The FJUL ETF, formally known as the First Trust Target Outcome ETF, is managed by First Trust Advisors L.P. Under normal market conditions, this ETF invests substantially all of its assets in Flexible Exchange Options (FLEX Options) that are linked to the price performance of the SPDR® S&P 500® ETF Trust (the Underlying ETF). FLEX Options are customized equity or index option contracts that trade on an exchange, offering investors the flexibility to customize key contract terms. The Underlying ETF is an exchange-traded unit investment trust that aims to replicate the performance of the S&P 500® Index.
While the Fidelity U.S. Large Cap Equity ETF (FJUL) primarily focuses on tracking the performance of large-cap U.S. stocks, it still provides investors with exposure to dividend distributions. FJUL follows a quarterly distribution schedule, with dividends being influenced by the dividend policies and financial performance of its underlying portfolio companies. As FJUL comprises established and financially stable U.S. companies, investors can potentially benefit from both capital appreciation and consistent dividend income.
Tracking the SPDR® S&P 500® ETF Trust is the primary objective of the FLEXShares JULZ ETF (FJUL). FJUL primarily invests in Flexible Exchange® Options (FLEX Options) that are tied to the performance of the SPDR® S&P 500® ETF Trust (SPY), an exchange-traded unit investment trust. FLEX Options are customized equity or index option contracts that trade on an exchange, allowing for customization of contract terms. FJUL's investment strategy employs a target outcome strategy, aiming to provide predefined investment outcomes based on SPY's price performance over approximately one-year Target Outcome Periods. It offers investors a buffer against the first 10% of SPY losses and a capped return, making it suitable for those seeking a risk-managed approach to S&P 500® exposure. However, investors should carefully consider the cap and buffer levels and how they may affect their investment returns throughout the Target Outcome Period.
The correlation aspect of the FLEXShares Credit-Scored US Corporate Bond Index Fund (FJUL) is primarily associated with its underlying investment strategy. FJUL seeks to track the performance of a custom index composed of US corporate bonds, but its correlation with traditional equity markets may vary depending on the credit quality and economic conditions. Investors often look to FJUL as a tool for adding fixed-income exposure to their portfolios and managing risk, given its focus on investment-grade corporate bonds.
The FJUL ETF primarily focuses on providing investors with a customizable investment outcome strategy using FLEX Options linked to the performance of the SPDR® S&P 500® ETF Trust (SPY). These FLEX Options enable investors to tailor their risk exposure and returns, with a cap set at 17.46% and a buffer of 9.15% against the first 10% of SPY losses. The fund's strategy involves adjustments based on prevailing market conditions, making it a unique choice for investors seeking specific target outcomes in the S&P 500 Index.
The exposure profile of the XYZ Growth ETF (FJUL) is centered on long-term growth prospects within the U.S. equity market. FJUL primarily invests in equity securities, focusing on common and preferred stocks of U.S. companies that are identified through a rigorous selection process. The fund operates with a non-diversified approach, allowing it to allocate a significant portion of its assets to a limited number of issuers believed to have substantial growth potential. To determine its investments, the Subadvisor utilizes a combination of bottom-up, fundamental research and systematic portfolio construction. They seek out mid- and large-cap companies with characteristics such as market-leading positions, disruptive business models, anticipated above-average revenue and earnings growth, strong cash flow, solid balance sheets, capable management teams, and reasonable valuations. This research process includes direct engagement with company management and site visits.FJUL employs a systematic portfolio construction process to manage investment risk exposures while aligning with its growth-focused objective. This involves optimization to incorporate fundamental growth insights, ensuring diversification and liquidity risk are considered.Additionally, the Subadvisor takes into account environmental, social, and governance (ESG) factors that may impact issuers and their securities. These considerations are tailored to specific industries, sectors, regions, or other relevant factors.The fund also maintains the flexibility to allocate up to 20% of its total assets to foreign issuers, including those operating in emerging markets. For investors looking to explore and understand FJUL's exposure in detail, ETF Insider offers a valuable web app with comprehensive visualization tools to uncover deeper insights, correlations, and overlaps among various U.S. ETFs.
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