What is the Nasdaq-100 Volatility Control 10% Net (XNDX10NC) Index and how does it work?

The XNDX10NC is an index that provides exposure to the Nasdaq-100® while maintaining a target volatility level of 10%. It works by dynamically adjusting its allocation between the Nasdaq-100® Index and a cash component on a daily basis, increasing exposure to the Nasdaq-100® during periods of lower market volatility and decreasing exposure during higher volatility periods to maintain consistent risk levels.

How does the XNDX10NC Index differ from the standard Nasdaq-100® Index?

The primary difference is that the XNDX10NC includes a volatility control mechanism that the standard Nasdaq-100® does not have. While the Nasdaq-100® provides direct exposure to 100 leading non-financial companies, the XNDX10NC adjusts this exposure daily to maintain a 10% volatility target and includes a cash component. Additionally, the XNDX10NC is calculated on a net total return basis, reflecting a hypothetical 0.50% per annum index cost.

Is the Nasdaq-100 Volatility Control 10% Net (XNDX10NC) suitable for insurance products?

Yes, the XNDX10NC is specifically designed with insurance products in mind, particularly for fixed indexed annuities and indexed universal life policies. Its volatility control mechanism and net total return calculation make it well-suited for insurance carriers' hedging programs, while providing exposure to innovative companies that can resonate with policyholders seeking growth potential with managed risk.

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Nasdaq-100 Volatility Control 10% Net Cost™ Index

The Nasdaq-100 Volatility Control 10% Net Cost™ Index (XNDX10NC™) Index provides targeted exposure to the Nasdaq-100® Index while aiming to maintain a consistent level of volatility at 10%. By dynamically adjusting exposure between the Nasdaq-100® and a cash component based on market conditions, the index seeks to deliver more stable returns over time. This innovative approach helps manage risk while allowing investors to participate in the growth potential of leading non-financial companies listed on the Nasdaq Stock Market®.

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About XNDX10NC

Key Facts

The Nasdaq-100 Volatility Control 10% NC Index 10% volatility using truVol® forecasts to rebalance the index, increasing or decreasing exposure to the Nasdaq-100 Total Return™ Index. XNDX10NC provides access to the Nasdaq-100®, one of the world’s preeminent large-cap indexes with exposure to innovative growth and technology stocks. This index is ideal for prioritizing capital preservation and exposure to potential market gains, making it suitable for retirement planning and long-term financial goals.

Volatility controlled indices may be well-suited to principal protected products where they can provide market-linked returns through dynamic exposure to the Nasdaq-100 Total Return™ Index while mitigating downside risk by using intraday and daily adjustments based on market events.

What Is Volatility Control and Why Does It Matter?>>

Inception Date	August 23, 2024
Ticker	XNDX10NC™
Type	Excess Return
Weighting	Volatility Driven
Rebalancing	Daily
Volatility Target	10.0%

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