AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Jan ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 101.1%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 101.1%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
December 2026
 
 
$5.05
 
 
834
 
 
$421,170
 
 
$61,530,360
Total Options Purchased – Calls
(Cost $56,639,207)
 
 
 
 
 
 
 
 
421,170
 
 
61,530,360
OPTION PURCHASED – PUTS(b)(c) – 1.6%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 1.6%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
December 2026
 
 
681.85
 
 
834
 
 
56,866,290
 
 
976,747
Total Options Purchased – Puts
(Cost $3,146,313)
 
 
 
 
 
 
 
 
56,866,290
 
 
976,747
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.4%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.4%
 
 
 
 
 
 
 
 
 
 
Sumitomo Corporation,
Tokyo, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$239,652
 
 
239,652
Total Short-Term Investments
(Cost $239,652)
 
 
 
 
 
 
 
 
 
 
239,652
Total Investments – 103.1%
(Cost $60,025,172)
 
 
 
 
 
 
 
 
 
 
62,746,759
Other assets less liabilities – (3.1)%
 
 
 
 
 
 
 
 
 
 
(1,879,561)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$60,867,198
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
834
 
 
$824,136
 
 
$65,744,220
 
 
$(1,131,079)
 
 
 
 
 
 
 
 
$824,136
 
 
$65,744,220
 
 
$(1,131,079)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
834
 
 
$1,639,512
 
 
$51,185,082
 
 
$(473,403)
 
 
 
 
 
 
 
 
$1,639,512
 
 
$51,185,082
 
 
$(473,403)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$2,463,648
 
 
$116,929,302
 
 
$(1,604,482)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 31, 2026.
 
 
 
 
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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer10 Jan ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$61,530,360
 
 
$—
 
 
$61,530,360
Option Purchased - Puts
 
 
—
 
 
976,747
 
 
—
 
 
976,747
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
239,652
 
 
—
 
 
—
 
 
239,652
Total Assets
 
 
$239,652
 
 
$62,507,107
 
 
$—
 
 
$62,746,759
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(1,131,079)
 
 
$—
 
 
$(1,131,079)
Put Options Written
 
 
—
 
 
(473,403)
 
 
—
 
 
(473,403)
Total Liabilities
 
 
$—
 
 
$(1,604,482)
 
 
$—
 
 
$(1,604,482)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Feb ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 100.8%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 100.8%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
January 2027
 
 
$5.12
 
 
2,174
 
 
$1,113,088
 
 
$160,523,421
Total Options Purchased – Calls
(Cost $150,382,176)
 
 
 
 
 
 
 
 
1,113,088
 
 
160,523,421
OPTION PURCHASED – PUTS(b)(c) – 2.1%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.1%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
January 2027
 
 
691.90
 
 
2,174
 
 
150,419,060
 
 
3,288,805
Total Options Purchased – Puts
(Cost $7,867,179)
 
 
 
 
 
 
 
 
150,419,060
 
 
3,288,805
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.3%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.3%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$408,505
 
 
408,505
Total Short-Term Investments
(Cost $408,505)
 
 
 
 
 
 
 
 
 
 
408,505
Total Investments – 103.2%
(Cost $158,657,860)
 
 
 
 
 
 
 
 
 
 
164,220,731
Other assets less liabilities – (3.2)%
 
 
 
 
 
 
 
 
 
 
(5,129,704)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$159,091,027
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
2,174
 
 
$2,465,712
 
 
$173,706,948
 
 
$(2,998,772)
 
 
 
 
 
 
 
 
$2,465,712
 
 
$173,706,948
 
 
$(2,998,772)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
2,174
 
 
$4,435,228
 
 
$135,390,198
 
 
$(1,651,936)
 
 
 
 
 
 
 
 
$4,435,228
 
 
$135,390,198
 
 
$(1,651,936)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$6,900,940
 
 
$309,097,146
 
 
$(4,650,708)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer10 Feb ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$160,523,421
 
 
$—
 
 
$160,523,421
Option Purchased - Puts
 
 
—
 
 
3,288,805
 
 
—
 
 
3,288,805
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
408,505
 
 
—
 
 
—
 
 
408,505
Total Assets
 
 
$408,505
 
 
$163,812,226
 
 
$—
 
 
$164,220,731
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(2,998,772)
 
 
$—
 
 
$(2,998,772)
Put Options Written
 
 
—
 
 
(1,651,936)
 
 
—
 
 
(1,651,936)
Total Liabilities
 
 
$—
 
 
$(4,650,708)
 
 
$—
 
 
$(4,650,708)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
6
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Mar ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 101.8%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 101.8%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
February 2027
 
 
$5.08
 
 
421
 
 
$213,868
 
 
$31,101,543
Total Options Purchased – Calls
(Cost $28,359,064)
 
 
 
 
 
 
 
 
213,868
 
 
31,101,543
OPTION PURCHASED – PUTS(b)(c) – 2.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
February 2027
 
 
685.92
 
 
421
 
 
28,877,232
 
 
675,415
Total Options Purchased – Puts
(Cost $1,799,827)
 
 
 
 
 
 
 
 
28,877,232
 
 
675,415
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.1%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.1%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$45,516
 
 
45,516
Total Short-Term Investments
(Cost $45,516)
 
 
 
 
 
 
 
 
 
 
45,516
Total Investments – 104.1%
(Cost $30,204,407)
 
 
 
 
 
 
 
 
 
 
31,822,474
Other assets less liabilities – (4.1)%
 
 
 
 
 
 
 
 
 
 
(1,255,910)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$30,566,564
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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 2027
 
 
$794.99
 
 
421
 
 
$436,026
 
 
$33,469,079
 
 
$(808,131)
 
 
 
 
 
 
 
 
$436,026
 
 
$33,469,079
 
 
$(808,131)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
February 2027
 
 
$617.39
 
 
421
 
 
$1,052,755
 
 
$25,992,119
 
 
$(356,166)
 
 
 
 
 
 
 
 
$1,052,755
 
 
$25,992,119
 
 
$(356,166)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,488,781
 
 
$59,461,198
 
 
$(1,164,297)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer10 Mar ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$31,101,543
 
 
$—
 
 
$31,101,543
Option Purchased - Puts
 
 
—
 
 
675,415
 
 
—
 
 
675,415
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
45,516
 
 
—
 
 
—
 
 
45,516
Total Assets
 
 
$45,516
 
 
$31,776,958
 
 
$—
 
 
$31,822,474
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(808,131)
 
 
$—
 
 
$(808,131)
Put Options Written
 
 
—
 
 
(356,166)
 
 
—
 
 
(356,166)
Total Liabilities
 
 
$—
 
 
$(1,164,297)
 
 
$—
 
 
$(1,164,297)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
9
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Apr ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 105.0%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 105.0%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
March 2027
 
 
$4.81
 
 
657
 
 
$316,017
 
 
$48,442,647
Total Options Purchased – Calls
(Cost $43,845,517)
 
 
 
 
 
 
 
 
316,017
 
 
48,442,647
OPTION PURCHASED – PUTS(b)(c) – 1.9%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 1.9%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
March 2027
 
 
650.27
 
 
657
 
 
42,722,739
 
 
881,300
Total Options Purchased – Puts
(Cost $2,946,348)
 
 
 
 
 
 
 
 
42,722,739
 
 
881,300
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.1%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.1%
 
 
 
 
 
 
 
 
 
 
Citibank, New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$58,671
 
 
58,671
Total Short-Term Investments
(Cost $58,671)
 
 
 
 
 
 
 
 
 
 
58,671
Total Investments – 107.0%
(Cost $46,850,536)
 
 
 
 
 
 
 
 
 
 
49,382,618
Other assets less liabilities – (7.0)%
 
 
 
 
 
 
 
 
 
 
(3,223,876)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$46,158,742
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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 2027
 
 
$762.78
 
 
657
 
 
$844,782
 
 
$50,114,646
 
 
$(2,603,822)
 
 
 
 
 
 
 
 
$844,782
 
 
$50,114,646
 
 
$(2,603,822)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
March 2027
 
 
$585.31
 
 
657
 
 
$1,448,283
 
 
$38,454,867
 
 
$(502,224)
 
 
 
 
 
 
 
 
$1,448,283
 
 
$38,454,867
 
 
$(502,224)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$2,293,065
 
 
$88,569,513
 
 
$(3,106,046)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer10 Apr ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$48,442,647
 
 
$—
 
 
$48,442,647
Option Purchased - Puts
 
 
—
 
 
881,300
 
 
—
 
 
881,300
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
58,671
 
 
—
 
 
—
 
 
58,671
Total Assets
 
 
$58,671
 
 
$49,323,947
 
 
$—
 
 
$49,382,618
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(2,603,822)
 
 
$—
 
 
$(2,603,822)
Put Options Written
 
 
—
 
 
(502,224)
 
 
—
 
 
(502,224)
Total Liabilities
 
 
$—
 
 
$(3,106,046)
 
 
$—
 
 
$(3,106,046)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
12
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 May ETF
Schedule of Investments
July 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
 
 
April 2027
 
 
$5.32
 
 
3,135
 
 
$1,667,820
 
 
$231,055,708
Total Options Purchased – Calls
(Cost $222,713,364)
 
 
 
 
 
 
 
 
1,667,820
 
 
231,055,708
OPTION PURCHASED – PUTS(b)(c) – 3.6%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 3.6%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
April 2027
 
 
718.59
 
 
3,135
 
 
225,277,965
 
 
8,367,064
Total Options Purchased – Puts
(Cost $12,886,327)
 
 
 
 
 
 
 
 
225,277,965
 
 
8,367,064
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.2%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.2%
 
 
 
 
 
 
 
 
 
 
DBS Bank Ltd.,
Singapore, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$386,859
 
 
386,859
Total Short-Term Investments
(Cost $386,859)
 
 
 
 
 
 
 
 
 
 
386,859
Total Investments – 103.8%
(Cost $235,986,550)
 
 
 
 
 
 
 
 
 
 
239,809,631
Other assets less liabilities – (3.8)%
 
 
 
 
 
 
 
 
 
 
(8,874,106)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$230,935,525
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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 2027
 
 
$835.80
 
 
3,135
 
 
$3,735,041
 
 
$262,023,300
 
 
$(3,945,868)
 
 
 
 
 
 
 
 
$3,735,041
 
 
$262,023,300
 
 
$(3,945,868)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
April 2027
 
 
$646.79
 
 
3,135
 
 
$7,504,753
 
 
$202,768,665
 
 
$(4,531,360)
 
 
 
 
 
 
 
 
$7,504,753
 
 
$202,768,665
 
 
$(4,531,360)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$11,239,794
 
 
$464,791,965
 
 
$(8,477,228)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer10 May ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$231,055,708
 
 
$—
 
 
$231,055,708
Option Purchased - Puts
 
 
—
 
 
8,367,064
 
 
—
 
 
8,367,064
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
386,859
 
 
—
 
 
—
 
 
386,859
Total Assets
 
 
$386,859
 
 
$239,422,772
 
 
$—
 
 
$239,809,631
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(3,945,868)
 
 
$—
 
 
$(3,945,868)
Put Options Written
 
 
—
 
 
(4,531,360)
 
 
—
 
 
(4,531,360)
Total Liabilities
 
 
$—
 
 
$(8,477,228)
 
 
$—
 
 
$(8,477,228)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
15
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Jun ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 98.3%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 98.3%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
May 2027
 
 
$5.60
 
 
1,538
 
 
$861,280
 
 
$113,359,489
Total Options Purchased – Calls
(Cost $114,053,592)
 
 
 
 
 
 
 
 
861,280
 
 
113,359,489
OPTION PURCHASED – PUTS(b)(c) – 5.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 5.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
May 2027
 
 
756.40
 
 
1,538
 
 
116,334,320
 
 
5,983,974
Total Options Purchased – Puts
(Cost $6,752,037)
 
 
 
 
 
 
 
 
116,334,320
 
 
5,983,974
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.1%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.1%
 
 
 
 
 
 
 
 
 
 
JP Morgan Chase & Co.,
New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$145,403
 
 
145,403
Total Short-Term Investments
(Cost $145,403)
 
 
 
 
 
 
 
 
 
 
145,403
Total Investments – 103.6%
(Cost $120,951,032)
 
 
 
 
 
 
 
 
 
 
119,488,866
Other assets less liabilities – (3.6)%
 
 
 
 
 
 
 
 
 
 
(4,123,021)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$115,365,845
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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 2027
 
 
$889.41
 
 
1,538
 
 
$1,727,477
 
 
$136,791,258
 
 
$(795,100)
 
 
 
 
 
 
 
 
$1,727,477
 
 
$136,791,258
 
 
$(795,100)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
May 2027
 
 
$680.83
 
 
1,538
 
 
$3,860,397
 
 
$104,711,654
 
 
$(3,197,164)
 
 
 
 
 
 
 
 
$3,860,397
 
 
$104,711,654
 
 
$(3,197,164)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$5,587,874
 
 
$241,502,912
 
 
$(3,992,264)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer10 Jun ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$113,359,489
 
 
$—
 
 
$113,359,489
Option Purchased - Puts
 
 
—
 
 
5,983,974
 
 
—
 
 
5,983,974
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
145,403
 
 
—
 
 
—
 
 
145,403
Total Assets
 
 
$145,403
 
 
$119,343,463
 
 
$—
 
 
$119,488,866
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(795,100)
 
 
$—
 
 
$(795,100)
Put Options Written
 
 
—
 
 
(3,197,164)
 
 
—
 
 
(3,197,164)
Total Liabilities
 
 
$—
 
 
$(3,992,264)
 
 
$—
 
 
$(3,992,264)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Jul ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 98.9%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 98.9%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
June 2027
 
 
$5.53
 
 
757
 
 
$418,621
 
 
$55,675,404
Total Options Purchased – Calls
(Cost $55,764,847)
 
 
 
 
 
 
 
 
418,621
 
 
55,675,404
OPTION PURCHASED – PUTS(b)(c) – 5.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 5.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
June 2027
 
 
746.70
 
 
757
 
 
56,525,190
 
 
2,904,670
Total Options Purchased – Puts
(Cost $3,127,461)
 
 
 
 
 
 
 
 
56,525,190
 
 
2,904,670
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.0%*
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.0%*
 
 
 
 
 
 
 
 
 
 
DBS Bank Ltd.,
Singapore, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$18,022
 
 
18,022
Total Short-Term Investments
(Cost $18,022)
 
 
 
 
 
 
 
 
 
 
18,022
Total Investments – 104.1%
(Cost $58,910,330)
 
 
 
 
 
 
 
 
 
 
58,598,096
Other assets less liabilities – (4.1)%
 
 
 
 
 
 
 
 
 
 
(2,329,427)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$56,268,669
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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 2027
 
 
$875.81
 
 
757
 
 
$877,006
 
 
$66,298,817
 
 
$(665,168)
 
 
 
 
 
 
 
 
$877,006
 
 
$66,298,817
 
 
$(665,168)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
June 2027
 
 
$672.09
 
 
757
 
 
$1,736,947
 
 
$50,877,213
 
 
$(1,627,232)
 
 
 
 
 
 
 
 
$1,736,947
 
 
$50,877,213
 
 
$(1,627,232)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$2,613,953
 
 
$117,176,030
 
 
$(2,292,400)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*
 
 
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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer10 Jul ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$55,675,404
 
 
$—
 
 
$55,675,404
Option Purchased - Puts
 
 
—
 
 
2,904,670
 
 
—
 
 
2,904,670
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
18,022
 
 
—
 
 
—
 
 
18,022
Total Assets
 
 
$18,022
 
 
$58,580,074
 
 
$—
 
 
$58,598,096
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(665,168)
 
 
$—
 
 
$(665,168)
Put Options Written
 
 
—
 
 
(1,627,232)
 
 
—
 
 
(1,627,232)
Total Liabilities
 
 
$—
 
 
$(2,292,400)
 
 
$—
 
 
$(2,292,400)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
21
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Aug ETF
Schedule of Investments
July 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 2027
 
 
$5.53
 
 
403
 
 
$222,859
 
 
$29,617,679
Total Options Purchased – Calls
(Cost $29,619,230)
 
 
 
 
 
 
 
 
222,859
 
 
29,617,679
OPTION PURCHASED – PUTS(b)(c) – 5.5%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 5.5%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
July 2027
 
 
746.96
 
 
403
 
 
30,102,488
 
 
1,631,747
Total Options Purchased – Puts
(Cost $1,633,299)
 
 
 
 
 
 
 
 
30,102,488
 
 
1,631,747
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.7%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.7%
 
 
 
 
 
 
 
 
 
 
Skandinaviska Enskilda Banken AB,
Stockholm, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$203,537
 
 
203,537
Total Short-Term Investments
(Cost $203,537)
 
 
 
 
 
 
 
 
 
 
203,537
Total Investments – 105.4%
(Cost $31,456,066)
 
 
 
 
 
 
 
 
 
 
31,452,963
Other assets less liabilities – (5.4)%
 
 
 
 
 
 
 
 
 
 
(1,620,333)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$29,832,630
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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 2027
 
 
$874.77
 
 
403
 
 
$432,076
 
 
$35,253,231
 
 
$(433,628)
 
 
 
 
 
 
 
 
$432,076
 
 
$35,253,231
 
 
$(433,628)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
July 2027
 
 
$672.33
 
 
403
 
 
$934,617
 
 
$27,094,899
 
 
$(936,169)
 
 
 
 
 
 
 
 
$934,617
 
 
$27,094,899
 
 
$(936,169)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,366,693
 
 
$62,348,130
 
 
$(1,369,797)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer10 Aug ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$29,617,679
 
 
$—
 
 
$—
 
 
$29,617,679
Option Purchased - Puts
 
 
1,631,747
 
 
—
 
 
—
 
 
1,631,747
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
203,537
 
 
—
 
 
—
 
 
203,537
Total Assets
 
 
$31,452,963
 
 
$—
 
 
$—
 
 
$31,452,963
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$(433,628)
 
