Description: In implementing its strategy, the manager employs a methodology similar the MerQube Hedged Premium Income Index (the "MQKHPI"). The MQKHPI is designed to be 100% invested in the Vanguard S&P 500 ETF (VOO) while selling 1-Month call options and purchasing 3-Month put options on the SPDR S&P 500 ETF (SPY). The MQKHPI aims to generate income from selling call spreads while providing downside protection through the purchase of put spreads, maintaining exposure to the U.S. large-cap equity market. The fund is non-diversified.
Exchange: BATS
Country: US : United States of America
Currency: US Dollar ($)
Category: Derivative Income
| Asset Allocation | |||
|---|---|---|---|
| Asset Class | Long % | Short % | Net Assets |
| Stock US | 101.71 | 5.86 | 95.86 |
| Cash | 3.56 | 0.00 | 3.56 |
| Stock non-US | 0.61 | 0.03 | 0.58 |
| Sector Weights | ||
|---|---|---|
| Sector | Equity % | Relative to Category |
| Technology | 33.02 | 28.79 |
| Financial Services | 12.90 | 12.04 |
| Healthcare | 11.17 | 11.45 |
| Consumer Cyclicals | 10.23 | 9.60 |
| Communication Services | 9.11 | 8.71 |
| Industrials | 7.55 | 8.77 |
| Consumer Defensive | 5.76 | 7.85 |
| Energy | 3.37 | 4.61 |
| Utilities | 2.70 | 3.26 |
| Real Estate | 2.28 | 2.07 |
| Basic Materials | 1.93 | 2.84 |
| World Regions | ||
|---|---|---|
| Region | Equity % | Relative to Category |
| North America | 99.40 | 93.16 |
| Europe Developed | 0.46 | 3.28 |
| United Kingdom | 0.10 | 1.83 |
| Asia Developed | 0.04 | 0.53 |
| Japan | 0.00 | 0.55 |
| Australasia | 0.00 | 0.12 |
| Asia Emerging | 0.00 | 0.35 |
| Latin America | 0.00 | 0.17 |
| Europe Emerging | 0.00 | 0.00 |
| Africa/Middle East | 0.00 | 0.01 |