FDEC ISSUER
The issuer of the FDEC ETF, which is known as the FLEX Options on SPDR® S&P 500® ETF Trust, is PDR Services, LLC (PDR). This exchange-traded fund (ETF) primarily invests in Flexible Exchange® Options (FLEX Options) that reference the price performance of the SPDR® S&P 500® ETF Trust (the Underlying ETF). FLEX Options are customized equity or index option contracts that provide investors with the flexibility to customize key contract terms. The primary investment objective of the Underlying ETF is to seek to provide investment results that correspond to the price and yield performance of the S&P 500® Index. The FDEC ETF uses a target outcome strategy involving caps and buffers to provide investors with defined risk and return profiles over specific Target Outcome Periods, and it is managed by Cboe VestSM Financial LLC.
FDEC DIVIDEND
While the Fidelity MSCI Consumer Discretionary Index ETF (FDEC) primarily focuses on tracking the performance of consumer discretionary stocks, it also reflects the dividend distribution of the underlying index. Dividends from this ETF are typically distributed on a quarterly basis, in line with the dividend policies and performances of the constituent companies within the MSCI Consumer Discretionary Index. Investors in FDEC can benefit from potential capital appreciation alongside dividend returns as they participate in the consumer discretionary sector's growth.
FDEC TRACKING
Tracking the SPDR® S&P 500® ETF Trust is the primary objective of the FLEX Options Defined Outcome ETF (FDEC). FDEC primarily invests in Flexible Exchange® Options (FLEX Options) referencing the price performance of the SPDR® S&P 500® ETF Trust, serving as its underlying ETF. FLEX Options are customizable equity or index option contracts traded on an exchange, allowing investors to tailor key contract terms. The investment objective of the SPDR® S&P 500® ETF Trust is to replicate the price and yield performance of the S&P 500® Index, a benchmark that includes 500 leading U.S. companies spanning various sectors. FDEC employs a target outcome strategy with pre-determined investment outcomes based on the performance of the SPDR® S&P 500® ETF Trust over specific Target Outcome Periods, offering investors a potential buffer against losses and capped upside participation.
FDEC CORRELATION
The correlation aspect of the FT Cboe Vest US Equity Buffer ETF - December is an essential factor to consider when analyzing its behavior in relation to its underlying assets. While specific correlation data for this ETF is not provided in the text, understanding correlations is crucial for investors seeking to gauge the ETF's performance in various market conditions. To gain deeper insights into this ETF's correlations and discover its potential overlap with other assets, you can utilize our tool, ETF Insider. Our web app offers comprehensive correlation analysis and provides valuable data and visualizations, making it easier for you to make informed investment decisions and stay up-to-date with market trends.
FDEC SECTOR
The FDEC ETF, known as the Innovator S&P 500 Power Buffer ETF, operates within the flexible exchange options (FLEX Options) sector. This innovative ETF primarily invests in FLEX Options that reference the price performance of the SPDR S&P 500 ETF Trust. The fund utilizes FLEX Options to implement a target outcome strategy, aiming to provide investors with predetermined investment outcomes based on the performance of the S&P 500 Index. The FDEC ETF seeks to offer a buffer against the first 10% of losses in the underlying ETF while capping potential gains, making it an intriguing option for those seeking specific risk and return profiles within the broader market.
FDEC EXPOSURE
The Fidelity NASDAQ International Index Fund (FDEC) seeks to replicate the performance of the Nasdaq Developed Markets ex United States Large Mid Cap Index. This index offers exposure to equity market performance in non-U.S. developed markets, with a focus on value and momentum factors. It aims to provide investors with a well-diversified portfolio of international stocks, emphasizing companies that are attractively priced relative to their fundamentals and exhibit strong price trends. FDEC's exposure encompasses a range of countries, including Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom. The index is designed to maintain lower realized volatility than traditional capitalization-weighted indexes and is periodically rebalanced to ensure representation from various geographic regions.