 
$—
 
 
$—
 
 
$(433,628)
Put Options Written
 
 
(936,169)
 
 
—
 
 
—
 
 
(936,169)
Total Liabilities
 
 
$(1,369,797)
 
 
$—
 
 
$—
 
 
$(1,369,797)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
24
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Sep ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 102.4%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 102.4%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
August 2026
 
 
$4.77
 
 
458
 
 
$218,466
 
 
$33,978,557
Total Options Purchased – Calls
(Cost $29,080,581)
 
 
 
 
 
 
 
 
218,466
 
 
33,978,557
OPTION PURCHASED – PUTS(b)(c) – 0.1%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.1%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
August 2026
 
 
644.99
 
 
458
 
 
29,540,542
 
 
29,115
Total Options Purchased – Puts
(Cost $1,575,451)
 
 
 
 
 
 
 
 
29,540,542
 
 
29,115
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 1.7%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 1.7%
 
 
 
 
 
 
 
 
 
 
Citibank, New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$550,928
 
 
550,928
Total Short-Term Investments
(Cost $550,928)
 
 
 
 
 
 
 
 
 
 
550,928
Total Investments – 104.2%
(Cost $31,206,960)
 
 
 
 
 
 
 
 
 
 
34,558,600
Other assets less liabilities – (4.2)%
 
 
 
 
 
 
 
 
 
 
(1,407,436)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$33,151,164
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
458
 
 
$373,339
 
 
$33,883,298
 
 
$(793,888)
 
 
 
 
 
 
 
 
$373,339
 
 
$33,883,298
 
 
$(793,888)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
458
 
 
$853,860
 
 
$26,589,190
 
 
$(11,491)
 
 
 
 
 
 
 
 
$853,860
 
 
$26,589,190
 
 
$(11,491)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,227,199
 
 
$60,472,488
 
 
$(805,379)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer10 Sep ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$33,978,557
 
 
$—
 
 
$33,978,557
Option Purchased - Puts
 
 
—
 
 
29,115
 
 
—
 
 
29,115
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
550,928
 
 
—
 
 
—
 
 
550,928
Total Assets
 
 
$550,928
 
 
$34,007,672
 
 
$—
 
 
$34,558,600
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(793,888)
 
 
$—
 
 
$(793,888)
Put Options Written
 
 
—
 
 
(11,491)
 
 
—
 
 
(11,491)
Total Liabilities
 
 
$—
 
 
$(805,379)
 
 
$—
 
 
$(805,379)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
27
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Oct ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 101.0%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 101.0%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
$4.93
 
 
769
 
 
$379,117
 
 
$56,882,230
Total Options Purchased – Calls
(Cost $51,257,684)
 
 
 
 
 
 
 
 
379,117
 
 
56,882,230
OPTION PURCHASED – PUTS(b)(c) – 0.4%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.4%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
666.11
 
 
769
 
 
51,223,859
 
 
239,536
Total Options Purchased – Puts
(Cost $2,765,258)
 
 
 
 
 
 
 
 
51,223,859
 
 
239,536
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.6%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.6%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$323,459
 
 
323,459
Total Short-Term Investments
(Cost $323,459)
 
 
 
 
 
 
 
 
 
 
323,459
Total Investments – 102.0%
(Cost $54,346,401)
 
 
 
 
 
 
 
 
 
 
57,445,225
Other assets less liabilities – (2.0)%
 
 
 
 
 
 
 
 
 
 
(1,137,634)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$56,307,591
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
769
 
 
$806,245
 
 
$58,846,956
 
 
$(676,535)
 
 
 
 
 
 
 
 
$806,245
 
 
$58,846,956
 
 
$(676,535)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
769
 
 
$1,410,524
 
 
$46,106,164
 
 
$(94,479)
 
 
 
 
 
 
 
 
$1,410,524
 
 
$46,106,164
 
 
$(94,479)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$2,216,769
 
 
$104,953,120
 
 
$(771,014)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer10 Oct ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$56,882,230
 
 
$—
 
 
$56,882,230
Option Purchased - Puts
 
 
—
 
 
239,536
 
 
—
 
 
239,536
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
323,459
 
 
—
 
 
—
 
 
323,459
Total Assets
 
 
$323,459
 
 
$57,121,766
 
 
$—
 
 
$57,445,225
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(676,535)
 
 
$—
 
 
$(676,535)
Put Options Written
 
 
—
 
 
(94,479)
 
 
—
 
 
(94,479)
Total Liabilities
 
 
$—
 
 
$(771,014)
 
 
$—
 
 
$(771,014)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
30
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Nov ETF
Schedule of Investments
July 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
 
 
October 2026
 
 
$5.05
 
 
403
 
 
$203,515
 
 
$29,810,748
Total Options Purchased – Calls
(Cost $26,986,077)
 
 
 
 
 
 
 
 
203,515
 
 
29,810,748
OPTION PURCHASED – PUTS(b)(c) – 0.9%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.9%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
October 2026
 
 
681.99
 
 
403
 
 
27,484,197
 
 
272,779
Total Options Purchased – Puts
(Cost $1,645,825)
 
 
 
 
 
 
 
 
27,484,197
 
 
272,779
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.6%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.6%
 
 
 
 
 
 
 
 
 
 
Skandinaviska Enskilda Banken AB,
Stockholm, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$163,916
 
 
163,916
Total Short-Term Investments
(Cost $163,916)
 
 
 
 
 
 
 
 
 
 
163,916
Total Investments – 101.5%
(Cost $28,795,818)
 
 
 
 
 
 
 
 
 
 
30,247,443
Other assets less liabilities – (1.5)%
 
 
 
 
 
 
 
 
 
 
(446,749)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$29,800,694
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
403
 
 
$400,726
 
 
$32,093,711
 
 
$(169,957)
 
 
 
 
 
 
 
 
$400,726
 
 
$32,093,711
 
 
$(169,957)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
403
 
 
$954,306
 
 
$24,738,155
 
 
$(112,796)
 
 
 
 
 
 
 
 
$954,306
 
 
$24,738,155
 
 
$(112,796)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,355,032
 
 
$56,831,866
 
 
$(282,753)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer10 Nov ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$29,810,748
 
 
$—
 
 
$29,810,748
Option Purchased - Puts
 
 
—
 
 
272,779
 
 
—
 
 
272,779
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
163,916
 
 
—
 
 
—
 
 
163,916
Total Assets
 
 
$163,916
 
 
$30,083,527
 
 
$—
 
 
$30,247,443
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(169,957)
 
 
$—
 
 
$(169,957)
Put Options Written
 
 
—
 
 
(112,796)
 
 
—
 
 
(112,796)
Total Liabilities
 
 
$—
 
 
$(282,753)
 
 
$—
 
 
$(282,753)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
33
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer10 Dec ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 100.4%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 100.4%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
November 2026
 
 
$5.06
 
 
1,700
 
 
$860,200
 
 
$125,750,377
Total Options Purchased – Calls
(Cost $114,145,906)
 
 
 
 
 
 
 
 
860,200
 
 
125,750,377
OPTION PURCHASED – PUTS(b)(c) – 1.3%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 1.3%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
November 2026
 
 
683.32
 
 
1,700
 
 
116,164,400
 
 
1,582,360
Total Options Purchased – Puts
(Cost $6,719,301)
 
 
 
 
 
 
 
 
116,164,400
 
 
1,582,360
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.3%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.3%
 
 
 
 
 
 
 
 
 
 
Skandinaviska Enskilda Banken AB,
Stockholm, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$432,767
 
 
432,767
Total Short-Term Investments
(Cost $432,767)
 
 
 
 
 
 
 
 
 
 
432,767
Total Investments – 102.0%
(Cost $121,297,974)
 
 
 
 
 
 
 
 
 
 
127,765,504
Other assets less liabilities – (2.0)%
 
 
 
 
 
 
 
 
 
 
(2,546,300)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$125,219,204
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
1,700
 
 
$1,586,195
 
 
$135,476,400
 
 
$(1,239,759)
 
 
 
 
 
 
 
 
$1,586,195
 
 
$135,476,400
 
 
$(1,239,759)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
1,700
 
 
$3,871,955
 
 
$104,558,500
 
 
$(713,813)
 
 
 
 
 
 
 
 
$3,871,955
 
 
$104,558,500
 
 
$(713,813)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$5,458,150
 
 
$240,034,900
 
 
$(1,953,572)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer10 Dec ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$125,750,377
 
 
$—
 
 
$125,750,377
Option Purchased - Puts
 
 
—
 
 
1,582,360
 
 
—
 
 
1,582,360
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
432,767
 
 
—
 
 
—
 
 
432,767
Total Assets
 
 
$432,767
 
 
$127,332,737
 
 
$—
 
 
$127,765,504
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(1,239,759)
 
 
$—
 
 
$(1,239,759)
Put Options Written
 
 
—
 
 
(713,813)
 
 
—
 
 
(713,813)
Total Liabilities
 
 
$—
 
 
$(1,953,572)
 
 
$—
 
 
$(1,953,572)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
36
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Jan ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 103.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 103.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
December 2026
 
 
$5.11
 
 
4,859
 
 
$2,482,949
 
 
$358,455,816
Total Options Purchased – Calls
(Cost $326,925,210)
 
 
 
 
 
 
 
 
2,482,949
 
 
358,455,816
OPTION PURCHASED – PUTS(b)(c) – 1.6%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 1.6%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
December 2026
 
 
681.99
 
 
4,859
 
 
331,378,941
 
 
5,699,510
Total Options Purchased – Puts
(Cost $18,061,578)
 
 
 
 
 
 
 
 
331,378,941
 
 
5,699,510
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.4%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.4%
 
 
 
 
 
 
 
 
 
 
Citibank, New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$1,245,442
 
 
1,245,442
Total Short-Term Investments
(Cost $1,245,442)
 
 
 
 
 
 
 
 
 
 
1,245,442
Total Investments – 105.2%
(Cost $346,232,230)
 
 
 
 
 
 
 
 
 
 
365,400,768
Other assets less liabilities – (5.2)%
 
 
 
 
 
 
 
 
 
 
(17,974,936)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$347,425,832
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
4,859
 
 
$9,772,468
 
 
$366,038,188
 
 
$(15,087,389)
 
 
 
 
 
 
 
 
$9,772,468
 
 
$366,038,188
 
 
$(15,087,389)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
4,859
 
 
$5,633,907
 
 
$265,077,886
 
 
$(1,448,079)
 
 
 
 
 
 
 
 
$5,633,907
 
 
$265,077,886
 
 
$(1,448,079)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$15,406,375
 
 
$631,116,074
 
 
$(16,535,468)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer20 Jan ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$358,455,816
 
 
$—
 
 
$358,455,816
Option Purchased - Puts
 
 
—
 
 
5,699,510
 
 
—
 
 
5,699,510
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
1,245,442
 
 
—
 
 
—
 
 
1,245,442
Total Assets
 
 
$1,245,442
 
 
$364,155,326
 
 
$—
 
 
$365,400,768
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(15,087,389)
 
 
$—
 
 
$(15,087,389)
Put Options Written
 
 
—
 
 
(1,448,079)
 
 
—
 
 
(1,448,079)
Total Liabilities
 
 
$—
 
 
$(16,535,468)
 
 
$—
 
 
$(16,535,468)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
39
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Feb ETF
Schedule of Investments
July 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
 
 
January 2027
 
 
$5.19
 
 
2,746
 
 
$1,425,174
 
 
$202,739,871
Total Options Purchased – Calls
(Cost $190,060,071)
 
 
 
 
 
 
 
 
1,425,174
 
 
202,739,871
OPTION PURCHASED – PUTS(b)(c) – 2.1%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.1%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
January 2027
 
 
692.04
 
 
2,746
 
 
190,034,184
 
 
4,160,135
Total Options Purchased – Puts
(Cost $9,771,475)
 
 
 
 
 
 
 
 
190,034,184
 
 
4,160,135
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.2%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.2%
 
 
 
 
 
 
 
 
 
 
Citibank, New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$421,471
 
 
421,471
Total Short-Term Investments
(Cost $421,471)
 
 
 
 
 
 
 
 
 
 
421,471
Total Investments – 104.9%
(Cost $200,253,017)
 
 
 
 
 
 
 
 
 
 
207,321,477
Other assets less liabilities – (4.9)%
 
 
 
 
 
 
 
 
 
 
(9,731,138)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$197,590,339
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
2,746
 
 
$6,212,157
 
 
$210,118,428
 
 
$(8,046,714)
 
 
 
 
 
 
 
 
$6,212,157
 
 
$210,118,428
 
 
$(8,046,714)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
2,746
 
 
$3,112,055
 
 
$152,013,068
 
 
$(1,108,945)
 
 
 
 
 
 
 
 
$3,112,055
 
 
$152,013,068
 
 
$(1,108,945)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$9,324,212
 
 
$362,131,496
 
 
$(9,155,659)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer20 Feb ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$202,739,871
 
 
$—
 
 
$202,739,871
Option Purchased - Puts
 
 
—
 
 
4,160,135
 
 
—
 
 
4,160,135
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
421,471
 
 
—
 
 
—
 
 
421,471
Total Assets
 
 
$421,471
 
 
$206,900,006
 
 
$—
 
 
$207,321,477
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(8,046,714)
 
 
$—
 
 
$(8,046,714)
Put Options Written
 
 
—
 
 
(1,108,945)
 
 
—
 
 
(1,108,945)
Total Liabilities
 
 
$—
 
 
$(9,155,659)
 
 
$—
 
 
$(9,155,659)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
42
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Mar ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 103.7%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 103.7%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
February 2027
 
 
$5.14
 
 
1,223
 
 
$628,622
 
 
$90,342,472
Total Options Purchased – Calls
(Cost $82,314,748)
 
 
 
 
 
 
 
 
628,622
 
 
90,342,472
OPTION PURCHASED – PUTS(b)(c) – 2.3%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.3%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
February 2027
 
 
686.06
 
 
1,223
 
 
83,905,138
 
 
1,964,713
Total Options Purchased – Puts
(Cost $5,203,216)
 
 
 
 
 
 
 
 
83,905,138
 
 
1,964,713
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.2%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.2%
 
 
 
 
 
 
 
 
 
 
Citibank, New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$212,510
 
 
212,510
Total Short-Term Investments
(Cost $212,510)
 
 
 
 
 
 
 
 
 
 
212,510
Total Investments – 106.2%
(Cost $87,730,474)
 
 
 
 
 
 
 
 
 
 
92,519,695
Other assets less liabilities – (6.2)%
 
 
 
 
 
 
 
 
 
 
(5,369,902)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$87,149,793
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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 2027
 
 
$760.01
 
 
1,223
 
 
$2,550,994
 
 
$92,949,223
 
 
$(4,542,369)
 
 
 
 
 
 
 
 
$2,550,994
 
 
$92,949,223
 
 
$(4,542,369)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
February 2027
 
 
$548.79
 
 
1,223
 
 
$1,764,922
 
 
$67,117,017
 
 
$(569,196)
 
 
 
 
 
 
 
 
$1,764,922
 
 
$67,117,017
 
 
$(569,196)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$4,315,916
 
 
$160,066,240
 
 
$(5,111,565)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer20 Mar ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$90,342,472
 
 
$—
 
 
$90,342,472
Option Purchased - Puts
 
 
—
 
 
1,964,713
 
 
—
 
 
1,964,713
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
212,510
 
 
—
 
 
—
 
 
212,510
Total Assets
 
 
$212,510
 
 
$92,307,185
 
 
$—
 
 
$92,519,695
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(4,542,369)
 
 
$—
 
 
$(4,542,369)
Put Options Written
 
 
—
 
 
(569,196)
 
 
—
 
 
(569,196)
Total Liabilities
 
 
$—
 
 
$(5,111,565)
 
 
$—
 
 
$(5,111,565)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
45
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Apr ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 107.9%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 107.9%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
March 2027
 
 
$4.88
 
 
2,926
 
 
$1,427,888
 
 
$215,723,270
Total Options Purchased – Calls
(Cost $189,249,469)
 
 
 
 
 
 
 
 
1,427,888
 
 
215,723,270
OPTION PURCHASED – PUTS(b)(c) – 2.0%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.0%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
March 2027
 
 
650.41
 
 
2,926
 
 
190,309,966
 
 
3,929,794
Total Options Purchased – Puts
(Cost $12,949,456)
 
 
 
 
 
 
 
 
190,309,966
 
 
3,929,794
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.2%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.2%
 
 
 
 
 
 
 
 
 
 
Citibank, New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$446,664
 
 
446,664
Total Short-Term Investments
(Cost $446,664)
 
 
 
 
 
 
 
 
 
 
446,664
Total Investments – 110.1%
(Cost $202,645,589)
 
 
 
 
 
 
 
 
 
 
220,099,728
Other assets less liabilities – (10.1)%
 
 
 
 
 
 
 
 
 
 
(20,197,513)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$199,902,215
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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 2027
 
 
$727.67
 
 
2,926
 
 
$7,545,274
 
 
$212,916,242
 
 
$(18,390,876)
 
 
 
 
 
 
 
 
$7,545,274
 
 
$212,916,242
 
 
$(18,390,876)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
March 2027
 
 
$520.27
 
 
2,926
 
 
$4,363,004
 
 
$152,231,002
 
 
$(1,322,435)
 
 
 
 
 
 
 
 
$4,363,004
 
 
$152,231,002
 
 
$(1,322,435)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$11,908,278
 
 
$365,147,244
 
 
$(19,713,311)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer20 Apr ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$215,723,270
 
 
$—
 
 
$215,723,270
Option Purchased - Puts
 
 
—
 
 
3,929,794
 
 
—
 
 
3,929,794
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
446,664
 
 
—
 
 
—
 
 
446,664
Total Assets
 
 
$446,664
 
 
$219,653,064
 
 
$—
 
 
$220,099,728
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(18,390,876)
 
