The Nasdaq Exceed Defined Protection Index (“Protection Index”) is a large cap based index targeting a high degree of principal protection. The Index tracks a basket of four rolling investment portfolios, each of which targets exposure to the S&P 500 with the following characteristics:
- Targets annual minimum 87.5% protection against downside performance, with planned exposure to the first 12.5% of S&P 500 losses and no losses thereafter
- Targets annual upside participation to a maximum gain of 15%
The Index is calculated by IDC and disseminated by Nasdaq under the ticker symbol EXPROT.