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The fund seeks to outperform the Nasdaq-100 total return index in absolute return, curtail the tail risk of an investment in the index, and provide monthly income.  The fund is an option overlay index ETF comprising the Nasdaq-100 constituent portfolio and an options/option spreads-based tail risk hedge portfolio.   The fund maintains a low expense ratio and charges a variable performance fee only when the fund return exceeds the Nasdaq-100 index total return.   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The fund charges a variable performance fee with a high watermark provision. The performance fee comprises 50% of the fund's excess return, if any, above the Nasdaq-100 index equity portfolio.              

                  NAV                                $0.00

                       as of xx/xx/2024

             YTD Return                         0.01%

                       as of xx/xx/2024

      YTD Return of QQQ                 0.01%

                       as of xx/xx/2024

        30-Day SEC Yield                   0.01%

                       as of xx/xx/2024

 

           Expense Ratio                     0.10%*

        

 

 

     Fund Facts           

        

 

 

   Summary Prospectus           

        

Stable Nasdaq 100 Plus ETF

SNDX

Overview | Performance & Distribution | Fees | Holdings | Fund Documents

Overview

The Stable Nasdaq 100 Plus ETF seeks to: include:

  • ​Outperform the Nasdaq-100 total return index in absolute return.

  • Curtail the tail risk of the Nasdaq 100 index-constituent portfolio.

The fund comprises a Nasdaq 100 constituent equity portfolio as the primary and a tail risk hedge portfolio as the secondary one. The tail risk hedge portfolio consists of FLEX option-spreads net-credit collar variants. 

The potential benefits the Fund offers include:

  • To provide the opportunity to participate in the US large-cap equity market returns.

  • To offer the opportunity to obtain an extra return above the benchmark index return.

  • To curtail the fund's tail risk.

  • To charge a low fee when the fund underperforms the Nasdaq-100 total return index, which helps the fund investors preserve their capital.

Key Fund Facts

Performance & Distribution

Performance

Key Facts of Distributions

Distributions per Share

Distributions History

Fees

Annual Fund Operating Expenses

Variable Performance Fee

50% of the return generated by the tail risk hedge portfolio or, equivalently, the excess return the entire Fund portfolio makes above the return from the Nasdaq-100 Index constituent portfolio.  The performance fee includes a high watermark provision, requiring that the cumulative capital loss, if any, the tail risk portfolio incurred in the past be fully recovered before the Fund charges the performance fee. 

Holdings

Top 10 Holdings
as of XX/XX/2024

Fund Documents

Fact Sheet
 

Summary Prospectus
 

Prospectus
 

Annual Report
 

Semi-Annual Report
 

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