DAPRFT Cboe Vest U.S. Equity Deep Buffer ETF - April
DAPR Fund Description
DAPR aims for specific buffered losses and capped gains on SPY shares over a specific holding period. The actively-managed fund holds options and collateral.
DAPR Factset Analytics Insight
DAPR uses options in an effort to moderate losses on an ETF — SPY, over a one-year period starting each April. Using SPY is a slightly different approach than using S&P 500 index flex options, what is gained in favorable tax treatment may be lost in higher expense. The fund offers a buffer for the first 5-30% losses on the SPY. The fund will cover 5% of the losses between the buffer zone and additional 25% coverage on SPY’s realized losses if it falls below the buffer zone. Investors forego the 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.
DAPR Summary Data
DAPR Portfolio Data
DAPR Index Data
DAPR Portfolio Management
DAPR Tax Exposures
DAPR Fund Structure
DAPR Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DAPR. DAPR is rated a N/A out of 5.
DAPR Top 10 Holdings
DAPR Economic Development
DAPR Performance Statistics
DAPR Benchmark Comparison Summary
DAPR 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.