The fund seeks to outperform the S&P 500 total return index in absolute return, curtail the tail risk of the S&P 500 index, and provide monthly income. The fund is an option overlay index ETF comprising the index constituent equity portfolio and an options/option spreads-based tail risk hedge portfolio. The fund maintains a low expense ratio and charges a variable performance fee only when the fund return exceeds the S&P 500 index total return.
* The fund charges a variable performance fee with a high watermark provision. The performance fee comprises 30% of the fund's excess return, if any, above the S&P 500 index equity portfolio.
NAV $0.00
as of xx/xx/2024
YTD Return 0.01%
as of xx/xx/2024
YTD Return of SPLG 0.01%
as of xx/xx/2024
30-Day SEC Yield 0.01%
as of xx/xx/2024
Expense Ratio 0.00%*
Fund Facts
Summary Prospectus
Stable S&P 500 Plus ETF
SSPX
Overview | Performance & Distribution | Fees | Holdings | Fund Documents
Overview
The Stable S&P 500 Plus ETF seeks to:
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​Outperform the S&P 500 total return index in absolute return.
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Curtail the tail risk of the S&P 500 index-constituent portfolio.
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The fund comprises a S&P 500 constituent equity portfolio as the primary and a tail risk hedge portfolio as the secondary one. The tail risk hedge portfolio consists of FLEX option-spreads net-credit collar variants.
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The potential benefits the Fund offers include:
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To provide the opportunity to participate in the US large-cap equity market returns.
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To offer the opportunity to obtain an extra return above the benchmark index return.
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To curtail the fund's tail risk.
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To charge no fee when the fund underperforms the S&P 500 total return index, which helps the fund investors preserve their capital.
Key Fund Facts
Performance & Distribution
Performance
Key Facts of Distributions
Distributions per Share
Distributions History
Fees
Annual Fund Operating Expenses
Variable Performance Fee
30% of the return generated by the tail risk hedge portfolio or, equivalently, the excess return the entire Fund portfolio makes above the return from the S&P 500 Index constituent portfolio. The performance fee includes a high watermark provision, requiring that the cumulative capital loss, if any, the tail risk portfolio incurred in the past be fully recovered before the Fund charges the performance fee.