JPM Nasdaq Hedged Equity Laddered Overlay Active UCITS ETF USD Acc

Objectives, Process and Policies Objective The objective of the Sub-Fund is to provide long-term capital growth. Share Class Benchmark Nasdaq-100 Index Investment Policy The Sub-Fund pursues an actively-managed investment strategy. The Sub-Fund aims to (i) invest in a portfolio of equity securities comprising primarily of companies that are domiciled in, or carrying out the main part of their economic activity in the US, and (ii) purchase and sell exchange-traded put options and sell exchange-traded call options, to provide a continuous market hedge for the portfolio. (i) Equity Portfolio The Sub-Fund aims to invest at least 67% of its assets (excluding assets held for ancillary liquidity purposes) in equity securities issued by companies that are domiciled in, or carrying out the main part of their economic activity in the US. The Sub-Fund may also invest in equity securities issued by companies from any other country. (ii) Put and Call Options The Investment Manager seeks to hedge overall market exposure relative to traditional long-only equity strategy through employing an options overlay strategy, which will be implemented by purchasing and selling exchange-traded put options and selling exchange-traded call options. The options will typically be based on the Benchmark. In implementing the options overlay strategy, the Sub-Fund seeks to provide "laddered" exposure. To do this, the Sub-Fund typically holds options for multiple (normally) three-month periods (each, a "hedge period") staggered a month apart for the purpose of seeking to provide lower volatility in any market cycle. Laddered investing refers to the implementation of the strategy with different hedge periods, with the goal of mitigating potential risks associated with only one hedge period. The Investment Manager will have discretion to determine the amount of exposure related to each hedge period and will have flexibility to allocate the assets to a particular hedge period. The Benchmark consists

Gestione attiva

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No