Innovative Premium Income Fund. (JULJ)
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JULJ Chart
Innovative Premium Income Fund. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 16,683 | $415,590.62 | $412,820.83 | -$2,769.79 | -0.67% |
 Timothy R. Guthrie Bullseye Investment Management LLC | 35,551 | $885,203.9 | $879,176.23 | -$6,027.67 | -0.68% |
 Kevin Zemann WealthPlan Investment Management LLC | 12,571 | $311,383.67 | $310,905.97 | -$477.7 | -0.15% |
 Christopher C. Powers Farther Finance Advisors, LLC | 1,821 | $45,146.76 | $45,060.64 | -$86.12 | -0.19% |
 Cynthia Schlanger Ashton Thomas Private Wealth, LLC | 144 | $3,567 | $3,569.76 | $2.76 | 0.08% |
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Innovative Premium Income Fund. Profile
| BATS Exchange | US Country |
Overview
The fund is designed as an actively managed exchange-traded fund (ETF) that strategically allocates its investments across U.S. Treasury bills and innovative financial instruments known as FLexible EXchange® Options (FLEX Options). These options have the distinctive feature of using a broad-based U.S. equity index as their reference asset, with a particular focus on the S&P 500® Price Return Index. This setup indicates the fund’s objective to capitalize on the movements and returns of the U.S. equity market, specifically through the lens of the S&P 500®, while also maintaining a stake in the comparatively safer and more predictable market of U.S. Treasuries. Notably, the fund adopts a non-diversified investment strategy, opting to focus on what it perceives to be high-potential opportunities within its chosen domains of U.S. Treasuries and indexed options.
Products and Services
- U.S. Treasury Bills Investment
- FLexible EXchange® Options (FLEX Options)
This component of the fund's portfolio consists of investments in U.S. Treasury bills. Treasuries are considered among the safest investments globally since they are backed by the full faith and credit of the U.S. government. The inclusion of U.S. Treasuries in the fund’s investment strategy is aimed at providing a stable and reliable income stream, mitigating risk, and balancing the portfolio against the volatility inherent in equity investments.
FLEX Options are a centerpiece of the fund's investment strategy, allowing for significant flexibility in terms of contract specifications, including, but not limited to, the choice of strike prices, exercise styles, and expiration dates. These options are based on the S&P 500® Price Return Index, which tracks the performance of 500 large companies listed on stock exchanges in the United States. This approach enables the fund to potentially benefit from the growth in the U.S. equity market while also employing strategies that can hedge against downside risk or pursue specific investment outcomes.
