Acruence aims to achieve XVOL s objectives by investing nearly all of the ETF s assets in a portfolio replicating the constituents and weights of the S&P 500 Index, while working to reduce volatility by purchasing options contracts on the CBOE Volatility Index, also known as the VIX.
CPI seeks investment results that track, before fees and expenses, the price and yield performance of the Bloomberg IQ Multi-Asset Inflation Index. The Bloomberg IQ Multi-Asset Inflation Index seeks to provide exposure to equity, fixed income and commodities assets expected to benefit directly or indirectly from increases in the price of goods or services (e.g., inflation).
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.
The adviser seeks to achieve the EAFD's investment objective by investing primarily in equity securities of U.S. companies and applying a downside convexity option overlay strategy to the equity investments. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies, primarily by purchasing exchange-traded funds ("ETFs"). The adviser does not frequently trade U.S. equities but seeks to maintain consistent exposure to the U.S. equity market. Up to twenty percent of the Fund s net assets will be subject to the Fund s downside convexity option overlay. The downside convexity option overlay consists of purchasing exchange-traded and over the counter ( OTC ) put options on the S&P 500 Index or an S&P 500 Index ETF.
PFI is based on the Dorsey Wright Financials Technical Leaders Index (DWA Financials Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify companies that are showing relative strength (momentum), and is composed of at least 30 common stocks from the NASDAQ US Benchmark Index. Relative strength is the measurement of a securitys performance in a given universe over time as compared to the performance of all other securities in that universe.
AWTM is an actively-managed treasury management ETF. The Fund seeks to maximize current income targeting a yield of 0.75% to 1.00% over the 3-month Treasury Bills while maintaining preservation of capital and daily liquidity. The fund is an actively-managed ETF that seeks to achieve its investment objective primarily by investing in U.S.-dollar denominated investment-grade fixed- and floating-rate bonds, debt securities, and other instruments with an overall effective duration of less than one year under normal circumstances.
BBEU seeks investment results that closely correspond to the Morningstar Developed Europe Target Market Exposure Index. The Underlying Index is a free float adjusted market capitalization-weighted index which consists of equity securities from developed European countries or regions, including: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom. The Underlying Index targets 85% of the stocks traded on the primary exchanges in each country by market capitalization, and primarily includes large- and mid-capitalization companies. Components of the Underlying Index are allocated across various sectors, including the financials and consumer staples sectors.
UTRN is a rules-based investment strategy that seeks to provide investment results that, before fees and expenses, correspond generally to the total return of the U.S. Large Cap Short-Term Reversal Index (UTRNX). The index seeks to capitalize on the tendency for stocks that have experienced sharp recent sell-offs to experience near-term rebounds.
DFSD will seek to achieve its investment objective through exposure to a broad portfolio of U.S. and foreign investment grade fixed income securities. The Portfolio may invest in obligations issued or guaranteed by the U.S. and foreign governments, their agencies and instrumentalities, including mortgage-backed securities, corporate debt obligations, bank obligations, commercial paper, repurchase agreements, money market funds, securities of domestic or foreign issuers denominated in U.S. dollars but not trading in the United States, and obligations of supranational organizations. The Portfolio may purchase or sell mortgage-backed securities on a delayed delivery or forward commitment basis through the to-be-announced (TBA) market. As a non-fundamental policy, under normal circumstances, at least 80% of the Portfolio s net assets will be invested in fixed income securities considered to be investment grade quality. The Portfolio primarily invests in securities that mature within five years from the date of settlement.
NUAG seeks to track the investment results, before fees and expenses, of ICE BofA Enhanced Yield US Broad Bond Index. The Fund employs a passive management (or indexing) approach, seeking to track the investment results, before fees and expenses, of the ICE BofA Enhanced Yield US Broad Bond Index (the Enhanced Index). The Fund generally invests in a sample of the securities in the Enhanced Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Enhanced Index. Under normal market conditions, the Fund invests at least 80% of its assets, exclusive of collateral held from securities lending, in component securities of the Enhanced Index.
COMT seeks to track the investment results of the S&P GSCI Dynamic Roll (USD) Total Return Index (the Underlying Index ), which measures the performance of futures contract ssuch as aluminum, Brent crude oil, cocoa, coffee, copper, corn, cotton, gasoil, feeder cattle, gold, heating oil, leanhogs, lead, live cattle, natural gas, nickel, silver, soybeans, sugar, unleaded gasoline, wheat, West Texas Intermediate crude oil and zinc. TheUnderlying Index is rebalanced on anannual basis.
KEMX is benchmarked to the MSCI Emerging Markets ex China Index, which tracks large-cap and mid-cap companies within emerging market countries, excluding China. KEMX enables investors to build tailored EM portfolios when combined with exposure to China. KEMX can be paired with KraneShares China-focused core and thematic funds to establish strategic positions in China without duplicating exposures.
BSBE is based on the Nasdaq Bulletshares USD Emerging Markets Debt 2022 Index (Index). The Fund will invest at least 80% of its total assets in corporate bonds that comprise the Index. The Index is designed to represent the performance of a held-to-maturity portfolio of US dollar-denominated, emerging markets bonds with effective maturities in 2022. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced monthly. The Fund has a designated year of maturity of 2022 and will terminate on or about Dec. 31, 2022.
HYEM seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of ICE BofA Diversified High Yield US Emerging Markets Corporate Plus Index (EMHY). The Index is comprised of U.S. dollar denominated bonds issued by non-sovereign emerging market (EM) issuers that are rated below investment grade.
