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PAUG is an actively managed “buffer” ETF designed to shape one-year S&P 500 outcomes starting each August by using exchange-traded FLEX options tied to the S&P 500 Price Index. The goal is to absorb (buffer) the first 15% of losses over that outcome period, in exchange for giving up some upside via a cap and giving up dividends because the options reference price return, not total return.
You don’t own the S&P 500 stocks directly—you own a package of customizable S&P 500-linked options plus collateral (cash-like holdings). That options package is built to take some of the hit when the market falls (up to a set amount), but it also limits 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 PAUG
Breakdown of PAUG by sector weightings (%)
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Top countries by weight (%)
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