| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| WDW William Dudley Webb Jr. WORLD EQUITY GROUP Inc. | 23,066 | $779,534.94 | $814,691.12 | $35,156.18 | 4.51% |
Ruth Thortvedt Financial Network Wealth Advisors LLC | 14,606 | $390,639.29 | $515,007.56 | $124,368.27 | 31.84% |
| BATS Exchange | US Country |
The fund is an example of an actively managed exchange-traded fund (ETF) that has a specific focus on investing in FLEX Options. These are not ordinary options but are customized exchange-traded option contracts that are tailored to meet the fund's investment strategy. By primarily investing in FLEX Options that reference the market price of the SPDR® S&P 500® ETF Trust, this fund seeks to leverage the price movements of one of the most widely followed equity indices in the United States, the S&P 500®. The choice to focus on FLEX Options tied to the SPDR® S&P 500® ETF Trust allows the fund to aim for returns that correlate with the performance of the S&P 500®, albeit through a derivative instrument. The fund is classified as non-diversified, which means it concentrates its investments more narrowly than diversified funds. This could involve a higher risk of volatility or loss if the investment thesis does not play out as expected, but it also offers the potential for significant returns if the market moves favorably in relation to the fund's holdings.
This product refers to the fund's primary investment vehicle. FLEX (Flexible Exchange) Options are customizable option contracts that allow the fund to specify various terms such as the expiration date, strike price, and exercise style. By investing in FLEX Options that are tied to the SPDR® S&P 500® ETF Trust, the fund aims to capitalize on the price movements of a benchmark index, providing investors with the opportunity to potentially benefit from the S&P 500's performance through a derivative instrument. This strategy is designed for investors seeking exposure to the S&P 500 index's dynamics with the added flexibility that FLEX Options offer.