The Nasdaq Exceed Defined Hedge Index (“Hedged Index”) is a large cap based index targeting first loss protection while providing 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 10% buffer, providing protection against the first 10% decline in the S&P 500 and exposure to any losses thereafter
- Targets annual 150% upside participation to a moderate cap
The Index is calculated by IDC and disseminated by Nasdaq under the ticker symbol EXHEDG.