Managing downside risk in portfolios has been a big theme this year as we navigate uncertainty in the face of a presidential election, the expectation of rate cuts as Federal Reserve monetary policy shifts, and geopolitical tensions across the globe. Buffer ETFs, as a category, have risen to that challenge.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 8,814 | $366,490.87 | $470,976.09 | $104,485.22 | 28.51% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 256,223 | $13.59M | $13.91M | $325,026.66 | 2.39% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 4,378 | $191,959.86 | $237,506.5 | $45,546.64 | 23.73% |
| LJB Laura J. Bornheimer GWN SECURITIES Inc. | 5,962 | $294,588.91 | $318,579.47 | $23,990.56 | 8.14% |
Jeff Ameen Spire Wealth Management | 18,240 | $840,657.24 | $974,745.6 | $134,088.36 | 15.95% |
| BATS Exchange | US Country |
The fund described is an investment vehicle that primarily focuses on harnessing the potential of FLexible EXchange® Options (FLEX Options) tied to one of the most widely recognized indices in the United States, the S&P 500® Index. By committing at least 80% of its net assets into FLEX Options that are based on the SPDR® S&P 500® ETF Trust, the fund seeks to align closely with the performance and yield characteristics of the S&P 500® Index. Given its concentrated investment strategy, the fund is classified as non-diversified, meaning it may invest a larger proportion of its assets in a smaller number of issuers than a diversified fund.
The core offering of the fund is its investment in FLexible EXchange® Options, specifically those that reference the SPDR® S&P 500® ETF Trust. FLEX Options are customizable exchange-traded options products that provide investors with the ability to specify key contract terms like exercise prices, styles, and expiration dates. These investments aim to leverage the performance of the S&P 500® Index through the underlying ETF, offering a strategic approach to achieve price and yield performance corresponding to the index.