Liabilities
 
 
$—
 
 
$(681,003)
 
 
$—
 
 
$(681,003)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
9
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Apr ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 108.5%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 108.5%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
$4.14
 
 
663
 
 
$274,482
 
 
$45,484,379
Total Options Purchased – Calls
(Cost $36,318,373)
 
 
 
 
 
 
 
 
274,482
 
 
45,484,379
OPTION PURCHASED – PUTS(b)(c) – 0.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
559.33
 
 
663
 
 
37,083,579
 
 
92,648
Total Options Purchased – Puts
(Cost $2,214,965)
 
 
 
 
 
 
 
 
37,083,579
 
 
92,648
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.6%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.6%
 
 
 
 
 
 
 
 
 
 
JP Morgan Chase & Co.,
New York, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$233,509
 
 
233,509
Total Short-Term Investments
(Cost $233,509)
 
 
 
 
 
 
 
 
 
 
233,509
Total Investments – 109.3%
(Cost $38,766,847)
 
 
 
 
 
 
 
 
 
 
45,810,536
Other assets less liabilities – (9.3)%
 
 
 
 
 
 
 
 
 
 
(3,898,996)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$41,911,540
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
$646.10
 
 
663
 
 
$561,994
 
 
$42,836,430
 
 
$(3,588,501)
 
 
 
 
 
 
 
 
$561,994
 
 
$42,836,430
 
 
$(3,588,501)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
$503.45
 
 
663
 
 
$1,178,940
 
 
$33,378,735
 
 
$(48,174)
 
 
 
 
 
 
 
 
$1,178,940
 
 
$33,378,735
 
 
$(48,174)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,740,934
 
 
$76,215,165
 
 
$(3,636,675)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
10
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Apr ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer10 Apr ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
11
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Apr ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer10 Apr ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$45,484,379
 
 
$—
 
 
$45,484,379
Option Purchased - Puts
 
 
—
 
 
92,648
 
 
—
 
 
92,648
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
233,509
 
 
—
 
 
—
 
 
233,509
Total Assets
 
 
$233,509
 
 
$45,577,027
 
 
$—
 
 
$45,810,536
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(3,588,501)
 
 
$—
 
 
$(3,588,501)
Put Options Written
 
 
—
 
 
(48,174)
 
 
—
 
 
(48,174)
Total Liabilities
 
 
$—
 
 
$(3,636,675)
 
 
$—
 
 
$(3,636,675)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
12
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 May ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 108.6%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 108.6%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
April 2026
 
 
$4.10
 
 
294
 
 
$120,540
 
 
$20,172,014
Total Options Purchased – Calls
(Cost $16,106,125)
 
 
 
 
 
 
 
 
120,540
 
 
20,172,014
OPTION PURCHASED – PUTS(b)(c) – 0.4%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.4%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
April 2026
 
 
554.48
 
 
294
 
 
16,301,712
 
 
72,847
Total Options Purchased – Puts
(Cost $1,092,615)
 
 
 
 
 
 
 
 
16,301,712
 
 
72,847
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.5%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.5%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$85,660
 
 
85,660
Total Short-Term Investments
(Cost $85,660)
 
 
 
 
 
 
 
 
 
 
85,660
Total Investments – 109.5%
(Cost $17,284,400)
 
 
 
 
 
 
 
 
 
 
20,330,521
Other assets less liabilities – (9.5)%
 
 
 
 
 
 
 
 
 
 
(1,751,850)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$18,578,671
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
April 2026
 
 
$651.53
 
 
294
 
 
$302,265
 
 
$19,154,982
 
 
$(1,607,915)
 
 
 
 
 
 
 
 
$302,265
 
 
$19,154,982
 
 
$(1,607,915)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
April 2026
 
 
$499.09
 
 
294
 
 
$621,888
 
 
$14,673,246
 
 
$(40,992)
 
 
 
 
 
 
 
 
$621,888
 
 
$14,673,246
 
 
$(40,992)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$924,153
 
 
$ 33,828,228
 
 
$(1,648,907)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
13
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 May ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer10 May ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
14
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 May ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer10 May ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$20,172,014
 
 
$—
 
 
$20,172,014
Option Purchased - Puts
 
 
—
 
 
72,847
 
 
—
 
 
72,847
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
85,660
 
 
—
 
 
—
 
 
85,660
Total Assets
 
 
$85,660
 
 
$20,244,861
 
 
$—
 
 
$20,330,521
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(1,607,915)
 
 
$—
 
 
$(1,607,915)
Put Options Written
 
 
—
 
 
(40,992)
 
 
—
 
 
(40,992)
Total Liabilities
 
 
$—
 
 
$(1,648,907)
 
 
$—
 
 
$(1,648,907)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
15
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Jun ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 105.3%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 105.3%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
May 2026
 
 
$4.36
 
 
295
 
 
$128,620
 
 
$20,237,746
Total Options Purchased – Calls
(Cost $17,215,855)
 
 
 
 
 
 
 
 
128,620
 
 
20,237,746
OPTION PURCHASED – PUTS(b)(c) – 0.8%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.8%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
May 2026
 
 
589.33
 
 
295
 
 
17,385,235
 
 
160,560
Total Options Purchased – Puts
(Cost $986,436)
 
 
 
 
 
 
 
 
17,385,235
 
 
160,560
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.4%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.4%
 
 
 
 
 
 
 
 
 
 
Skandinaviska Enskilda Banken AB,
Stockholm, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$78,544
 
 
78,544
Total Short-Term Investments
(Cost $78,544)
 
 
 
 
 
 
 
 
 
 
78,544
Total Investments – 106.5%
(Cost $18,280,835)
 
 
 
 
 
 
 
 
 
 
20,476,850
Other assets less liabilities – (6.5)%
 
 
 
 
 
 
 
 
 
 
(1,251,455)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$19,225,395
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
May 2026
 
 
$681.97
 
 
295
 
 
$274,984
 
 
$20,118,115
 
 
$(1,058,932)
 
 
 
 
 
 
 
 
$274,984
 
 
$20,118,115
 
 
$(1,058,932)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
May 2026
 
 
$530.45
 
 
295
 
 
$538,672
 
 
$15,648,275
 
 
$(82,677)
 
 
 
 
 
 
 
 
$538,672
 
 
$15,648,275
 
 
$(82,677)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$813,656
 
 
$35,766,390
 
 
$(1,141,609)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
16
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Jun ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer10 Jun ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
17
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Jun ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer10 Jun ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$20,237,746
 
 
$—
 
 
$20,237,746
Option Purchased - Puts
 
 
—
 
 
160,560
 
 
—
 
 
160,560
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
78,544
 
 
—
 
 
—
 
 
78,544
Total Assets
 
 
$78,544
 
 
$20,398,306
 
 
$—
 
 
$20,476,850
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(1,058,932)
 
 
$—
 
 
$(1,058,932)
Put Options Written
 
 
—
 
 
(82,677)
 
 
—
 
 
(82,677)
Total Liabilities
 
 
$—
 
 
$(1,141,609)
 
 
$—
 
 
$(1,141,609)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Jul ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 102.5%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 102.5%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
June 2026
 
 
$4.57
 
 
1,220
 
 
$557,540
 
 
$83,462,408
Total Options Purchased – Calls
(Cost $74,206,802)
 
 
 
 
 
 
 
 
557,540
 
 
83,462,408
OPTION PURCHASED – PUTS(b)(c) – 1.5%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 1.5%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
June 2026
 
 
617.79
 
 
1,220
 
 
75,370,380
 
 
1,242,033
Total Options Purchased – Puts
(Cost $4,029,656)
 
 
 
 
 
 
 
 
75,370,380
 
 
1,242,033
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.4%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.4%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$287,086
 
 
287,086
Total Short-Term Investments
(Cost $287,086)
 
 
 
 
 
 
 
 
 
 
287,086
Total Investments – 104.4%
(Cost $78,523,544)
 
 
 
 
 
 
 
 
 
 
84,991,527
Other assets less liabilities – (4.4)%
 
 
 
 
 
 
 
 
 
 
(3,516,394)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$81,475,133
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
June 2026
 
 
$712.26
 
 
1,220
 
 
$992,561
 
 
$86,895,720
 
 
$(2,537,856)
 
 
 
 
 
 
 
 
$992,561
 
 
$86,895,720
 
 
$(2,537,856)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
June 2026
 
 
$556.07
 
 
1,220
 
 
$2,233,748
 
 
$67,840,540
 
 
$(623,091)
 
 
 
 
 
 
 
 
$2,233,748
 
 
$67,840,540
 
 
$(623,091)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$3,226,309
 
 
$154,736,260
 
 
$(3,160,947)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
19
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Jul ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer10 Jul ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
20
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Jul ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer10 Jul ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$83,462,408
 
 
$—
 
 
$83,462,408
Option Purchased - Puts
 
 
—
 
 
1,242,033
 
 
—
 
 
1,242,033
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
287,086
 
 
—
 
 
—
 
 
287,086
Total Assets
 
 
$287,086
 
 
$84,704,441
 
 
$—
 
 
$84,991,527
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(2,537,856)
 
 
$—
 
 
$(2,537,856)
Put Options Written
 
 
—
 
 
(623,091)
 
 
—
 
 
(623,091)
Total Liabilities
 
 
$—
 
 
$(3,160,947)
 
 
$—
 
 
$(3,160,947)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
21
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Aug ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 101.7%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 101.7%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
July 2026
 
 
$4.68
 
 
508
 
 
$237,744
 
 
$34,764,091
Total Options Purchased – Calls
(Cost $31,650,191)
 
 
 
 
 
 
 
 
237,744
 
 
34,764,091
OPTION PURCHASED – PUTS(b)(c) – 2.1%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.1%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
July 2026
 
 
632.02
 
 
508
 
 
32,106,616
 
 
722,320
Total Options Purchased – Puts
(Cost $1,601,124)
 
 
 
 
 
 
 
 
32,106,616
 
 
722,320
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.3%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.3%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$88,639
 
 
88,639
Total Short-Term Investments
(Cost $88,639)
 
 
 
 
 
 
 
 
 
 
88,639
Total Investments – 104.1%
(Cost $33,339,954)
 
 
 
 
 
 
 
 
 
 
35,575,050
Other assets less liabilities – (4.1)%
 
 
 
 
 
 
 
 
 
 
(1,392,565)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$34,182,485
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
July 2026
 
 
$728.35
 
 
508
 
 
$440,995
 
 
$37,000,180
 
 
$(886,455)
 
 
 
 
 
 
 
 
$440,995
 
 
$37,000,180
 
 
$(886,455)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
July 2026
 
 
$568.87
 
 
508
 
 
$898,395
 
 
$28,898,596
 
 
$(372,029)
 
 
 
 
 
 
 
 
$898,395
 
 
$28,898,596
 
 
$(372,029)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,339,390
 
 
$65,898,776
 
 
$(1,258,484)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
22
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Aug ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer10 Aug ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
23
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Aug ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer10 Aug ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$34,764,091
 
 
$—
 
 
$34,764,091
Option Purchased - Puts
 
 
—
 
 
722,320
 
 
—
 
 
722,320
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
88,639
 
 
—
 
 
—
 
 
88,639
Total Assets
 
 
$88,639
 
 
$35,486,411
 
 
$—
 
 
$35,575,050
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(886,455)
 
 
$—
 
 
$(886,455)
Put Options Written
 
 
—
 
 
(372,029)
 
 
—
 
 
(372,029)
Total Liabilities
 
 
$—
 
 
$(1,258,484)
 
 
$—
 
 
$(1,258,484)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
24
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Sep ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 101.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 101.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
August 2026
 
 
$4.77
 
 
1,509
 
 
$719,793
 
 
$103,283,626
Total Options Purchased – Calls
(Cost $95,415,637)
 
 
 
 
 
 
 
 
719,793
 
 
103,283,626
OPTION PURCHASED – PUTS(b)(c) – 2.7%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.7%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
August 2026
 
 
644.99
 
 
1,509
 
 
97,328,991
 
 
2,772,591
Total Options Purchased – Puts
(Cost $5,132,854)
 
 
 
 
 
 
 
 
97,328,991
 
 
2,772,591
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.2%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.2%
 
 
 
 
 
 
 
 
 
 
Australia & New Zealand Banking Group Ltd., New York, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$222,909
 
 
222,909
Total Short-Term Investments
(Cost $222,909)
 
 
 
 
 
 
 
 
 
 
222,909
Total Investments – 104.1%
(Cost $100,771,400)
 
 
 
 
 
 
 
 
 
 
106,279,126
Other assets less liabilities – (4.1)%
 
 
 
 
 
 
 
 
 
 
(4,244,709)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$102,034,417
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
August 2026
 
 
$739.81
 
 
1,509
 
 
$1,272,591
 
 
$111,637,329
 
 
$(2,470,248)
 
 
 
 
 
 
 
 
$1,272,591
 
 
$111,637,329
 
 
$(2,470,248)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
August 2026
 
 
$580.55
 
 
1,509
 
 
$2,866,965
 
 
$87,604,995
 
 
$(1,465,556)
 
 
 
 
 
 
 
 
$2,866,965
 
 
$87,604,995
 
 
$(1,465,556)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$4,139,556
 
 
$199,242,324
 
 
$(3,935,804)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
25
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Sep ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer10 Sep ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
26
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Sep ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer10 Sep ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$103,283,626
 
 
$—
 
 
$103,283,626
Option Purchased - Puts
 
 
—
 
 
2,772,591
 
 
—
 
 
2,772,591
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
222,909
 
 
—
 
 
—
 
 
222,909
Total Assets
 
 
$222,909
 
 
$106,056,217
 
 
$—
 
 
$106,279,126
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(2,470,248)
 
 
$—
 
 
$(2,470,248)
Put Options Written
 
 
—
 
 
(1,465,556)
 
 
—
 
 
(1,465,556)
Total Liabilities
 
 
$—
 
 
$(3,935,804)
 
 
$—
 
 
$(3,935,804)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
27
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Oct ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 99.8%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 99.8%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
$4.93
 
 
932
 
 
$459,476
 
 
$63,618,404
Total Options Purchased – Calls
(Cost $61,303,820)
 
 
 
 
 
 
 
 
459,476
 
 
63,618,404
OPTION PURCHASED – PUTS(b)(c) – 3.7%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 3.7%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
666.11
 
 
932
 
 
62,081,452
 
 
2,354,288
Total Options Purchased - Puts
(Cost $3,316,689)
 
 
 
 
 
 
 
