What is DDEC?

DDEC aims for specific buffered losses and capped gains on SPY ETF over a specific holdings period. The actively-managed fund holds options and collateral.

PERFORMANCE [as of 03/29/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DDEC -- -- -- -- -- -- --
DDEC (NAV) 1.19% 3.43% 3.76% -2.41% -- -- --
No Underlying Index -- -- -- -- -- -- --
MSCI USA Large Cap Index 2.36% 6.10% 6.33% -12.04% 18.15% 11.05% 12.22%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DDEC Factset Analytics Insight

DDEC uses options in an effort to moderate losses on SPY ETF over a one-year period starting each December. The fund foregoes some upside return of SPY’s dividend as options are written on the price (not total) return version of the index. The fund provides a 5% coverage on SPY’s losses between 5%-30%, and a 25% coverage if the losses went beyond the buffer zone. In exchange for preventing realization of SPY’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 and uses flex options exclusively.

DDEC Summary Data

First Trust
12/18/20
0.85%
$310.20M
No Underlying Index
MSCI USA Large Cap Index
Open-Ended Fund

Peers

MSCI USA Large Cap Index

Fund Flows

-$0.01B 5 Days
-$0.02B 30 Days
+$0.02B 90 Days

DDEC Portfolio Data

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N/A
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DDEC Index Data

No Underlying Index
Fixed
Fixed
MSCI USA Large Cap Index

DDEC Portfolio Management

0.85%
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DDEC Tax Exposures

20.00% / 39.60%
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Ordinary income
No

DDEC Fund Structure

Open-Ended Fund
No
N/A
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/30/23

This measurement shows how easy it is to trade a $1 million USD block of DDEC. DDEC is rated a N/A out of 5.

DDEC Tradability

39,671
$1.25M
16,914
$531.84K
0.19%
$0.06
-0.02%
0.41% / -0.37%
None
--
50,000
0.34
0.02%
--
0
$31.71
N/A

DDEC Sector/Industry Breakdown

DDEC Segment
Benchmark
99.07% --
0.93% --

DDEC Top 10 Holdings

99.07%
0.93%
100.00%

DDEC Performance Statistics

0.74
0.30
0.19
0.35
1.16%
MSCI USA Large Cap Index

DDEC Benchmark Comparison Holdings

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DDEC Benchmark Comparison Summary

DDEC Segment
Benchmark
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DDEC Benchmark Comparison Market Cap Size

DDEC Segment
Benchmark
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