| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 7,623 | $200,561.13 | $231,396.16 | $30,835.03 | 15.37% |
| LJB Laura J. Bornheimer GWN SECURITIES Inc. | 15,101 | $424,791.39 | $458,390.85 | $33,599.46 | 7.91% |
Jeff Ameen Spire Wealth Management | 22,684 | $629,943.55 | $688,005.72 | $58,062.17 | 9.22% |
| AB Andrew Blass Atlantic Private Wealth LLC | 22,795 | $667,665.55 | $691,942.22 | $24,276.67 | 3.64% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 1,740 | $45,779.4 | $52,758.54 | $6,979.14 | 15.25% |
| BATS Exchange | US Country |
The fund represents an investment strategy focused primarily on leveraging FLexible EXchange® Options (FLEX Options) that are tied to the performance of the SPDR® S&P 500® ETF Trust. By allocating at least 80% of its net assets into these customizable exchange-traded option contracts, the fund offers investors a specific approach to participating in the equity market's potential gains while maintaining a defined risk profile. The principal underpinning this strategy is the use of FLEX Options, instruments that allow for a high degree of flexibility in terms of strike prices, expiration dates, and other contract terms. This approach underscores a non-diversified investment model, emphasizing concentrated exposure to the movements of the S&P 500 through the underlying ETF.
FLEX Options are at the core of the fund's investment strategy. These derivatives are distinct for their customizable features, allowing investors to tailor the terms of their option contracts, including strike prices and expiration dates, to meet specific investment goals or risk tolerance. By focusing on FLEX Options that reference the SPDR® S&P 500® ETF Trust, the fund seeks to tap into the performance of one of the most closely watched U.S. equity indices, albeit with potentially enhanced returns or protected downside given the strategic use of options.
The fund opts for a non-diversified investment strategy, meaning it concentrates its investments more narrowly than a diversified fund might. This approach can lead to higher volatility or risk, as the fund's performance is more directly tied to the specific assets it holds, in this case, FLEX Options on the SPDR® S&P 500® ETF Trust. While this strategy may increase potential returns, it also raises the fund's exposure to individual market risks.