 
62,081,452
 
 
2,354,288
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.2%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.2%
 
 
 
 
 
 
 
 
 
 
Bank of Nova Scotia,
Toronto, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$130,896
 
 
130,896
Total Short-Term Investments
(Cost $130,896)
 
 
 
 
 
 
 
 
 
 
130,896
Total Investments – 103.7%
(Cost $64,751,405)
 
 
 
 
 
 
 
 
 
 
66,103,588
Other assets less liabilities – (3.7)%
 
 
 
 
 
 
 
 
 
 
(2,373,115)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$63,730,473
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
$765.24
 
 
932
 
 
$999,716
 
 
$71,320,368
 
 
$(967,015)
 
 
 
 
 
 
 
 
$999,716
 
 
$71,320,368
 
 
$(967,015)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
$599.56
 
 
932
 
 
$1,896,869
 
 
$55,878,992
 
 
$(1,258,638)
 
 
 
 
 
 
 
 
$1,896,869
 
 
$55,878,992
 
 
$(1,258,638)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$2,896,585
 
 
$127,199,360
 
 
$(2,225,653)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
28
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Oct ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer10 Oct ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
29
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Oct ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer10 Oct ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$63,618,404
 
 
$—
 
 
$63,618,404
Option Purchased - Puts
 
 
—
 
 
2,354,288
 
 
—
 
 
2,354,288
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
130,896
 
 
—
 
 
—
 
 
130,896
Total Assets
 
 
$130,896
 
 
$65,972,692
 
 
$—
 
 
$66,103,588
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(967,015)
 
 
$—
 
 
$(967,015)
Put Options Written
 
 
—
 
 
(1,258,638)
 
 
—
 
 
(1,258,638)
Total Liabilities
 
 
$—
 
 
$(2,225,653)
 
 
$—
 
 
$(2,225,653)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
30
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Nov ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 99.0%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 99.0%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
October 2026
 
 
$5.05
 
 
432
 
 
$218,160
 
 
$29,490,194
Total Options Purchased – Calls
(Cost $28,921,174)
 
 
 
 
 
 
 
 
218,160
 
 
29,490,194
OPTION PURCHASED – PUTS(b)(c) – 4.5%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 4.5%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
October 2026
 
 
681.99
 
 
432
 
 
29,461,968
 
 
1,343,460
Total Options Purchased – Puts
(Cost $1,732,399)
 
 
 
 
 
 
 
 
29,461,968
 
 
1,343,460
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.0%*
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.0%*
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$9,943
 
 
9,943
Total Short-Term Investments
(Cost $9,943)
 
 
 
 
 
 
 
 
 
 
9,943
Total Investments – 103.5%
(Cost $30,663,516)
 
 
 
 
 
 
 
 
 
 
30,843,597
Other assets less liabilities – (3.5)%
 
 
 
 
 
 
 
 
 
 
(1,049,111)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$29,794,486
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
October 2026
 
 
$796.37
 
 
432
 
 
$444,872
 
 
$34,403,184
 
 
$(265,412)
 
 
 
 
 
 
 
 
$444,872
 
 
$34,403,184
 
 
$(265,412)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
October 2026
 
 
$613.85
 
 
432
 
 
$1,020,448
 
 
$26,518,320
 
 
$(730,832)
 
 
 
 
 
 
 
 
$1,020,448
 
 
$26,518,320
 
 
$(730,832)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,465,320
 
 
$60,921,504
 
 
$(996,244)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*
 
 
Rounds to less than 0.05%.
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
31
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Nov ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer10 Nov ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
32
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Nov ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer10 Nov ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$29,490,194
 
 
$—
 
 
$29,490,194
Option Purchased - Puts
 
 
—
 
 
1,343,460
 
 
—
 
 
1,343,460
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
9,943
 
 
—
 
 
—
 
 
9,943
Total Assets
 
 
$9,943
 
 
$30,833,654
 
 
$—
 
 
$30,843,597
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(265,412)
 
 
$—
 
 
$(265,412)
Put Options Written
 
 
—
 
 
(730,832)
 
 
—
 
 
(730,832)
Total Liabilities
 
 
$—
 
 
$(996,244)
 
 
$—
 
 
$(996,244)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
33
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Dec ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 99.1%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 99.1%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
November 2026
 
 
$5.06
 
 
1,758
 
 
$889,548
 
 
$120,029,226
Total Options Purchased – Calls
(Cost $118,044,702)
 
 
 
 
 
 
 
 
889,548
 
 
120,029,226
OPTION PURCHASED – PUTS(b)(c) – 4.8%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 4.8%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
November 2026
 
 
683.32
 
 
1,758
 
 
120,127,656
 
 
5,864,090
Total Options Purchased – Puts
(Cost $6,911,529)
 
 
 
 
 
 
 
 
120,127,656
 
 
5,864,090
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.1%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.1%
 
 
 
 
 
 
 
 
 
 
JP Morgan Chase & Co.,
New York, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$123,107
 
 
123,107
Total Short-Term Investments
(Cost $123,107)
 
 
 
 
 
 
 
 
 
 
123,107
Total Investments – 104.0%
(Cost $125,079,338)
 
 
 
 
 
 
 
 
 
 
126,016,423
Other assets less liabilities – (4.0)%
 
 
 
 
 
 
 
 
 
 
(4,828,462)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$121,187,961
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
November 2026
 
 
$796.92
 
 
1,758
 
 
$1,652,859
 
 
$140,098,536
 
 
$(1,401,302)
 
 
 
 
 
 
 
 
$1,652,859
 
 
$140,098,536
 
 
$(1,401,302)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
November 2026
 
 
$615.05
 
 
1,758
 
 
$4,002,539
 
 
$108,125,790
 
 
$(3,277,492)
 
 
 
 
 
 
 
 
$4,002,539
 
 
$108,125,790
 
 
$(3,277,492)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$5,655,398
 
 
$248,224,326
 
 
$(4,678,794)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
34
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Dec ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer10 Dec ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
35
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Dec ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer10 Dec ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$120,029,226
 
 
$—
 
 
$120,029,226
Option Purchased - Puts
 
 
—
 
 
5,864,090
 
 
—
 
 
5,864,090
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
123,107
 
 
—
 
 
—
 
 
123,107
Total Assets
 
 
$123,107
 
 
$125,893,316
 
 
$—
 
 
$126,016,423
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(1,401,302)
 
 
$—
 
 
$(1,401,302)
Put Options Written
 
 
—
 
 
(3,277,492)
 
 
—
 
 
(3,277,492)
Total Liabilities
 
 
$—
 
 
$(4,678,794)
 
 
$—
 
 
$(4,678,794)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
36
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Jan ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 99.8%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 99.8%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
December 2026
 
 
$5.11
 
 
4,751
 
 
$2,427,761
 
 
$323,408,124
Total Options Purchased – Calls
(Cost $318,624,801)
 
 
 
 
 
 
 
 
2,427,761
 
 
323,408,124
OPTION PURCHASED – PUTS(b)(c) – 5.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 5.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
December 2026
 
 
681.99
 
 
4,751
 
 
324,013,449
 
 
16,700,763
Total Options Purchased – Puts
(Cost $17,995,319)
 
 
 
 
 
 
 
 
324,013,449
 
 
16,700,763
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.1%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.1%
 
 
 
 
 
 
 
 
 
 
Skandinaviska Enskilda Banken AB,
Stockholm, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$188,007
 
 
188,007
Total Short-Term Investments
(Cost $188,007)
 
 
 
 
 
 
 
 
 
 
188,007
Total Investments – 105.1%
(Cost $336,808,127)
 
 
 
 
 
 
 
 
 
 
340,296,894
Other assets less liabilities – (5.1)%
 
 
 
 
 
 
 
 
 
 
(16,309,155)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$323,987,739
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
December 2026
 
 
$753.32
 
 
4,751
 
 
$9,299,373
 
 
$357,902,332
 
 
$(10,731,939)
 
 
 
 
 
 
 
 
$9,299,373
 
 
$357,902,332
 
 
$(10,731,939)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
December 2026
 
 
$545.54
 
 
4,751
 
 
$5,621,725
 
 
$259,186,054
 
 
$(5,379,652)
 
 
 
 
 
 
 
 
$5,621,725
 
 
$259,186,054
 
 
$(5,379,652)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$14,921,098
 
 
$617,088,386
 
 
$(16,111,591)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
37
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Jan ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer20 Jan ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
38
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Jan ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer20 Jan ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$323,408,124
 
 
$—
 
 
$323,408,124
Option Purchased - Puts
 
 
—
 
 
16,700,763
 
 
—
 
 
16,700,763
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
188,007
 
 
—
 
 
—
 
 
188,007
Total Assets
 
 
$188,007
 
 
$340,108,887
 
 
$—
 
 
$340,296,894
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(10,731,939)
 
 
$—
 
 
$(10,731,939)
Put Options Written
 
 
—
 
 
(5,379,652)
 
 
—
 
 
(5,379,652)
Total Liabilities
 
 
$—
 
 
$(16,111,591)
 
 
$—
 
 
$(16,111,591)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
39
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Feb ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 99.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 99.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
January 2027
 
 
$5.19
 
 
1,484
 
 
$770,196
 
 
$101,004,008
Total Options Purchased – Calls
(Cost $101,009,722)
 
 
 
 
 
 
 
 
770,196
 
 
101,004,008
OPTION PURCHASED – PUTS(b)(c) – 5.8%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 5.8%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
January 2027
 
 
692.04
 
 
1,484
 
 
102,698,736
 
 
5,936,000
Total Options Purchased – Puts
(Cost $5,941,713)
 
 
 
 
 
 
 
 
102,698,736
 
 
5,936,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.7%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.7%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$706,387
 
 
706,387
Total Short-Term Investments
(Cost $706,387)
 
 
 
 
 
 
 
 
 
 
706,387
Total Investments – 105.7%
(Cost $107,657,822)
 
 
 
 
 
 
 
 
 
 
107,646,395
Other assets less liabilities – (5.7)%
 
 
 
 
 
 
 
 
 
 
(5,807,235)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$101,839,160
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
January 2027
 
 
$765.18
 
 
1,484
 
 
$3,012,743
 
 
$113,552,712
 
 
$(3,018,456)
 
 
 
 
 
 
 
 
$3,012,743
 
 
$113,552,712
 
 
$(3,018,456)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
January 2027
 
 
$553.58
 
 
1,484
 
 
$1,996,203
 
 
$82,151,272
 
 
$(2,001,916)
 
 
 
 
 
 
 
 
$1,996,203
 
 
$82,151,272
 
 
$(2,001,916)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$5,008,946
 
 
$195,703,984
 
 
$(5,020,372)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
40
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Feb ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer20 Feb ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
41
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Feb ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer20 Feb ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$101,004,008
 
 
$—
 
 
$—
 
 
$101,004,008
Option Purchased - Puts
 
 
5,936,000
 
 
—
 
 
—
 
 
5,936,000
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
706,387
 
 
—
 
 
—
 
 
706,387
Total Assets
 
 
$107,646,395
 
 
$—
 
 
$—
 
 
$107,646,395
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$(3,018,456)
 
 
$—
 
 
$—
 
 
$(3,018,456)
Put Options Written
 
 
(2,001,916)
 
 
—
 
 
—
 
 
(2,001,916)
Total Liabilities
 
 
$(5,020,372)
 
 
$—
 
 
$—
 
 
$(5,020,372)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
42
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Mar ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 106.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 106.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
February 2026
 
 
$4.46
 
 
1,041
 
 
$464,286
 
 
$71,565,367
Total Options Purchased – Calls
(Cost $60,600,959)
 
 
 
 
 
 
 
 
464,286
 
 
71,565,367
OPTION PURCHASED – PUTS(b)(c) – 0.1%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.1%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
February 2026
 
 
594.24
 
 
1,041
 
 
61,860,384
 
 
68,456
Total Options Purchased – Puts
(Cost $3,681,626)
 
 
 
 
 
 
 
 
61,860,384
 
 
68,456
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.6%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.6%
 
 
 
 
 
 
 
 
 
 
JP Morgan Chase & Co.,
New York, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$420,708
 
 
420,708
Total Short-Term Investments
(Cost $420,708)
 
 
 
 
 
 
 
 
 
 
420,708
Total Investments – 106.9%
(Cost $64,703,293)
 
 
 
 
 
 
 
 
 
 
72,054,531
Other assets less liabilities – (6.9)%
 
 
 
 
 
 
 
 
 
 
(4,651,832)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$67,402,699
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
February 2026
 
 
$657.52
 
 
1,041
 
 
$1,339,020
 
 
$68,447,832
 
 
$(4,128,960)
 
 
 
 
 
 
 
 
$1,339,020
 
 
$68,447,832
 
 
$(4,128,960)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
February 2026
 
 
$475.34
 
 
1,041
 
 
$987,788
 
 
$49,482,894
 
 
$(11,961)
 
 
 
 
 
 
 
 
$987,788
 
 
$49,482,894
 
 
$(11,961)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$2,326,808
 
 
$117,930,726
 
 
$(4,140,921)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
43
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Mar ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer20 Mar ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
44
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Mar ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer20 Mar ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$71,565,367
 
 
$—
 
 
$71,565,367
Option Purchased - Puts
 
 
—
 
 
68,456
 
 
—
 
 
68,456
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
420,708
 
 
—
 
 
—
 
 
420,708
Total Assets
 
 
$420,708
 
 
$71,633,823
 
 
$—
 
 
$72,054,531
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(4,128,960)
 
 
$—
 
 
$(4,128,960)
Put Options Written
 
 
—
 
 
(11,961)
 
 
—
 
 
(11,961)
Total Liabilities
 
 
$—
 
 
$(4,140,921)
 
 
$—
 
 
$(4,140,921)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
45
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Apr ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 112.6%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 112.6%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
$4.20
 
 
2,762
 
 
$1,160,040
 
 
$189,467,510
Total Options Purchased – Calls
(Cost $151,797,353)
 
 
 
 
 
 
 
 
1,160,040
 
 
189,467,510
OPTION PURCHASED – PUTS(b)(c) – 0.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
559.45
 
 
2,762
 
 
154,520,090
 
 
386,570
Total Options Purchased – Puts
(Cost $9,128,147)
 
 
 
 
 
 
 
 
154,520,090
 
 
386,570
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.6%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.6%
 
 
 
 
 
 
 
 
 
 
Australia & New Zealand Banking Group Ltd., New York, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$948,718
 
 
948,718
Total Short-Term Investments
(Cost $948,718)
 
 
 
 
 
 
 
