JPMorgan International Hedged Equity Laddered Overlay ETF (HOLA)

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

The fund invests in a portfolio of stocks from developed markets outside the United States and pairs it with an options overlay made up of put spreads and short call options on international equity indexes or related instruments. The options are laddered across several expiration dates so that hedges roll over on a staggered schedule.

The objective is to capture a significant share of international equity returns with lower volatility and some protection against declines, in exchange for a limit on upside participation.