| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| MFA Millington Financial Advisors LLC Millington Financial Advisors LLC | 36,840 | $1.19M | $1.68M | $488,631.02 | 40.98% |
VESTIA PERSONAL WEALTH ADVISORS VESTIA PERSONAL WEALTH ADVISORS | 12,173 | $393,996 | $554,601.88 | $160,605.88 | 40.76% |
| BATS Exchange | US Country |
The fund described is primarily focused on investing in FLexible EXchange® Options (FLEX Options) that are tied to the performance of the SPDR® S&P 500® ETF Trust. These types of investments make up at least 80% of the fund's net assets. FLEX Options are a special type of exchange-traded options that offer investors the ability to customize terms to suit their investment strategies, different from standard options contracts. Despite being guaranteed for settlement by the Options Clearing Corporation (OCC), they present counterparty risk associated with the OCC and may experience lower liquidity compared to traditional exchange-traded options. It's crucial to note that this investment fund operates with a non-diversified approach, meaning it may invest more heavily in individual securities, increasing potential risk and reward.
These are a key product for the fund, representing customized exchange-traded options that provide the flexibility to tailor terms such as exercise style, expiration date, and other factors to the investor's requirements. Unlike standard options, FLEX Options allow for a more targeted investment approach, offering unique opportunities based on the SPDR® S&P 500® ETF Trust. They come with advantages such as customization and potential for high returns but carry risks like counterparty risk with the OCC and possibly lower liquidity than standard options.