GNOV uses options in an effort to moderate losses on shares of SPDR S&P 500 ETF Trust (ticker: SPY) over a one-year period, starting in November. The fund foregoes some upside return, as well as the dividend component of SPY because the options are written on the price (not total) return version of the shares, in exchange for preventing realization of the first 15% of the losses in SPY value. Should the shares of SPY decline greater than 15%, investors participate in the downside performance on a $1 for $1 basis. Shares must be held over a specific period to achieve the intended results. At the end of the target outcome period, the fund will reset for a new outcome period tied to the same index and buffer, but the cap may change based on market rates. The targeted cap and buffer do not include the funds expense ratio and should be considered. The fund is actively managed and uses FLEX options on SPY shares exclusively.
公司网站 :
https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=GNOV
总经理:-
建立时间:2023
公司总部:FT Vest U.S. Equity Moderate Buffer ETF - November
领域:Miscellaneous
行业:Investment trusts/Mutual funds