REX Shares launched the REX Defensive Autocallable Income ETF (Ticker: DACL), designed to provide rules-based, income-focused exposure with a buffered downside profile and continued equity market exposure. The fund references the Bloomberg US Large Cap VolMax Defensive Autocallable Total Return Index via total return swaps.
DACL targets a distribution of approximately SOFR + 3% (not guaranteed), uses a 50% risk buffer with a 200% gearing factor on losses beyond the buffer at final maturity, and offers daily liquidity. RBC Capital Markets acts as swap provider, CAIS supports platform and marketing, and Bloomberg Indices supplies the index. REX highlights risks including derivatives, counterparty, equity market, liquidity, buffer/gearing, and new fund risks.