BITU seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Bitcoin Index. The Bloomberg Bitcoin Index is designed to measure the performance of a single bitcoin traded in USD and seeks to provide a proxy for the bitcoin market. The Index price is a composite of U.S. dollar-bitcoin trading activity on certain digital asset trading platforms which have been evaluated based on criteria including governance, liquidity, and data integrity.
FLDB seeks to obtain a high level of current income consistent with preservation of capital. Normally investing at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities. Normally maintaining a duration of 1 year or less. Managing the fund to have similar overall interest rate risk to the Bloomberg US Treasury Bill 6-9 Months Index. In addition, the fund maintains a dollar-weighted average maturity of two years or less.
FDVL is actively managed that, under normal market conditions, primarily invests, directly or indirectly, in equity securities and other instruments with exposure to the value-focused U.S. equity market. Utilizing a third-party proprietary intraday volatility technology, the Sub-Adviser actively manages the Fund's exposure to the value-focused U.S. equity market based on the level of intraday volatility of the market.
RVER is actively managed and seeks capital appreciation by investing in securities believed have an above-average probability of outperforming the S&P 500 Index over all time horizons. The Fund's investable universe is comprised of all U.S. listed equity securities. This includes common stock and American Depositary Receipts ("ADRs"), without regard to market capitalization. ADRs are U.S. listed equities that represent interests in securities issued by a foreign company. The Fund typically invests in a portfolio of approximately 12-30 companies, although the precise number of holdings will vary over time.
The investment objective of QCAP is to seek to provide investors with returns (before fees and expenses) that match the price return of the Invesco QQQ TrustSM, Series 1 (the "Underlying ETF"), up to a predetermined upside cap of 15.21% while providing a buffer (before fees and expenses) against the first 20% of Underlying ETF losses, over the period from April 22, 2024 through April 17, 2025.
OPTZ is a passive exchange traded fund that seeks to track the performance of the Optimize Strategy Index (OPTSI), which is managed by Optimize Financial Inc. The Optimize Strategy Index (the "Index") aims to generate excess returns as compared to the broader U.S. equity market over an economic cycle. It seeks to do so by focusing on companies that exhibit a favorable profile with regard to various fundamental metrics including the ratio of current Earnings Per Share (EPS) over the trailing 10-year average EPS, the current Price to Earnings (P/E) ratio, and the 2-year forward EPS growth estimate for large capitalization companies and the Price to Sales (P/S) ratio for small Capitalization companies.
CCSB seeks maximum total return, consistent with preservation of capital and prudent investment management. The Fund is an actively managed exchange traded fund ("ETF") that primarily invests in a diversified portfolio of "green" or "sustainability" corporate bonds. The Fund's portfolio will generally maintain an average duration of fewer than 5 years and will be comprised of bonds that collectively will have a weighted-average investment grade rating (BBB- or higher). The Fund's portfolio is managed by Artesian Capital Management (Delaware) LP ("Artesian") and Carbon Collective Investing, LLC ("Carbon Collective"), both serving as sub-advisers.
MDST seeks to provide current income and capital appreciation. The Fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objectives by investing, under normal circumstances, at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in securities of Midstream (as defined below) North American corporations and Midstream U.S. master limited partnerships ("MLPs") (collectively, "Midstream Investments").
ERNZ is an actively-managed exchange-traded fund ("ETF") that seeks to deliver above-average yield relative to the broader market by purchasing a portfolio of 50 to 150 income generating securities. In pursuing its investment objective the Fund also employs a secondary focus on capital preservation and the opportunity for long term growth of capital by seeking lower relative volatility compared to the broader market.
SBIT seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Bitcoin Index. The Bloomberg Bitcoin Index is designed to measure the performance of a single bitcoin traded in USD and seeks to provide a proxy for the bitcoin market. The Index price is a composite of U.S. dollar-bitcoin trading activity on certain digital asset trading platforms which have been evaluated based on criteria including governance, liquidity, and data integrity.
TFJL seeks to provide investors with returns that match the price return of the iShares 20 Year Treasury Bond ETF, up to the upside cap of 14.85% (prior to taking into account management fees and other fees) while providing a maximum loss of 5% (prior to taking into account management fees and other fees) of iShares 20 Year Treasury Bond ETF losses, over the period from April 1, 2024 through June 30, 2024. The Fund invests at least 80% of its net assets in FLexible EXchange Options ("FLEX Options") that reference the iShares 20 Year Treasury Bond ETF (the "Underlying ETF").
The investment objective of MARM is to seek to provide investors with returns (before fees and expenses) that match the price return of the SPDR S&P 500 ETF (the "Underlying ETF") up to a predetermined upside cap while seeking to provide the maximum available buffer (before fees and expenses), against Underlying ETF losses over an approximate period of one year (the "Target Outcome Period"). Over the Target Outcome Period from March 27, 2024 through March 21, 2025, the Fund seeks to buffer against 100% of Underlying ETF losses and limit gains up to a predetermined upside cap of 9.23%.When the Fund's fees and expenses are taken into account, the cap is 8.39% and the buffer is 99.16%.
APCB is an actively-managed fund that blends active and passive investment strategies to optimize costs, tracking and potential return over the Bloomberg U.S. Aggregate Bond Index, the Fund's benchmark index. The ratio of the Fund's investment portfolio that is actively versus passively managed is determined by a variety of factors, including Envestnet's proprietary methodologies and academic research on factor investing. APCB will invest at least 80% of its net assets in fixed income securities that are rated investment grade or better and up to 20% of its net assets in high yield debt securities.
The investment objective of XIMR is to seek to provide investors with a consistent level of income that, when annualized, is approximately 7.60% (before fees and expenses) while providing a buffer against the first 10% of Underlying ETF losses, over the period from March 19, 2024 through March 21, 2025. The Fund will invest substantially all of its assets in FLexible EXchange Options ("FLEX Options") that reference the price performance of the Underlying ETF (SPDR S&P 500 ETF Trust) and short-term (one year or less) U.S. Treasury securities. The Fund uses FLEX Options to employ a "target outcome strategy."
APIE is an actively-managed fund that blends active and passive investment strategies to optimize costs, tracking and potential return over the S&P Classic ADR Composite Index, the Fund's benchmark index. The Fund also employs a strategic beta strategy for a portion of the Fund's investment portfolio. The ratio of the Fund's investment portfolio that is actively versus passively managed is determined by a variety of factors, including Envestnet's proprietary methodologies and academic research on factor investing.
APUE is an actively-managed fund that blends active and passive investment strategies to optimize costs, tracking and potential return over the CRSP US Large Cap Index, the Fund's benchmark index. The Fund also employs a strategic beta strategy for a portion of the Fund's investment portfolio. The ratio of the Fund's investment portfolio that is actively versus passively managed is determined by a variety of factors, including the firm's proprietary methodologies and academic research on factor investing.
The investment objective of GAPR is to seek to provide investors with returns (before fees and expenses) that match the price return of the SPDR S&P 500 ETF Trust, up to a predetermined upside cap of 14.67% while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from April 24, 2023 through April 19, 2024.