 
 
 
948,718
Total Investments – 113.4%
(Cost $161,874,218)
 
 
 
 
 
 
 
 
 
 
190,802,798
Other assets less liabilities – (13.4)%
 
 
 
 
 
 
 
 
 
 
(22,515,120)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$168,287,678
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
$620.53
 
 
2,762
 
 
$4,567,036
 
 
$171,390,386
 
 
$(21,343,825)
 
 
 
 
 
 
 
 
$4,567,036
 
 
$171,390,386
 
 
$(21,343,825)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
$447.51
 
 
2,762
 
 
$2,472,572
 
 
$123,602,262
 
 
$(106,447)
 
 
 
 
 
 
 
 
$2,472,572
 
 
$123,602,262
 
 
$(106,447)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$7,039,608
 
 
$294,992,648
 
 
$(21,450,272)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
46
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Apr ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer20 Apr ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
47
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Apr ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer20 Apr ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$189,467,510
 
 
$—
 
 
$189,467,510
Option Purchased - Puts
 
 
—
 
 
386,570
 
 
—
 
 
386,570
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
948,718
 
 
—
 
 
—
 
 
948,718
Total Assets
 
 
$948,718
 
 
$189,854,080
 
 
$—
 
 
$190,802,798
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(21,343,825)
 
 
$—
 
 
$(21,343,825)
Put Options Written
 
 
—
 
 
(106,447)
 
 
—
 
 
(106,447)
Total Liabilities
 
 
$—
 
 
$(21,450,272)
 
 
$—
 
 
$(21,450,272)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
48
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 May ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 113.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 113.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
April 2026
 
 
$4.16
 
 
1,126
 
 
$468,416
 
 
$77,250,750
Total Options Purchased – Calls
(Cost $61,436,260)
 
 
 
 
 
 
 
 
468,416
 
 
77,250,750
OPTION PURCHASED – PUTS(b)(c) – 0.4%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.4%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
April 2026
 
 
554.60
 
 
1,126
 
 
62,447,960
 
 
279,394
Total Options Purchased – Puts
(Cost $4,255,199)
 
 
 
 
 
 
 
 
62,447,960
 
 
279,394
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.5%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.5%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd., London, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$358,593
 
 
358,593
Total Short-Term Investments
(Cost $358,593)
 
 
 
 
 
 
 
 
 
 
358,593
Total Investments – 114.1%
(Cost $66,050,052)
 
 
 
 
 
 
 
 
 
 
77,888,737
Other assets less liabilities – (14.1)%
 
 
 
 
 
 
 
 
 
 
(9,653,653)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$68,235,084
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
April 2026
 
 
$621.08
 
 
1,126
 
 
$2,225,111
 
 
$69,933,608
 
 
$(9,153,659)
 
 
 
 
 
 
 
 
$2,225,111
 
 
$69,933,608
 
 
$(9,153,659)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
April 2026
 
 
$443.63
 
 
1,126
 
 
$1,370,653
 
 
$49,952,738
 
 
$(93,323)
 
 
 
 
 
 
 
 
$1,370,653
 
 
$49,952,738
 
 
$(93,323)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$3,595,764
 
 
$119,886,346
 
 
$(9,246,982)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
49
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 May ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer20 May ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
50
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 May ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer20 May ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$77,250,750
 
 
$—
 
 
$77,250,750
Option Purchased - Puts
 
 
—
 
 
279,394
 
 
—
 
 
279,394
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
358,593
 
 
—
 
 
—
 
 
358,593
Total Assets
 
 
$358,593
 
 
$77,530,144
 
 
$—
 
 
$77,888,737
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(9,153,659)
 
 
$—
 
 
$(9,153,659)
Put Options Written
 
 
—
 
 
(93,323)
 
 
—
 
 
(93,323)
Total Liabilities
 
 
$—
 
 
$(9,246,982)
 
 
$—
 
 
$(9,246,982)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
51
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Jun ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 108.5%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 108.5%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
May 2026
 
 
$4.42
 
 
1,022
 
 
$451,724
 
 
$70,105,735
Total Options Purchased – Calls
(Cost $59,454,402)
 
 
 
 
 
 
 
 
451,724
 
 
70,105,735
OPTION PURCHASED – PUTS(b)(c) – 0.9%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.9%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
May 2026
 
 
589.45
 
 
1,022
 
 
60,241,790
 
 
557,062
Total Options Purchased – Puts
(Cost $3,368,023)
 
 
 
 
 
 
 
 
60,241,790
 
 
557,062
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.4%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.4%
 
 
 
 
 
 
 
 
 
 
Skandinaviska Enskilda Banken AB,
Stockholm, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$274,004
 
 
274,004
Total Short-Term Investments
(Cost $274,004)
 
 
 
 
 
 
 
 
 
 
274,004
Total Investments – 109.8%
(Cost $63,096,429)
 
 
 
 
 
 
 
 
 
 
70,936,801
Other assets less liabilities – (9.8)%
 
 
 
 
 
 
 
 
 
 
(6,324,541)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$64,612,260
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
May 2026
 
 
$654.41
 
 
1,022
 
 
$1,867,791
 
 
$66,880,702
 
 
$(5,839,453)
 
 
 
 
 
 
 
 
$1,867,791
 
 
$66,880,702
 
 
$(5,839,453)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
May 2026
 
 
$471.51
 
 
1,022
 
 
$1,042,413
 
 
$48,188,322
 
 
$(166,964)
 
 
 
 
 
 
 
 
$1,042,413
 
 
$48,188,322
 
 
$(166,964)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$2,910,204
 
 
$115,069,024
 
 
$(6,006,417)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
52
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Jun ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer20 Jun ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
53
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Jun ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer20 Jun ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$70,105,735
 
 
$—
 
 
$70,105,735
Option Purchased - Puts
 
 
—
 
 
557,062
 
 
—
 
 
557,062
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
274,004
 
 
—
 
 
—
 
 
274,004
Total Assets
 
 
$274,004
 
 
$70,662,797
 
 
$—
 
 
$70,936,801
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(5,839,453)
 
 
$—
 
 
$(5,839,453)
Put Options Written
 
 
—
 
 
(166,964)
 
 
—
 
 
(166,964)
Total Liabilities
 
 
$—
 
 
$(6,006,417)
 
 
$—
 
 
$(6,006,417)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
54
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Jul ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c)– 104.9%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 104.9%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
June 2026
 
 
$4.63
 
 
4,662
 
 
$2,158,506
 
 
$318,908,352
Total Options Purchased – Calls
(Cost $284,460,230)
 
 
 
 
 
 
 
 
2,158,506
 
 
318,908,352
OPTION PURCHASED – PUTS(b)(c)– 1.6%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 1.6%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
June 2026
 
 
617.91
 
 
4,662
 
 
288,069,642
 
 
4,752,723
Total Options Purchased – Puts
(Cost $15,132,622)
 
 
 
 
 
 
 
 
288,069,642
 
 
4,752,723
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.3%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.3%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd., London, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$1,042,344
 
 
1,042,344
Total Short-Term Investments
(Cost $1,042,344)
 
 
 
 
 
 
 
 
 
 
1,042,344
Total Investments – 106.8%
(Cost $300,635,196)
 
 
 
 
 
 
 
 
 
 
324,703,419
Other assets less liabilities – (6.8)%
 
 
 
 
 
 
 
 
 
 
(20,739,060)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$303,964,359
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
June 2026
 
 
$683.22
 
 
4,662
 
 
$8,069,954
 
 
$318,517,164
 
 
$(18,102,779)
 
 
 
 
 
 
 
 
$8,069,954
 
 
$318,517,164
 
 
$(18,102,779)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
June 2026
 
 
$494.28
 
 
4,662
 
 
$4,600,475
 
 
$230,433,336
 
 
$(1,304,381)
 
 
 
 
 
 
 
 
$4,600,475
 
 
$230,433,336
 
 
$(1,304,381)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$12,670,429
 
 
$ 548,950,500
 
 
$(19,407,160)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
55
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Jul ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer20 Jul ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
56
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Jul ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer20 Jul ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$318,908,352
 
 
$—
 
 
$318,908,352
Option Purchased - Puts
 
 
—
 
 
4,752,723
 
 
—
 
 
4,752,723
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
1,042,344
 
 
—
 
 
—
 
 
1,042,344
Total Assets
 
 
$1,042,344
 
 
$323,661,075
 
 
$—
 
 
$324,703,419
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(18,102,779)
 
 
$—
 
 
$(18,102,779)
Put Options Written
 
 
—
 
 
(1,304,381)
 
 
—
 
 
(1,304,381)
Total Liabilities
 
 
$—
 
 
$(19,407,160)
 
 
$—
 
 
$(19,407,160)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
57
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Aug ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 103.4%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 103.4%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
July 2026
 
 
$4.74
 
 
2,226
 
 
$1,055,124
 
 
$152,267,304
Total Options Purchased – Calls
(Cost $138,727,048)
 
 
 
 
 
 
 
 
1,055,124
 
 
152,267,304
OPTION PURCHASED – PUTS(b)(c) – 2.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
July 2026
 
 
632.14
 
 
2,226
 
 
140,714,364
 
 
3,178,728
Total Options Purchased – Puts
(Cost $7,191,275)
 
 
 
 
 
 
 
 
140,714,364
 
 
3,178,728
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.3%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.3%
 
 
 
 
 
 
 
 
 
 
Citibank, New York, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$406,279
 
 
406,279
Total Short-Term Investments
(Cost $406,279)
 
 
 
 
 
 
 
 
 
 
406,279
Total Investments – 105.9%
(Cost $146,324,602)
 
 
 
 
 
 
 
 
 
 
155,852,311
Other assets less liabilities – (5.9)%
 
 
 
 
 
 
 
 
 
 
(8,624,681)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$147,227,630
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
July 2026
 
 
$700.16
 
 
2,226
 
 
$3,655,785
 
 
$155,855,616
 
 
$(7,287,924)
 
 
 
 
 
 
 
 
$3,655,785
 
 
$155,855,616
 
 
$(7,287,924)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
July 2026
 
 
$505.66
 
 
2,226
 
 
$2,157,276
 
 
$112,559,916
 
 
$(877,044)
 
 
 
 
 
 
 
 
$2,157,276
 
 
$112,559,916
 
 
$(877,044)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$5,813,061
 
 
$268,415,532
 
 
$(8,164,968)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
58
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Aug ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer20 Aug ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
59
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Aug ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer20 Aug ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$152,267,304
 
 
$—
 
 
$—
 
 
$152,267,304
Option Purchased - Puts
 
 
3,178,728
 
 
—
 
 
—
 
 
3,178,728
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
406,279
 
 
—
 
 
—
 
 
406,279
Total Assets
 
 
$155,852,311
 
 
$—
 
 
$—
 
 
$155,852,311
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$(7,287,924)
 
 
$—
 
 
$—
 
 
$(7,287,924)
Put Options Written
 
 
(877,044)
 
 
—
 
 
—
 
 
(877,044)
Total Liabilities
 
 
$(8,164,968)
 
 
$—
 
 
$—
 
 
$(8,164,968)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
60
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Sep ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 102.6%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 102.6%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
August 2026
 
 
$4.84
 
 
4,155
 
 
$2,011,020
 
 
$284,360,887
Total Options Purchased – Calls
(Cost $263,202,508)
 
 
 
 
 
 
 
 
2,011,020
 
 
284,360,887
OPTION PURCHASED – PUTS(b)(c) – 2.8%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.8%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
August 2026
 
 
645.11
 
 
4,155
 
 
268,043,205
 
 
7,643,372
Total Options Purchased – Puts
(Cost $14,105,898)
 
 
 
 
 
 
 
 
268,043,205
 
 
7,643,372
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.3%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.3%
 
 
 
 
 
 
 
 
 
 
Australia & New Zealand Banking Group Ltd., New York, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$727,140
 
 
727,140
Total Short-Term Investments
(Cost $727,140)
 
 
 
 
 
 
 
 
 
 
727,140
Total Investments – 105.7%
(Cost $278,035,546)
 
 
 
 
 
 
 
 
 
 
292,731,399
Other assets less liabilities – (5.7)%
 
 
 
 
 
 
 
 
 
 
(15,664,556)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$277,066,843
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
August 2026
 
 
$711.30
 
 
4,155
 
 
$6,826,437
 
 
$295,545,150
 
 
$(12,617,821)
 
 
 
 
 
 
 
 
$6,826,437
 
 
$295,545,150
 
 
$(12,617,821)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
August 2026
 
 
$516.04
 
 
4,155
 
 
$4,298,169
 
 
$214,414,620
 
 
$(2,179,173)
 
 
 
 
 
 
 
 
$4,298,169
 
 
$214,414,620
 
 
$(2,179,173)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$11,124,606
 
 
$509,959,770
 
 
$(14,796,994)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
61
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Sep ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer20 Sep ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
62
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Sep ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer20 Sep ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$284,360,887
 
 
$—
 
 
$284,360,887
Option Purchased - Puts
 
 
—
 
 
7,643,372
 
 
—
 
 
7,643,372
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
727,140
 
 
—
 
 
—
 
 
727,140
Total Assets
 
 
$727,140
 
 
$292,004,259
 
 
$—
 
 
$292,731,399
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(12,617,821)
 
 
$—
 
 
$(12,617,821)
Put Options Written
 
 
—
 
 
(2,179,173)
 
 
—
 
 
(2,179,173)
Total Liabilities
 
 
$—
 
 
$(14,796,994)
 
 
$—
 
 
$(14,796,994)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
63
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Oct ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c)– 100.6%
 
 
 
 
 
 
 
 
Options on ETF – 100.6%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
$5.00
 
 
8,001
 
 
$4,000,500
 
 
$546,095,054
Total Options Purchased – Calls
(Cost $526,628,060)
 
 
 
 
 
 
 
 
4,000,500
 
 
546,095,054
OPTION PURCHASED – PUTS(b)(c)– 3.7%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 3.7%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
666.25
 
 
8,001
 
 
533,066,625
 
 
20,237,649
Total Options Purchased – Puts
(Cost $28,935,166)
 
 
 
 
 
 
 
 
533,066,625
 
 
20,237,649
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.1%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.1%
 
 
 
 
 
 
 
 
 
 
DBS Bank Ltd.,
Singapore, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$743,675
 
 
743,675
Total Short-Term Investments
(Cost $743,675)
 
 
 
 
 
 
 
 
 
 
743,675
Total Investments – 104.4%
(Cost $556,306,901)
 
 
 
 
 
 
 