 
$—
 
 
$(18,390,876)
Put Options Written
 
 
—
 
 
(1,322,435)
 
 
—
 
 
(1,322,435)
Total Liabilities
 
 
$—
 
 
$(19,713,311)
 
 
$—
 
 
$(19,713,311)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
48
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 May ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 100.9%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 100.9%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
April 2027
 
 
$5.39
 
 
6,106
 
 
$3,291,134
 
 
$449,983,074
Total Options Purchased – Calls
(Cost $432,808,204)
 
 
 
 
 
 
 
 
3,291,134
 
 
449,983,074
OPTION PURCHASED – PUTS(b)(c) – 3.7%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 3.7%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
April 2027
 
 
718.73
 
 
6,106
 
 
438,856,538
 
 
16,316,331
Total Options Purchased – Puts
(Cost $25,519,311)
 
 
 
 
 
 
 
 
438,856,538
 
 
16,316,331
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.2%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.2%
 
 
 
 
 
 
 
 
 
 
Australia & New Zealand Banking Group Ltd., London, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$772,337
 
 
772,337
Total Short-Term Investments
(Cost $772,337)
 
 
 
 
 
 
 
 
 
 
772,337
Total Investments – 104.8%
(Cost $459,099,852)
 
 
 
 
 
 
 
 
 
 
467,071,742
Other assets less liabilities – (4.8)%
 
 
 
 
 
 
 
 
 
 
(21,201,855)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$445,869,887
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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 2027
 
 
$799.15
 
 
6,106
 
 
$13,339,854
 
 
$487,960,990
 
 
$(15,485,427)
 
 
 
 
 
 
 
 
$13,339,854
 
 
$487,960,990
 
 
$(15,485,427)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
April 2027
 
 
$574.93
 
 
6,106
 
 
$8,470,917
 
 
$351,052,258
 
 
$(4,883,884)
 
 
 
 
 
 
 
 
$8,470,917
 
 
$351,052,258
 
 
$(4,883,884)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$21,810,771
 
 
$839,013,248
 
 
$(20,369,311)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer20 May ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$449,983,074
 
 
$—
 
 
$449,983,074
Option Purchased - Puts
 
 
—
 
 
16,316,331
 
 
—
 
 
16,316,331
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
772,337
 
 
—
 
 
—
 
 
772,337
Total Assets
 
 
$772,337
 
 
$466,299,405
 
 
$—
 
 
$467,071,742
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(15,485,427)
 
 
$—
 
 
$(15,485,427)
Put Options Written
 
 
—
 
 
(4,883,884)
 
 
—
 
 
(4,883,884)
Total Liabilities
 
 
$—
 
 
$(20,369,311)
 
 
$—
 
 
$(20,369,311)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
51
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Jun ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 98.0%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 98.0%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
May 2027
 
 
$5.67
 
 
4,897
 
 
$2,776,599
 
 
$360,904,199
Total Options Purchased – Calls
(Cost $363,626,737)
 
 
 
 
 
 
 
 
2,776,599
 
 
360,904,199
OPTION PURCHASED – PUTS(b)(c) – 5.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 5.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
May 2027
 
 
756.56
 
 
4,897
 
 
370,487,432
 
 
19,078,810
Total Options Purchased – Puts
(Cost $21,413,021)
 
 
 
 
 
 
 
 
370,487,432
 
 
19,078,810
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.1%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.1%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$429,508
 
 
429,508
Total Short-Term Investments
(Cost $429,508)
 
 
 
 
 
 
 
 
 
 
429,508
Total Investments – 103.3%
(Cost $385,469,266)
 
 
 
 
 
 
 
 
 
 
380,412,517
Other assets less liabilities – (3.3)%
 
 
 
 
 
 
 
 
 
 
(12,185,765)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$368,226,752
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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 2027
 
 
$847.48
 
 
4,897
 
 
$10,689,593
 
 
$415,010,956
 
 
$(6,083,641)
 
 
 
 
 
 
 
 
$10,689,593
 
 
$415,010,956
 
 
$(6,083,641)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
May 2027
 
 
$605.18
 
 
4,897
 
 
$6,960,107
 
 
$296,356,646
 
 
$(5,543,894)
 
 
 
 
 
 
 
 
$6,960,107
 
 
$296,356,646
 
 
$(5,543,894)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$17,649,700
 
 
$711,367,602
 
 
$(11,627,535)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer20 Jun ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$360,904,199
 
 
$—
 
 
$360,904,199
Option Purchased - Puts
 
 
—
 
 
19,078,810
 
 
—
 
 
19,078,810
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
429,508
 
 
—
 
 
—
 
 
429,508
Total Assets
 
 
$429,508
 
 
$379,983,009
 
 
$—
 
 
$380,412,517
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(6,083,641)
 
 
$—
 
 
$(6,083,641)
Put Options Written
 
 
—
 
 
(5,543,894)
 
 
—
 
 
(5,543,894)
Total Liabilities
 
 
$—
 
 
$(11,627,535)
 
 
$—
 
 
$(11,627,535)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
54
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Jul ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 98.8%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 98.8%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
June 2027
 
 
$5.60
 
 
3,339
 
 
$1,869,840
 
 
$245,552,464
Total Options Purchased – Calls
(Cost $245,621,096)
 
 
 
 
 
 
 
 
1,869,840
 
 
245,552,464
OPTION PURCHASED – PUTS(b)(c) – 5.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 5.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
June 2027
 
 
746.84
 
 
3,339
 
 
249,369,876
 
 
12,826,067
Total Options Purchased – Puts
(Cost $13,754,904)
 
 
 
 
 
 
 
 
249,369,876
 
 
12,826,067
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.1%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.1%
 
 
 
 
 
 
 
 
 
 
JP Morgan Chase & Co.,
New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$206,575
 
 
206,575
Total Short-Term Investments
(Cost $206,575)
 
 
 
 
 
 
 
 
 
 
206,575
Total Investments – 104.1%
(Cost $259,582,575)
 
 
 
 
 
 
 
 
 
 
258,585,106
Other assets less liabilities – (4.1)%
 
 
 
 
 
 
 
 
 
 
(10,086,731)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$248,498,375
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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 2027
 
 
$837.65
 
 
3,339
 
 
$7,410,303
 
 
$279,691,335
 
 
$(5,921,015)
 
 
 
 
 
 
 
 
$7,410,303
 
 
$279,691,335
 
 
$(5,921,015)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
June 2027
 
 
$597.42
 
 
3,339
 
 
$4,266,665
 
 
$199,478,538
 
 
$(4,013,077)
 
 
 
 
 
 
 
 
$4,266,665
 
 
$199,478,538
 
 
$(4,013,077)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$11,676,968
 
 
$479,169,873
 
 
$(9,934,092)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer20 Jul ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$245,552,464
 
 
$—
 
 
$245,552,464
Option Purchased - Puts
 
 
—
 
 
12,826,067
 
 
—
 
 
12,826,067
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
206,575
 
 
—
 
 
—
 
 
206,575
Total Assets
 
 
$206,575
 
 
$258,378,531
 
 
$—
 
 
$258,585,106
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(5,921,015)
 
 
$—
 
 
$(5,921,015)
Put Options Written
 
 
—
 
 
(4,013,077)
 
 
—
 
 
(4,013,077)
Total Liabilities
 
 
$—
 
 
$(9,934,092)
 
 
$—
 
 
$(9,934,092)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
57
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Aug ETF
Schedule of Investments
July 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
 
 
July 2027
 
 
$5.60
 
 
1,806
 
 
$1,011,360
 
 
$132,713,910
Total Options Purchased – Calls
(Cost $132,720,863)
 
 
 
 
 
 
 
 
1,011,360
 
 
132,713,910
OPTION PURCHASED – PUTS(b)(c) – 5.5%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 5.5%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
July 2027
 
 
747.10
 
 
1,806
 
 
134,926,260
 
 
7,325,136
Total Options Purchased – Puts
(Cost $7,332,089)
 
 
 
 
 
 
 
 
134,926,260
 
 
7,325,136
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.6%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.6%
 
 
 
 
 
 
 
 
 
 
Australia & New Zealand Banking Group Ltd., New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$814,542
 
 
814,542
Total Short-Term Investments
(Cost $814,542)
 
 
 
 
 
 
 
 
 
 
814,542
Total Investments – 105.4%
(Cost $140,867,494)
 
 
 
 
 
 
 
 
 
 
140,853,588
Other assets less liabilities – (5.4)%
 
 
 
 
 
 
 
 
 
 
(7,271,464)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$133,582,124
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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 2027
 
 
$837.42
 
 
1,806
 
 
$3,744,109
 
 
$151,238,052
 
 
$(3,751,062)
 
 
 
 
 
 
 
 
$3,744,109
 
 
$151,238,052
 
 
$(3,751,062)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
July 2027
 
 
$597.62
 
 
1,806
 
 
$2,380,579
 
 
$107,930,172
 
 
$(2,387,532)
 
 
 
 
 
 
 
 
$2,380,579
 
 
$107,930,172
 
 
$(2,387,532)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$6,124,688
 
 
$259,168,224
 
 
$(6,138,594)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer20 Aug ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$132,713,910
 
 
$—
 
 
$—
 
 
$132,713,910
Option Purchased - Puts
 
 
7,325,136
 
 
—
 
 
—
 
 
7,325,136
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
814,542
 
 
—
 
 
—
 
 
814,542
Total Assets
 
 
$140,853,588
 
 
$—
 
 
$—
 
 
$140,853,588
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$(3,751,062)
 
 
$—
 
 
$—
 
 
$(3,751,062)
Put Options Written
 
 
(2,387,532)
 
 
—
 
 
—
 
 
(2,387,532)
Total Liabilities
 
 
$(6,138,594)
 
 
$—
 
 
$—
 
 
$(6,138,594)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
60
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Sep ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 105.8%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 105.8%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
August 2026
 
 
$4.84
 
 
1,440
 
 
$696,960
 
 
$106,822,094
Total Options Purchased – Calls
(Cost $92,288,551)
 
 
 
 
 
 
 
 
696,960
 
 
106,822,094
OPTION PURCHASED – PUTS(b)(c) – 0.1%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.1%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
August 2026
 
 
645.11
 
 
1,440
 
 
92,895,840
 
 
91,714
Total Options Purchased – Puts
(Cost $4,957,184)
 
 
 
 
 
 
 
 
92,895,840
 
 
91,714
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 1.5%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 1.5%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$1,544,827
 
 
1,544,827
Total Short-Term Investments
(Cost $1,544,827)
 
 
 
 
 
 
 
 
 
 
1,544,827
Total Investments – 107.4%
(Cost $98,790,562)
 
 
 
 
 
 
 
 
 
 
108,458,635
Other assets less liabilities – (7.4)%
 
 
 
 
 
 
 
 
 
 
(7,490,023)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$100,968,612
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
1,440
 
 
$2,288,896
 
 
$102,427,200
 
 
$(5,889,946)
 
 
 
 
 
 
 
 
$2,288,896
 
 
$102,427,200
 
 
$(5,889,946)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
1,440
 
 
$1,393,313
 
 
$74,309,760
 
 
$(14,630)
 
 
 
 
 
 
 
 
$1,393,313
 
 
$74,309,760
 
 
$(14,630)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$3,682,209
 
 
$176,736,960
 
 
$(5,904,576)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer20 Sep ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$106,822,094
 
 
$—
 
 
$106,822,094
Option Purchased - Puts
 
 
—
 
 
91,714
 
 
—
 
 
91,714
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
1,544,827
 
 
—
 
 
—
 
 
1,544,827
Total Assets
 
 
$1,544,827
 
 
$106,913,808
 
 
$—
 
 
$108,458,635
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(5,889,946)
 
 
$—
 
 
$(5,889,946)
Put Options Written
 
 
—
 
 
(14,630)
 
 
—
 
 
(14,630)
Total Liabilities
 
 
$—
 
 
$(5,904,576)
 
 
$—
 
 
$(5,904,576)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
63
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Oct ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 103.5%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 103.5%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
$5.00
 
 
4,470
 
 
$2,235,000
 
 
$330,610,766
Total Options Purchased – Calls
(Cost $295,621,624)
 
 
 
 
 
 
 
 
2,235,000
 
 
330,610,766
OPTION PURCHASED – PUTS(b)(c) – 0.4%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.4%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
666.25
 
 
4,470
 
 
297,813,750
 
 
1,395,579
Total Options Purchased – Puts
(Cost $16,065,863)
 
 
 
 
 
 
 
 
297,813,750
 
 
1,395,579
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.8%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.8%
 
 
 
 
 
 
 
 
 
 
Skandinaviska Enskilda Banken AB,
Stockholm, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$2,596,748
 
 
2,596,748
Total Short-Term Investments
(Cost $2,596,748)
 
 
 
 
 
 
 
 
 
 
2,596,748
Total Investments – 104.7%
(Cost $314,284,235)
 
 
 
 
 
 
 
 
 
 
334,603,093
Other assets less liabilities – (4.7)%
 
 
 
 
 
 
 
 
 
 
(15,166,904)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$319,436,189
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
4,470
 
 
$9,018,196
 
 
$328,424,310
 
 
$(11,997,301)
 
 
 
 
 
 
 
 
$9,018,196
 
 
$328,424,310
 
 
$(11,997,301)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
4,470
 
 
$4,947,598
 
 
$238,224,180
 
 
$(265,697)
 
 
 
 
 
 
 
 
$4,947,598
 
 
$238,224,180
 
 
$(265,697)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$13,965,794
 
 
$566,648,490
 
 
$(12,262,998)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer20 Oct ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$330,610,766
 
 
$—
 
 
$330,610,766
Option Purchased - Puts
 
 
—
 
 
1,395,579
 
 
—
 
 
1,395,579
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
2,596,748
 
 
—
 
 
—
 
 
2,596,748
Total Assets
 
 
$2,596,748
 
 
$332,006,345
 
 
$—
 
 
$334,603,093
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(11,997,301)
 
 
$—
 
 
$(11,997,301)
Put Options Written
 
 
—
 
 
(265,697)
 
 
—
 
 
(265,697)
Total Liabilities
 
 
$—
 
 
$(12,262,998)
 
 
$—
 
 
$(12,262,998)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
66
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Nov ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 101.8%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 101.8%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
October 2026
 
 
$5.12
 
 
1,306
 
 
$668,672
 
 
$96,598,499
Total Options Purchased – Calls
(Cost $87,625,202)
 
 
 
 
 
 
 
 
668,672
 
 
96,598,499
OPTION PURCHASED – PUTS(b)(c) – 0.9%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.9%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
October 2026
 
 
682.13
 
 
1,306
 
 
89,086,178
 
 
885,768
Total Options Purchased – Puts
(Cost $5,267,294)
 
 
 
 
 
 
 
 
89,086,178
 
 
885,768
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.5%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.5%
 
 
 
 
 
 
 
 
 
 
Australia & New Zealand Banking Group Ltd., London, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$448,713
 
 
448,713
Total Short-Term Investments
(Cost $448,713)
 
 
 
 
 
 
 
 
 
 
448,713
Total Investments – 103.2%
(Cost $93,341,209)
 
 
 
 
 
 
 
 
 
 
97,932,980
Other assets less liabilities – (3.2)%
 
 
 
 
 
 
 
 
 
 
(2,992,841)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$94,940,139
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
1,306
 
 
$2,541,518
 
 
$99,195,924
 
 
$(2,293,532)
 
 
 
 
 
 
 
 
$2,541,518
 
 
$99,195,924
 
 
$(2,293,532)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
1,306
 
 
$1,748,682
 
 
$71,261,890
 
 
$(181,586)
 
 
 
 
 
 
 
 
$1,748,682
 
 
$71,261,890
 
 
$(181,586)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$4,290,200
 
 
$170,457,814
 
 
$(2,475,118)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer20 Nov ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$96,598,499
 
 
$—
 
 
$96,598,499
Option Purchased - Puts
 
 
—
 
 
885,768
 
 
—
 
 
885,768
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
448,713
 
 
—
 
 
—
 
 
448,713
Total Assets
 
 
$448,713
 
 
$97,484,267
 
 
$—
 
 
$97,932,980
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(2,293,532)
 
 
$—
 
 
$(2,293,532)
Put Options Written
 
 
—
 
 
(181,586)
 
 
—
 
 
(181,586)
Total Liabilities
 
 
$—
 
 
$(2,475,118)
 
 
$—
 
 
$(2,475,118)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
69
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer20 Dec ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 102.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 102.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
November 2026
 
 
$5.13
 
 
3,135
 
 
$1,608,255
 
 
$231,876,858
Total Options Purchased – Calls
(Cost $210,639,480)
 
 
 
 
 
 
 
 
1,608,255
 
 
231,876,858
OPTION PURCHASED – PUTS(b)(c) – 1.3%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 1.3%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
November 2026
 
 
683.46
 
 
3,135
 
 
214,264,710
 
 
2,923,105
Total Options Purchased – Puts
(Cost $12,378,095)
 
 
 
 
 
 
 
 
214,264,710
 
 
2,923,105
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.4%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.4%
 
 
 
 
 
 
 
 
 
 
JP Morgan Chase & Co.,
New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$828,085
 
 
828,085
Total Short-Term Investments
(Cost $828,085)
 
 
 
 
 
 
 
 
 
 
828,085
Total Investments – 103.9%
(Cost $223,845,660)
 
 
 
 
 
 
 
 
 
 
235,628,048
Other assets less liabilities – (3.9)%
 
 
 
 
 
 
 
 
 
 
(8,786,982)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$226,841,066
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
3,135
 
 
$6,010,222
 
 
$238,375,995
 
 
$(7,015,911)
 
 
 
 
 
 
 
 
$6,010,222
 
 
$238,375,995
 
 
$(7,015,911)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
3,135
 
 
$3,984,961
 
 
$171,393,585
 
 
$(668,696)
 
