NJULInnovator Nasdaq-100 Power Buffer ETF - July
NJUL Fund Description
NJUL aims for specific buffered losses and capped gains on the NASDAQ 100 over a specific holdings period. The actively-managed fund holds options and collateral.
NJUL Factset Analytics Insight
NJUL uses options in an effort to moderate losses on the NASDAQ 100 over a one-year period starting each July. The fund foregoes some upside return as well as any 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 15% of the NASDAQ 100’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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NJUL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of NJUL. NJUL is rated a N/A out of 5.
NJUL Top 10 Holdings
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NJUL Benchmark Comparison Market Cap Size