BFLB

BFLB provides hedged US Equity exposure. The strategy seeks to provide asymmetric exposure to US equity market returns, participating in a greater percentage of market rallies than market sell-offs. The fund's methodology incorporates options contracts to provide exposure to the US equity markets while simultaneously reducing the magnitude of losses associated with market sell-offs. The strategy's options portfolio structure, commonly referred to as a "put spread collar," is like those used by most defined outcome buffer ETFs, but BFLB seeks to improve on the defined outcome approach through active management.