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PSCQ is an actively managed “structured outcome” ETF that uses FLEX options tied to SPY (the SPDR S&P 500 ETF) to target a defined loss buffer and a capped upside over an outcome period that resets each October. The strategy is built to soften certain drawdowns in the S&P 500 proxy, but investors trade away upside beyond a preset cap and results can vary based on when shares are purchased versus the annual reset.
You don’t own the S&P 500 stocks directly—you mainly own a package of SPY-linked options plus cash-like collateral. That options package is designed to absorb some losses over a one-year window, but it also limits how much you can gain if stocks rally a lot.
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Showing the largest holdings by weight in PSCQ
| Logo | Ticker | ETF Weight | Market Value | |
|---|---|---|---|---|
2S | 2SPY 260930C00007330 SPY 09/30/2026 7.33 C | SPY 09/30/2026 7.33 C | 94.02% | $47.6M |
2S | 2SPY 260930P00632870 SPY 09/30/2026 632.87 P | SPY 09/30/2026 632.87 P | 2.53% | $1.3M |
2S | 2SPY 260930C00743520 SPY 09/30/2026 743.52 C | SPY 09/30/2026 743.52 C | 2.48% | $-1254449 |
2S | 2SPY 260930P00466330 SPY 09/30/2026 466.33 P | SPY 09/30/2026 466.33 P | 0.55% | $-279993 |
US | USBFS03 U.S. Bank Money Market Deposit Account 06/01/2031 | U.S. Bank Money Market Deposit Account 06/01/2031 | 0.41% | $206.5K |
Breakdown of PSCQ by sector weightings (%)
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Top countries by weight (%)
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