XJUNFT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - June
XJUN Fund Description
XJUN seeks to outperform the SPY ETF at about 2x positive price returns while aiming for specific buffered losses and capped gains over a specific holdings period. The actively managed fund holds options and collateral.
XJUN Factset Analytics Insight
XJUN aims to provide approximately twice of any positive price returns of the S&P 500 ETF with a cap of up to 6.16%. The fund uses options in an effort to moderate losses over a one-year period starting each June. 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 foregoes some upside return on SPY, in exchange for preventing realization of the first 15% its 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 funds expense ratio. The fund is actively managed and uses flex options exclusively.
XJUN Portfolio Data
XJUN Index Data
XJUN Portfolio Management
XJUN Tax Exposures
XJUN Fund Structure
XJUN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of XJUN. XJUN is rated a N/A out of 5.
XJUN Top 10 Holdings
XJUN Economic Development
XJUN Performance Statistics
XJUN Benchmark Comparison Summary
XJUN 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.