| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 10,956 | $349,766.96 | $459,549.42 | $109,782.46 | 31.39% |
| LJB Laura J. Bornheimer GWN SECURITIES Inc. | 5,224 | $200,460 | $219,120.68 | $18,660.68 | 9.31% |
| YA Yinka Akinsola Blue Trust Inc. | 10,950 | $386,505.42 | $459,188.25 | $72,682.83 | 18.81% |
Jeff Ameen Spire Wealth Management | 66,150 | $2.48M | $2.78M | $298,610.37 | 12.05% |
| KMT Kirk M. Tokheim Ameritas Advisory Services LLC | 26,736 | $1.06M | $1.12M | $63,498 | 5.99% |
| BATS Exchange | US Country |
The fund is designed to offer investors exposure to the performance of the SPDR® S&P 500® ETF Trust through investment primarily in FLexible EXchange® Options (FLEX Options) that are based on the said ETF. FLEX Options are a type of exchange-traded options that provide unique customizable terms compared to standard options contracts, allowing for tailored investment strategies. However, these options carry their own set of risks, including counterparty risk with the Options Clearing Corporation (OCC) despite the OCC's guarantee for settlement. The liquidity of FLEX Options can also differ significantly from that of more traditional exchange-traded options. This fund adopts a non-diversified investment strategy, focusing a considerable portion of its assets in these specialized financial instruments.
This product involves investing primarily in FLEX Options that reference the SPDR® S&P 500® ETF Trust. FLEX Options are distinctive due to their customizable features, allowing investors to specify terms such as exercise prices, styles, and expiration dates. This customization capability sets FLEX Options apart from standard options contracts, providing a flexible investment tool tailored to specific market views or portfolio needs. Despite the benefits, investors should be aware of the counterparty risk associated with the OCC and the potential for less liquidity compared to traditional exchange-traded options.