SPXH – Janus Velocity Volatility Hedged Large Cap ETF

Hedging Large-Cap Equity Exposure with an Innovative Volatility Strategy

NAV: $30.88

1-Day Change: +$0.06 (+0.19%)

As of market close 12/8/16
  • ENHANCED BETA
  • QUICK FACTS (SPXH)

    Pricing Data (As of market close 12/09/16)
    Closing Market Price$31.00
    Bid/Ask Midpoint$31.05
    Day High$31.00
    Day Low$30.90
    Trading Volume (Shares)3,350
    Premium/Discount (%)N/A
    Shares Outstanding1.40M
    Yield & Expenses

    Distribution Yield at NAV
    (As of 09/30/2016)

    1.66%
    30 Day SEC Yield
    (As of 11/30/16)
    1.12%
    Distribution FrequencyQuarterly
    Total Net Assets
    (As of 12/8/16)
    $43.23M
    Annual Expense Ratio
    (Estimated)
    GROSS 0.71%
    NET 0.71%
    Fund Details
    Inception Date 06/21/2013
    CUSIP 47103U803
    Category
    Morningstar (As of 11/30/2016)
    US ETF Long-Short Equity
    Intraday Value (IOPV) SPXHIV
    Exchange NYSE Arca
    Index Ticker SPXHID
    Primary Benchmark VelocityShares Volatility Hedged Large Cap Index
    Index Provider Janus Index & Calculation Services LLC

    Fund Objective

    SPXH seeks to provide investment results that correspond generally, before fees and expenses, to the performance of the VelocityShares Volatility Hedged Large Cap Index.

    Client Commitment

    This core ETF addresses the challenge of efficiently hedging the downside risk of an equity portfolio, and is designed to provide a systematic solution to that problem via exposure to VIX futures. It’s comprised of an 85% exposure to large-cap equities (S&P 500® Index) and a 15% exposure to a volatility component designed to efficiently hedge against large market declines. SPXH automatically rebalances back to these target allocations at each month-end.

    Why Invest in SPXH

    SYSTEMATIC VOLATILITY STRATEGY

    This comprehensive solution pairs a 15% allocation to a systematic volatility-based hedge with an 85% allocation to the S&P 500® Index. The volatility component adjusts its exposure each day based on the daily moves in short term VIX futures.

    LOW COST, EFFICIENT HEDGE

    Maintaining a constant long volatility hedge in a portfolio can be expensive. By dynamically shifting between long and short exposure to VIX futures, Janus’ volatility strategy seeks to capitalize on the negative correlation of VIX futures via a transparent, liquid and low-cost volatility hedge.

    DESIGNED TO REDUCE TAIL RISK

    This core equity ETF offers the potential to significantly reduce drawdown risk in the worst markets while capturing a significant portion of the upside in bull markets.