AllianzIM US Large Cap Buffer20 Jul ETF (JULW) is an exchange-traded fund that aims to provide investors with exposure to large-cap U.S. stocks while limiting downside risk. The fund invests in a portfolio of large-cap U.S. stocks, while also purchasing a buffer of out-of-the-money put options to limit downside losses in the event of a market downturn.
JULW tracks the performance of the CBOE S&P 500 Buffer Protect Index - July, which seeks to provide investors with a buffer against the first 20% of losses in the S&P 500 Index over the course of one year. The index also provides upside participation in the S&P 500 Index up to a predetermined cap.
The fund's portfolio is tilted towards growth and momentum stocks, as it seeks to capture the potential for long-term returns from these types of stocks. The fund also employs a multi-factor approach that considers other factors such as value, quality, and size.
JULW's expense ratio is 0.74%, which is relatively high compared to other passive ETFs. However, the fund's unique structure, which combines equity exposure with downside protection, may be attractive to investors who are looking for a way to manage risk while still participating in the potential upside of the stock market.
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