| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| SFM Stephen F. Molyneaux HANOVER ADVISORS Inc. | 12,199 | $90,638.46 | $74,108.92 | -$16,529.54 | -18.24% |
| NASDAQ (NMS) Exchange | US Country |
The fund is an actively managed Exchange-Traded Fund (ETF) focused on attaining its investment objective by gaining short exposure to the broad U.S. large-capitalization equity market. This is accomplished through short sales of U.S.-traded equity securities and ETFs. The fund aims to provide investors with an opportunity to benefit from potential declines in the value of U.S. large-cap equity securities, offering a strategic tool for portfolio management and hedging against market downturns. With a commitment to invest at least 80% of its net assets in instruments that generate or are associated with short exposure to U.S. equity securities, the fund positions itself as a critical player for investors looking to navigate the complex landscape of the U.S. equity market through inverse investment strategies.
The fund primarily provides short exposure to the U.S. large-capitalization equity market. This is realized through the strategic short selling of U.S.-traded equity securities and ETFs. Targeting the broad market, the fund seeks to benefit from the potential declines in the prices of large-cap U.S. equities, thereby offering an investing alternative to traditional long-only equity investments.
As an actively managed ETF, this fund differentiates itself by relying not on a passive index-following strategy but on the active management of its portfolio. The management team makes strategic decisions on short selling positions in U.S. large-cap equities and ETFs. This approach allows for responsive adjustments to market dynamics, potentially maximizing the benefits of short exposure based on current market conditions.
Under normal circumstances, the fund dedicates at least 80% of its net assets towards investments that either directly create or result in short exposure to U.S. equity securities. This strict investment discipline underscores the fund’s commitment to its core strategy of short exposure, ensuring that a substantial portion of its assets is allocated in alignment with its investment objective.