 
 
 
 
 
 
 
$3,984,961
 
 
$171,393,585
 
 
$(668,696)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$9,995,183
 
 
$409,769,580
 
 
$(7,684,607)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer20 Dec ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$231,876,858
 
 
$—
 
 
$231,876,858
Option Purchased - Puts
 
 
—
 
 
2,923,105
 
 
—
 
 
2,923,105
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
828,085
 
 
—
 
 
—
 
 
828,085
Total Assets
 
 
$828,085
 
 
$234,799,963
 
 
$—
 
 
$235,628,048
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(7,015,911)
 
 
$—
 
 
$(7,015,911)
Put Options Written
 
 
—
 
 
(668,696)
 
 
—
 
 
(668,696)
Total Liabilities
 
 
$—
 
 
$(7,684,607)
 
 
$—
 
 
$(7,684,607)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
72
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 98.4%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 98.4%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
December 2026
 
 
$30.55
 
 
1,128
 
 
$3,446,040
 
 
$80,398,775
Total Options Purchased – Calls
(Cost $73,005,997)
 
 
 
 
 
 
 
 
3,446,040
 
 
80,398,775
OPTION PURCHASED – PUTS(b)(c) – 2.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
December 2026
 
 
707.36
 
 
1,128
 
 
79,790,208
 
 
1,762,466
Total Options Purchased – Puts
(Cost $5,351,132)
 
 
 
 
 
 
 
 
79,790,208
 
 
1,762,466
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.4%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.4%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$307,993
 
 
307,993
Total Short-Term Investments
(Cost $307,993)
 
 
 
 
 
 
 
 
 
 
307,993
Total Investments – 101.0%
(Cost $78,665,122)
 
 
 
 
 
 
 
 
 
 
82,469,234
Other assets less liabilities – (1.0)%
 
 
 
 
 
 
 
 
 
 
(813,198)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$81,656,036
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
1,128
 
 
$1,799,885
 
 
$65,382,264
 
 
$(457,979)
 
 
 
 
 
 
 
 
$1,799,885
 
 
$65,382,264
 
 
$(457,979)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,799,885
 
 
$65,382,264
 
 
$(457,979)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$80,398,775
 
 
$—
 
 
$80,398,775
Option Purchased - Puts
 
 
—
 
 
1,762,466
 
 
—
 
 
1,762,466
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
307,993
 
 
—
 
 
—
 
 
307,993
Total Assets
 
 
$307,993
 
 
$82,161,241
 
 
$—
 
 
$82,469,234
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(457,979)
 
 
$—
 
 
$(457,979)
Total Liabilities
 
 
$—
 
 
$(457,979)
 
 
$—
 
 
$(457,979)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
75
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 98.0%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 98.0%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
January 2027
 
 
$31.48
 
 
691
 
 
$2,175,268
 
 
$49,240,729
Total Options Purchased – Calls
(Cost $45,316,612)
 
 
 
 
 
 
 
 
2,175,268
 
 
49,240,729
OPTION PURCHASED – PUTS(b)(c) – 2.7%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.7%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
January 2027
 
 
718.26
 
 
691
 
 
49,631,766
 
 
1,381,219
Total Options Purchased – Puts
(Cost $3,413,151)
 
 
 
 
 
 
 
 
49,631,766
 
 
1,381,219
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.4%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.4%
 
 
 
 
 
 
 
 
 
 
Citibank, New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$190,832
 
 
190,832
Total Short-Term Investments
(Cost $190,832)
 
 
 
 
 
 
 
 
 
 
190,832
Total Investments – 101.1%
(Cost $48,920,595)
 
 
 
 
 
 
 
 
 
 
50,812,780
Other assets less liabilities – (1.1)%
 
 
 
 
 
 
 
 
 
 
(561,289)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$50,251,491
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
691
 
 
$1,220,984
 
 
$40,642,547
 
 
$(379,020)
 
 
 
 
 
 
 
 
$1,220,984
 
 
$40,642,547
 
 
$(379,020)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,220,984
 
 
$40,642,547
 
 
$(379,020)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$49,240,729
 
 
$—
 
 
$49,240,729
Option Purchased - Puts
 
 
—
 
 
1,381,219
 
 
—
 
 
1,381,219
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
190,832
 
 
—
 
 
—
 
 
190,832
Total Assets
 
 
$190,832
 
 
$50,621,948
 
 
$—
 
 
$50,812,780
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(379,020)
 
 
$—
 
 
$(379,020)
Total Liabilities
 
 
$—
 
 
$(379,020)
 
 
$—
 
 
$(379,020)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
78
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 98.0%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 98.0%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
February 2027
 
 
$32.86
 
 
468
 
 
$1,537,848
 
 
$33,307,542
Total Options Purchased – Calls
(Cost $30,437,465)
 
 
 
 
 
 
 
 
1,537,848
 
 
33,307,542
OPTION PURCHASED – PUTS(b)(c) – 2.9%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.9%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
February 2027
 
 
713.70
 
 
468
 
 
33,401,160
 
 
984,756
Total Options Purchased – Puts
(Cost $2,407,803)
 
 
 
 
 
 
 
 
33,401,160
 
 
984,756
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.2%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.2%
 
 
 
 
 
 
 
 
 
 
Skandinaviska Enskilda Banken AB,
Stockholm, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$65,094
 
 
65,094
Total Short-Term Investments
(Cost $65,094)
 
 
 
 
 
 
 
 
 
 
65,094
Total Investments – 101.1%
(Cost $32,910,362)
 
 
 
 
 
 
 
 
 
 
34,357,392
Other assets less liabilities – (1.1)%
 
 
 
 
 
 
 
 
 
 
(388,075)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$33,969,317
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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 2027
 
 
$583.09
 
 
468
 
 
$874,005
 
 
$27,288,612
 
 
$(291,466)
 
 
 
 
 
 
 
 
$874,005
 
 
$27,288,612
 
 
$(291,466)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$874,005
 
 
$27,288,612
 
 
$(291,466)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$33,307,542
 
 
$—
 
 
$33,307,542
Option Purchased - Puts
 
 
—
 
 
984,756
 
 
—
 
 
984,756
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
65,094
 
 
—
 
 
—
 
 
65,094
Total Assets
 
 
$65,094
 
 
$34,292,298
 
 
$—
 
 
$34,357,392
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(291,466)
 
 
$—
 
 
$(291,466)
Total Liabilities
 
 
$—
 
 
$(291,466)
 
 
$—
 
 
$(291,466)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
81
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Apr ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 98.4%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 98.4%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
March 2027
 
 
$38.63
 
 
755
 
 
$2,916,565
 
 
$53,195,835
Total Options Purchased – Calls
(Cost $45,922,395)
 
 
 
 
 
 
 
 
2,916,565
 
 
53,195,835
OPTION PURCHASED – PUTS(b)(c) – 2.5%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.5%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
March 2027
 
 
684.09
 
 
755
 
 
51,648,795
 
 
1,368,664
Total Options Purchased – Puts
(Cost $4,434,046)
 
 
 
 
 
 
 
 
51,648,795
 
 
1,368,664
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.2%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.2%
 
 
 
 
 
 
 
 
 
 
Australia & New Zealand Banking Group Ltd., London, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$87,198
 
 
87,198
Total Short-Term Investments
(Cost $87,198)
 
 
 
 
 
 
 
 
 
 
87,198
Total Investments – 101.1%
(Cost $50,443,639)
 
 
 
 
 
 
 
 
 
 
54,651,697
Other assets less liabilities – (1.1)%
 
 
 
 
 
 
 
 
 
 
(572,195)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$54,079,502
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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 2027
 
 
$552.79
 
 
755
 
 
$1,562,291
 
 
$41,735,645
 
 
$(441,011)
 
 
 
 
 
 
 
 
$1,562,291
 
 
$41,735,645
 
 
$(441,011)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,562,291
 
 
$41,735,645
 
 
$(441,011)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Apr ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$53,195,835
 
 
$—
 
 
$53,195,835
Option Purchased - Puts
 
 
—
 
 
1,368,664
 
 
—
 
 
1,368,664
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
87,198
 
 
—
 
 
—
 
 
87,198
Total Assets
 
 
$87,198
 
 
$54,564,499
 
 
$—
 
 
$54,651,697
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(441,011)
 
 
$—
 
 
$(441,011)
Total Liabilities
 
 
$—
 
 
$(441,011)
 
 
$—
 
 
$(441,011)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
84
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped May ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 96.9%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 96.9%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
April 2027
 
 
$31.19
 
 
590
 
 
$1,840,210
 
 
$42,011,339
Total Options Purchased – Calls
(Cost $40,700,726)
 
 
 
 
 
 
 
 
1,840,210
 
 
42,011,339
OPTION PURCHASED – PUTS(b)(c) – 4.6%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 4.6%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
April 2027
 
 
744.46
 
 
590
 
 
43,923,140
 
 
1,978,477
Total Options Purchased – Puts
(Cost $2,837,670)
 
 
 
 
 
 
 
 
43,923,140
 
 
1,978,477
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.2%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.2%
 
 
 
 
 
 
 
 
 
 
Citibank, New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$72,216
 
 
72,216
Total Short-Term Investments
(Cost $72,216)
 
 
 
 
 
 
 
 
 
 
72,216
Total Investments – 101.7%
(Cost $43,610,612)
 
 
 
 
 
 
 
 
 
 
44,062,032
Other assets less liabilities – (1.7)%
 
 
 
 
 
 
 
 
 
 
(715,935)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$43,346,097
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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 2027
 
 
$610.86
 
 
590
 
 
$1,028,764
 
 
$36,040,740
 
 
$(632,533)
 
 
 
 
 
 
 
 
$1,028,764
 
 
$36,040,740
 
 
$(632,533)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,028,764
 
 
$36,040,740
 
 
$(632,533)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped May ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$42,011,339
 
 
$—
 
 
$42,011,339
Option Purchased - Puts
 
 
—
 
 
1,978,477
 
 
—
 
 
1,978,477
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
72,216
 
 
—
 
 
—
 
 
72,216
Total Assets
 
 
$72,216
 
 
$43,989,816
 
 
$—
 
 
$44,062,032
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(632,533)
 
 
$—
 
 
$(632,533)
Total Liabilities
 
 
$—
 
 
$(632,533)
 
 
$—
 
 
$(632,533)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
87
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Jun ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 95.0%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 95.0%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
May 2027
 
 
$38.13
 
 
522
 
 
$1,990,386
 
 
$36,841,132
Total Options Purchased – Calls
(Cost $37,211,498)
 
 
 
 
 
 
 
 
1,990,386
 
 
36,841,132
OPTION PURCHASED – PUTS(b)(c) – 6.9%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 6.9%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
May 2027
 
 
788.93
 
 
522
 
 
41,182,146
 
 
2,685,789
Total Options Purchased – Puts
(Cost $2,857,969)
 
 
 
 
 
 
 
 
41,182,146
 
 
2,685,789
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.2%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.2%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$93,446
 
 
93,446
Total Short-Term Investments
(Cost $93,446)
 
 
 
 
 
 
 
 
 
 
93,446
Total Investments – 102.1%
(Cost $40,162,913)
 
 
 
 
 
 
 
 
 
 
39,620,367
Other assets less liabilities – (2.1)%
 
 
 
 
 
 
 
 
 
 
(845,424)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$38,774,943
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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 2027
 
 
$643.01
 
 
522
 
 
$930,760
 
 
$33,565,122
 
 
$(798,963)
 
 
 
 
 
 
 
 
$930,760
 
 
$33,565,122
 
 
$(798,963)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$930,760
 
 
$33,565,122
 
 
$(798,963)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Jun ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$36,841,132
 
 
$—
 
 
$36,841,132
Option Purchased - Puts
 
 
—
 
 
2,685,789
 
 
—
 
 
2,685,789
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
93,446
 
 
—
 
 
—
 
 
93,446
Total Assets
 
 
$93,446
 
 
$39,526,921
 
 
$—
 
 
$39,620,367
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(798,963)
 
 
$—
 
 
$(798,963)
Total Liabilities
 
 
$—
 
 
$(798,963)
 
 
$—
 
 
$(798,963)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
90
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Jul ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 95.5%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 95.5%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
June 2027
 
 
$36.22
 
 
1,134
 
 
$4,107,348
 
 
$80,065,480
Total Options Purchased – Calls
(Cost $80,010,848)
 
 
 
 
 
 
 
 
4,107,348
 
 
80,065,480
OPTION PURCHASED – PUTS(b)(c) – 6.6%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 6.6%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
June 2027
 
 
777.39
 
 
1,134
 
 
88,156,026
 
 
5,552,654
Total Options Purchased – Puts
(Cost $5,926,507)
 
 
 
 
 
 
 
 
88,156,026
 
 
5,552,654
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.1%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.1%
 
 
 
 
 
 
 
 
 
 
JP Morgan Chase & Co.,
New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$82,507
 
 
82,507
Total Short-Term Investments
(Cost $82,507)
 
 
 
 
 
 
 
 
 
 
82,507
Total Investments – 102.2%
(Cost $86,019,862)
 
 
 
 
 
 
 
 
 
 
85,700,641
Other assets less liabilities – (2.2)%
 
 
 
 
 
 
 
 
 
 
(1,874,283)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$83,826,358
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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 2027
 
 
$634.75
 
 
1,134
 
 
$1,920,289
 
 
$71,980,650
 
 
$(1,821,034)
 
 
 
 
 
 
 
 
$1,920,289
 
 
$71,980,650
 
 
$(1,821,034)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,920,289
 
 
$71,980,650
 
 
$(1,821,034)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Jul ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$80,065,480
 
 
$—
 
 
$80,065,480
Option Purchased - Puts
 
 
—
 
 
5,552,654
 
 
—
 
 
5,552,654
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
82,507
 
 
—
 
 
—
 
 
82,507
Total Assets
 
 
$82,507
 
 
$85,618,134
 
 
$—
 
 
$85,700,641
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(1,821,034)
 
 
$—
 
 
$(1,821,034)
Total Liabilities
 
 
$—
 
 
$(1,821,034)
 
 
$—
 
 
$(1,821,034)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
93
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF
Schedule of Investments
July 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
 
 
July 2027
 
 
$34.29
 
 
490
 
 
$1,680,210
 
 
$34,685,140
Total Options Purchased – Calls
(Cost $34,687,026)
 
 
 
 
 
 
 
 
1,680,210
 
 
34,685,140
OPTION PURCHASED – PUTS(b)(c) – 6.8%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 6.8%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
July 2027
 
 
775.72
 
 
490
 
 
38,010,280
 
 
2,469,600
Total Options Purchased – Puts
(Cost $2,471,487)
 
 
 
 
 
 
 
 
38,010,280
 
 
2,469,600
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.6%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.6%
 
 
 
 
 
 
 
 
 
 
JP Morgan Chase & Co.,
New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$205,019
 
 
205,019
Total Short-Term Investments
(Cost $205,019)
 
 
 
 
 
 
 
 
 
 
205,019
Total Investments – 102.7%
(Cost $37,363,532)
 
 
 
 
 
 
 
 
 
 
37,359,759
Other assets less liabilities – (2.7)%
 
 
 
 
 
 
 
 
 
 
(993,121)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$36,366,638
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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 2027
 
 
$634.98
 
 
490
 
 
$823,274
 
 
$31,114,020
 
 
$(825,160)
 
 
 
 
 
 
 
 
$823,274
 
 
$31,114,020
 
 
$(825,160)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$823,274
 
 
$31,114,020
 
 
$(825,160)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$34,685,140
 
 
$—
 
 
$—
 
 
$34,685,140
Option Purchased - Puts
 
 
2,469,600
 
 
—
 
 
—
 
 
2,469,600
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
205,019
 
 
—
 
 
—
 
 
205,019
Total Assets
 
 
$37,359,759
 
 
$—
 
 
$—
 
 
$37,359,759
Liabilities
 
 
 
 
 
 
 
 
Put Optisons Written
 
 
$(825,160)
 
 
$—
 
 
$—
 
 
$(825,160)
Total Liabilities
 
 
$(825,160)
 
 
$—
 
 
$—
 
 
$(825,160)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
96
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF
Schedule of Investments
July 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
 
 
August 2026
 
 
$27.09
 
 
2,181
 
 
$5,908,329
 
 
$156,955,163
Total Options Purchased – Calls
(Cost $137,829,312)
 
 
 
 
 
 
 
 
5,908,329
 
 
156,955,163
OPTION PURCHASED – PUTS(b)(c) – 0.1%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.1%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
August 2026
 
 
667.30
 
 
2,181
 
 
145,538,130
 
 
210,227
Total Options Purchased – Puts
(Cost $7,768,208)
 
 
 
 
 
 
 
 
145,538,130
 
 
210,227
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.5%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.5%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$771,556
 
 
771,556
Total Short-Term Investments
(Cost $771,556)
 
 
 
 
 
 
 
 
 
 
771,556
Total Investments – 100.6%
(Cost $146,369,076)
 
 
 
 
 
 
 
 
 
 
157,936,946
Other assets less liabilities – (0.6)%
 
 
 
 
 
 
 
 
 
 
(944,791)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$156,992,155
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
2,181
 
 
$2,508,340
 
 
$119,582,049
 
 
$(34,722)
 
 
 
 
 
 
 
 
$2,508,340
 
 
$119,582,049
 
 
$(34,722)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$2,508,340
 
 
$119,582,049
 
 
$(34,722)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$156,955,163
 
 
$—
 
 
$156,955,163
Option Purchased - Puts
 
 
—
 
 
210,227
 
 
—
 
 
210,227
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
771,556
 
 
—
 
 
—
 
 
771,556
Total Assets
 
 
$771,556
 
 
$157,165,390
 
 
$—
 
 
$157,936,946
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(34,722)
 
