BJULInnovator U.S. Equity Buffer ETF - July
BJUL Fund Description
BJUL aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral.
BJUL Factset Analytics Insight
BJUL uses options in an effort to moderate losses on the S&P 500 over a one-year period starting each July. 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 9% of the S&P 500’s losses, investors forego upside participation above a certain threshold, which is reset annually. Investors who buy at any other time than the annual 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 period to achieve the intended results. The targeted buffers and caps do not include the fund’s expense ratio. The fund is actively managed, resets annually and uses listed options exclusively.
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BJUL Portfolio Management
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BJUL Fund Structure
BJUL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BJUL. BJUL is rated a N/A out of 5.
BJUL Top 10 Holdings
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BJUL Benchmark Comparison Summary
BJUL Benchmark Comparison Market Cap Size