 
 
 
567,076,378
Other assets less liabilities – (4.4)%
 
 
 
 
 
 
 
 
 
 
(23,961,322)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$543,115,056
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
$734.73
 
 
8,001
 
 
$16,425,377
 
 
$587,857,473
 
 
$(17,000,845)
 
 
 
 
 
 
 
 
$16,425,377
 
 
$587,857,473
 
 
$(17,000,845)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
$532.94
 
 
8,001
 
 
$9,211,072
 
 
$426,405,294
 
 
$(5,791,764)
 
 
 
 
 
 
 
 
$9,211,072
 
 
$426,405,294
 
 
$(5,791,764)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$25,636,449
 
 
$1,014,262,767
 
 
$(22,792,609)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
64
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Oct ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer20 Oct ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
65
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Oct ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer20 Oct ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$546,095,054
 
 
$—
 
 
$546,095,054
Option Purchased - Puts
 
 
—
 
 
20,237,649
 
 
—
 
 
20,237,649
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
743,675
 
 
—
 
 
—
 
 
743,675
Total Assets
 
 
$743,675
 
 
$566,332,703
 
 
$—
 
 
$567,076,378
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(17,000,845)
 
 
$—
 
 
$(17,000,845)
Put Options Written
 
 
—
 
 
(5,791,764)
 
 
—
 
 
(5,791,764)
Total Liabilities
 
 
$—
 
 
$(22,792,609)
 
 
$—
 
 
$(22,792,609)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
66
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Nov ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c)– 99.0%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 99.0%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
October 2026
 
 
$5.12
 
 
1,360
 
 
$696,320
 
 
$92,830,322
Total Options Purchased – Calls
(Cost $91,145,227)
 
 
 
 
 
 
 
 
696,320
 
 
92,830,322
OPTION PURCHASED – PUTS(b)(c)– 4.5%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 4.5%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
October 2026
 
 
682.13
 
 
1,360
 
 
92,769,680
 
 
4,234,741
Total Options Purchased – Puts
(Cost $5,468,118)
 
 
 
 
 
 
 
 
92,769,680
 
 
4,234,741
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.1%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.1%
 
 
 
 
 
 
 
 
 
 
Australia & New Zealand Banking Group Ltd., New York, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$109,508
 
 
109,508
Total Short-Term Investments
(Cost $109,508)
 
 
 
 
 
 
 
 
 
 
109,508
Total Investments – 103.6%
(Cost $96,722,853)
 
 
 
 
 
 
 
 
 
 
97,174,571
Other assets less liabilities – (3.6)%
 
 
 
 
 
 
 
 
 
 
(3,435,820)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$93,738,751
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
October 2026
 
 
$759.54
 
 
1,360
 
 
$2,698,329
 
 
$103,297,440
 
 
$(2,027,542)
 
 
 
 
 
 
 
 
$2,698,329
 
 
$103,297,440
 
 
$(2,027,542)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
October 2026
 
 
$545.65
 
 
1,360
 
 
$1,838,956
 
 
$74,208,400
 
 
$(1,241,503)
 
 
 
 
 
 
 
 
$1,838,956
 
 
$74,208,400
 
 
$(1,241,503)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$4,537,285
 
 
$ 177,505,840
 
 
$(3,269,045)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
67
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Nov ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer20 Nov ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
68
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Nov ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer20 Nov ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$92,830,322
 
 
$—
 
 
$92,830,322
Option Purchased - Puts
 
 
—
 
 
4,234,741
 
 
—
 
 
4,234,741
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
109,508
 
 
—
 
 
—
 
 
109,508
Total Assets
 
 
$109,508
 
 
$97,065,063
 
 
$—
 
 
$97,174,571
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(2,027,542)
 
 
$—
 
 
$(2,027,542)
Put Options Written
 
 
—
 
 
(1,241,503)
 
 
—
 
 
(1,241,503)
Total Liabilities
 
 
$—
 
 
$(3,269,045)
 
 
$—
 
 
$(3,269,045)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
69
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Dec ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c)– 99.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 99.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
November 2026
 
 
$5.13
 
 
3,193
 
 
$1,638,009
 
 
$217,983,747
Total Options Purchased – Calls
(Cost $214,370,105)
 
 
 
 
 
 
 
 
1,638,009
 
 
217,983,747
OPTION PURCHASED – PUTS(b)(c)– 4.9%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 4.9%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
November 2026
 
 
683.46
 
 
3,193
 
 
218,228,778
 
 
10,663,471
Total Options Purchased – Puts
(Cost $12,586,797)
 
 
 
 
 
 
 
 
218,228,778
 
 
10,663,471
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.1%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.1%
 
 
 
 
 
 
 
 
 
 
Sumitomo Corporation,
Tokyo, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$210,597
 
 
210,597
Total Short-Term Investments
(Cost $210,597)
 
 
 
 
 
 
 
 
 
 
210,597
Total Investments – 104.2%
(Cost $227,167,499)
 
 
 
 
 
 
 
 
 
 
228,857,815
Other assets less liabilities – (4.2)%
 
 
 
 
 
 
 
 
 
 
(9,181,623)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$219,676,192
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
November 2026
 
 
$760.37
 
 
3,193
 
 
$6,142,828
 
 
$242,786,141
 
 
$(5,622,681)
 
 
 
 
 
 
 
 
$6,142,828
 
 
$242,786,141
 
 
$(5,622,681)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
November 2026
 
 
$546.71
 
 
3,193
 
 
$4,090,774
 
 
$174,564,503
 
 
$(3,288,024)
 
 
 
 
 
 
 
 
$4,090,774
 
 
$174,564,503
 
 
$(3,288,024)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$10,233,602
 
 
$417,350,644
 
 
$(8,910,705)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
70
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Dec ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer20 Dec ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
71
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Dec ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer20 Dec ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$217,983,747
 
 
$—
 
 
$217,983,747
Option Purchased - Puts
 
 
—
 
 
10,663,471
 
 
—
 
 
10,663,471
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
210,597
 
 
—
 
 
—
 
 
210,597
Total Assets
 
 
$210,597
 
 
$228,647,218
 
 
$—
 
 
$228,857,815
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(5,622,681)
 
 
$—
 
 
$(5,622,681)
Put Options Written
 
 
—
 
 
(3,288,024)
 
 
—
 
 
(3,288,024)
Total Liabilities
 
 
$—
 
 
$(8,910,705)
 
 
$—
 
 
$(8,910,705)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
72
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 95.9%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 95.9%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
December 2026
 
 
$30.55
 
 
1,163
 
 
$3,552,965
 
 
$76,320,910
Total Options Purchased – Calls
(Cost $75,147,762)
 
 
 
 
 
 
 
 
3,552,965
 
 
76,320,910
OPTION PURCHASED – PUTS(b)(c) – 6.3%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 6.3%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
December 2026
 
 
707.36
 
 
1,163
 
 
82,265,968
 
 
5,026,079
Total Options Purchased – Puts
(Cost $5,542,957)
 
 
 
 
 
 
 
 
82,265,968
 
 
5,026,079
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.0%*
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.0%*
 
 
 
 
 
 
 
 
 
 
Australia & New Zealand Banking Group Ltd., New York, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$20,502
 
 
20,502
Total Short-Term Investments
(Cost $20,502)
 
 
 
 
 
 
 
 
 
 
20,502
Total Investments – 102.2%
(Cost $80,711,221)
 
 
 
 
 
 
 
 
 
 
81,367,491
Other assets less liabilities – (2.2)%
 
 
 
 
 
 
 
 
 
 
(1,806,857)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$79,560,634
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
December 2026
 
 
$579.63
 
 
1,163
 
 
$1,877,778
 
 
$67,410,969
 
 
$(1,757,026)
 
 
 
 
 
 
 
 
$1,877,778
 
 
$67,410,969
 
 
$(1,757,026)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,877,778
 
 
$ 67,410,969
 
 
$(1,757,026)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*
 
 
Rounds to less than 0.05%.
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
73
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
74
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$76,320,910
 
 
$—
 
 
$76,320,910
Option Purchased - Puts
 
 
—
 
 
5,026,079
 
 
—
 
 
5,026,079
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
20,502
 
 
—
 
 
—
 
 
20,502
Total Assets
 
 
$20,502
 
 
$81,346,989
 
 
$—
 
 
$81,367,491
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(1,757,026)
 
 
$—
 
 
$(1,757,026)
Total Liabilities
 
 
$—
 
 
$(1,757,026)
 
 
$—
 
 
$(1,757,026)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
75
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 95.3%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 95.3%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
January 2027
 
 
$31.48
 
 
632
 
 
$1,989,536
 
 
$41,404,216
Total Options Purchased – Calls
(Cost $41,406,649)
 
 
 
 
 
 
 
 
1,989,536
 
 
41,404,216
OPTION PURCHASED – PUTS(b)(c) – 7.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 7.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
January 2027
 
 
718.26
 
 
632
 
 
45,394,032
 
 
3,129,664
Total Options Purchased – Puts
(Cost $3,132,097)
 
 
 
 
 
 
 
 
45,394,032
 
 
3,129,664
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.6%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.6%
 
 
 
 
 
 
 
 
 
 
Citibank, New York, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$264,792
 
 
264,792
Total Short-Term Investments
(Cost $264,792)
 
 
 
 
 
 
 
 
 
 
264,792
Total Investments – 103.1%
(Cost $44,803,538)
 
 
 
 
 
 
 
 
 
 
44,798,672
Other assets less liabilities – (3.1)%
 
 
 
 
 
 
 
 
 
 
(1,367,144)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$43,431,528
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
January 2027
 
 
$588.17
 
 
632
 
 
$1,127,583
 
 
$37,172,344
 
 
$(1,130,016)
 
 
 
 
 
 
 
 
$1,127,583
 
 
$37,172,344
 
 
$(1,130,016)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,127,583
 
 
$ 37,172,344
 
 
$(1,130,016)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
76
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
77
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$41,404,216
 
 
$—
 
 
$—
 
 
$41,404,216
Option Purchased - Puts
 
 
3,129,664
 
 
—
 
 
—
 
 
3,129,664
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
264,792
 
 
—
 
 
—
 
 
264,792
Total Assets
 
 
$44,798,672
 
 
$—
 
 
$—
 
 
$44,798,672
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$(1,130,016)
 
 
$—
 
 
$—
 
 
$(1,130,016)
Total Liabilities
 
 
$(1,130,016)
 
 
$—
 
 
$—
 
 
$(1,130,016)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
78
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c)– 100.0%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 100.0%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
February 2026
 
 
$25.91
 
 
390
 
 
$1,010,490
 
 
$25,978,091
Total Options Purchased – Calls
(Cost $22,707,094)
 
 
 
 
 
 
 
 
1,010,490
 
 
25,978,091
OPTION PURCHASED - PUTS(b)(c) – 0.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
February 2026
 
 
615.63
 
 
390
 
 
24,009,570
 
 
39,620
Total Options Purchased – Puts
(Cost $1,423,414)
 
 
 
 
 
 
 
 
24,009,570
 
 
39,620
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.4%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.4%
 
 
 
 
 
 
 
 
 
 
Citibank, New York, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$104,692
 
 
104,692
Total Short-Term Investments
(Cost $104,692)
 
 
 
 
 
 
 
 
 
 
104,692
Total Investments – 100.6%
(Cost $24,235,200)
 
 
 
 
 
 
 
 
 
 
26,122,403
Other assets less liabilities – (0.6)%
 
 
 
 
 
 
 
 
 
 
(144,879)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$25,977,524
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
February 2026
 
 
$505.05
 
 
390
 
 
$396,089
 
 
$19,696,950
 
 
$(6,509)
 
 
 
 
 
 
 
 
$396,089
 
 
$19,696,950
 
 
$(6,509)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$396,089
 
 
$19,696,950
 
 
$(6,509)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
79
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
80
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$25,978,091
 
 
$—
 
 
$25,978,091
Option Purchased - Puts
 
 
—
 
 
39,620
 
 
—
 
 
39,620
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
104,692
 
 
—
 
 
—
 
 
104,692
Total Assets
 
 
$104,692
 
 
$26,017,711
 
 
$—
 
 
$26,122,403
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(6,509)
 
 
$—
 
 
$(6,509)
Total Liabilities
 
 
$—
 
 
$(6,509)
 
 
$—
 
 
$(6,509)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
81
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Apr ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 100.0%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 100.0%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
$27.41
 
 
752
 
 
$2,061,232
 
 
$49,853,682
Total Options Purchased – Calls
(Cost $40,321,948)
 
 
 
 
 
 
 
 
2,061,232
 
 
49,853,682
OPTION PURCHASED – PUTS(b)(c) – 0.3%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.3%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
582.60
 
 
752
 
 
43,811,520
 
 
145,256
Total Options Purchased – Puts
(Cost $2,813,365)
 
 
 
 
 
 
 
 
43,811,520
 
 
145,256
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.4%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.4%
 
 
 
 
 
 
 
 
 
 
Skandinaviska Enskilda Banken AB, Stockholm, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$178,489
 
 
178,489
Total Short-Term Investments
(Cost $178,489)
 
 
 
 
 
 
 
 
 
 
178,489
Total Investments – 100.7%
(Cost $43,313,802)
 
 
 
 
 
 
 
 
 
 
50,177,427
Other assets less liabilities – (0.7)%
 
 
 
 
 
 
 
 
 
 
(315,255)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$49,862,172
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
$475.48
 
 
752
 
 
$904,307
 
 
$35,756,096
 
 
$(39,924)
 
 
 
 
 
 
 
 
$904,307
 
 
$35,756,096
 
 
$(39,924)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$904,307
 
 
$35,756,096
 
 
$(39,924)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
82
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Apr ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer15 Uncapped Apr ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
83
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Apr ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Apr ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$49,853,682
 
 
$—
 
 
$49,853,682
Option Purchased - Puts
 
 
—
 
 
145,256
 
 
—
 
 
145,256
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
178,489
 
 
—
 
 
—
 
 
178,489
Total Assets
 
 
$178,489
 
 
$49,998,938
 
 
$—
 
 
$50,177,427
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(39,924)
 
 
$—
 
 
$(39,924)
Total Liabilities
 
 
$—
 
 
$(39,924)
 
 
$—
 
 
$(39,924)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
84
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped May ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 99.7%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 99.7%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
April 2026
 
 
$31.28
 
 
422
 
 
$1,320,016
 
 
$27,818,742
Total Options Purchased – Calls
(Cost $22,800,184)
 
 
 
 
 
 
 