 
$—
 
 
$(34,722)
Total Liabilities
 
 
$—
 
 
$(34,722)
 
 
$—
 
 
$(34,722)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
99
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 99.5%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 99.5%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
$30.18
 
 
821
 
 
$2,477,778
 
 
$58,670,909
Total Options Purchased – Calls
(Cost $52,388,447)
 
 
 
 
 
 
 
 
2,477,778
 
 
58,670,909
OPTION PURCHASED – PUTS(b)(c) – 0.7%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.7%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
691.36
 
 
821
 
 
56,760,656
 
 
398,924
Total Options Purchased – Puts
(Cost $3,507,830)
 
 
 
 
 
 
 
 
56,760,656
 
 
398,924
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.6%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.6%
 
 
 
 
 
 
 
 
 
 
Australia & New Zealand Banking Group Ltd., New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$365,097
 
 
365,097
Total Short-Term Investments
(Cost $365,097)
 
 
 
 
 
 
 
 
 
 
365,097
Total Investments – 100.8%
(Cost $56,261,374)
 
 
 
 
 
 
 
 
 
 
59,434,930
Other assets less liabilities – (0.8)%
 
 
 
 
 
 
 
 
 
 
(460,590)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$58,974,340
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
821
 
 
$1,184,817
 
 
$46,489,125
 
 
$(69,572)
 
 
 
 
 
 
 
 
$1,184,817
 
 
$46,489,125
 
 
$(69,572)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,184,817
 
 
$ 46,489,125
 
 
$(69,572)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$58,670,909
 
 
$—
 
 
$58,670,909
Option Purchased - Puts
 
 
—
 
 
398,924
 
 
—
 
 
398,924
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
365,097
 
 
—
 
 
—
 
 
365,097
Total Assets
 
 
$365,097
 
 
$59,069,833
 
 
$—
 
 
$59,434,930
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(69,572)
 
 
$—
 
 
$(69,572)
Total Liabilities
 
 
$—
 
 
$(69,572)
 
 
$—
 
 
$(69,572)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
102
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF
Schedule of Investments
July 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
 
 
$32.19
 
 
479
 
 
$1,541,901
 
 
$34,147,110
Total Options Purchased – Calls
(Cost $31,049,765)
 
 
 
 
 
 
 
 
1,541,901
 
 
34,147,110
OPTION PURCHASED – PUTS(b)(c) – 1.4%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 1.4%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
October 2026
 
 
709.14
 
 
479
 
 
33,967,806
 
 
485,826
Total Options Purchased – Puts
(Cost $2,338,893)
 
 
 
 
 
 
 
 
33,967,806
 
 
485,826
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.5%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.5%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$169,415
 
 
169,415
Total Short-Term Investments
(Cost $169,415)
 
 
 
 
 
 
 
 
 
 
169,415
Total Investments – 100.9%
(Cost $33,558,073)
 
 
 
 
 
 
 
 
 
 
34,802,351
Other assets less liabilities – (0.9)%
 
 
 
 
 
 
 
 
 
 
(297,321)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$34,505,030
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
479
 
 
$813,100
 
 
$27,770,025
 
 
$(92,687)
 
 
 
 
 
 
 
 
$813,100
 
 
$27,770,025
 
 
$(92,687)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$813,100
 
 
$ 27,770,025
 
 
$(92,687)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$34,147,110
 
 
$—
 
 
$34,147,110
Option Purchased - Puts
 
 
—
 
 
485,826
 
 
—
 
 
485,826
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
169,415
 
 
—
 
 
—
 
 
169,415
Total Assets
 
 
$169,415
 
 
$34,632,936
 
 
$—
 
 
$34,802,351
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(92,687)
 
 
$—
 
 
$(92,687)
Total Liabilities
 
 
$—
 
 
$(92,687)
 
 
$—
 
 
$(92,687)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
105
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF
Schedule of Investments
July 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
 
 
November 2026
 
 
$32.32
 
 
694
 
 
$2,243,008
 
 
$49,471,561
Total Options Purchased – Calls
(Cost $45,385,852)
 
 
 
 
 
 
 
 
2,243,008
 
 
49,471,561
OPTION PURCHASED – PUTS(b)(c) – 1.8%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 1.8%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
November 2026
 
 
710.59
 
 
694
 
 
49,314,946
 
 
914,442
Total Options Purchased – Puts
(Cost $3,407,217)
 
 
 
 
 
 
 
 
49,314,946
 
 
914,442
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 1.9%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 1.9%
 
 
 
 
 
 
 
 
 
 
Australia & New Zealand Banking Group Ltd., New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$968,988
 
 
968,988
Total Short-Term Investments
(Cost $968,988)
 
 
 
 
 
 
 
 
 
 
968,988
Total Investments – 102.4%
(Cost $49,762,057)
 
 
 
 
 
 
 
 
 
 
51,354,991
Other assets less liabilities – (2.4)%
 
 
 
 
 
 
 
 
 
 
(1,202,460)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$50,152,531
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
694
 
 
$1,040,533
 
 
$40,313,072
 
 
$(204,251)
 
 
 
 
 
 
 
 
$1,040,533
 
 
$40,313,072
 
 
$(204,251)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,040,533
 
 
$40,313,072
 
 
$(204,251)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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
July 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 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
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$49,471,561
 
 
$—
 
 
$49,471,561
Option Purchased - Puts
 
 
—
 
 
914,442
 
 
—
 
 
914,442
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
968,988
 
 
—
 
 
—
 
 
968,988
Total Assets
 
 
$968,988
 
 
$50,386,003
 
 
$—
 
 
$51,354,991
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(204,251)
 
 
$—
 
 
$(204,251)
Total Liabilities
 
 
$—
 
 
$(204,251)
 
 
$—
 
 
$(204,251)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
108
 
AIM ETF PRODUCTS TRUST
AllianzIM International Equity Buffer15 Uncapped Jan ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 98.0%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 98.0%
 
 
 
 
 
 
 
 
 
 
iShares MSCI EAFE ETF
 
 
December 2026
 
 
$3.27
 
 
2,304
 
 
$753,408
 
 
$23,387,098
Total Options Purchased – Calls
(Cost $22,590,239)
 
 
 
 
 
 
 
 
753,408
 
 
23,387,098
OPTION PURCHASED – PUTS(b)(c) – 3.1%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 3.1%
 
 
 
 
 
 
 
 
 
 
iShares MSCI EAFE ETF
 
 
December 2026
 
 
103.26
 
 
2,304
 
 
23,791,104
 
 
747,625
Total Options Purchased – Puts
(Cost $1,267,832)
 
 
 
 
 
 
 
 
23,791,104
 
 
747,625
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.2%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.2%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$50,440
 
 
50,440
Total Short-Term Investments
(Cost $50,440)
 
 
 
 
 
 
 
 
 
 
50,440
Total Investments – 101.3%
(Cost $23,908,511)
 
 
 
 
 
 
 
 
 
 
24,185,163
Other assets less liabilities – (1.3)%
 
 
 
 
 
 
 
 
 
 
(313,896)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$23,871,267
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
2,304
 
 
$336,969
 
 
$19,729,152
 
 
$(256,274)
 
 
 
 
 
 
 
 
$336,969
 
 
$19,729,152
 
 
$(256,274)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$336,969
 
 
$ 19,729,152
 
 
$(256,274)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 31, 2026.
 
 
 
 
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
July 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 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
July 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 July 31, 2026:
AllianzIM International Equity Buffer15 Uncapped Jan ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$23,387,098
 
 
$—
 
 
$23,387,098
Option Purchased - Puts
 
 
—
 
 
747,625
 
 
—
 
 
747,625
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
50,440
 
 
—
 
 
—
 
 
50,440
Total Assets
 
 
$50,440
 
 
$24,134,723
 
 
$—
 
 
$24,185,163
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(256,274)
 
 
$—
 
 
$(256,274)
Total Liabilities
 
 
$—
 
 
$(256,274)
 
 
$—
 
 
$(256,274)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
111
 
AIM ETF PRODUCTS TRUST
AllianzIM International Equity Buffer15 Uncapped Apr ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 97.7%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 97.7%
 
 
 
 
 
 
 
 
 
 
iShares MSCI EAFE ETF
 
 
March 2027
 
 
$5.32
 
 
647
 
 
$344,204
 
 
$6,449,982
Total Options Purchased – Calls
(Cost $5,905,279)
 
 
 
 
 
 
 
 
344,204
 
 
6,449,982
OPTION PURCHASED – PUTS(b)(c) – 3.6%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 3.6%
 
 
 
 
 
 
 
 
 
 
iShares MSCI EAFE ETF
 
 
March 2027
 
 
101.72
 
 
647
 
 
6,581,284
 
 
234,583
Total Options Purchased – Puts
(Cost $562,048)
 
 
 
 
 
 
 
 
6,581,284
 
 
234,583
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.1%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.1%
 
 
 
 
 
 
 
 
 
 
DBS Bank Ltd.,
Singapore, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$7,821
 
 
7,821
Total Short-Term Investments
(Cost $7,821)
 
 
 
 
 
 
 
 
 
 
7,821
Total Investments – 101.4%
(Cost $6,475,148)
 
 
 
 
 
 
 
 
 
 
6,692,386
Other assets less liabilities – (1.4)%
 
 
 
 
 
 
 
 
 
 
(89,942)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$6,602,444
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 31, 2026
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
iShares MSCI EAFE ETF
 
 
March 2027
 
 
$82.56
 
 
647
 
 
$174,605
 
 
$5,341,632
 
 
$(73,978)
 
 
 
 
 
 
 
 
$174,605
 
 
$5,341,632
 
 
$(73,978)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$174,605
 
 
$5,341,632
 
 
$(73,978)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
112
 
AIM ETF PRODUCTS TRUST
AllianzIM International Equity Buffer15 Uncapped Apr ETF
Notes to Schedule of Investments
July 31, 2026 (unaudited)
Investment Valuation
The AllianzIM International 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 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 International Equity Buffer15 Uncapped Apr ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM International Equity Buffer15 Uncapped Apr ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$6,449,982
 
 
$—
 
 
$6,449,982
Option Purchased - Puts
 
 
—
 
 
234,583
 
 
—
 
 
234,583
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
7,821
 
 
—
 
 
—
 
 
7,821
Total Assets
 
 
$7,821
 
 
$6,684,565
 
 
$—
 
 
$6,692,386
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(73,978)
 
 
$—
 
 
$(73,978)
Total Liabilities
 
 
$—
 
 
$(73,978)
 
 
$—
 
 
$(73,978)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
114
 
AIM ETF PRODUCTS TRUST
AllianzIM International Equity Buffer15 Uncapped Jul ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 96.0%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 96.0%
 
 
 
 
 
 
 
 
 
 
iShares MSCI EAFE ETF
 
 
June 2027
 
 
$4.10
 
 
606
 
 
$248,460
 
 
$6,035,936
Total Options Purchased – Calls
(Cost $5,941,071)
 
 
 
 
 
 
 
 
248,460
 
 
6,035,936
OPTION PURCHASED – PUTS(b)(c) – 6.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 6.2%
 
 
 
 
 
 
 
 
 
 
iShares MSCI EAFE ETF
 
 
June 2027
 
 
107.20
 
 
606
 
 
6,496,320
 
 
386,973
Total Options Purchased – Puts
(Cost $448,047)
 
 
 
 
 
 
 
 
6,496,320
 
 
386,973
Total Investments – 102.2%
(Cost $6,389,118)
 
 
 
 
 
 
 
 
 
 
6,422,909
Other assets less liabilities – (2.2)%
 
 
 
 
 
 
 
 
 
 
(135,494)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$6,287,415
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 31, 2026
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
iShares MSCI EAFE ETF
 
 
June 2027
 
 
$88.30
 
 
606
 
 
$137,106
 
 
$5,350,980
 
 
$(128,969)
 
 
 
 
 
 
 
 
$137,106
 
 
$5,350,980
 
 
$(128,969)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$137,106
 
 
$ 5,350,980
 
 
$(128,969)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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.
 
115
 
AIM ETF PRODUCTS TRUST
AllianzIM International Equity Buffer15 Uncapped Jul ETF
Notes to Schedule of Investments
July 31, 2026 (unaudited)
Investment Valuation
The AllianzIM International 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 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 International Equity Buffer15 Uncapped Jul ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM International Equity Buffer15 Uncapped Jul ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$6,035,936
 
 
$—
 
 
$6,035,936
Option Purchased - Puts
 
 
—
 
 
386,973
 
 
—
 
 
386,973
Total Assets
 
 
$—
 
 
$6,422,909
 
 
$—
 
 
$6,422,909
Liabilities
 
 
 
 
 
 
 
 
Put Options Written
 
 
$—
 
 
$(128,969)
 
 
$—
 
 
$(128,969)
Total Liabilities
 
 
$—
 
 
$(128,969)
 
 
$—
 
 
$(128,969)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
117
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF
Schedule of Investments
July 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
 
 
December 2026
 
 
$5.53
 
 
1,961
 
 
$1,084,433
 
 
$144,585,177
Total Options Purchased – Calls
(Cost $144,668,951)
 
 
 
 
 
 
 
 
1,084,433
 
 
144,585,177
OPTION PURCHASED – PUTS(b)(c) – 3.4%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 3.4%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
December 2026
 
 
746.70
 
 
1,961
 
 
146,427,870
 
 
4,962,095
Total Options Purchased – Puts
(Cost $5,586,403)
 
 
 
 
 
 
 
 
146,427,870
 
 
4,962,095
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.4%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.4%
 
 
 
 
 
 
 
 
 
 
JP Morgan Chase & Co.,
New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$639,511
 
 
639,511
Total Short-Term Investments
(Cost $639,511)
 
 
 
 
 
 
 
 
 
 
639,511
Total Investments – 102.5%
(Cost $150,894,865)
 
 
 
 
 
 
 
 
 
 
150,186,783
Other assets less liabilities – (2.5)%
 
 
 
 
 
 
 
 
 
 
(3,656,011)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$146,530,772
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
$807.78
 
 
1,961
 
 
$2,401,946
 
 
$158,405,658
 
 
$(1,501,185)
 
 
 
 
 
 
 
 
$2,401,946
 
 
$158,405,658
 
 
$(1,501,185)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
December 2026
 
 
$672.09
 
 
1,961
 
 
$2,452,773
 
 
$131,796,849
 
 
$(2,063,109)
 
 
 
 
 
 
 
 
$2,452,773
 
 
$131,796,849
 
 
$(2,063,109)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$4,854,719
 
 
$ 290,202,507
 
 
$(3,564,294)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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 Jan/Jul ETF
Notes to Schedule of Investments
July 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 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 Jan/Jul ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$144,585,177
 
 
$—
 
 
$144,585,177
Option Purchased - Puts
 
 
—
 
 
4,962,095
 
 
—
 
 
4,962,095
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
639,511
 
 
—
 
 
—
 
 
639,511
Total Assets
 
 
$639,511
 
 
$149,547,272
 
 
$—
 
 
$150,186,783
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(1,501,185)
 
 
$—
 
 
$(1,501,185)
Put Options Written
 
 
—
 
 
(2,063,109)
 
 
—
 
 
(2,063,109)
Total Liabilities
 
 
$—
 
 
$(3,564,294)
 
 
$—
 
 
$(3,564,294)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
120
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Feb/Aug ETF
Schedule of Investments
July 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
 
 
January 2027
 
 
$5.53
 
 
640
 
 
$353,920
 
 
$47,236,480
Total Options Purchased – Calls
(Cost $47,238,944)
 
 
 
 
 
 
 
 
353,920
 
 
47,236,480
OPTION PURCHASED – PUTS(b)(c) – 3.8%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 3.8%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
January 2027
 
 
746.96
 
 
640
 
 
47,805,440
 
 
1,788,160
Total Options Purchased – Puts
(Cost $1,790,624)
 
 
 
 
 
 
 
 
47,805,440
 
 
1,788,160
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.7%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.7%
 
 
 
 
 
 
 
 
 
 
JP Morgan Chase & Co.,
New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$315,418
 
 
315,418
Total Short-Term Investments
(Cost $315,418)
 
 
 
 
 
 
 
 
 
 
315,418
Total Investments – 103.8%
(Cost $49,344,986)
 
 
 
 
 
 
 
 
 
 
49,340,058
Other assets less liabilities – (3.8)%
 
 
 
 
 
 
 
 
 
 
(1,798,956)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$47,541,102
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
$804.92
 
 
640
 
 
$752,736
 
 
$51,514,880
 
 
$(755,200)
 
 
 
 
 
 
 
 
$752,736
 
 
$51,514,880
 
 
$(755,200)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
January 2027
 
 
$672.33
 
 
640
 
 
$805,216
 
 
$43,029,120
 
 
$(807,680)
 
 
 
 
 
 
 
 
$805,216
 
 
$43,029,120
 
 
$(807,680)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,557,952
 
 
$ 94,544,000
 
 
$(1,562,880)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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 Feb/Aug ETF
Notes to Schedule of Investments
July 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 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 Feb/Aug ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM U.S. Equity 6 Month Buffer10 Feb/Aug ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$47,236,480
 
 
$—
 
 
$—
 
 
$47,236,480
Option Purchased - Puts
 
 
1,788,160
 
 
—
 
 
—
 
 
1,788,160
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
315,418
 
 
—
 
 
—
 
 
315,418
Total Assets
 
 
$49,340,058
 
 
$—
 
 
$—
 
 
$49,340,058
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$(755,200)
 
 
$—
 
 
$—
 
 
$(755,200)
Put Options Written
 
 
(807,680)
 
 
—
 
 
—
 
 
(807,680)
Total Liabilities
 
 
$(1,562,880)
 
 
$—
 
 
$—
 
 
$(1,562,880)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
123
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 102.0%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 102.0%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
August 2026
 
 
$5.08
 
 
608
 
 
$308,864
 
 
$45,088,125
Total Options Purchased – Calls
(Cost $41,370,433)
 
