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. | 8,750 | $363,097.5 | $467,993.75 | $104,896.25 | 28.89% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 4,558 | $199,741.26 | $243,328.83 | $43,587.57 | 21.82% |
| LJB Laura J. Bornheimer GWN SECURITIES Inc. | 17,508 | $861,025.97 | $934,664.58 | $73,638.61 | 8.55% |
Jeff Ameen Spire Wealth Management | 18,238 | $840,551.48 | $973,938.38 | $133,386.9 | 15.87% |
| JE Jean Elzayek Householder Group Estate & Retirement Specialist LLC | 458 | $17,619.26 | $24,477.81 | $6,858.55 | 38.93% |
| 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.