QBIV was created on 2026-04-01 by Allianz. The fund's investment portfolio concentrates primarily on downside hedge alternatives. QBIV aims to track the share price returns of the iShares MSCI EAFE ETF (EFA), up to a cap, while providing a buffer against the first 5% of losses, over athree monthoutcome period, less expenses. EFAis amarket-cap-weighted index of developed-market securities based in Europe,Australiaandthe Far East, excluding the US and Canada.