 
 
 
 
 
 
 
308,864
 
 
45,088,125
OPTION PURCHASED – PUTS(b)(c) – 0.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
August 2026
 
 
685.92
 
 
608
 
 
41,703,936
 
 
90,957
Total Options Purchased – Puts
(Cost $1,784,807)
 
 
 
 
 
 
 
 
41,703,936
 
 
90,957
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.6%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.6%
 
 
 
 
 
 
 
 
 
 
Australia & New Zealand Banking Group Ltd., London, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$286,971
 
 
286,971
Total Short-Term Investments
(Cost $286,971)
 
 
 
 
 
 
 
 
 
 
286,971
Total Investments – 102.8%
(Cost $43,442,211)
 
 
 
 
 
 
 
 
 
 
45,466,053
Other assets less liabilities – (2.8)%
 
 
 
 
 
 
 
 
 
 
(1,230,070)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$44,235,983
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
$739.70
 
 
608
 
 
$730,047
 
 
$44,973,760
 
 
$(1,058,729)
 
 
 
 
 
 
 
 
$730,047
 
 
$44,973,760
 
 
$(1,058,729)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
August 2026
 
 
$617.39
 
 
608
 
 
$849,201
 
 
$37,537,312
 
 
$(25,487)
 
 
 
 
 
 
 
 
$849,201
 
 
$37,537,312
 
 
$(25,487)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,579,248
 
 
$82,511,072
 
 
$(1,084,216)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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 Mar/Sep ETF
Notes to Schedule of Investments
July 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 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 Mar/Sep ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$45,088,125
 
 
$—
 
 
$45,088,125
Option Purchased - Puts
 
 
—
 
 
90,957
 
 
—
 
 
90,957
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
286,971
 
 
—
 
 
—
 
 
286,971
Total Assets
 
 
$286,971
 
 
$45,179,082
 
 
$—
 
 
$45,466,053
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(1,058,729)
 
 
$—
 
 
$(1,058,729)
Put Options Written
 
 
—
 
 
(25,487)
 
 
—
 
 
(25,487)
Total Liabilities
 
 
$—
 
 
$(1,084,216)
 
 
$—
 
 
$(1,084,216)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
126
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 106.6%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 106.6%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
$4.81
 
 
1,717
 
 
$825,877
 
 
$127,025,360
Total Options Purchased – Calls
(Cost $110,296,389)
 
 
 
 
 
 
 
 
825,877
 
 
127,025,360
OPTION PURCHASED – PUTS(b)(c) – 0.3%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.3%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
650.27
 
 
1,717
 
 
111,651,359
 
 
415,411
Total Options Purchased – Puts
(Cost $5,947,430)
 
 
 
 
 
 
 
 
111,651,359
 
 
415,411
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.7%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.7%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$851,176
 
 
851,176
Total Short-Term Investments
(Cost $851,176)
 
 
 
 
 
 
 
 
 
 
851,176
Total Investments – 107.6%
(Cost $117,094,995)
 
 
 
 
 
 
 
 
 
 
128,291,947
Other assets less liabilities – (7.6)%
 
 
 
 
 
 
 
 
 
 
(9,115,826)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$119,176,121
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
$707.05
 
 
1,717
 
 
$2,405,775
 
 
$121,400,485
 
 
$(8,431,414)
 
 
 
 
 
 
 
 
$2,405,775
 
 
$121,400,485
 
 
$(8,431,414)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
$585.31
 
 
1,717
 
 
$2,974,102
 
 
$100,497,727
 
 
$(179,220)
 
 
 
 
 
 
 
 
$2,974,102
 
 
$100,497,727
 
 
$(179,220)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$5,379,877
 
 
$ 221,898,212
 
 
$(8,610,634)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 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 Apr/Oct ETF
Notes to Schedule of Investments
July 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 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 Apr/Oct ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$127,025,360
 
 
$—
 
 
$127,025,360
Option Purchased - Puts
 
 
—
 
 
415,411
 
 
—
 
 
415,411
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
851,176
 
 
—
 
 
—
 
 
851,176
Total Assets
 
 
$851,176
 
 
$127,440,771
 
 
$—
 
 
$128,291,947
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(8,431,414)
 
 
$—
 
 
$(8,431,414)
Put Options Written
 
 
—
 
 
(179,220)
 
 
—
 
 
(179,220)
Total Liabilities
 
 
$—
 
 
$(8,610,634)
 
 
$—
 
 
$(8,610,634)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
129
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF
Schedule of Investments
July 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
 
 
October 2026
 
 
$5.32
 
 
848
 
 
$451,136
 
 
$62,705,691
Total Options Purchased – Calls
(Cost $61,581,757)
 
 
 
 
 
 
 
 
451,136
 
 
62,705,691
OPTION PURCHASED – PUTS(b)(c) – 1.6%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 1.6%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
October 2026
 
 
718.59
 
 
848
 
 
60,936,432
 
 
998,995
Total Options Purchased – Puts
(Cost $2,473,230)
 
 
 
 
 
 
 
 
60,936,432
 
 
998,995
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.7%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.7%
 
 
 
 
 
 
 
 
 
 
DBS Bank Ltd.,
Singapore, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$462,077
 
 
462,077
Total Short-Term Investments
(Cost $462,077)
 
 
 
 
 
 
 
 
 
 
462,077
Total Investments – 102.5%
(Cost $64,517,064)
 
 
 
 
 
 
 
 
 
 
64,166,763
Other assets less liabilities – (2.5)%
 
 
 
 
 
 
 
 
 
 
(1,554,707)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$62,612,056
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
$774.28
 
 
848
 
 
$1,044,429
 
 
$65,658,944
 
 
$(900,737)
 
 
 
 
 
 
 
 
$1,044,429
 
 
$65,658,944
 
 
$(900,737)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
October 2026
 
 
$646.79
 
 
848
 
 
$980,794
 
 
$54,847,792
 
 
$(355,380)
 
 
 
 
 
 
 
 
$980,794
 
 
$54,847,792
 
 
$(355,380)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$2,025,223
 
 
$ 120,506,736
 
 
$(1,256,117)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
130
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF
Notes to Schedule of Investments
July 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 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 Buffer10 May/Nov ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$62,705,691
 
 
$—
 
 
$62,705,691
Option Purchased - Puts
 
 
—
 
 
998,995
 
 
—
 
 
998,995
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
462,077
 
 
—
 
 
—
 
 
462,077
Total Assets
 
 
$462,077
 
 
$63,704,686
 
 
$—
 
 
$64,166,763
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(900,737)
 
 
$—
 
 
$(900,737)
Put Options Written
 
 
—
 
 
(355,380)
 
 
—
 
 
(355,380)
Total Liabilities
 
 
$—
 
 
$(1,256,117)
 
 
$—
 
 
$(1,256,117)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
132
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 97.9%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 97.9%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
November 2026
 
 
$5.60
 
 
5,188
 
 
$2,905,280
 
 
$383,533,276
Total Options Purchased – Calls
(Cost $387,780,413)
 
 
 
 
 
 
 
 
2,905,280
 
 
383,533,276
OPTION PURCHASED – PUTS(b)(c) – 3.4%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 3.4%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
November 2026
 
 
756.40
 
 
5,188
 
 
392,420,320
 
 
13,296,844
Total Options Purchased – Puts
(Cost $15,332,163)
 
 
 
 
 
 
 
 
392,420,320
 
 
13,296,844
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.5%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.5%
 
 
 
 
 
 
 
 
 
 
DBS Bank Ltd.,
Singapore, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$1,763,660
 
 
1,763,660
Total Short-Term Investments
(Cost $1,763,660)
 
 
 
 
 
 
 
 
 
 
1,763,660
Total Investments – 101.8%
(Cost $404,876,236)
 
 
 
 
 
 
 
 
 
 
398,593,780
Other assets less liabilities – (1.8)%
 
 
 
 
 
 
 
 
 
 
(6,788,076)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$391,805,704
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
$817.57
 
 
5,188
 
 
$6,468,115
 
 
$424,155,316
 
 
$(1,763,920)
 
 
 
 
 
 
 
 
$6,468,115
 
 
$424,155,316
 
 
$(1,763,920)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
November 2026
 
 
$680.83
 
 
5,188
 
 
$6,769,974
 
 
$353,214,604
 
 
$(4,695,140)
 
 
 
 
 
 
 
 
$6,769,974
 
 
$353,214,604
 
 
$(4,695,140)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$13,238,089
 
 
$777,369,920
 
 
$(6,459,060)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
133
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF
Notes to Schedule of Investments
July 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 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 Buffer10 Jun/Dec ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$383,533,276
 
 
$—
 
 
$—
 
 
$383,533,276
Option Purchased - Puts
 
 
13,296,844
 
 
—
 
 
—
 
 
13,296,844
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
1,763,660
 
 
—
 
 
—
 
 
1,763,660
Total Assets
 
 
$398,593,780
 
 
$—
 
 
$—
 
 
$398,593,780
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$(1,763,920)
 
 
$—
 
 
$—
 
 
$(1,763,920)
Put Options Written
 
 
(4,695,140)
 
 
—
 
 
—
 
 
(4,695,140)
Total Liabilities
 
 
$(6,459,060)
 
 
$—
 
 
$—
 
 
$(6,459,060)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
135
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Floor5 Jan/Jul ETF
Schedule of Investments
July 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
 
 
December 2026
 
 
$5.68
 
 
114
 
 
$64,752
 
 
$8,403,580
Total Options Purchased – Calls
(Cost $8,408,851)
 
 
 
 
 
 
 
 
64,752
 
 
8,403,580
OPTION PURCHASED – PUTS(b)(c) – 2.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
December 2026
 
 
709.43
 
 
114
 
 
8,087,502
 
 
182,460
Total Options Purchased – Puts
(Cost $214,075)
 
 
 
 
 
 
 
 
8,087,502
 
 
182,460
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.1%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.1%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$8,306
 
 
8,306
Total Short-Term Investments
(Cost $8,306)
 
 
 
 
 
 
 
 
 
 
8,306
Total Investments – 101.4%
(Cost $8,631,232)
 
 
 
 
 
 
 
 
 
 
8,594,346
Other assets less liabilities – (1.4)%
 
 
 
 
 
 
 
 
 
 
(119,614)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$8,474,732
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
$798.89
 
 
114
 
 
$173,183
 
 
$9,107,346
 
 
$(114,298)
 
 
 
 
 
 
 
 
$173,183
 
 
$9,107,346
 
 
$(114,298)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$173,183
 
 
$9,107,346
 
 
$(114,298)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
136
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Floor5 Jan/Jul ETF
Notes to Schedule of Investments
July 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 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 6 Month Floor5 Jan/Jul ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM U.S. Equity 6 Month Floor5 Jan/Jul ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$8,403,580
 
 
$—
 
 
$8,403,580
Option Purchased - Puts
 
 
—
 
 
182,460
 
 
—
 
 
182,460
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
8,306
 
 
—
 
 
—
 
 
8,306
Total Assets
 
 
$8,306
 
 
$8,586,040
 
 
$—
 
 
$8,594,346
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(114,298)
 
 
$—
 
 
$(114,298)
Total Liabilities
 
 
$—
 
 
$(114,298)
 
 
$—
 
 
$(114,298)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
138
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 109.3%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 109.3%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
$4.94
 
 
126
 
 
$62,244
 
 
$9,319,979
Total Options Purchased – Calls
(Cost $8,092,331)
 
 
 
 
 
 
 
 
62,244
 
 
9,319,979
OPTION PURCHASED – PUTS(b)(c) – 0.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 0.2%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
617.82
 
 
126
 
 
7,784,532
 
 
19,359
Total Options Purchased – Puts
(Cost $313,469)
 
 
 
 
 
 
 
 
7,784,532
 
 
19,359
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.3%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.3%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$24,536
 
 
24,536
Total Short-Term Investments
(Cost $24,536)
 
 
 
 
 
 
 
 
 
 
24,536
Total Investments – 109.8%
(Cost $8,430,336)
 
 
 
 
 
 
 
 
 
 
9,363,874
Other assets less liabilities – (9.8)%
 
 
 
 
 
 
 
 
 
 
(834,724)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$8,529,150
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
$689.56
 
 
126
 
 
$272,431
 
 
$8,688,456
 
 
$(813,917)
 
 
 
 
 
 
 
 
$272,431
 
 
$8,688,456
 
 
$(813,917)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$272,431
 
 
$8,688,456
 
 
$(813,917)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
139
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF
Notes to Schedule of Investments
July 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 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 6 Month Floor5 Apr/Oct ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$9,319,979
 
 
$—
 
 
$9,319,979
Option Purchased - Puts
 
 
—
 
 
19,359
 
 
—
 
 
19,359
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
24,536
 
 
—
 
 
—
 
 
24,536
Total Assets
 
 
$24,536
 
 
$9,339,338
 
 
$—
 
 
$9,363,874
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(813,917)
 
 
$—
 
 
$(813,917)
Total Liabilities
 
 
$—
 
 
$(813,917)
 
 
$—
 
 
$(813,917)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
141
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer5 ETF
Schedule of Investments
July 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
 
 
September 2026
 
 
$5.53
 
 
348
 
 
$192,444
 
 
$25,720,523
Total Options Purchased – Calls
(Cost $25,731,635)
 
 
 
 
 
 
 
 
192,444
 
 
25,720,523
OPTION PURCHASED – PUTS(b)(c) – 2.1%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.1%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
746.84
 
 
348
 
 
25,990,032
 
 
540,270
Total Options Purchased – Puts
(Cost $667,793)
 
 
 
 
 
 
 
 
25,990,032
 
 
540,270
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.6%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.6%
 
 
 
 
 
 
 
 
 
 
JP Morgan Chase & Co.,
New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$150,692
 
 
150,692
Total Short-Term Investments
(Cost $150,692)
 
 
 
 
 
 
 
 
 
 
150,692
Total Investments – 101.3%
(Cost $26,550,120)
 
 
 
 
 
 
 
 
 
 
26,411,485
Other assets less liabilities – (1.3)%
 
 
 
 
 
 
 
 
 
 
(350,791)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$26,060,694
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
$786.35
 
 
348
 
 
$248,809
 
 
$27,364,980
 
 
$(97,151)
 
 
 
 
 
 
 
 
$248,809
 
 
$27,364,980
 
 
$(97,151)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
$709.43
 
 
348
 
 
$344,934
 
 
$24,688,164
 
 
$(239,967)
 
 
 
 
 
 
 
 
$344,934
 
 
$24,688,164
 
 
$(239,967)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$593,743
 
 
$52,053,144
 
 
$(337,118)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
142
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer5 ETF
Notes to Schedule of Investments
July 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Equity Buffer5 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 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 U.S. Equity Buffer5 ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer5 ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$25,720,523
 
 
$—
 
 
$25,720,523
Option Purchased - Puts
 
 
—
 
 
540,270
 
 
—
 
 
540,270
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
150,692
 
 
—
 
 
—
 
 
150,692
Total Assets
 
 
$150,692
 
 
$26,260,793
 
 
$—
 
 
$26,411,485
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(97,151)
 
 
$—
 
 
$(97,151)
Put Options Written
 
 
—
 
 
(239,967)
 
 
—
 
 
(239,967)
Total Liabilities
 
 
$—
 
 
$(337,118)
 
 
$—
 
 
$(337,118)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
144
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 98.5%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 98.5%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
$5.60
 
 
731
 
 
$409,360
 
 
$54,022,800
Total Options Purchased – Calls
(Cost $54,064,976)
 
 
 
 
 
 
 
 
409,360
 
 
54,022,800
OPTION PURCHASED – PUTS(b)(c) – 2.1%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.1%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
746.70
 
 
731
 
 
54,583,770
 
 
1,131,201
Total Options Purchased – Puts
(Cost $1,395,907)
 
 
 
 
 
 
 
 
54,583,770
 
 
1,131,201
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.7%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.7%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$360,330
 
 
360,330
Total Short-Term Investments
(Cost $360,330)
 
 
 
 
 
 
 
 
 
 
360,330
Total Investments – 101.3%
(Cost $55,821,213)
 
 
 
 
 
 
 
 
 
 
55,514,331
Other assets less liabilities – (1.3)%
 
 
 
 
 
 
 
 
 
 
(722,855)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$54,791,476
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
$768.35
 
 
731
 
 
$1,009,644
 
 
$56,166,385
 
 
$(553,374)
 
 
 
 
 
 
 
 
$1,009,644
 
 
$56,166,385
 
 
$(553,374)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
$634.75
 
 
731
 
 
$243,004
 
 
$46,400,225
 
 
$(140,893)
 
 
 
 
 
 
 
 
$243,004
 
 
$46,400,225
 
 
$(140,893)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,252,648
 
 
$102,566,610
 
 
$(694,267)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
145
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer15 ETF
Notes to Schedule of Investments
July 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 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 U.S. Equity Buffer15 ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer15 ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$54,022,800
 
 
$—
 
 
$54,022,800
Option Purchased - Puts
 
 
—
 
 
1,131,201
 
 
—
 
 
1,131,201
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
360,330
 
 
—
 
 
—
 
 
360,330
Total Assets
 
 
$360,330
 
 
$55,154,001
 
 
$—
 
 
$55,514,331
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(553,374)
 
 
$—
 
 
$(553,374)
Put Options Written
 
 
—
 
 
(140,893)
 
 
—
 
 
(140,893)
Total Liabilities
 
 
$—
 
 
$(694,267)
 
 
$—
 
 
$(694,267)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
147
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer100 Protection ETF
Schedule of Investments
July 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
 
 
September 2026
 
 
$5.68
 
 
670
 
 
$380,560
 
 
$49,509,422
Total Options Purchased – Calls
(Cost $49,531,226)
 
 
 
 
 
 
 
 
380,560
 
 
49,509,422
OPTION PURCHASED – PUTS(b)(c) – 2.1%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 2.1%
 
