JPMorgan Hedged Equity Laddered Overlay ETF HELO

JPMorgan Hedged Equity Laddered Overlay ETF holds a portfolio of large US stocks and adds a layered options overlay that limits losses in falling markets. It earns no profit of its own: investors pay a management fee and receive the portfolio's returns and dividends, less the cost of the hedge. It aims for a smoother ride than the S&P 500.