 
1,320,016
 
 
27,818,742
OPTION PURCHASED – PUTS(b)(c) – 0.5%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.5%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
April 2026
 
 
581.66
 
 
422
 
 
24,546,052
 
 
146,637
Total Options Purchased – Puts
(Cost $1,766,774)
 
 
 
 
 
 
 
 
24,546,052
 
 
146,637
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.4%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.4%
 
 
 
 
 
 
 
 
 
 
Sumitomo Corporation, Tokyo,
2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$113,625
 
 
113,625
Total Short-Term Investments
(Cost $113,625)
 
 
 
 
 
 
 
 
 
 
113,625
Total Investments – 100.6%
(Cost $24,680,583)
 
 
 
 
 
 
 
 
 
 
28,079,004
Other assets less liabilities – (0.6)%
 
 
 
 
 
 
 
 
 
 
(178,710)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$27,900,294
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
April 2026
 
 
$471.36
 
 
422
 
 
$586,989
 
 
$19,891,392
 
 
$(45,454)
 
 
 
 
 
 
 
 
$586,989
 
 
$19,891,392
 
 
$(45,454)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$586,989
 
 
$19,891,392
 
 
$(45,454)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
85
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped May ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer15 Uncapped May ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
86
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped May ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped May ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$27,818,742
 
 
$—
 
 
$27,818,742
Option Purchased - Puts
 
 
—
 
 
146,637
 
 
—
 
 
146,637
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
113,625
 
 
—
 
 
—
 
 
113,625
Total Assets
 
 
$113,625
 
 
$27,965,379
 
 
$—
 
 
$28,079,004
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(45,454)
 
 
$—
 
 
$(45,454)
Total Liabilities
 
 
$—
 
 
$(45,454)
 
 
$—
 
 
$(45,454)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
87
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Jun ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 99.3%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 99.3%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
May 2026
 
 
$27.70
 
 
403
 
 
$1,116,310
 
 
$26,718,642
Total Options Purchased – Calls
(Cost $23,175,941)
 
 
 
 
 
 
 
 
1,116,310
 
 
26,718,642
OPTION PURCHASED – PUTS(b)(c) – 1.1%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 1.1%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
May 2026
 
 
612.67
 
 
403
 
 
24,690,601
 
 
293,569
Total Options Purchased – Puts
(Cost $1,467,915)
 
 
 
 
 
 
 
 
24,690,601
 
 
293,569
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.3%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.3%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd., London, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$80,094
 
 
80,094
Total Short-Term Investments
(Cost $80,094)
 
 
 
 
 
 
 
 
 
 
80,094
Total Investments – 100.7%
(Cost $24,723,950)
 
 
 
 
 
 
 
 
 
 
27,092,305
Other assets less liabilities – (0.7)%
 
 
 
 
 
 
 
 
 
 
(199,877)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$26,892,428
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
May 2026
 
 
$500.98
 
 
403
 
 
$501,078
 
 
$20,189,494
 
 
$(85,146)
 
 
 
 
 
 
 
 
$501,078
 
 
$20,189,494
 
 
$(85,146)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$501,078
 
 
$20,189,494
 
 
$(85,146)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
88
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Jun ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer15 Uncapped Jun ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
89
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Jun ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Jun ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$26,718,642
 
 
$—
 
 
$26,718,642
Option Purchased - Puts
 
 
—
 
 
293,569
 
 
—
 
 
293,569
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
80,094
 
 
—
 
 
—
 
 
80,094
Total Assets
 
 
$80,094
 
 
$27,012,211
 
 
$—
 
 
$27,092,305
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(85,146)
 
 
$—
 
 
$(85,146)
Total Liabilities
 
 
$—
 
 
$(85,146)
 
 
$—
 
 
$(85,146)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
90
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Jul ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 98.6%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 98.6%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
June 2026
 
 
$27.06
 
 
2,112
 
 
$5,715,072
 
 
$139,813,365
Total Options Purchased – Calls
(Cost $127,778,516)
 
 
 
 
 
 
 
 
5,715,072
 
 
139,813,365
OPTION PURCHASED – PUTS(b)(c) – 2.0%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.0%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
June 2026
 
 
640.28
 
 
2,112
 
 
135,227,136
 
 
2,790,628
Total Options Purchased – Puts
(Cost $6,953,377)
 
 
 
 
 
 
 
 
135,227,136
 
 
2,790,628
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.3%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.3%
 
 
 
 
 
 
 
 
 
 
Skandinaviska Enskilda Banken AB, Stockholm, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$413,669
 
 
413,669
Total Short-Term Investments
(Cost $413,669)
 
 
 
 
 
 
 
 
 
 
413,669
Total Investments – 100.9%
(Cost $135,145,562)
 
 
 
 
 
 
 
 
 
 
143,017,662
Other assets less liabilities – (0.9)%
 
 
 
 
 
 
 
 
 
 
(1,293,046)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$141,724,616
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
June 2026
 
 
$525.17
 
 
2,112
 
 
$2,294,954
 
 
$110,915,904
 
 
$(786,509)
 
 
 
 
 
 
 
 
$2,294,954
 
 
$110,915,904
 
 
$(786,509)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$2,294,954
 
 
$110,915,904
 
 
$(786,509)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
91
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Jul ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer15 Uncapped Jul ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
92
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Jul ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Jul ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$139,813,365
 
 
$—
 
 
$139,813,365
Option Purchased - Puts
 
 
—
 
 
2,790,628
 
 
—
 
 
2,790,628
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
413,669
 
 
—
 
 
—
 
 
413,669
Total Assets
 
 
$413,669
 
 
$142,603,993
 
 
$—
 
 
$143,017,662
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(786,509)
 
 
$—
 
 
$(786,509)
Total Liabilities
 
 
$—
 
 
$(786,509)
 
 
$—
 
 
$(786,509)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
93
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 98.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 98.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
July 2026
 
 
$25.60
 
 
539
 
 
$1,379,840
 
 
$35,783,143
Total Options Purchased – Calls
(Cost $33,107,990)
 
 
 
 
 
 
 
 
1,379,840
 
 
35,783,143
OPTION PURCHASED – PUTS(b)(c) – 2.6%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.6%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
July 2026
 
 
652.94
 
 
539
 
 
35,193,466
 
 
958,008
Total Options Purchased – Puts
(Cost $1,890,368)
 
 
 
 
 
 
 
 
35,193,466
 
 
958,008
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.4%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.4%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd., London, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$132,296
 
 
132,296
Total Short-Term Investments
(Cost $132,296)
 
 
 
 
 
 
 
 
 
 
132,296
Total Investments – 101.2%
(Cost $35,130,654)
 
 
 
 
 
 
 
 
 
 
36,873,447
Other assets less liabilities – (1.2)%
 
 
 
 
 
 
 
 
 
 
(412,082)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$36,461,365
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
July 2026
 
 
$537.27
 
 
539
 
 
$640,049
 
 
$28,958,853
 
 
$(287,923)
 
 
 
 
 
 
 
 
$640,049
 
 
$28,958,853
 
 
$(287,923)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$640,049
 
 
$28,958,853
 
 
$(287,923)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
94
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
95
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$35,783,143
 
 
$—
 
 
$35,783,143
Option Purchased - Puts
 
 
—
 
 
958,008
 
 
—
 
 
958,008
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
132,296
 
 
—
 
 
—
 
 
132,296
Total Assets
 
 
$132,296
 
 
$36,741,151
 
 
$—
 
 
$36,873,447
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(287,923)
 
 
$—
 
 
$(287,923)
Total Liabilities
 
 
$—
 
 
$(287,923)
 
 
$—
 
 
$(287,923)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
96
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 97.7%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 97.7%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
August 2026
 
 
$27.09
 
 
1,941
 
 
$5,258,169
 
 
$128,618,288
Total Options Purchased – Calls
(Cost $120,128,600)
 
 
 
 
 
 
 
 
5,258,169
 
 
128,618,288
OPTION PURCHASED – PUTS(b)(c) – 3.4%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 3.4%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
August 2026
 
 
667.30
 
 
1,941
 
 
129,522,930
 
 
4,460,030
Total Options Purchased – Puts
(Cost $7,565,739)
 
 
 
 
 
 
 
 
129,522,930
 
 
4,460,030
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.2%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.2%
 
 
 
 
 
 
 
 
 
 
Sumitomo Corporation, Tokyo,
2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$254,901
 
 
254,901
Total Short-Term Investments
(Cost $254,901)
 
 
 
 
 
 
 
 
 
 
254,901
Total Investments – 101.3%
(Cost $127,949,240)
 
 
 
 
 
 
 
 
 
 
133,333,219
Other assets less liabilities – (1.3)%
 
 
 
 
 
 
 
 
 
 
(1,761,749)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$131,571,470
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
August 2026
 
 
$548.29
 
 
1,941
 
 
$2,583,270
 
 
$106,423,089
 
 
$(1,376,383)
 
 
 
 
 
 
 
 
$2,583,270
 
 
$106,423,089
 
 
$(1,376,383)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$2,583,270
 
 
$106,423,089
 
 
$(1,376,383)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
97
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
98
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$128,618,288
 
 
$—
 
 
$128,618,288
Option Purchased - Puts
 
 
—
 
 
4,460,030
 
 
—
 
 
4,460,030
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
254,901
 
 
—
 
 
—
 
 
254,901
Total Assets
 
 
$254,901
 
 
$133,078,318
 
 
$—
 
 
$133,333,219
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(1,376,383)
 
 
$—
 
 
$(1,376,383)
Total Liabilities
 
 
$—
 
 
$(1,376,383)
 
 
$—
 
 
$(1,376,383)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
99
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 96.8%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 96.8%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
$30.18
 
 
1,014
 
 
$3,060,252
 
 
$66,735,852
Total Options Purchased – Calls
(Cost $64,346,082)
 
 
 
 
 
 
 
 
3,060,252
 
 
66,735,852
OPTION PURCHASED – PUTS(b)(c) – 4.7%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 4.7%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
691.36
 
 
1,014
 
 
70,103,904
 
 
3,256,948
Total Options Purchased – Puts
(Cost $4,429,974)
 
 
 
 
 
 
 
 
70,103,904
 
 
3,256,948
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.2%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.2%
 
 
 
 
 
 
 
 
 
 
Skandinaviska Enskilda Banken AB, Stockholm, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$132,151
 
 
132,151
Total Short-Term Investments
(Cost $132,151)
 
 
 
 
 
 
 
 
 
 
132,151
Total Investments – 101.7%
(Cost $68,908,207)
 
 
 
 
 
 
 
 
 
 
70,124,951
Other assets less liabilities – (1.7)%
 
 
 
 
 
 
 
 
 
 
(1,156,016)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$68,968,935
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
$566.25
 
 
1,014
 
 
$1,524,421
 
 
$57,417,750
 
 
$(998,435)
 
 
 
 
 
 
 
 
$1,524,421
 
 
$57,417,750
 
 
$(998,435)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,524,421
 
 
$57,417,750
 
 
$(998,435)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
100
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
101
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$66,735,852
 
 
$—
 
 
$66,735,852
Option Purchased - Puts
 
 
—
 
 
3,256,948
 
 
—
 
 
3,256,948
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
132,151
 
 
—
 
 
—
 
 
132,151
Total Assets
 
 
$132,151
 
 
$69,992,800
 
 
$—
 
 
$70,124,951
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(998,435)
 
 
$—
 
 
$(998,435)
Total Liabilities
 
 
$—
 
 
$(998,435)
 
 
$—
 
 
$(998,435)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
102
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 96.1%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 96.1%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
October 2026
 
 
$32.19
 
 
566
 
 
$1,821,954
 
 
$37,151,209
Total Options Purchased – Calls
(Cost $36,540,198)
 
 
 
 
 
 
 
 
1,821,954
 
 
37,151,209
OPTION PURCHASED – PUTS(b)(c) – 5.8%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 5.8%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
October 2026
 
 
709.14
 
 
566
 
 
40,137,324
 
 
2,256,416
Total Options Purchased – Puts
(Cost $2,768,114)
 
 
 
 
 
 
 
 
40,137,324
 
 
2,256,416
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.1%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.1%
 
 
 
 
 
 
 
 
 
 
Bank of Nova Scotia,
Toronto, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$42,953
 
 
42,953
Total Short-Term Investments
(Cost $42,953)
 
 
 
 
 
 
 
 
 
 
42,953
Total Investments – 102.0%
(Cost $39,351,265)
 
 
 
 
 
 
 
 
 
 
39,450,578
Other assets less liabilities – (2.0)%
 
 
 
 
 
 
 
 
 
 
(771,897)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$38,678,681
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
October 2026
 
 
$579.75
 
 
566
 
 
$1,003,392
 
 
$32,813,850
 
 
$(703,187)
 
 
 
 
 
 
 
 
$1,003,392
 
 
$32,813,850
 
 
$(703,187)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,003,392
 
 
$32,813,850
 
 
$(703,187)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
103
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
104
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$37,151,209
 
 
$—
 
 
$37,151,209
Option Purchased - Puts
 
 
—
 
 
2,256,416
 
 
—
 
 
2,256,416
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
42,953
 
 
—
 
 
—
 
 
42,953
Total Assets
 
 
$42,953
 
 
$39,407,625
 
 
$—
 
 
$39,450,578
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(703,187)
 
 
$—
 
 
$(703,187)
Total Liabilities
 
 
$—
 
 
$(703,187)
 
 
$—
 
 
$(703,187)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
105
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 95.9%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 95.9%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
November 2026
 
 
$32.32
 
 
4,158
 
 
$13,438,656
 
 
$272,940,309
Total Options Purchased – Calls
(Cost $268,819,269)
 
 
 
 
 
 
 
 
13,438,656
 
 
272,940,309
OPTION PURCHASED – PUTS(b)(c) – 6.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 6.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
November 2026
 
 
710.59
 
 
4,158
 
 
295,463,322
 
 
17,539,567
Total Options Purchased – Puts
(Cost $20,553,398)
 
 
 
 
 
 
 
 
295,463,322
 
 
17,539,567
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.1%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.1%
 
 
 
 
 
 
 
 
 
 
Australia & New Zealand Banking Group Ltd., New York, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$219,188
 
 
219,188
Total Short-Term Investments
(Cost $219,188)
 
 
 
 
 
 
 
 
 
 
219,188
Total Investments – 102.2%
(Cost $289,591,855)
 
 
 
 
 
 
 
 
 
 
290,699,064
Other assets less liabilities – (2.2)%
 
 
 
 
 
