Nasdaq Exceed Defined Enhancement Index (EXENHA)

Index Overview

The Nasdaq Exceed Defined Enhancement Index (“Enhanced Index”) is a large cap based index offering a high degree of enhanced upside. The Index tracks a basket of four rolling investment portfolios, each of which provides exposure to the S&P 500 with the following characteristics:

  • Targets annual 2X upside participation to a high cap
  • Targets annual 1X downside participation

The Index is calculated by IDC and disseminated by Nasdaq under the ticker symbol EXENHA.

Index Characteristics

Index symbol EXENHA
Index value
52 week high / low
Base value 95.92 12/3/2001
Exchange Nasdaq
Credit exposure Investment grade,
< 3 years
Equity exposure Large cap
Rebalancing Credit: monthly Equity: quarterly

Updated on Sep 22 2017 7:00 PM

Advantages of the Index

The Enhanced Index provides defined exposure to the S&P 500 with several added benefits:

  • Asymmetric returns of 2X upside to a cap with 1X downside
  • Historical performance demonstrates similar volatility to S&P 500 with considerably better returns and superior risk adjusted performance
  • Long term leverage rather than daily compounding

About the Index's Holdings

The Index is comprised of two asset classes:

  • Investment Grade Fixed Income: The majority of index holdings consists of a diversified rolling basket of investment grade fixed income securities with <3 year maturities. The interest income from these holdings is used to subsidize the options purchases described below.
  • Options: A small portion of index holdings consists of a rolling basket of cleared, exchange-based options linked to the S&P 500. These holdings provide the targeted exposure on the S&P 500
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From: * To: *
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EXENHA SPY Total Return
  • Annualized
  • Daily

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Annualized Returns Annualized Risk (Vol)
1 Year 3 Year 5 Year 10 Year 1 Year 3 Year 5 Year 10 Year
Nasdaq Exceed Defined Enhancement Index (EXENHA)EXENHA
343.090290000
21.59%
14.69% 17.00% 9.66% 11.05% 14.36% 13.05% 21.67%
S&P 500 Total Return IndexS&P 500 TRI
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0.00% 0.00% 0.00% 0.00%
Annualized Risk (Vol)
1 Year 3 Year 5 Year 10 Year
EXENHA 11.05% 14.36% 13.05% 21.67%
S&P 500 TRI 0.00% 0.00% 0.00% 0.00%
Index Level 1-Day MTD QTD YTD
Nasdaq Exceed Defined Enhancement Index (EXENHA)EXENHA 417.16 0.00% -4.51% 8.11% 8.11%
S&P 500 Total Return IndexS&P 500 TRI 0.00
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Updated on Sep 22 2017 7:00 PM