The CBOE Volatility Index (VIX) is a widely followed measure of the expected volatility of the S&P 500. Since the VIX is not directly investable, S&P 500 volatility exposure is often achieved through VIX futures. Each of the VIX futures indexes measures the movements of a combination of VIX futures and is designed to track changes in the expectation for VIX over a specific time window in the future. As a result, the S&P 500 VIX Short-Term Futures Index and VIXY can be expected to perform differently than the VIX.

VIXY data by YCharts

MJ uses an indexing approach to try to achieve the Fund’s investment objective. The Fund does not try to “beat” the Prime Alternative Harvest Index and does not seek temporary defensive positions when markets decline or appear overvalued. 

MJ data by YCharts

YOLO became the first actively managed ETF with a dedicated cannabis investment mandate domiciled in the United States. The AdvisorShares Pure Cannabis ETF, or YOLO, seeks long-term capital appreciation by investing in both domestic and foreign cannabis equity securities. YOLO is designed to fully-invest for pure cannabis exposure under the guidance of a deeply experienced portfolio management team navigating the emerging cannabis marketplace.

YOLO data by YCharts

The investment objective of UNG is for the changes in percentage terms of the units net asset value to reflect the changes in percentage terms of the price of natural gas delivered at the Henry Hub, Louisiana, as measured by the changes in the price of the futures contract on natural gas traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less UNG’s expenses.

UNG data by YCharts

DWSH is managed by Nasdaq Dorsey Wright, a firm renowned for relative strength investing. Relative strength investing involves buying securities that have appreciated in price more than the other securities in their investment universe and holding those securities until they exhibit sell signals. In implementing DWSH’s shorting strategy to its core philosophy of relative strength investing, Dorsey Wright identifies and short sells those securities with the highest relative weakness within an investment universe primarily comprised of large-capitalization U.S.-traded equities. DWSH’s investment process is purely systematic and removes any human emotion from the day-to-day decision making.

DWSH data by YCharts

HDGE is an actively managed ETF. HDGE implements a fundamental, research driven security selection process based on forensic accounting techniques that short sell U.S. listed equities. HDGE seeks to identify securities with low earnings quality or aggressive accounting designed to bolster short-term corporate performance and may exhibit above-average downside volatility. HDGE may be used to hedge volatility and risk for similar long equity exposure, seeking positive returns in a declining equity market. 

HDGE data by YCharts

TAIL seeks to mitigate significant downside market risk. The Fund intends to invest in a portfolio of “out of the money” put options purchased on the U.S. stock market. TAIL strategy offers the potential advantage of buying more puts when volatility is low and fewer puts when volatility is high. While a portion of the funds assets will be invested in the basket of long put option premiums, the majority of fund assets will be invested in intermediate term U.S. Treasuries. As the fund is designed to be a hedge against market declines and rising volatility, Cambria expects the fund to produce negative returns in the most years with rising markets or declining volatility.

TAIL data by YCharts

The CBOE Volatility Index (VIX) is a widely followed measure of the expected volatility of the S&P 500. Since the VIX is not directly investable, S&P 500 volatility exposure is often achieved through VIX futures. Each of the VIX futures indexes measures the movements of a combination of VIX futures and is designed to track changes in the expectation for VIX over a specific time window in the future. As a result, the S&P 500 VIX Mid-Term Futures Index and VIXM can be expected to perform differently than the VIX.

VIXM data by YCharts

UFO is comprised of a portfolio of companies involved in space related industries. UFO is an exchange traded fund (ETF) that seeks investment results that correspond generally to the performance, before fund fees and expenses, of the S-Network Space Index* (SPACE). Although there is no legal definition of “space,” a commonly accepted definition is that the edge of space begins at the Karman line which is 100 kilometers (62 miles) above the Earths surface.

UFO data by YCharts

SRET seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global SuperDividend REIT Index. The Solactive Global SuperDividend REIT Index tracks the performance of Real Estate Investment Trusts (“REITs”) that rank among the highest yielding REITs globally, as determined by the Index Provider. The Underlying Index is maintained by Solactive AG.

SRET data by YCharts

FXY is designed to track the price of the Japanese yen, and trades under the ticker symbol FXY. The Japanese yen is the national currency of Japan and the currency of the accounts of the Bank of Japan, the Japanese central bank. The Fund is rebalanced quarterly.

FXY data by YCharts

WTRE seeks to track the price and yield performance, before fees and expenses, of the CenterSquare New Economy Real Estate Index. The Fund’s objective and strategies changed effective April 20, 2022. Prior to April 20, 2022, fund name was WisdomTree Global ex-U.S. Real Estate Fund (DRW) and tracked the performance, before fees and expenses, of the WisdomTree Global ex-U.S. Real Estate Index.

WTRE data by YCharts

ZROZ data by YCharts

The objective of ZROZ is to provide total return that closely corresponds, before fees and expenses, to the total return of ICE BofA Long Treasury Principal STRIPS Index.

IPOS is an exchange-traded fund incorporated in the USA. The Fund provides investors with efficient exposure to a portfolio of newly public companies listed outside of the US. The ETF tracks a rules-based Renaissance Intl IPO Index designed by leading IPO research firm Renaissance Capital.

IPOS data by YCharts

JETS provides investors access to the global airline industry, including airline operators and manufacturers from all over the world. The Index tracks the performance of Airline Companies across the globe with an emphasis on domestic passenger airlines.

JETS data by YCharts

KWEB seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of a specific foreign equity securities benchmark.

KWEB data by YCharts

SDIV seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global SuperDividend Index. The Index tracks the performance of 100 equally weighted companies that rank among the highest dividend yielding equity securities in the world. The index provider applies certain dividend stability filters.

SDIV data by YCharts

EDV Seeks to track the performance of the Bloomberg U.S. Treasury STRIPS 20 to 30 Year Equal Par Bond Index. Passively managed using index sampling. Diversified exposure to the long-term Treasury STRIPS market. Provides high current income with high credit quality.

EDV data by YCharts

The investment objective of USO is for the changes in percentage terms of its units net asset value (NAV) to reflect the changes in percentage terms of the spot price of light sweet crude oil delivered to Cushing Oklahoma as measured by the changes in the price of the futures contract for light sweet crude oil traded on the New York Mercantile Exchange (the NYMEX), less USO’s expenses.

USO data by YCharts

KURE seeks to measure the performance of MSCI China All Shares Health Care 10/40 Index. The Index is a free float adjusted market capitalization weighted index designed to track the equity market performance of Chinese companies engaged in the health care sector. The securities in the Index include all types of publicly issued shares of Chinese issuers, which are listed in Mainland China, Hong Kong and United States. Issuers eligible for inclusion must be classified under the Global Industry Classification Standard as engaged in the healthcare sector. The issuers included in the Underlying Index may include small-cap, mid-cap and large-cap companies.

KURE data by YCharts