 
 
 
 
 
(6,122,013)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$284,577,051
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
November 2026
 
 
$580.88
 
 
4,158
 
 
$7,220,578
 
 
$241,529,904
 
 
$(5,767,271)
 
 
 
 
 
 
 
 
$7,220,578
 
 
$241,529,904
 
 
$(5,767,271)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$7,220,578
 
 
$241,529,904
 
 
$(5,767,271)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
106
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
107
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$272,940,309
 
 
$—
 
 
$272,940,309
Option Purchased - Puts
 
 
—
 
 
17,539,567
 
 
—
 
 
17,539,567
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
219,188
 
 
—
 
 
—
 
 
219,188
Total Assets
 
 
$219,188
 
 
$290,479,876
 
 
$—
 
 
$290,699,064
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(5,767,271)
 
 
$—
 
 
$(5,767,271)
Total Liabilities
 
 
$—
 
 
$(5,767,271)
 
 
$—
 
 
$(5,767,271)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
108
 
AIM ETF PRODUCTS TRUST
AllianzIM International Equity Buffer15 Uncapped Jan ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 95.3%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 95.3%
 
 
 
 
 
 
 
 
 
 
iShares MSCI EAFE ETF
 
 
December 2026
 
 
$3.27
 
 
499
 
 
$163,173
 
 
$4,757,965
Total Options Purchased – Calls
(Cost $4,759,137)
 
 
 
 
 
 
 
 
163,173
 
 
4,757,965
OPTION PURCHASED – PUTS(b)(c) – 6.3%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 6.3%
 
 
 
 
 
 
 
 
 
 
iShares MSCI EAFE ETF
 
 
December 2026
 
 
103.26
 
 
499
 
 
5,152,674
 
 
316,366
Total Options Purchased – Puts
(Cost $317,539)
 
 
 
 
 
 
 
 
5,152,674
 
 
316,366
Total Investments – 101.6%
(Cost $5,076,676)
 
 
 
 
 
 
 
 
 
 
5,074,331
Other assets less liabilities – (1.6)%
 
 
 
 
 
 
 
 
 
 
(77,849)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$4,996,482
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
iShares MSCI EAFE ETF
 
 
December 2026
 
 
$85.63
 
 
499
 
 
$84,156
 
 
$4,272,937
 
 
$(85,329)
 
 
 
 
 
 
 
 
$84,156
 
 
$4,272,937
 
 
$(85,329)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$84,156
 
 
$4,272,937
 
 
$(85,329)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
109
 
AIM ETF PRODUCTS TRUST
AllianzIM International Equity Buffer15 Uncapped Jan ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM International Equity Buffer15 Uncapped Jan ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
110
 
AIM ETF PRODUCTS TRUST
AllianzIM International Equity Buffer15 Uncapped Jan ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM International Equity Buffer15 Uncapped Jan ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$4,757,965
 
 
$—
 
 
$—
 
 
$4,757,965
Option Purchased - Puts
 
 
316,366
 
 
—
 
 
—
 
 
316,366
Total Assets
 
 
$5,074,331
 
 
$—
 
 
$—
 
 
$5,074,331
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$(85,329)
 
 
$—
 
 
$—
 
 
$(85,329)
Total Liabilities
 
 
$(85,329)
 
 
$—
 
 
$—
 
 
$(85,329)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
111
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 99.7%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 99.7%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
June 2026
 
 
$5.05
 
 
2,229
 
 
$1,125,645
 
 
$152,384,694
Total Options Purchased – Calls
(Cost $150,290,032)
 
 
 
 
 
 
 
 
1,125,645
 
 
152,384,694
OPTION PURCHASED – PUTS(b)(c) – 3.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 3.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
June 2026
 
 
681.85
 
 
2,229
 
 
151,984,365
 
 
4,882,067
Total Options Purchased – Puts
(Cost $5,604,085)
 
 
 
 
 
 
 
 
151,984,365
 
 
4,882,067
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.4%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.4%
 
 
 
 
 
 
 
 
 
 
Sumitomo Corporation, Tokyo,
2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$660,826
 
 
660,826
Total Short-Term Investments
(Cost $660,826)
 
 
 
 
 
 
 
 
 
 
660,826
Total Investments – 103.3%
(Cost $156,554,943)
 
 
 
 
 
 
 
 
 
 
157,927,587
Other assets less liabilities – (3.3)%
 
 
 
 
 
 
 
 
 
 
(5,111,035)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$152,816,552
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
June 2026
 
 
$729.59
 
 
2,229
 
 
$2,501,063
 
 
$162,625,611
 
 
$(2,850,624)
 
 
 
 
 
 
 
 
$2,501,063
 
 
$162,625,611
 
 
$(2,850,624)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
June 2026
 
 
$613.73
 
 
2,229
 
 
$2,416,427
 
 
$136,800,417
 
 
$(2,165,830)
 
 
 
 
 
 
 
 
$2,416,427
 
 
$136,800,417
 
 
$(2,165,830)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$4,917,490
 
 
$299,426,028
 
 
$(5,016,454)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
112
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
113
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$152,384,694
 
 
$—
 
 
$152,384,694
Option Purchased - Puts
 
 
—
 
 
4,882,067
 
 
—
 
 
4,882,067
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
660,826
 
 
—
 
 
—
 
 
660,826
Total Assets
 
 
$660,826
 
 
$157,266,761
 
 
$—
 
 
$157,927,587
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(2,850,624)
 
 
$—
 
 
$(2,850,624)
Put Options Written
 
 
—
 
 
(2,165,830)
 
 
—
 
 
(2,165,830)
Total Liabilities
 
 
$—
 
 
$(5,016,454)
 
 
$—
 
 
$(5,016,454)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
114
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Feb/Aug ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 99.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 99.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
July 2026
 
 
$5.12
 
 
621
 
 
$317,952
 
 
$42,460,254
Total Options Purchased – Calls
(Cost $42,462,645)
 
 
 
 
 
 
 
 
317,952
 
 
42,460,254
OPTION PURCHASED – PUTS(b)(c) – 4.0%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 4.0%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
July 2026
 
 
691.90
 
 
621
 
 
42,966,990
 
 
1,714,581
Total Options Purchased – Puts
(Cost $1,716,972)
 
 
 
 
 
 
 
 
42,966,990
 
 
1,714,581
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.8%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.8%
 
 
 
 
 
 
 
 
 
 
Skandinaviska Enskilda Banken AB,
Stockholm, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$349,936
 
 
349,936
Total Short-Term Investments
(Cost $349,936)
 
 
 
 
 
 
 
 
 
 
349,936
Total Investments – 104.0%
(Cost $44,529,553)
 
 
 
 
 
 
 
 
 
 
44,524,771
Other assets less liabilities – (4.0)%
 
 
 
 
 
 
 
 
 
 
(1,735,017)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$42,789,754
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
July 2026
 
 
$743.52
 
 
621
 
 
$719,832
 
 
$46,172,592
 
 
$(722,223)
 
 
 
 
 
 
 
 
$719,832
 
 
$46,172,592
 
 
$(722,223)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
July 2026
 
 
$622.77
 
 
621
 
 
$801,183
 
 
$38,674,017
 
 
$(803,574)
 
 
 
 
 
 
 
 
$801,183
 
 
$38,674,017
 
 
$(803,574)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,521,015
 
 
$84,846,609
 
 
$(1,525,797)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
115
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Feb/Aug ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity 6 Month Buffer10 Feb/Aug ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
116
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Feb/Aug ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity 6 Month Buffer10 Feb/Aug ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$42,460,254
 
 
$—
 
 
$—
 
 
$42,460,254
Option Purchased - Puts
 
 
1,714,581
 
 
—
 
 
—
 
 
1,714,581
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
349,936
 
 
—
 
 
—
 
 
349,936
Total Assets
 
 
$44,524,771
 
 
$—
 
 
$—
 
 
$44,524,771
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$(722,223)
 
 
$—
 
 
$—
 
 
$(722,223)
Put Options Written
 
 
(803,574)
 
 
—
 
 
—
 
 
(803,574)
Total Liabilities
 
 
$(1,525,797)
 
 
$—
 
 
$—
 
 
$(1,525,797)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
117
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED - CALLS(b)(c) – 101.3%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 101.3%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
February 2026
 
 
$4.77
 
 
716
 
 
$341,532
 
 
$49,200,591
Total Options Purchased - Calls
(Cost $45,971,205)
 
 
 
 
 
 
 
 
341,532
 
 
49,200,591
OPTION PURCHASED – PUTS(b)(c) – 0.3%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.3%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
February 2026
 
 
644.99
 
 
716
 
 
46,181,284
 
 
156,253
Total Options Purchased - Puts
(Cost $1,726,885)
 
 
 
 
 
 
 
 
46,181,284
 
 
156,253
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 1.5%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 1.5%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$707,971
 
 
707,971
Total Short-Term Investments
(Cost $707,971)
 
 
 
 
 
 
 
 
 
 
707,971
Total Investments – 103.1%
(Cost $48,406,061)
 
 
 
 
 
 
 
 
 
 
50,064,815
Other assets less liabilities – (3.1)%
 
 
 
 
 
 
 
 
 
 
(1,494,846)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$48,569,969
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
February 2026
 
 
$691.19
 
 
716
 
 
$568,611
 
 
$49,489,204
 
 
$(900,492)
 
 
 
 
 
 
 
 
$568,611
 
 
$49,489,204
 
 
$(900,492)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
February 2026
 
 
$580.55
 
 
716
 
 
$675,782
 
 
$41,567,380
 
 
$(37,082)
 
 
 
 
 
 
 
 
$675,782
 
 
$41,567,380
 
 
$(37,082)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,244,393
 
 
$91,056,584
 
 
$(937,574)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
118
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
119
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$49,200,591
 
 
$—
 
 
$49,200,591
Option Purchased - Puts
 
 
—
 
 
156,253
 
 
—
 
 
156,253
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
707,971
 
 
—
 
 
—
 
 
707,971
Total Assets
 
 
$707,971
 
 
$49,356,844
 
 
$—
 
 
$50,064,815
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(900,492)
 
 
$—
 
 
$(3,743,493)
Put Options Written
 
 
—
 
 
(37,082)
 
 
—
 
 
(1,495,797)
Total Liabilities
 
 
$—
 
 
$(937,574)
 
 
$—
 
 
$(937,574)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
120
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 99.6%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 99.6%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
$4.93
 
 
5,927
 
 
$2,922,011
 
 
$406,151,350
Total Options Purchased – Calls
(Cost $395,120,349)
 
 
 
 
 
 
 
 
2,922,011
 
 
406,151,350
OPTION PURCHASED – PUTS(b)(c) – 1.3%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 1.3%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
666.11
 
 
5,927
 
 
394,803,397
 
 
5,198,868
Total Options Purchased – Puts
(Cost $13,069,403)
 
 
 
 
 
 
 
 
394,803,397
 
 
5,198,868
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.5%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.5%
 
 
 
 
 
 
 
 
 
 
Australia & New Zealand Banking Group Ltd.,
New York, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$1,727,152
 
 
1,727,152
Skandinaviska Enskilda Banken AB,
Stockholm, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
458,119
 
 
458,119
Total Short-Term Investments
(Cost $2,185,271)
 
 
 
 
 
 
 
 
 
 
2,185,271
Total Investments – 101.4%
(Cost $410,375,023)
 
 
 
 
 
 
 
 
 
 
413,535,489
Other assets less liabilities – (1.4)%
 
 
 
 
 
 
 
 
 
 
(6,047,744)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$407,487,745
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
$714.28
 
 
5,927
 
 
$7,631,826
 
 
$423,353,756
 
 
$(3,743,493)
 
 
 
 
 
 
 
 
$7,631,826
 
 
$423,353,756
 
 
$(3,743,493)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
$599.56
 
 
5,927
 
 
$5,705,075
 
 
$355,359,212
 
 
$(1,495,797)
 
 
 
 
 
 
 
 
$5,705,075
 
 
$355,359,212
 
 
$(1,495,797)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$13,336,901
 
 
$778,712,968
 
 
$(5,239,290)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
121
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
122
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$406,151,350
 
 
$—
 
 
$406,151,350
Option Purchased - Puts
 
 
—
 
 
5,198,868
 
 
—
 
 
5,198,868
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
2,185,271
 
 
—
 
 
—
 
 
2,185,271
Total Assets
 
 
$2,185,271
 
 
$411,350,218
 
 
$—
 
 
$413,535,489
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(3,743,493)
 
 
$—
 
 
$(3,743,493)
Put Options Written
 
 
—
 
 
(1,495,797)
 
 
—
 
 
(1,495,797)
Total Liabilities
 
 
$—
 
 
$(5,239,290)
 
 
$—
 
 
$(5,239,290)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
123
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 98.7%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 98.7%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
April 2026
 
 
$5.05
 
 
775
 
 
$391,375
 
 
$53,101,629
Total Options Purchased – Calls
(Cost $51,723,360)
 
 
 
 
 
 
 
 
391,375
 
 
53,101,629
OPTION PURCHASED – PUTS(b)(c) – 2.3%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.3%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
April 2026
 
 
681.99
 
 
775
 
 
52,854,225
 
 
1,222,477
Total Options Purchased – Puts
(Cost $2,270,602)
 
 
 
 
 
 
 
 
52,854,225
 
 
1,222,477
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.5%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.5%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$289,198
 
 
289,198
Total Short-Term Investments
(Cost $289,198)
 
 
 
 
 
 
 
 
 
 
289,198
Total Investments – 101.5%
(Cost $54,283,160)
 
 
 
 
 
 
 
 
 
 
54,613,304
Other assets less liabilities – (1.5)%
 
 
 
 
 
 
 
 
 
 
(822,837)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$53,790,467
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
April 2026
 
 
$736.88
 
 
775
 
 
$692,463
 
 
$57,108,200
 
 
$(310,488)
 
 
 
 
 
 
 
 
$692,463
 
 
$57,108,200
 
 
$(310,488)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
April 2026
 
 
$613.85
 
 
775
 
 
$1,026,550
 
 
$47,573,375
 
 
$(421,352)
 
 
 
 
 
 
 
 
$1,026,550
 
 
$47,573,375
 
 
$(421,352)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,719,013
 
 
$104,681,575
 
 
$(731,840)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
124
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
125
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$53,101,629
 
 
$—
 
 
$53,101,629
Option Purchased - Puts
 
 
—
 
 
1,222,477
 
 
—
 
 
1,222,477
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
289,198
 
 
—
 
 
—
 
 
289,198
Total Assets
 
 
$289,198
 
 
$54,324,106
 
 
$—
 
 
$54,613,304
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(310,488)
 
