SPRFI Index
SPRFI Index Dashboard, SPRFI Dashboard
Index Dashboard
- SPRFI
Cboe S&P 500 15% Buffer IC Index
- Overview
- Performance
Introduction
The Cboe Israeli Calendar Buffer Indices are part of a family of Target Outcome Indices. The Indices are designed to provide target outcome returns to the US domestic stock market.
The Cboe S&P 500 15% Buffer IC Index Series (SPRFI) is designed to measure the performance of a portfolio of hypothetical options based on the S&P 500 Index. Each index in the series is designed to track the returns of a hypothetical investment that over a period of approximately one year seeks to provide protection against the first 15% of losses due to a decline in the S&P 500 Index while providing participation up to a capped level. The capped level is determined on each annual roll date.
The Index Series comprises 13 series.
There are 12 monthly series that roll on the last trade date of each month, that both Cboe and Tel Aviv Stock Exchange are open:
- Cboe S&P 500 15% Buffer IC Index January Series (Ticker: SPRFI01)
- Cboe S&P 500 15% Buffer IC Index February Series (Ticker: SPRFI02)
- Cboe S&P 500 15% Buffer IC Index March Series (Ticker: SPRFI03)
- Cboe S&P 500 15% Buffer IC Index April Series (Ticker: SPRFI04)
- Cboe S&P 500 15% Buffer IC Index May Series (Ticker: SPRFI05)
- Cboe S&P 500 15% Buffer IC Index June Series (Ticker: SPRFI06)
- Cboe S&P 500 15% Buffer IC Index July Series (Ticker: SPRFI07)
- Cboe S&P 500 15% Buffer IC Index August Series (Ticker: SPRFI08)
- Cboe S&P 500 15% Buffer IC Index September Series (Ticker: SPRFI09)
- Cboe S&P 500 15% Buffer IC Index October Series (Ticker: SPRFI10)
- Cboe S&P 500 15% Buffer IC Index November Series (Ticker: SPRFI11)
- Cboe S&P 500 15% Buffer IC Index December Series (Ticker: SPRFI12)
In addition, there is one balanced index that is a composite of the 12 monthly series, where each monthly series is allocated an equal weight at each monthly roll date:
- Cboe S&P 500 15% Buffer IC Index (SPRFI)
Target Outcome Indexes
Index Methodology
Index Constituents
Indexes described on this web page are designed to represent proposed hypothetical options strategies. The actual performance of investment vehicles such as mutual funds or managed accounts can have significant differences from the performance of the Indexes. Investors attempting to replicate the Indexes should discuss with their advisors possible timing and liquidity issues. Like many passive benchmarks, the Indexes do not take into account significant factors such as transaction costs and taxes. Transaction costs and taxes for strategies such as the Indexes could be significantly higher than transaction costs for a passive strategy of buying-and-holding stocks. Investors should consult their tax advisor as to how taxes affect the outcome of contemplated options transactions. Past performance does not guarantee future results. This web page contains index performance data based on back-testing, i.e., calculations of how the index might have performed prior to launch. Backtested performance information is purely hypothetical and is provided in this web page solely for informational purposes. Back-tested performance does not represent actual performance and should not be interpreted as an indication of actual performance. It is not possible to invest directly in an index. Cboe calculates and disseminates the Indexes. Supporting documentation for any claims, comparisons, statistics or other technical data is available from Cboe upon request. The methodologies of the Indexes are the property of Cboe Options Exchange, Incorporated (Cboe).