"SBAR is designed to deliver low double-digit income while largely avoiding equity drawdowns by selling 30% barrier put options on a basket of indices (participation only if the worst index breaches the 30% barrier at contract end), and its historical barrier-break rate was cited as only 7.8% on a rolling 1-year basis."
"Simplify XV & SBAR Income ETFs | Innovative PUT Strategies 15% Distribution & Downside Protection"