 
 
 
 
 
 
 
 
 
SPDR S&P 500 ETF Trust
 
 
September 2026
 
 
746.77
 
 
670
 
 
50,033,590
 
 
1,038,487
Total Options Purchased – Puts
(Cost $1,301,956)
 
 
 
 
 
 
 
 
50,033,590
 
 
1,038,487
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.8%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.8%
 
 
 
 
 
 
 
 
 
 
JP Morgan Chase & Co.,
New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$391,524
 
 
391,524
Total Short-Term Investments
(Cost $391,524)
 
 
 
 
 
 
 
 
 
 
391,524
Total Investments – 101.9%
(Cost $51,224,706)
 
 
 
 
 
 
 
 
 
 
50,939,433
Other assets less liabilities – (1.9)%
 
 
 
 
 
 
 
 
 
 
(966,490)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$49,972,943
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 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
 
 
$746.77
 
 
506
 
 
$1,264,958
 
 
$37,786,562
 
 
$(940,750)
 
 
 
 
 
 
 
 
$1,264,958
 
 
$37,786,562
 
 
$(940,750)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$1,264,958
 
 
$37,786,562
 
 
$(940,750)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
148
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Equity Buffer100 Protection ETF
Notes to Schedule of Investments
July 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 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 U.S. Equity Buffer100 Protection ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM U.S. Equity Buffer100 Protection ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$49,509,422
 
 
$—
 
 
$49,509,422
Option Purchased - Puts
 
 
—
 
 
1,038,487
 
 
—
 
 
1,038,487
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
391,524
 
 
—
 
 
—
 
 
391,524
Total Assets
 
 
$391,524
 
 
$50,547,909
 
 
$—
 
 
$50,939,433
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(940,750)
 
 
$—
 
 
$(940,750)
Total Liabilities
 
 
$—
 
 
$(940,750)
 
 
$—
 
 
$(940,750)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
150
 
AIM ETF PRODUCTS TRUST
AllianzIM Growth-100 Buffer5 ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 96.6%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 96.6%
 
 
 
 
 
 
 
 
 
 
Invesco QQQ Trust, Series 1
 
 
September 2026
 
 
$5.45
 
 
129
 
 
$70,305
 
 
$8,789,333
Total Options Purchased – Calls
(Cost $9,343,192)
 
 
 
 
 
 
 
 
70,305
 
 
8,789,333
OPTION PURCHASED – PUTS(b)(c) – 7.4%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 7.4%
 
 
 
 
 
 
 
 
 
 
Invesco QQQ Trust, Series 1
 
 
September 2026
 
 
736.47
 
 
129
 
 
9,500,463
 
 
669,458
Total Options Purchased – Puts
(Cost $471,448)
 
 
 
 
 
 
 
 
9,500,463
 
 
669,458
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.3%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.3%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$24,109
 
 
24,109
Total Short-Term Investments
(Cost $24,109)
 
 
 
 
 
 
 
 
 
 
24,109
Total Investments – 104.3%
(Cost $9,838,749)
 
 
 
 
 
 
 
 
 
 
9,482,900
Other assets less liabilities – (4.3)%
 
 
 
 
 
 
 
 
 
 
(388,207)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$9,094,693
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
Invesco QQQ Trust, Series 1
 
 
September 2026
 
 
$806.06
 
 
129
 
 
$110,168
 
 
$10,398,174
 
 
$(7,936)
 
 
 
 
 
 
 
 
$110,168
 
 
$10,398,174
 
 
$(7,936)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
Invesco QQQ Trust, Series 1
 
 
September 2026
 
 
$699.58
 
 
129
 
 
$279,947
 
 
$9,024,582
 
 
$(374,617)
 
 
 
 
 
 
 
 
$279,947
 
 
$9,024,582
 
 
$(374,617)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$390,115
 
 
$19,422,756
 
 
$(382,553)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
151
 
AIM ETF PRODUCTS TRUST
AllianzIM Growth-100 Buffer5 ETF
Notes to Schedule of Investments
July 31, 2026 (unaudited)
Investment Valuation
The AllianzIM Growth-100 Buffer5 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 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.
 
152
 
AIM ETF PRODUCTS TRUST
AllianzIM Growth-100 Buffer5 ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM Growth-100 Buffer5 ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$8,789,333
 
 
$—
 
 
$8,789,333
Option Purchased - Puts
 
 
—
 
 
669,458
 
 
—
 
 
669,458
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
24,109
 
 
—
 
 
—
 
 
24,109
Total Assets
 
 
$24,109
 
 
$9,458,791
 
 
$—
 
 
$9,482,900
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(7,936)
 
 
$—
 
 
$(7,936)
Put Options Written
 
 
—
 
 
(374,617)
 
 
—
 
 
(374,617)
Total Liabilities
 
 
$—
 
 
$(382,553)
 
 
$—
 
 
$(382,553)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
153
 
AIM ETF PRODUCTS TRUST
AllianzIM Growth-100 Buffer15 ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 93.5%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 93.5%
 
 
 
 
 
 
 
 
 
 
Invesco QQQ Trust, Series 1
 
 
September 2026
 
 
$5.52
 
 
123
 
 
$67,896
 
 
$8,379,671
Total Options Purchased – Calls
(Cost $8,828,964)
 
 
 
 
 
 
 
 
67,896
 
 
8,379,671
OPTION PURCHASED – PUTS(b)(c) – 7.1%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 7.1%
 
 
 
 
 
 
 
 
 
 
Invesco QQQ Trust, Series 1
 
 
September 2026
 
 
736.33
 
 
123
 
 
9,056,859
 
 
637,032
Total Options Purchased – Puts
(Cost $466,692)
 
 
 
 
 
 
 
 
9,056,859
 
 
637,032
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.9%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.9%
 
 
 
 
 
 
 
 
 
 
Citibank, New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$85,132
 
 
85,132
Total Short-Term Investments
(Cost $85,132)
 
 
 
 
 
 
 
 
 
 
85,132
Total Investments – 101.5%
(Cost $9,380,788)
 
 
 
 
 
 
 
 
 
 
9,101,835
Other assets less liabilities – (1.5)%
 
 
 
 
 
 
 
 
 
 
(130,877)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$8,970,958
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
Invesco QQQ Trust, Series 1
 
 
September 2026
 
 
$768.43
 
 
123
 
 
$228,349
 
 
$9,451,689
 
 
$(28,721)
 
 
 
 
 
 
 
 
$228,349
 
 
$9,451,689
 
 
$(28,721)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
Invesco QQQ Trust, Series 1
 
 
September 2026
 
 
$625.94
 
 
123
 
 
$102,086
 
 
$7,699,062
 
 
$(97,819)
 
 
 
 
 
 
 
 
$102,086
 
 
$7,699,062
 
 
$(97,819)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$330,435
 
 
$17,150,751
 
 
$(126,540)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
154
 
AIM ETF PRODUCTS TRUST
AllianzIM Growth-100 Buffer15 ETF
Notes to Schedule of Investments
July 31, 2026 (unaudited)
Investment Valuation
The AllianzIM Growth-100 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 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.
 
155
 
AIM ETF PRODUCTS TRUST
AllianzIM Growth-100 Buffer15 ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM Growth-100 Buffer15 ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$8,379,671
 
 
$—
 
 
$8,379,671
Option Purchased - Puts
 
 
—
 
 
637,032
 
 
—
 
 
637,032
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
85,132
 
 
—
 
 
—
 
 
85,132
Total Assets
 
 
$85,132
 
 
$9,016,703
 
 
$—
 
 
$9,101,835
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(28,721)
 
 
$—
 
 
$(28,721)
Put Options Written
 
 
—
 
 
(97,819)
 
 
—
 
 
(97,819)
Total Liabilities
 
 
$—
 
 
$(126,540)
 
 
$—
 
 
$(126,540)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
156
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Small Cap Buffer5 ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 97.2%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 97.2%
 
 
 
 
 
 
 
 
 
 
iShares Russell 2000 ETF
 
 
September 2026
 
 
$2.22
 
 
252
 
 
$55,944
 
 
$7,258,200
Total Options Purchased – Calls
(Cost $7,468,994)
 
 
 
 
 
 
 
 
55,944
 
 
7,258,200
OPTION PURCHASED – PUTS(b)(c) – 4.4%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 4.4%
 
 
 
 
 
 
 
 
 
 
iShares Russell 2000 ETF
 
 
September 2026
 
 
300.48
 
 
252
 
 
7,572,096
 
 
331,922
Total Options Purchased – Puts
(Cost $297,411)
 
 
 
 
 
 
 
 
7,572,096
 
 
331,922
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.7%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.7%
 
 
 
 
 
 
 
 
 
 
Sumitomo Mitsui Trust Bank Ltd.,
London, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$53,876
 
 
53,876
Total Short-Term Investments
(Cost $53,876)
 
 
 
 
 
 
 
 
 
 
53,876
Total Investments – 102.3%
(Cost $7,820,281)
 
 
 
 
 
 
 
 
 
 
7,643,998
Other assets less liabilities – (2.3)%
 
 
 
 
 
 
 
 
 
 
(174,095)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$7,469,903
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
iShares Russell 2000 ETF
 
 
September 2026
 
 
$325.30
 
 
252
 
 
$80,309
 
 
$8,197,560
 
 
$(9,243)
 
 
 
 
 
 
 
 
$80,309
 
 
$8,197,560
 
 
$(9,243)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
iShares Russell 2000 ETF
 
 
September 2026
 
 
$285.43
 
 
252
 
 
$161,399
 
 
$7,192,836
 
 
$(160,242)
 
 
 
 
 
 
 
 
$161,399
 
 
$7,192,836
 
 
$(160,242)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$241,708
 
 
$15,390,396
 
 
$(169,485)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
157
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Small Cap Buffer5 ETF
Notes to Schedule of Investments
July 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Small Cap Buffer5 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 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.
 
158
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Small Cap Buffer5 ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM U.S. Small Cap Buffer5 ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$7,258,200
 
 
$—
 
 
$7,258,200
Option Purchased - Puts
 
 
—
 
 
331,922
 
 
—
 
 
331,922
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
53,876
 
 
—
 
 
—
 
 
53,876
Total Assets
 
 
$53,876
 
 
$7,590,122
 
 
$—
 
 
$7,643,998
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(9,243)
 
 
$—
 
 
$(9,243)
Put Options Written
 
 
—
 
 
(160,242)
 
 
—
 
 
(160,242)
Total Liabilities
 
 
$—
 
 
$(169,485)
 
 
$—
 
 
$(169,485)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
159
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Small Cap Buffer15 ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 96.0%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 96.0%
 
 
 
 
 
 
 
 
 
 
iShares Russell 2000 ETF
 
 
September 2026
 
 
$2.25
 
 
217
 
 
$48,825
 
 
$6,249,501
Total Options Purchased – Calls
(Cost $6,439,600)
 
 
 
 
 
 
 
 
48,825
 
 
6,249,501
OPTION PURCHASED – PUTS(b)(c) – 4.4%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 4.4%
 
 
 
 
 
 
 
 
 
 
iShares Russell 2000 ETF
 
 
September 2026
 
 
300.42
 
 
217
 
 
6,519,114
 
 
285,040
Total Options Purchased – Puts
(Cost $248,420)
 
 
 
 
 
 
 
 
6,519,114
 
 
285,040
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.7%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.7%
 
 
 
 
 
 
 
 
 
 
Skandinaviska Enskilda Banken AB,
Stockholm, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$44,629
 
 
44,629
Total Short-Term Investments
(Cost $44,629)
 
 
 
 
 
 
 
 
 
 
44,629
Total Investments – 101.1%
(Cost $6,732,649)
 
 
 
 
 
 
 
 
 
 
6,579,170
Other assets less liabilities – (1.1)%
 
 
 
 
 
 
 
 
 
 
(73,016)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$6,506,154
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
iShares Russell 2000 ETF
 
 
September 2026
 
 
$311.42
 
 
217
 
 
$175,129
 
 
$6,757,814
 
 
$(37,830)
 
 
 
 
 
 
 
 
$175,129
 
 
$6,757,814
 
 
$(37,830)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
iShares Russell 2000 ETF
 
 
September 2026
 
 
$255.38
 
 
217
 
 
$40,281
 
 
$5,541,746
 
 
$(31,174)
 
 
 
 
 
 
 
 
$40,281
 
 
$5,541,746
 
 
$(31,174)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$215,410
 
 
$12,299,560
 
 
$(69,004)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
160
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Small Cap Buffer15 ETF
Notes to Schedule of Investments
July 31, 2026 (unaudited)
Investment Valuation
The AllianzIM U.S. Small Cap 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 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.
 
161
 
AIM ETF PRODUCTS TRUST
AllianzIM U.S. Small Cap Buffer15 ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM U.S. Small Cap Buffer15 ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$6,249,501
 
 
$—
 
 
$6,249,501
Option Purchased - Puts
 
 
—
 
 
285,040
 
 
—
 
 
285,040
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
44,629
 
 
—
 
 
—
 
 
44,629
Total Assets
 
 
$44,629
 
 
$6,534,541
 
 
$—
 
 
$6,579,170
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(37,830)
 
 
$—
 
 
$(37,830)
Put Options Written
 
 
—
 
 
(31,174)
 
 
—
 
 
(31,174)
Total Liabilities
 
 
$—
 
 
$(69,004)
 
 
$—
 
 
$(69,004)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
162
 
AIM ETF PRODUCTS TRUST
AllianzIM International Equity Buffer5 ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 99.7%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 99.7%
 
 
 
 
 
 
 
 
 
 
iShares MSCI EAFE ETF
 
 
September 2026
 
 
$0.77
 
 
770
 
 
$59,290
 
 
$8,067,567
Total Options Purchased – Calls
(Cost $7,928,525)
 
 
 
 
 
 
 
 
59,290
 
 
8,067,567
OPTION PURCHASED – PUTS(b)(c) – 1.7%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 1.7%
 
 
 
 
 
 
 
 
 
 
iShares MSCI EAFE ETF
 
 
September 2026
 
 
103.89
 
 
770
 
 
7,999,530
 
 
138,400
Total Options Purchased – Puts
(Cost $228,411)
 
 
 
 
 
 
 
 
7,999,530
 
 
138,400
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.6%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.6%
 
 
 
 
 
 
 
 
 
 
Citibank, New York, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$48,634
 
 
48,634
Total Short-Term Investments
(Cost $48,634)
 
 
 
 
 
 
 
 
 
 
48,634
Total Investments – 102.0%
(Cost $8,205,570)
 
 
 
 
 
 
 
 
 
 
8,254,601
Other assets less liabilities – (2.0)%
 
 
 
 
 
 
 
 
 
 
(162,993)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$8,091,608
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
iShares MSCI EAFE ETF
 
 
September 2026
 
 
$109.46
 
 
770
 
 
$102,275
 
 
$8,428,420
 
 
$(92,046)
 
 
 
 
 
 
 
 
$102,275
 
 
$8,428,420
 
 
$(92,046)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums
Received
 
 
Notional
Amount
 
 
Value
iShares MSCI EAFE ETF
 
 
September 2026
 
 
$98.69
 
 
770
 
 
$113,864
 
 
$7,599,130
 
 
$(66,366)
 
 
 
 
 
 
 
 
$113,864
 
 
$7,599,130
 
 
$(66,366)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$216,139
 
 
$16,027,550
 
 
$(158,412)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
163
 
AIM ETF PRODUCTS TRUST
AllianzIM International Equity Buffer5 ETF
Notes to Schedule of Investments
July 31, 2026 (unaudited)
Investment Valuation
The AllianzIM International Equity Buffer5 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 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.
 
164
 
AIM ETF PRODUCTS TRUST
AllianzIM International Equity Buffer5 ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM International Equity Buffer5 ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$8,067,567
 
 
$—
 
 
$8,067,567
Option Purchased - Puts
 
 
—
 
 
138,400
 
 
—
 
 
138,400
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
48,634
 
 
—
 
 
—
 
 
48,634
Total Assets
 
 
$48,634
 
 
$8,205,967
 
 
$—
 
 
$8,254,601
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(92,046)
 
 
$—
 
 
$(92,046)
Put Options Written
 
 
—
 
 
(66,366)
 
 
—
 
 
(66,366)
Total Liabilities
 
 
$—
 
 
$(158,412)
 
 
$—
 
 
$(158,412)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
165
 
AIM ETF PRODUCTS TRUST
AllianzIM International Equity Buffer15 ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Expiration Date
 
 
Exercise Price
 
 
Contracts(a)
 
 
Notional Amount
 
 
Value
OPTION PURCHASED – CALLS(b)(c) – 100.1%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 100.1%
 
 
 
 
 
 
 
 
 
 
iShares MSCI EAFE ETF
 
 
September 2026
 
 
$0.78
 
 
565
 
 
$44,070
 
 
$5,919,144
Total Options Purchased – Calls
(Cost $5,825,348)
 
 
 
 
 
 
 
 
44,070
 
 
5,919,144
OPTION PURCHASED – PUTS(b)(c) – 1.7%
 
 
 
 
 
 
 
 
 
 
Options on ETF – 1.7%
 
 
 
 
 
 
 
 
 
 
iShares MSCI EAFE ETF
 
 
September 2026
 
 
103.87
 
 
565
 
 
5,868,655
 
 
101,242
Total Options Purchased – Puts
(Cost $165,743)
 
 
 
 
 
 
 
 
5,868,655
 
 
101,242
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.7%
 
 
 
 
 
 
 
 
 
 
Time Deposits – 0.7%
 
 
 
 
 
 
 
 
 
 
Skandinaviska Enskilda Banken AB,
Stockholm, 2.980%, 8/03/26(d)
 
 
 
 
 
 
 
 
$38,729
 
 
38,729
Total Short-Term Investments
(Cost $38,729)
 
 
 
 
 
 
 
 
 
 
38,729
Total Investments – 102.5%
(Cost $6,029,820)
 
 
 
 
 
 
 
 
 
 
6,059,115
Other assets less liabilities – (2.5)%
 
 
 
 
 
 
 
 
 
 
(149,154)
Net Assets – 100.0%
 
 
 
 
 
 
 
 
 
 
$5,909,961
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SCHEDULE OF WRITTEN OPTIONS AS OF JULY 31, 2026
CALL OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
iShares MSCI EAFE ETF
 
 
September 2026
 
 
$106.87
 
 
565
 
 
$137,097
 
 
$6,038,155
 
 
$(130,114)
 
 
 
 
 
 
 
 
$137,097
 
 
$6,038,155
 
 
$(130,114)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUT OPTIONS WRITTEN(b)
Description
 
 
Expiration
Date
 
 
Exercise
Price
 
 
Contracts(a)
 
 
Premiums Received
 
 
Notional
Amount
 
 
Value
iShares MSCI EAFE ETF
 
 
September 2026
 
 
$88.30
 
 
565
 
 
$23,532
 
 
$4,988,950
 
 
$(15,351)
 
 
 
 
 
 
 
 
$23,532
 
 
$4,988,950
 
 
$(15,351)
TOTAL OPTIONS WRITTEN
 
 
 
 
 
 
 
 
$160,629
 
 
$11,027,105
 
 
$(145,465)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 July 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
166
 
AIM ETF PRODUCTS TRUST
AllianzIM International Equity Buffer15 ETF
Notes to Schedule of Investments
July 31, 2026 (unaudited)
Investment Valuation
The AllianzIM International 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 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.
 
