DBJAInnovator Double Stacker 9 Buffer ETF - January
DBJA Fund Description
DBJA aims for cumulative capped gains on SPY & QQQ shares while providing a buffer on SPY’s loss over a specific holding period. The actively-managed fund holds options and collateral.
DBJA Factset Analytics Insight
DBJA uses FLEX options in an effort to moderate losses on the SPY shares over a one-year period starting each January. Unlike other ETFs with a defined outcome strategy, DBJA seeks to provide upside exposure equal to the sum of the two ETF’s return (SPY and QQQ), each subject to a return cap. As such, investors forego the upside participation above a certain threshold, which is reset annually. In a down market, the fund only offers downside exposure and a buffer protection for the first 9% losses on the SPY. Investors who buy at any other time than the annual reset day may have a very different protection and investment returns. The issuer publishes effective interim levels daily on its website. The fund must be held the entire 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 FLEX options exclusively. Prior to buying or selling, investors should read the Characteristics and Risks of Standardized Options.
DBJA Summary Data
DBJA Portfolio Data
DBJA Index Data
DBJA Portfolio Management
DBJA Tax Exposures
DBJA Fund Structure
DBJA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DBJA. DBJA is rated a N/A out of 5.
DBJA Top 10 Holdings
DBJA Economic Development
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DBJA Benchmark Comparison Summary
DBJA Benchmark Comparison Market Cap Size