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DJUL is an actively managed “buffered outcome” ETF that uses exchange-traded FLEX options tied to SPY (the S&P 500 via SPDR S&P 500 ETF Trust) to shape returns over a one-year window that begins in July. It targets absorbing a defined slice of downside (roughly the first 5% to 30% of losses) while placing a cap on upside, and it resets for a new outcome period each year with a cap that can change based on market conditions.
You don’t own the S&P 500 stocks directly—you mostly own customized options contracts on SPY plus collateral. Those options are designed to soften losses up to a set amount, but they also limit how much you can gain.
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Provides downside buffer protection with capped upside over a defined outcome period.
Showing the largest holdings by weight in DJUL
| Logo | Ticker | ETF Weight | Market Value | |
|---|---|---|---|---|
4S | 4SPY 260717C00006270 2026-07-17 State Street® SPDR® S&P 500® ETF Trust C 6.27 | 2026-07-17 State Street® SPDR® S&P 500® ETF Trust C 6.27 | 98.64% | $393.6M |
4S | 4SPY 260717P00596200 2026-07-17 State Street® SPDR® S&P 500® ETF Trust P 596.20 | 2026-07-17 State Street® SPDR® S&P 500® ETF Trust P 596.20 | 0.90% | $3.6M |
$U | $USD US Dollar | US Dollar | 0.46% | $1.9M |
Breakdown of DJUL by sector weightings (%)
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Top countries by weight (%)
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