167
 
AIM ETF PRODUCTS TRUST
AllianzIM International Equity Buffer15 ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM International Equity Buffer15 ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Option Purchased - Calls
 
 
$—
 
 
$5,919,144
 
 
$—
 
 
$5,919,144
Option Purchased - Puts
 
 
—
 
 
101,242
 
 
—
 
 
101,242
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
38,729
 
 
—
 
 
—
 
 
38,729
Total Assets
 
 
$38,729
 
 
$6,020,386
 
 
$—
 
 
$6,059,115
Liabilities
 
 
 
 
 
 
 
 
Call Options Written
 
 
$—
 
 
$(130,114)
 
 
$—
 
 
$(130,114)
Put Options Written
 
 
—
 
 
(15,351)
 
 
—
 
 
(15,351)
Total Liabilities
 
 
$—
 
 
$(145,465)
 
 
$—
 
 
$(145,465)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
168
 
AIM ETF PRODUCTS TRUST
AllianzIM Buffer20 Allocation ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Shares
 
 
Value
AFFILIATED EXCHANGE-TRADED FUNDS – 100.0%(a)(b)
 
 
 
 
AllianzIM U.S. Equity Buffer20 Dec ETF
 
 
196,626
 
 
$7,047,075
AllianzIM U.S. Equity Buffer20 Aug ETF
 
 
204,589
 
 
7,015,357
AllianzIM U.S. Equity Buffer20 Mar ETF
 
 
192,729
 
 
7,002,230
AllianzIM U.S. Equity Buffer20 Sep ETF
 
 
207,892
 
 
6,998,539
AllianzIM U.S. Equity Buffer20 Nov ETF
 
 
195,164
 
 
6,998,015
AllianzIM U.S. Equity Buffer20 Oct ETF
 
 
169,576
 
 
6,993,314
AllianzIM U.S. Equity Buffer20 Jan ETF
 
 
179,235
 
 
6,981,849
AllianzIM U.S. Equity Buffer20 Feb ETF
 
 
195,261
 
 
6,980,581
AllianzIM U.S. Equity Buffer20 Jul ETF
 
 
170,363
 
 
6,971,254
AllianzIM U.S. Equity Buffer20 Apr ETF
 
 
186,006
 
 
6,947,101
AllianzIM U.S. Equity Buffer20 May ETF
 
 
196,637
 
 
6,874,430
AllianzIM U.S. Equity Buffer20 Jun ETF
 
 
199,177
 
 
6,863,639
Total Affiliated Exchange-Traded Funds
(Cost $76,733,985)
 
 
 
 
83,673,384
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal
 
 
 
SHORT-TERM INVESTMENTS – 0.0%*
 
 
 
 
Time Deposits – 0.0%*
 
 
 
 
Skandinaviska Enskilda Banken AB,
Stockholm, 2.980%, 8/03/26(c)
 
 
$3,038
 
 
3,038
Total Short-Term Investments
(Cost $3,038)
 
 
 
 
3,038
Total Investments – 100.0%
(Cost $76,737,023)
 
 
 
 
83,676,422
Other assets less liabilities – 0.0%*
 
 
 
 
(3,486)
Net Assets – 100.0%
 
 
 
 
$83,672,936
 
 
 
 
 
 
 
*
 
 
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 July 31, 2026.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
169
 
AIM ETF PRODUCTS TRUST
AllianzIM Buffer20 Allocation ETF
Notes to Schedule of Investments
July 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 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.
 
170
 
AIM ETF PRODUCTS TRUST
AllianzIM Buffer20 Allocation ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM Buffer20 Allocation ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Affiliated Exchange-Traded Funds
 
 
$83,673,384
 
 
$—
 
 
$—
 
 
$83,673,384
Short-Term Investments
 
 
 
 
 
 
 
 
Time Deposits
 
 
3,038
 
 
—
 
 
—
 
 
3,038
Total Assets
 
 
$83,676,422
 
 
$—
 
 
$—
 
 
$83,676,422
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments in issuers considered to be affiliates of the Fund during the period ended July 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 July 31, 2026
 
 
Dividend Income
 
 
Shares as of July 31, 2026
AllianzIM U.S. Equity Buffer20 Dec ETF
 
 
$3,471,514
 
 
$3,297,068
 
 
$(118,176)
 
 
$16,650
 
 
$380,019
 
 
$7,047,075
 
 
$  —
 
 
196,626
AllianzIM U.S. Equity Buffer20 Aug ETF
 
 
3,470,297
 
 
3,297,394
 
 
(117,686)
 
 
16,070
 
 
349,282
 
 
7,015,357
 
 
—
 
 
204,589
AllianzIM U.S. Equity Buffer20 Mar ETF
 
 
3,433,476
 
 
3,296,982
 
 
(117,685)
 
 
15,022
 
 
374,435
 
 
7,002,230
 
 
—
 
 
192,729
AllianzIM U.S. Equity Buffer20 Sep ETF
 
 
3,451,886
 
 
3,297,367
 
 
(117,208)
 
 
15,202
 
 
351,292
 
 
6,998,539
 
 
—
 
 
207,892
AllianzIM U.S. Equity Buffer20 Nov ETF
 
 
3,431,913
 
 
3,297,261
 
 
(116,801)
 
 
14,160
 
 
371,482
 
 
6,998,015
 
 
—
 
 
195,164
AllianzIM U.S. Equity Buffer20 Oct ETF
 
 
3,438,147
 
 
3,295,829
 
 
(116,866)
 
 
14,482
 
 
361,722
 
 
6,993,314
 
 
—
 
 
169,576
AllianzIM U.S. Equity Buffer20 Jan ETF
 
 
3,428,961
 
 
3,297,230
 
 
(117,041)
 
 
14,801
 
 
357,898
 
 
6,981,849
 
 
—
 
 
179,235
AllianzIM U.S. Equity Buffer20 Feb ETF
 
 
3,427,503
 
 
3,297,145
 
 
(117,156)
 
 
15,128
 
 
357,961
 
 
6,980,581
 
 
—
 
 
195,261
AllianzIM U.S. Equity Buffer20 Jul ETF
 
 
3,477,693
 
 
3,296,677
 
 
(117,777)
 
 
16,853
 
 
297,808
 
 
6,971,254
 
 
—
 
 
170,363
AllianzIM U.S. Equity Buffer20 Apr ETF
 
 
3,334,019
 
 
3,297,907
 
 
(116,971)
 
 
14,685
 
 
417,461
 
 
6,947,101
 
 
—
 
 
186,006
AllianzIM U.S. Equity Buffer20 May ETF
 
 
3,412,440
 
 
3,296,973
 
 
(115,707)
 
 
12,889
 
 
267,835
 
 
6,874,430
 
 
—
 
 
196,637
AllianzIM U.S. Equity Buffer20 Jun ETF
 
 
3,461,217
 
 
3,296,298
 
 
(117,263)
 
 
15,740
 
 
207,647
 
 
6,863,639
 
 
—
 
 
199,177
 
 
$41,239,066
 
 
$39,564,131
 
 
$(1,406,337)
 
 
$181,682
 
 
$4,094,842
 
 
$83,673,384
 
 
$—
 
 
2,293,255
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
171
 
AIM ETF PRODUCTS TRUST
AllianzIM Buffer15 Uncapped Allocation ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Shares
 
 
Value
AFFILIATED EXCHANGE-TRADED FUNDS – 100.0%(a)(b)
 
 
 
 
AllianzIM U.S. Equity Buffer15 Uncapped Jun ETF
 
 
454,205
 
 
$15,010,931
AllianzIM U.S. Equity Buffer15 Uncapped May ETF
 
 
438,904
 
 
14,948,061
AllianzIM U.S. Equity Buffer15 Uncapped Jul ETF
 
 
465,469
 
 
14,875,505
AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF
 
 
469,525
 
 
14,871,031
AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF
 
 
477,663
 
 
14,807,314
AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF
 
 
491,794
 
 
14,768,721
AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF
 
 
498,309
 
 
14,759,364
AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF
 
 
479,572
 
 
14,737,583
AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF
 
 
486,106
 
 
14,736,352
AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF
 
 
497,745
 
 
14,726,582
AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF
 
 
504,353
 
 
14,697,048
AllianzIM U.S. Equity Buffer15 Uncapped Apr ETF
 
 
458,606
 
 
14,606,464
Total Affiliated Exchange-Traded Funds
(Cost $163,148,130)
 
 
 
 
177,544,956
Total Investments – 100.0%
(Cost $163,148,130)
 
 
 
 
177,544,956
Other assets less liabilities – 0.0%*
 
 
 
 
(8,517)
Net Assets – 100.0%
 
 
 
 
$177,536,439
 
 
 
 
 
 
 
*
 
 
Rounds to less than 0.05%.
(a)
 
 
Affiliated investment.
(b)
 
 
Non-income producing.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
172
 
AIM ETF PRODUCTS TRUST
AllianzIM Buffer15 Uncapped Allocation ETF
Notes to Schedule of Investments
July 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 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.
 
173
 
AIM ETF PRODUCTS TRUST
AllianzIM Buffer15 Uncapped Allocation ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM Buffer15 Uncapped Allocation ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Affiliated Exchange-Traded Funds
 
 
$177,544,956
 
 
$—
 
 
$—
 
 
$177,544,956
Total Assets
 
 
$177,544,956
 
 
$—
 
 
$—
 
 
$177,544,956
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments in issuers considered to be affiliates of the Fund during the period ended July 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 July 31, 2026
 
 
Dividend Income
 
 
Shares as of July 31, 2026
AllianzIM U.S. Equity Buffer15 Uncapped Jun
ETF
 
 
$7,246,712
 
 
$7,590,392
 
 
$(844,980)
 
 
$133,162
 
 
$885,645
 
 
$15,010,931
 
 
$  —
 
 
454,205
AllianzIM U.S. Equity Buffer15 Uncapped May ETF
 
 
7,255,919
 
 
7,592,225
 
 
(844,943)
 
 
133,575
 
 
811,285
 
 
14,948,061
 
 
—
 
 
438,904
AllianzIM U.S. Equity Buffer15 Uncapped Jul
ETF
 
 
7,240,278
 
 
7,590,333
 
 
(842,036)
 
 
129,266
 
 
757,664
 
 
14,875,505
 
 
—
 
 
465,469
AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF
 
 
7,245,311
 
 
7,589,471
 
 
(842,102)
 
 
128,852
 
 
749,499
 
 
14,871,031
 
 
—
 
 
469,525
AllianzIM U.S. Equity Buffer15 Uncapped Sep
ETF
 
 
7,232,466
 
 
7,589,807
 
 
(840,712)
 
 
124,765
 
 
700,988
 
 
14,807,314
 
 
—
 
 
477,663
AllianzIM U.S. Equity Buffer15 Uncapped Jan
ETF
 
 
7,232,021
 
 
7,591,142
 
 
(840,497)
 
 
123,039
 
 
663,016
 
 
14,768,721
 
 
—
 
 
491,794
AllianzIM U.S. Equity Buffer15 Uncapped Feb
ETF
 
 
7,225,364
 
 
7,589,123
 
 
(840,042)
 
 
121,585
 
 
663,334
 
 
14,759,364
 
 
—
 
 
498,309
AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF
 
 
7,263,169
 
 
7,589,770
 
 
(842,874)
 
 
128,569
 
 
598,949
 
 
14,737,583
 
 
—
 
 
479,572
AllianzIM U.S. Equity Buffer15 Uncapped Oct
ETF
 
 
7,228,994
 
 
7,589,869
 
 
(839,575)
 
 
121,556
 
 
635,508
 
 
14,736,352
 
 
—
 
 
486,106
AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF
 
 
7,231,689
 
 
7,591,087
 
 
(838,336)
 
 
120,566
 
 
621,576
 
 
14,726,582
 
 
—
 
 
497,745
AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF
 
 
7,192,044
 
 
7,589,323
 
 
(835,808)
 
 
111,538
 
 
639,951
 
 
14,697,048
 
 
—
 
 
504,353
AllianzIM U.S. Equity Buffer15 Uncapped Apr
ETF
 
 
7,262,795
 
 
7,591,310
 
 
(836,096)
 
 
124,317
 
 
464,138
 
 
14,606,464
 
 
—
 
 
458,606
 
 
$86,856,762
 
 
$91,083,852
 
 
$(10,088,001)
 
 
$1,500,790
 
 
$8,191,553
 
 
$177,544,956
 
 
$—
 
 
5,722,251
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
174
 
AIM ETF PRODUCTS TRUST
AllianzIM 6 Month Buffer10 Allocation ETF
Schedule of Investments
July 31, 2026 (unaudited)
 
 
 
Shares
 
 
Value
AFFILIATED EXCHANGE-TRADED FUNDS – 100.0%(a)(b)
 
 
 
 
AllianzIM U.S. Equity 6 Month Buffer10 Feb/Aug ETF
 
 
350,569
 
 
$12,116,191
AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF
 
 
354,634
 
 
12,076,955
AllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF
 
 
326,667
 
 
11,969,079
AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF
 
 
381,022
 
 
11,786,458
AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF
 
 
369,764
 
 
11,717,821
AllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF
 
 
317,782
 
 
11,484,355
Total Affiliated Exchange-Traded Funds
(Cost $64,934,411)
 
 
 
 
71,150,859
Total Investments – 100.0%
(Cost $64,934,411)
 
 
 
 
71,150,859
Other assets less liabilities – 0.0%*
 
 
 
 
(6,978)
Net Assets – 100.0%
 
 
 
 
$71,143,881
 
 
 
 
 
 
 
*
 
 
Rounds to less than 0.05%.
(a)
 
 
Affiliated investment.
(b)
 
 
Non-income producing.
 
 
 
 
The accompanying notes are an integral part of the financial statements.
 
175
 
AIM ETF PRODUCTS TRUST
AllianzIM 6 Month Buffer10 Allocation ETF
Notes to Schedule of Investments
July 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 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.
 
176
 
AIM ETF PRODUCTS TRUST
AllianzIM 6 Month Buffer10 Allocation ETF
Notes to Schedule of Investments
July 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 July 31, 2026:
AllianzIM 6 Month Buffer10 Allocation ETF
 
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
Assets
 
 
 
 
 
 
 
 
Affiliated Exchange-Traded Funds
 
 
$71,150,859
 
 
$—
 
 
$—
 
 
$71,150,859
Total Assets
 
 
$71,150,859
 
 
$—
 
 
$—
 
 
$71,150,859
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments in issuers considered to be affiliates of the Fund during the period ended July 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 July 31, 2026
 
 
Dividend Income
 
 
Shares as of July 31, 2026
AllianzIM U.S. Equity
6 Month Buffer10 Feb/Aug ETF
 
 
$6,421,815
 
 
$5,433,800
 
 
$(586,026)
 
 
$71,704
 
 
$774,898
 
 
$12,116,191
 
 
$  —
 
 
350,569
AllianzIM U.S. Equity
6 Month Buffer10 Mar/Sep ETF
 
 
6,455,916
 
 
5,432,592
 
 
(590,051)
 
 
76,353
 
 
702,145
 
 
12,076,955
 
 
—
 
 
354,634
AllianzIM U.S. Equity
6 Month Buffer10 Jan/Jul ETF
 
 
6,396,584
 
 
5,430,971
 
 
(583,421)
 
 
67,332
 
 
657,613
 
 
11,969,079
 
 
—
 
 
326,667
AllianzIM U.S. Equity
6 Month Buffer10 Jun/Dec ETF
 
 
6,256,920
 
 
5,433,336
 
 
(570,500)
 
 
48,817
 
 
617,885
 
 
11,786,458
 
 
—
 
 
381,022
AllianzIM U.S. Equity
6 Month Buffer10 May/Nov ETF
 
 
6,185,821
 
 
5,432,455
 
 
(564,050)
 
 
40,644
 
 
622,951
 
 
11,717,821
 
 
—
 
 
369,764
AllianzIM U.S. Equity
6 Month Buffer10 Apr/Oct ETF
 
 
6,178,495
 
 
5,427,252
 
 
(561,521)
 
 
38,757
 
 
401,372
 
 
11,484,355
 
 
—
 
 
317,782
 
 
$37,895,551
 
 
$32,590,406
 
 
$(3,455,569)
 
 
$343,607
 
 
$3,776,864
 
 
$71,150,859
 
 
$—
 
 
2,100,438
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
177