 
$—
 
 
$(310,488)
Put Options Written
 
 
—
 
 
(421,352)
 
 
—
 
 
(421,352)
Total Liabilities
 
 
$—
 
 
$(731,840)
 
 
$—
 
 
$(731,840)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
126
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 99.0%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 99.0%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
May 2026
 
 
$5.06
 
 
516
 
 
$261,096
 
 
$35,363,260
Total Options Purchased – Calls
(Cost $34,795,643)
 
 
 
 
 
 
 
 
261,096
 
 
35,363,260
OPTION PURCHASED – PUTS(b)(c) – 2.7%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.7%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
May 2026
 
 
683.32
 
 
516
 
 
35,259,312
 
 
975,168
Total Options Purchased – Puts
(Cost $1,384,520)
 
 
 
 
 
 
 
 
35,259,312
 
 
975,168
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.5%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.5%
 
 
 
 
 
 
 
 
 
 
Skandinaviska Enskilda Banken AB, Stockholm, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$189,985
 
 
189,985
Total Short-Term Investments
(Cost $189,985)
 
 
 
 
 
 
 
 
 
 
189,985
Total Investments – 102.2%
(Cost $36,370,148)
 
 
 
 
 
 
 
 
 
 
36,528,413
Other assets less liabilities – (2.2)%
 
 
 
 
 
 
 
 
 
 
(793,961)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$35,734,452
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
May 2026
 
 
$737.39
 
 
516
 
 
$531,624
 
 
$38,049,324
 
 
$(360,798)
 
 
 
 
 
 
 
 
$531,624
 
 
$38,049,324
 
 
$(360,798)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
May 2026
 
 
$615.05
 
 
516
 
 
$628,795
 
 
$31,736,580
 
 
$(387,439)
 
 
 
 
 
 
 
 
$628,795
 
 
$31,736,580
 
 
$(387,439)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,160,419
 
 
$69,785,904
 
 
$(748,237)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
127
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
128
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$35,363,260
 
 
$—
 
 
$35,363,260
Option Purchased - Puts
 
 
—
 
 
975,168
 
 
—
 
 
975,168
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
189,985
 
 
—
 
 
—
 
 
189,985
Total Assets
 
 
$189,985
 
 
$36,338,428
 
 
$—
 
 
$36,528,413
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(360,798)
 
 
$—
 
 
$(360,798)
Put Options Written
 
 
—
 
 
(387,439)
 
 
—
 
 
(387,439)
Total Liabilities
 
 
$—
 
 
$(748,237)
 
 
$—
 
 
$(748,237)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
129
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Floor5 Jan/Jul ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 99.6%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 99.6%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
June 2026
 
 
$5.18
 
 
141
 
 
$73,038
 
 
$9,637,605
Total Options Purchased – Calls
(Cost $9,511,509)
 
 
 
 
 
 
 
 
73,038
 
 
9,637,605
OPTION PURCHASED – PUTS(b)(c) – 2.1%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.1%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
June 2026
 
 
647.82
 
 
141
 
 
9,134,262
 
 
203,601
Total Options Purchased – Puts
(Cost $230,928)
 
 
 
 
 
 
 
 
9,134,262
 
 
203,601
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.6%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.6%
 
 
 
 
 
 
 
 
 
 
Citibank, New York, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$61,155
 
 
61,155
Total Short-Term Investments
(Cost $61,155)
 
 
 
 
 
 
 
 
 
 
61,155
Total Investments – 102.3%
(Cost $9,803,592)
 
 
 
 
 
 
 
 
 
 
9,902,361
Other assets less liabilities – (2.3)%
 
 
 
 
 
 
 
 
 
 
(225,092)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$9,677,269
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
June 2026
 
 
$722.97
 
 
141
 
 
$191,415
 
 
$10,193,877
 
 
$(219,496)
 
 
 
 
 
 
 
 
$191,415
 
 
$10,193,877
 
 
$(219,496)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$191,415
 
 
$10,193,877
 
 
$(219,496)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
130
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Floor5 Jan/Jul ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity 6 Month Floor5 Jan/Jul ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
131
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Floor5 Jan/Jul ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity 6 Month Floor5 Jan/Jul ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$9,637,605
 
 
$—
 
 
$9,637,605
Option Purchased - Puts
 
 
—
 
 
203,601
 
 
—
 
 
203,601
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
61,155
 
 
—
 
 
—
 
 
61,155
Total Assets
 
 
$61,155
 
 
$9,841,206
 
 
$—
 
 
$9,902,361
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(219,496)
 
 
$—
 
 
$(219,496)
Total Liabilities
 
 
$—
 
 
$(219,496)
 
 
$—
 
 
$(219,496)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
132
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 100.3%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 100.3%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
$5.06
 
 
147
 
 
$74,382
 
 
$10,071,371
Total Options Purchased – Calls
(Cost $9,685,813)
 
 
 
 
 
 
 
 
74,382
 
 
10,071,371
OPTION PURCHASED – PUTS(b)(c) – 0.7%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.7%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
632.87
 
 
147
 
 
9,303,189
 
 
67,200
Total Options Purchased – Puts
(Cost $242,381)
 
 
 
 
 
 
 
 
9,303,189
 
 
67,200
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.8%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.8%
 
 
 
 
 
 
 
 
 
 
Sumitomo Corporation,
Tokyo, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$76,392
 
 
76,392
Total Short-Term Investments
(Cost $76,392)
 
 
 
 
 
 
 
 
 
 
76,392
Total Investments – 101.8%
(Cost $10,004,586)
 
 
 
 
 
 
 
 
 
 
10,214,963
Other assets less liabilities – (1.8)%
 
 
 
 
 
 
 
 
 
 
(173,787)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$10,041,176
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
$705.82
 
 
147
 
 
$205,344
 
 
$10,375,554
 
 
$(145,836)
 
 
 
 
 
 
 
 
$205,344
 
 
$10,375,554
 
 
$(145,836)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$205,344
 
 
$10,375,554
 
 
$(145,836)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
133
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
134
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$10,071,371
 
 
$—
 
 
$10,071,371
Option Purchased - Puts
 
 
—
 
 
67,200
 
 
—
 
 
67,200
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
76,392
 
 
—
 
 
—
 
 
76,392
Total Assets
 
 
$76,392
 
 
$10,138,571
 
 
$—
 
 
$10,214,963
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(145,836)
 
 
$—
 
 
$(145,836)
Total Liabilities
 
 
$—
 
 
$(145,836)
 
 
$—
 
 
$(145,836)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
135
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 100.0%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 100.0%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
$5.11
 
 
404
 
 
$206,444
 
 
$27,677,143
Total Options Purchased – Calls
(Cost $27,325,353)
 
 
 
 
 
 
 
 
206,444
 
 
27,677,143
OPTION PURCHASED – PUTS(b)(c) – 1.8%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 1.8%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
681.85
 
 
404
 
 
27,546,740
 
 
493,038
Total Options Purchased – Puts
(Cost $652,699)
 
 
 
 
 
 
 
 
27,546,740
 
 
493,038
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.6%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.6%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$157,046
 
 
157,046
Total Short-Term Investments
(Cost $157,046)
 
 
 
 
 
 
 
 
 
 
157,046
Total Investments – 102.4%
(Cost $28,135,098)
 
 
 
 
 
 
 
 
 
 
28,327,227
Other assets less liabilities – (2.4)%
 
 
 
 
 
 
 
 
 
 
(657,067)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$27,670,160
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
$698.15
 
 
404
 
 
$508,336
 
 
$28,205,260
 
 
$(568,343)
 
 
 
 
 
 
 
 
$508,336
 
 
$28,205,260
 
 
$(568,343)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
$579.63
 
 
404
 
 
$104,399
 
 
$23,417,052
 
 
$(74,675)
 
 
 
 
 
 
 
 
$104,399
 
 
$23,417,052
 
 
$(74,675)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$612,735
 
 
$ 51,622,312
 
 
$(643,018)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
136
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer15 ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
137
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer15 ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$27,677,143
 
 
$—
 
 
$27,677,143
Option Purchased - Puts
 
 
—
 
 
493,038
 
 
—
 
 
493,038
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
157,046
 
 
—
 
 
—
 
 
157,046
Total Assets
 
 
$157,046
 
 
$28,170,181
 
 
$—
 
 
$28,327,227
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(568,343)
 
 
$—
 
 
$(568,343)
Put Options Written
 
 
—
 
 
(74,675)
 
 
—
 
 
(74,675)
Total Liabilities
 
 
$—
 
 
$(643,018)
 
 
$—
 
 
$(643,018)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
138
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer100 Protection ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 100.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 100.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
$5.05
 
 
405
 
 
$204,525
 
 
$27,748,057
Total Options Purchased – Calls
(Cost $27,399,588)
 
 
 
 
 
 
 
 
204,525
 
 
27,748,057
OPTION PURCHASED – PUTS(b)(c) – 1.8%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 1.8%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
681.92
 
 
405
 
 
27,617,760
 
 
495,003
Total Options Purchased – Puts
(Cost $657,845)
 
 
 
 
 
 
 
 
27,617,760
 
 
495,003
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.8%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.8%
 
 
 
 
 
 
 
 
 
 
Citibank, New York, 2.980%, 2/02/26(d)
 
 
 
 
 
 
 
 
$229,642
 
 
229,642
Total Short-Term Investments
(Cost $229,642)
 
 
 
 
 
 
 
 
 
 
229,642
Total Investments – 102.8%
(Cost $28,287,075)
 
 
 
 
 
 
 
 
 
 
28,472,702
Other assets less liabilities – (2.8)%
 
 
 
 
 
 
 
 
 
 
(773,158)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$27,699,544
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JANUARY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
March 2026
 
 
$681.92
 
 
305
 
 
$683,282
 
 
$20,798,560
 
 
$(758,596)
 
 
 
 
 
 
 
 
$683,282
 
 
$20,798,560
 
 
$(758,596)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$683,282
 
 
$20,798,560
 
 
$(758,596)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
 
Each contract equals 100 shares.
(b)
 
 
Non-income producing.
(c)
 
 
Held in connection with a written option, see Schedule of Written Options for more detail.
(d)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
139
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer100 Protection ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer100 Protection ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
140
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer100 Protection ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM U.S. Equity Buffer100 Protection ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$27,748,057
 
 
$—
 
 
$27,748,057
Option Purchased - Puts
 
 
—
 
 
495,003
 
 
—
 
 
495,003
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
229,642
 
 
—
 
 
—
 
 
229,642
Total Assets
 
 
$229,642
 
 
$28,243,060
 
 
$—
 
 
$28,472,702
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(758,596)
 
 
$—
 
 
$(758,596)
Total Liabilities
 
 
$—
 
 
$(758,596)
 
 
$—
 
 
$(758,596)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
141
 
AIM ETF PRODUCTS TRUST
AllianzIM Buffer20 Allocation ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Shares
 
 
Value
AFFILIATED EXCHANGE-TRADED FUNDS – 100.0%(a)(b)
 
 
 
 
AllianzIM U.S. Equity Buffer20 Dec ETF
 
 
125,876
 
 
$4,304,960
AllianzIM U.S. Equity Buffer20 Jul ETF
 
 
109,053
 
 
4,289,054
AllianzIM U.S. Equity Buffer20 Aug ETF
 
 
130,820
 
 
4,279,122
AllianzIM U.S. Equity Buffer20 Jun ETF
 
 
127,177
 
 
4,267,933
AllianzIM U.S. Equity Buffer20 Feb ETF
 
 
124,515
 
 
4,266,506
AllianzIM U.S. Equity Buffer20 Sep ETF
 
 
132,642
 
 
4,258,379
AllianzIM U.S. Equity Buffer20 Mar ETF
 
 
123,183
 
 
4,257,586
AllianzIM U.S. Equity Buffer20 Jan ETF
 
 
114,207
 
 
4,252,578
AllianzIM U.S. Equity Buffer20 Oct ETF
 
 
108,010
 
 
4,238,312
AllianzIM U.S. Equity Buffer20 Nov ETF
 
 
124,158
 
 
4,230,560
AllianzIM U.S. Equity Buffer20 May ETF
 
 
125,189
 
 
4,219,908
AllianzIM U.S. Equity Buffer20 Apr ETF
 
 
118,259
 
 
4,141,430
Total Affiliated Exchange-Traded Funds
(Cost $47,263,131)
 
 
 
 
51,006,328
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.0%*
 
 
 
 
Time Deposits – 0.0%*
 
 
 
 
Australia & New Zealand Banking Group Ltd., New York, 2.980%, 2/02/26(c)
 
 
$9,092
 
 
9,092
Total Short-Term Investments
(Cost $9,092)
 
 
 
 
9,092
Total Investments – 100.0%
(Cost $47,272,223)
 
 
 
 
51,015,420
Other assets less liabilities – 0.0%*
 
 
 
 
(2,071)
Net Assets – 100.0%
 
 
 
 
$51,013,349
 
 
 
 
 
 
 
*
 
 
Rounds to less than 0.05%.
(a)
 
 
Affiliated investment.
(b)
 
 
Non-income producing.
(c)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
142
 
AIM ETF PRODUCTS TRUST
AllianzIM Buffer20 Allocation ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM Buffer20 Allocation ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
143
 
AIM ETF PRODUCTS TRUST
AllianzIM Buffer20 Allocation ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM Buffer20 Allocation ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Affiliated Exchange-Traded Funds
 
 
$51,006,328
 
 
$—
 
 
$—
 
 
$51,006,328
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
9,092
 
 
—
 
 
—
 
 
9,092
Total Assets
 
 
$51,015,420
 
 
$—
 
 
$—
 
 
$51,015,420
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments in issuers considered to be affiliates of the Fund during the period ended January 31, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated
Investment
Company
 
