JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ)

The JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) is an actively managed fund from J.P. Morgan Asset Management.

The fund holds a portfolio of stocks drawn mainly from the Nasdaq-100 Index and pairs it with an options overlay built from put spreads and short call options on the index. The options positions are laddered, meaning they are staggered across several expiration dates so that hedges roll on a rolling schedule rather than all at once.

The objective is to provide a significant share of the returns of the Nasdaq-100 with lower volatility and some protection against declines, in exchange for a cap on upside participation.