DMAR

DMAR is an actively managed “target outcome” ETF that uses exchange-traded, customizable FLEX options tied to SPY’s price return to shape a one-year payoff window that resets each March.

The design aims to give a deep loss buffer (roughly protecting losses between about -5% and -30% over the outcome period) in exchange for a capped upside (cap is set for the period and can change at each reset).

The strategy does not include SPY’s dividends and the stated cap/buffer levels are before—and then reduced by—fees and other costs.