Overview
S&P 500 exposure with the first 15% of annual losses absorbed — a defined-outcome options structure that resets each July.
Top Holdings
| Ticker | Holding | Weight |
|---|
Fund Details
Investment Thesis
Equity returns for investors who can't stomach equity drawdowns: the 15% buffer converts the scariest part of the distribution into a known trade-off (capped upside). +11% while fully protected against a 2022-style first leg down is the product working as designed.
Who It's For
Near-retirees and the loss-averse who would otherwise sit in cash — equity upside with the floor they need to stay invested.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | $26.75 | -- |
| 2020 | $28.76 | +7.5% |
| 2021 | $30.83 | +7.2% |
| 2022 | $30.19 | -2.1% |
| 2023 | $36.19 | +19.9% |
| 2024 | $41.17 | +13.8% |
| 2025 | $46.43 | +12.8% |
| Year | Yield |
|---|---|
| 2016 | -- |
| 2017 | -- |
| 2018 | -- |
| 2019 | 0.00% |
| 2020 | 0.00% |
| 2021 | 0.00% |
| 2022 | 0.00% |
| 2023 | 0.00% |
| 2024 | 0.00% |
| 2025 | 0.00% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | -- | -- |
| 2020 | -- | -- |
| 2021 | -- | -- |
| 2022 | -- | -- |
| 2023 | -- | -- |
| 2024 | -- | -- |
| 2025 | $1.0B | -- |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
Related US Broad Market ETFs
Markets. Intelligence. Daily.
Full briefs on 400+ ETFs, curated daily ETF news, and a free weekly deep-dive newsletter — all on ETFHub.
Get the Free Weekly Brief Explore the ETF Portal Official Fund Page →