 
Value as of October 31, 2025
 
 
Purchases
 
 
Sales
 
 
Realized Gain (Loss) on Investment Securities
 
 
Change in Unrealized Appreciation (Depreciation) of Investment Securities
 
 
Value as of January 31, 2026
 
 
Dividend Income
 
 
Shares as of January 31, 2026
AllianzIM U.S. Equity Buffer20 Dec ETF
 
 
$3,471,514
 
 
$738,714
 
 
$  —
 
 
$  —
 
 
$94,732
 
 
$4,304,960
 
 
$  —
 
 
125,876
AllianzIM U.S. Equity Buffer20 Jul ETF
 
 
3,477,693
 
 
739,189
 
 
—
 
 
—
 
 
72,172
 
 
4,289,054
 
 
—
 
 
109,053
AllianzIM U.S. Equity Buffer20 Aug ETF
 
 
3,470,297
 
 
739,044
 
 
—
 
 
—
 
 
69,781
 
 
4,279,122
 
 
—
 
 
130,820
AllianzIM U.S. Equity Buffer20 Jun ETF
 
 
3,461,217
 
 
739,020
 
 
—
 
 
—
 
 
67,696
 
 
4,267,933
 
 
—
 
 
127,177
AllianzIM U.S. Equity Buffer20 Feb ETF
 
 
3,427,503
 
 
739,229
 
 
—
 
 
—
 
 
99,774
 
 
4,266,506
 
 
—
 
 
124,515
AllianzIM U.S. Equity Buffer20 Sep ETF
 
 
3,451,886
 
 
738,671
 
 
—
 
 
—
 
 
67,822
 
 
4,258,379
 
 
—
 
 
132,642
AllianzIM U.S. Equity Buffer20 Mar ETF
 
 
3,433,476
 
 
739,016
 
 
—
 
 
—
 
 
85,094
 
 
4,257,586
 
 
—
 
 
123,183
AllianzIM U.S. Equity Buffer20 Jan ETF
 
 
3,428,961
 
 
739,483
 
 
—
 
 
—
 
 
84,134
 
 
4,252,578
 
 
—
 
 
114,207
AllianzIM U.S. Equity Buffer20 Oct ETF
 
 
3,438,147
 
 
738,844
 
 
—
 
 
—
 
 
61,321
 
 
4,238,312
 
 
—
 
 
108,010
AllianzIM U.S. Equity Buffer20 Nov ETF
 
 
3,431,913
 
 
738,659
 
 
—
 
 
—
 
 
59,988
 
 
4,230,560
 
 
—
 
 
124,158
AllianzIM U.S. Equity Buffer20 May ETF
 
 
3,412,440
 
 
739,288
 
 
—
 
 
—
 
 
68,180
 
 
4,219,908
 
 
—
 
 
125,189
AllianzIM U.S. Equity Buffer20 Apr ETF
 
 
3,334,019
 
 
739,465
 
 
—
 
 
—
 
 
67,946
 
 
4,141,430
 
 
—
 
 
118,259
 
 
$41,239,066
 
 
$8,868,622
 
 
$—
 
 
$—
 
 
$898,640
 
 
$51,006,328
 
 
$—
 
 
1,463,089
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
144
 
AIM ETF PRODUCTS TRUST
AllianzIM Buffer15 Uncapped Allocation ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Shares
 
 
Value
AFFILIATED EXCHANGE-TRADED FUNDS – 100.0%(a)(b)
 
 
 
 
AllianzIM U.S. Equity Buffer15 Uncapped Apr ETF
 
 
327,538
 
 
$10,045,262
AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF
 
 
343,729
 
 
10,038,812
AllianzIM U.S. Equity Buffer15 Uncapped May ETF
 
 
314,904
 
 
10,038,415
AllianzIM U.S. Equity Buffer15 Uncapped Jun ETF
 
 
325,988
 
 
10,016,438
AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF
 
 
336,393
 
 
10,007,221
AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF
 
 
356,934
 
 
10,004,860
AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF
 
 
342,023
 
 
10,004,173
AllianzIM U.S. Equity Buffer15 Uncapped Jul ETF
 
 
333,527
 
 
9,999,139
AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF
 
 
356,042
 
 
9,996,449
AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF
 
 
347,950
 
 
9,993,889
AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF
 
 
352,256
 
 
9,993,503
AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF
 
 
360,647
 
 
9,957,464
Total Affiliated Exchange-Traded Funds
(Cost $113,533,051)
 
 
 
 
120,095,625
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.0%*
 
 
 
 
Time Deposits – 0.0%*
 
 
 
 
Australia & New Zealand Banking Group Ltd., London, 2.980%, 2/02/26(c)
 
 
$18,139
 
 
18,139
Total Short-Term Investments
(Cost $18,139)
 
 
 
 
18,139
Total Investments – 100.0%
(Cost $113,551,190)
 
 
 
 
120,113,764
Other assets less liabilities – 0.0%*
 
 
 
 
(4,921)
Net Assets – 100.0%
 
 
 
 
$120,108,843
 
 
 
 
 
 
 
*
 
 
Rounds to less than 0.05%.
(a)
 
 
Affiliated investment.
(b)
 
 
Non-income producing.
(c)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
145
 
AIM ETF PRODUCTS TRUST
AllianzIM Buffer15 Uncapped Allocation ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM Buffer15 Uncapped Allocation ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
146
 
AIM ETF PRODUCTS TRUST
AllianzIM Buffer15 Uncapped Allocation ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM Buffer15 Uncapped Allocation ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Affiliated Exchange-Traded Funds
 
 
$120,095,625
 
 
$—
 
 
$—
 
 
$120,095,625
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
18,139
 
 
—
 
 
—
 
 
18,139
Total Assets
 
 
$120,113,764
 
 
$—
 
 
$—
 
 
$120,113,764
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments in issuers considered to be affiliates of the Fund during the period ended January 31, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated
Investment
Company
 
 
Value as of October 31, 2025
 
 
Purchases
 
 
Sales
 
 
Realized Gain (Loss) on Investment Securities
 
 
Change in Unrealized Appreciation (Depreciation) of Investment Securities
 
 
Value as of January 31, 2026
 
 
Dividend Income
 
 
Shares as of January 31, 2026
AllianzIM U.S. Equity Buffer15 Uncapped Apr ETF
 
 
$7,262,795
 
 
$2,991,594
 
 
$(293,370)
 
 
$44,174
 
 
$40,069
 
 
$10,045,262
 
 
$  —
 
 
327,538
AllianzIM U.S. Equity
Buffer15 Uncapped Nov ETF
 
 
7,263,169
 
 
2,992,987
 
 
(294,203)
 
 
42,482
 
 
34,377
 
 
10,038,812
 
 
—
 
 
343,729
AllianzIM U.S. Equity
Buffer15 Uncapped May ETF
 
 
7,255,919
 
 
2,991,509
 
 
(293,172)
 
 
44,431
 
 
39,728
 
 
10,038,415
 
 
—
 
 
314,904
AllianzIM U.S. Equity Buffer15 Uncapped Jun ETF
 
 
7,246,712
 
 
2,991,529
 
 
(292,782)
 
 
43,568
 
 
27,411
 
 
10,016,438
 
 
—
 
 
325,988
AllianzIM U.S. Equity
Buffer15 Uncapped Aug ETF
 
 
7,245,311
 
 
2,991,300
 
 
(292,959)
 
 
42,004
 
 
21,565
 
 
10,007,221
 
 
—
 
 
336,393
AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF
 
 
7,225,364
 
 
2,991,502
 
 
(292,018)
 
 
39,009
 
 
41,003
 
 
10,004,860
 
 
—
 
 
356,934
AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF
 
 
7,232,466
 
 
2,991,290
 
 
(292,535)
 
 
40,473
 
 
32,479
 
 
10,004,173
 
 
—
 
 
342,023
AllianzIM U.S. Equity Buffer15 Uncapped Jul ETF
 
 
7,240,278
 
 
2,991,866
 
 
(292,561)
 
 
42,044
 
 
17,512
 
 
9,999,139
 
 
—
 
 
333,527
AllianzIM U.S. Equity
Buffer15 Uncapped Mar ETF
 
 
7,231,689
 
 
2,991,883
 
 
(292,253)
 
 
39,584
 
 
25,546
 
 
9,996,449
 
 
—
 
 
356,042
AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF
 
 
7,228,994
 
 
2,991,652
 
 
(292,506)
 
 
39,480
 
 
26,269
 
 
9,993,889
 
 
—
 
 
347,950
AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF
 
 
7,232,021
 
 
2,991,860
 
 
(292,295)
 
 
39,574
 
 
22,343
 
 
9,993,503
 
 
—
 
 
352,256
AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF
 
 
7,192,044
 
 
2,991,830
 
 
(290,387)
 
 
34,977
 
 
29,000
 
 
9,957,464
 
 
—
 
 
360,647
 
 
$86,856,762
 
 
$35,900,802
 
 
$(3,511,041)
 
 
$491,800
 
 
$357,302
 
 
$120,095,625
 
 
$—
 
 
4,097,931
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
147
 
AIM ETF PRODUCTS TRUST
AllianzIM 6 Month Buffer10 Allocation ETF
Schedule of Investments
January 31, 2026 (unaudited)
 
 
 
Shares
 
 
Value
AFFILIATED EXCHANGE-TRADED FUNDS – 100.0%(a)(b)
 
 
 
 
AllianzIM U.S. Equity 6 Month Buffer10 Feb/Aug ETF
 
 
236,929
 
 
$7,659,914
AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF
 
 
240,163
 
 
7,647,895
AllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF
 
 
220,323
 
 
7,607,202
AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF
 
 
254,533
 
 
7,421,775
AllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF
 
 
209,791
 
 
7,350,028
AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF
 
 
245,772
 
 
7,344,675
Total Affiliated Exchange-Traded Funds
(Cost $41,621,580)
 
 
 
 
45,031,489
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.0%*
 
 
 
 
Time Deposits – 0.0%*
 
 
 
 
Australia & New Zealand Banking Group Ltd., New York, 2.980%, 2/02/26(c)
 
 
$4,190
 
 
4,190
Total Short-Term Investments
(Cost $4,190)
 
 
 
 
4,190
Total Investments – 100.0%
(Cost $41,625,770)
 
 
 
 
45,035,679
Other assets less liabilities – 0.0%*
 
 
 
 
(1,846)
Net Assets – 100.0%
 
 
 
 
$45,033,833
 
 
 
 
 
 
 
*
 
 
Rounds to less than 0.05%.
(a)
 
 
Affiliated investment.
(b)
 
 
Non-income producing.
(c)
 
 
Time deposits bear interest at a variable rate that is based on a variety of factors, including but not limited to relevant overnight and short-term reference rates, the range of distribution between and among the interest rates paid by each eligible institution on their respective deposits, and the weighted average distribution of interest rates on the deposits. The rate shown is as of January 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
148
 
AIM ETF PRODUCTS TRUST
AllianzIM 6 Month Buffer10 Allocation ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited)
Investment Valuation
The AllianzIM 6 Month Buffer10 Allocation ETF’s (the “Fund”) investments are valued daily at market or, in the absence of market value with respect to any investments, at fair value. Market value prices generally represent last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. The Board of Trustees (the “Board”) has designated the Allianz Investment Management LLC (the “Adviser”) as the valuation designee for the Fund under Rule 2a-5 under the Investment Company Act of 1940 (the “1940 Act”). As the valuation designee, the Adviser fair values the Fund’s portfolio securities and other assets for which market quotations are not readily available or reliable in accordance with valuation procedures approved by the Board. 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 a Fund’s assets using fair value pricing can result in using prices for those assets that may differ from current market valuations and 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.
FLEX Options listed on an exchange (e.g., Cboe) generally are valued using a model-based price provided by the exchange at the official close of that exchange’s trading day. The close of trading for some options exchanges may occur later than the closing of the New York Stock Exchange (“NYSE”). However, on days when a trade in the FLEX Options held by the Fund occurs, the same-day market trade price will be used to value such FLEX Options in lieu of the model-based price. If there is no same-day market trade price for the FLEX Options and/or the exchange is unable to provide a model price, or if such prices are deemed by the Adviser, in its judgment, to be unreliable, the value of the FLEX Options may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
Options (other than FLEX Options) 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. If market quotations are not available or reliable, the value of an option may be priced at fair value as determined in accordance with valuation procedures approved by the Board and the requirements of the 1940 Act.
The Fund places excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Fund. These are classified as short-term investments in the 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 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.
Various inputs are used in determining the value of the Fund’s investments. The three levels defined by the hierarchy are as follows:
•
Level 1 — unadjusted quoted prices in active markets for identical assets
•
Level 2 — other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Adviser’s own assumptions in determining the fair value of assets and liabilities)
The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.
 
149
 
AIM ETF PRODUCTS TRUST
AllianzIM 6 Month Buffer10 Allocation ETF
Notes to Schedule of Investments
January 31, 2026 (unaudited) (continued)
The following table summarizes the valuation of the Fund’s assets and liabilities under the fair value hierarchy levels as of January 31, 2026:
AllianzIM 6 Month Buffer10 Allocation ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Affiliated Exchange-Traded Funds
 
 
$45,031,489
 
 
$—
 
 
$—
 
 
$45,031,489
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
4,190
 
 
—
 
 
—
 
 
4,190
Total Assets
 
 
$45,035,679
 
 
$—
 
 
$—
 
 
$45,035,679
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments in issuers considered to be affiliates of the Fund during the period ended January 31, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated
Investment
Company
 
 
Value as of October 31, 2025
 
 
Purchases
 
 
Sales
 
 
Realized Gain (Loss) on Investment Securities
 
 
Change in Unrealized Appreciation (Depreciation) of Investment Securities
 
 
Value as of January 31, 2026
 
 
Dividend Income
 
 
Shares as of January 31, 2026
AllianzIM U.S. Equity 6 Month Buffer10 Feb/Aug ETF
 
 
$6,421,815
 
 
$1,027,348
 
 
$   —
 
 
$   —
 
 
$210,751
 
 
$7,659,914
 
 
$   —
 
 
236,929
AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF
 
 
6,455,916
 
 
1,027,927
 
 
—
 
 
—
 
 
164,052
 
 
7,647,895
 
 
—
 
 
240,163
AllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF
 
 
6,396,584
 
 
1,026,443
 
 
—
 
 
—
 
 
184,175
 
 
7,607,202
 
 
—
 
 
220,323
AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF
 
 
6,256,920
 
 
1,027,483
 
 
—
 
 
—
 
 
137,372
 
 
7,421,775
 
 
—
 
 
254,533
AllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF
 
 
6,178,495
 
 
1,027,935
 
 
—
 
 
—
 
 
143,598
 
 
7,350,028
 
 
—
 
 
209,791
AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF
 
 
6,185,821
 
 
1,028,477
 
 
—
 
 
—
 
 
130,377
 
 
7,344,675
 
 
—
 
 
245,772
 
 
$37,895,551
 
 
$6,165,613
 
 
$—
 
 
$—
 
 
$970,325
 
 
$45,031,489
 
 
$—
 
 
1,407,511
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
150