| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| MFA Millington Financial Advisors LLC Millington Financial Advisors LLC | 26,913 | $769,622.27 | $922,308.51 | $152,686.24 | 19.84% |
Christopher C. Powers Farther Finance Advisors, LLC | 9 | $264.75 | $307.35 | $42.6 | 16.09% |
VESTIA PERSONAL WEALTH ADVISORS VESTIA PERSONAL WEALTH ADVISORS | 7,493 | $203,904 | $256,485.39 | $52,581.39 | 25.79% |
| BATS Exchange | US Country |
The investment strategy primarily focuses on utilizing FLexible EXchange® Options (FLEX Options) that are based on the SPDR® S&P 500® ETF Trust (the "Underlying ETF"). The mandate of the fund dictates that a minimum of 80% of its net assets are to be invested in these FLEX Options. The Underlying ETF itself is an investment vehicle that aims to mirror the performance of the S&P 500 Index, a well-regarded benchmark that encompasses 500 of the largest U.S. companies across various industries. These companies are selected based on their market capitalization. The fund's approach is non-diversified, meaning it concentrates its investments in a specific area rather than spreading them across different sectors or types of investment.
This financial instrument allows the fund to implement a strategy that is directly tied to the performance of the SPDR® S&P 500® ETF Trust. By investing in FLEX Options, the fund seeks to leverage the performance of the S&P 500 Index indirectly. These options offer the flexibility of customized contract terms, thereby providing a tailored investment approach to fit the fund's objectives. The main goal of utilizing FLEX Options is to capture growth through the underlying ETF, which reflects the performance of 500 of the largest U.S. companies.
As the cornerstone of the fund's investment strategy, the SPDR® S&P 500® ETF Trust is selected due to its broad representation of the U.S. equity market. This ETF seeks to track the S&P 500 Index, providing exposure to 500 leading companies in major industries. The choice of this ETF aligns with the fund's goal to invest in a large-cap, market-weighted index. By focusing on this ETF, the fund aims to reflect the investment results of the overall market performance, leveraging the diversity and stability of the selected 500 companies.