BALTInnovator Defined Wealth Shield ETF
BALT Fund Description
BALT aims for specific buffered losses and capped gains on the SPDR S&P 500 ETF over a three-month outcome period. The actively managed fund holds flex options.
BALT Factset Analytics Insight
BALT uses flex options in an effort to moderate losses on the SPDR S&P 500 ETF Trust (SPY) over a three-month outcome period. The fund foregoes some upside return as well as the S&P 500’s dividend component, because the options are written on the price (not total) return version of the index. In exchange for preventing realization of the first 20% of the S&P 500’s losses, investors forego upside participation above a certain threshold, which is reset quarterly. Investors who buy at any other time than the quarterly reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held to the end of the outcome period to achieve the intended results. The targeted buffers and caps do not include the fund’s expense ratio. The fund is actively managed.
BALT Summary Data
BALT Portfolio Data
BALT Index Data
BALT Portfolio Management
BALT Tax Exposures
BALT Fund Structure
BALT Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BALT. BALT is rated a N/A out of 5.
BALT Top 10 Holdings
BALT Economic Development
BALT Performance Statistics
BALT Benchmark Comparison Summary
BALT Benchmark Comparison Market Cap Size
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.