| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 113,951 | $3.4M | $3.58M | $179,809.07 | 5.29% |
Daniel Cesta Pinnacle Wealth Management Group Inc. | 6,760 | $201,515.6 | $211,918.56 | $10,402.96 | 5.16% |
| AB Andrew Blass Atlantic Private Wealth LLC | 950 | $28,319.5 | $29,787.25 | $1,467.75 | 5.18% |
Matthew B. Boersen Straight Path Wealth Management | 15,236 | $436,919.4 | $479,629.28 | $42,709.88 | 9.78% |
| FFG Fiduciary Financial Group LLC Fiduciary Financial Group LLC | 13,757 | $359,353.17 | $431,901.01 | $72,547.84 | 20.19% |
| ARCA Exchange | US Country |
The fund outlined focuses on investing a significant portion of its net assets, at least 80%, in FLexible EXchange® Options (FLEX Options) that are directly related to the iShares MSCI EAFE ETF, known as the underlying ETF. These FLEX Options are notable for their customizable terms, setting them apart from traditional exchange-traded option contracts. The uniqueness of FLEX Options lies in their adaptability, which allows investors to tailor specific aspects such as the exercise price, style, and expiration date to meet their investment objectives.
However, it's essential to understand that while FLEX Options provide a novel approach to options trading, they carry specific inherent risks. One such risk is the counterparty risk associated with the Options Clearing Corporation (OCC), which, despite guaranteeing the settlement of these options, does not completely mitigate the risk of failure to fulfil the contractual obligations. Additionally, the liquidity of FLEX Options can be notably lower than that of more traditional options, potentially impacting the ease with which they can be traded.
The fund distinguishes itself by focusing narrowly on investments linked to the iShares MSCI EAFE ETF through FLEX Options, positioning it as a non-diversified fund. This strategy may appeal to investors looking for targeted exposure to the performance of the iShares MSCI EAFE ETF, leveraging the flexibility and unique characteristics of FLEX Options to potentially enhance returns.
FLEX Options represent a core component of the fund's investment strategy, offering a mechanism to invest in the markets with a customizable approach. These exchange-traded option contracts stand out due to their unique feature of being highly customizable in terms of exercise price, style, and expiration date, unlike standard options. Investors benefit from the capability to tailor these options to closely align with their specific investment goals and risk tolerance levels. Although the settlement of these options is guaranteed by the Options Clearing Corporation, it's vital for investors to be aware of the counterparty risk involved as well as the potential for lower liquidity compared to more standard options.