DCPE seeks total return which exceeds the total return of the S&P 500 Index by employing a U.S. equity sector rotation strategy, under which the ETF will obtain exposure to the Shiller Barclays CAPE US Sector TR Index (the Index). The Index aims to identify undervalued sectors based on a modified CAPE ratio, and then uses a momentum factor to seek to mitigate the effects of potential value traps.
CRYP is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing in (i) U.S. ETFs that invest in U.S. exchange-traded bitcoin futures contracts, (ii) U.S. exchange-traded bitcoin futures contracts, and (iii) U.S. government securities, money market funds and short duration fixed income ETFs, and cash and cash equivalents. The Fund initially will invest in Bitcoin ETFs and Collateral, adding Bitcoin Futures as it gains assets and investment opportunities arise in accordance with its strategy. To the extent the Fund invests a significant portion of its assets in Bitcoin ETFs, it will be operating as a fund of funds.
RPHS is an actively-managed exchange-traded fund that seeks to achieve its investment objective by investing in equity securities represented in, or instruments related or linked to, the S&P 500 Price Index. In doing so, the Fund may invest in various types of U.S. broad equity market linked derivates such as: long and short positions in futures, options, swaps, and standardized call and put options contracts on the S&P 500 Index. The Fund also structures its investments with a view towards hedging the Fund's portfolio in an effort to mitigate against losses incurred during market declines.
DIHP is designed to purchase securities of large non-U.S. companies that the Advisor determines to have high profitability relative to other large capitalization companies in the same country or region, at the time of purchase. An equity issuer is considered to have high profitability because it has high earnings or profits from operations in relation to its book value or assets. The Portfolio may emphasize certain stocks, including smaller capitalization companies, lower relative price stocks, and/or higher profitability stocks as compared to their representation in the large-cap high profitability segments of developed non-U.S. markets. The Portfolio's increased exposure to such stocks may be achieved by overweighting and/or underweighting eligible stocks based on their market capitalization, relative price, and/or profitability characteristics.
AVSD invests in a broad set of companies of all market capitalizations across non U.S. developed countries and is designed to increase expected returns by overweighting securities we believe to be trading at lower valuations with higher profitability ratios. It limits the investable universe of companies by screening out those that raise concerns based on the team's evaluation of multiple Environmental, Social and Governance (ESG) metrics and pursues the benefits associated with indexing but with the ability to add value by making investment decisions using information based on proprietary evaluations.
SVIX seeks to provide daily investment results, before fees and expenses, that correspond generally to the Short VIX Futures Index (Ticker: SHORTVOL). The Short VIX Futures Index expresses the daily inverse performance of a theoretical portfolio of first and second month VIX futures contracts that are rolled daily. The Index determines its daily settlement price from the Time Weighted Average Price (TWAP) of its theoretical portfolio over the last 15 minutes of the regular equity trading session.
AVSU invests in a broad set of U.S. companies across all market capitalizations and is designed to increase expected returns by overweighting securities we believe to be trading at lower valuations and with higher profitability ratios. It limits the investable universe of companies by screening out those that raise concerns based on the team's evaluation of multiple Environmental, Social and Governance (ESG) metrics and pursues the benefits associated with indexing but with the ability to add value by making investment decisions using information based on proprietary evaluations.
CTA seeks long term capital appreciation by systematically investing in futures in an attempt to create an absolute return profile, that also has low correlation to equities, and can provide support in risk-off events. To this end, CTA deploys a suite of systematic models that have been designed by Altis Partners, a commodity trading advisor with over 20 years of experience.
WINN invests primarily in equity securities, principally common and preferred stocks, of U.S. companies that the Subadviser believes to have above-average prospects for long-term growth. The Fund is "non-diversified," meaning that a relatively high percentage of its assets may be invested in a limited number of issuers.
BILS seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg 3-12 Month U.S. Treasury Bill Index (the "Index"). The Bloomberg 3-12 Month U.S. Treasury Bill Index (the Index ) is designed to measure the performance of public obligations of the U.S. Treasury that have a remaining maturity of greater than or equal to 3 months and less than 12 months.
RISR is an actively managed exchange-traded fund (ETF) that seeks to provide protection against rising interest rates while generating current income under stable interest rates. RISR invests primarily in interest-only mortgage-backed securities (MBS IOs) and U.S. Treasury bonds. MBS IOs are a negative duration security that generally benefit from rising rates. MBS IOs and Treasuries to a lesser extent generally provide income under stable rates.
HYBB seeks to track the investment results of ICE BofA BB US High Yield Constrained Index. ICE BofA BB US High Yield Constrained Index is composed of BB, or equivalently rated, fixed rate U.S. dollar-denominated bonds issued by U.S. and non-U.S. corporations. The Underlying Index includes U.S.dollar-denominated securities issued by U.S. and non-U.S. industrials, utility and financial corporate issuers, with maturities of one year or more, that have $250 million or more of outstanding face value. Only securities rated BB+ through BB-, based on an average of Moody s Investors Service,Inc. ( Moody s ), Fitch Ratings, Inc. ( Fitch ), and S&P Global Ratings, are eligible for the Underlying Index. Securities rated BB+ and below are generally considered non-investment grade.
DFEM is designed to purchase a broad and diverse group of securities associated with emerging markets, which may include frontier markets (emerging market countries in an earlier stage of development), authorized for investment by the Advisor Investment Committee. The Portfolio will invest in companies of all sizes, with increased exposure to smaller capitalization, lower relative price, and higher profitability companies.
LABU seeks daily investment results, before fees and expenses, of 300% of the performance of the S&P Biotechnology Select Industry Index. The Index is provided by Standard & Poor s and includes domestic companies from the biotechnology industry. As of April 30, 2015, the Index was comprised of 98 stocks. The companies included in the Index have a median market capitalization of $1.54 billion and are concentrated in the energy and biotechnology sectors as of April 30, 2015.
An actively managed fund which leverages Strategas industry-leading macro research to identify durable intermediate-term investment themes and allocates to those with which the Firm has the highest conviction. SAMT is invested in three to five macro themes at any given time. The constituents of each macro theme in the portfolio are composed of U.S.-listed stocks across the market capitalization spectrum that meet certain liquidity parameters. The Fund's thematic positioning is adjusted based on shifts in macro trends to ensure the integrity of each theme's investment thesis and the relevancy of its constituents.
