Description: The investment seeks long-term capital appreciation. The fund seeks to achieve its investment objective by taking long and short positions in one or more exchange-traded funds ("ETFs") that seek to track the performance of the S&P 500 Index. It may also invest up to 10% of its total assets in leveraged or inverse ETFs that seek to deliver multiples (long), or the inverse (short), of the performance of the S&P 500 Index, respectively. The fund will enter into futures contracts, in conjunction with investing in shares of an S&P 500-related ETF, to seek the desired long or short exposure to the S&P 500 Index.
Exchange: NYSE ARCA
Country: US
Currency: US Dollar ($)
Category: Long-Short Equity
| Asset Allocation | |||
|---|---|---|---|
| Asset Class | Long % | Short % | Net Assets |
| Stock US | 69.08 | 0.00 | 69.08 |
| Cash | 28.52 | 0.00 | 28.52 |
| Bond | 1.62 | 0.00 | 1.62 |
| Stock non-US | 0.79 | 0.00 | 0.79 |
| Sector Weights | ||
|---|---|---|
| Sector | Equity % | Relative to Category |
| Technology | 22.82 | 19.69 |
| Healthcare | 15.81 | 12.82 |
| Financial Services | 14.04 | 15.75 |
| Consumer Cyclicals | 9.60 | 11.16 |
| Industrials | 9.09 | 12.31 |
| Consumer Defensive | 7.63 | 6.00 |
| Communication Services | 7.36 | 7.39 |
| Energy | 5.19 | 6.11 |
| Utilities | 3.17 | 3.12 |
| Real Estate | 2.81 | 1.48 |
| Basic Materials | 2.48 | 4.17 |
| World Regions | ||
|---|---|---|
| Region | Equity % | Relative to Category |
| North America | 98.88 | 91.77 |
| United Kingdom | 0.57 | 2.16 |
| Europe Developed | 0.52 | 3.39 |
| Asia Developed | 0.03 | 0.49 |
| Japan | 0.00 | 0.85 |
| Australasia | 0.00 | 0.24 |
| Asia Emerging | 0.00 | 0.41 |
| Latin America | 0.00 | 0.48 |
| Europe Emerging | 0.00 | 0.01 |
| Africa/Middle East | 0.00 | 0.21 |