| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 11 | $376.1 | $418.99 | $42.89 | 11.4% |
Focus Financial Network Inc. Focus Financial Network, Inc. | 5,870 | $222,993 | $222,590.4 | -$402.6 | -0.18% |
| RM Rich Mowrer Brookwood Investment Group LLC | 17,346 | $500,974.08 | $655,331.88 | $154,357.8 | 30.81% |
| BATS Exchange | US Country |
The fund is designed to offer investors exposure to the performance of the Invesco QQQ TrustSM, Series 1, by investing at least 80% of its net assets in a portfolio of FLEX Options. FLEX Options are distinctive due to their customizable terms, setting them apart from more standard exchange-traded options contracts. While these options provide a level of customization, they are guaranteed for settlement by the Options Clearing Corporation (the “OCC”), which introduces a counterparty risk associated with the OCC. Additionally, liquidity can be an issue since FLEX Options might not be as readily tradable as their more conventional counterparts. Given its investment focus, the fund operates with a non-diversified status, putting it in a unique position within the investment landscape.
FLEX Options represent the core investment vehicle of the fund, offering a tailored approach to options trading. These options contracts are customizable, allowing for specific terms to be set according to investment needs. Notably, FLEX Options are guaranteed for settlement by the OCC, which adds a layer of security. However, this guarantee comes with the caveat of counterparty risk with the OCC itself. Moreover, the liquidity of FLEX Options may not always match that of more standard exchange-traded options, requiring investors to approach them with a clear understanding of these dynamics.