| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Nova Wealth Management Inc. Nova Wealth Management Inc. | 6,022 | $169,626.98 | $189,030.58 | $19,403.6 | 11.44% |
| BATS Exchange | US Country |
The fund operates as an actively managed exchange-traded fund (ETF) that primarily focuses its investments on Flexible Exchange Options (FLEX Options) that are based on the market price of the SPDR® S&P 500® ETF Trust. This strategic approach targets leveraging the movements in the S&P 500 index by investing in these specific derivatives. Given its investment strategy, the fund is classified as non-diversified, indicating that it concentrates its investments in a particular asset or within a specific sector, thereby potentially increasing the risk and volatility compared to diversified funds.
The primary product offered involves investment in FLEX Options that reference the market price of the SPDR® S&P 500® ETF Trust. FLEX Options are customizable exchange-traded options that give the fund the flexibility to specify various terms such as the exercise style, expiration date, and exercise price. This allows the fund to tailor its investment strategy to more precisely reflect its market outlook and objectives, leveraging the performance of the S&P 500 index through a derived investment vehicle.