| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 5,313 | $193,373.29 | $237,411.4 | $44,038.11 | 22.77% |
| TMB Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 360 | $10,868.4 | $16,086.6 | $5,218.2 | 48.01% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 3,718 | $140,893.17 | $165,952.93 | $25,059.76 | 17.79% |
| RS Ramu Singh CALTON & ASSOCIATES Inc. | 5,669 | $211,000.18 | $253,319.26 | $42,319.08 | 20.06% |
Jeff Ameen Spire Wealth Management | 34,411 | $1.25M | $1.54M | $282,899.5 | 22.59% |
| BATS Exchange | US Country |
The fund primarily focuses on investing in FLexible EXchange® Options (FLEX Options) that are tied to the performance of the SPDR® S&P 500® ETF Trust, allocating at least 80% of its net assets to these instruments. FLEX Options differ from traditional exchange-traded options in their ability to have customized terms, providing a unique investment avenue with specific characteristics. These options are guaranteed for settlement by the Options Clearing Corporation (OCC), however, they carry counterparty risk with the OCC and may exhibit lower liquidity compared to standard exchange-traded options. Additionally, the fund operates as a non-diversified investment entity.
FLEX Options are crucial instruments for the fund, representing exchange-traded options with customizable terms. These options give investors the ability to tailor specific aspects such as expiration dates, exercise styles, and strike prices, which are otherwise fixed in conventional exchange-traded options. FLEX Options allow for targeted investment strategies linked to the SPDR® S&P 500® ETF Trust. Despite being guaranteed by the Options Clearing Corporation for settlement, investors should be aware of the counterparty risk posed by the OCC and the potential lower liquidity compared to more typical options.