The fund seeks to track total return performance of the benchmark index before fees and expenses by investing in companies in the United States.
The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
Next, the research team invests in a series of 12 monthly rolling tranches.
The team constructs each monthly tranche with FLEX Options that will be held for an approximate period of one year.
Specifically, each tranche may consist of purchased call FLEX Options, written put FLEX Options, purchased put FLEX Options, written call FLEX Options, shares of the Reference ETF, and fixed income securities issued by the U.S. Treasury of duration of approximately one year or less.
Each monthly tranche is designed to provide partial protection from market downturns at the expense of limiting gains when the market is strongly positive.
Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
From time to time, the fund may hold a portion of its assets in cash or invest them in liquid, short-term investments, including U.S. government obligations, certificates of deposit, commercial paper, other investment companies, money market instruments or other securities.
The fund seeks to track the price and yield performance, before fees and expenses, of the Cboe S&P 500 Dividend Aristocrats Target Income Index by investing in companies in the United States.
The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
Next, the research team invests in component securities of the Cboe Aristocrats Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities.
Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
The fund may sell European style FLEX Options that reference the stock that the fund may invest in.
The fund seeks to track total return performance of the benchmark index before fees and expenses by investing in companies in the United States.
The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
Next, the research team invests in a series of 12 monthly rolling tranches, and each tranche is invested in options that are tied to a particular month of the year.
The team constructs each monthly tranche with FLEX Options that will be held for an approximate period of one year.
Specifically, each tranche may consist of purchased call FLEX Options, written put FLEX Options, shares of the Reference ETF, and fixed income securities issued by the U.S. Treasury of duration of approximately one year or less.
Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
The fund will construct a non-diversified portfolio that may include exchange-traded FLEX Options.
From time to time, the fund may hold a portion of its assets in cash or invest them in liquid, short-term investments, including U.S. government obligations, certificates of deposit, commercial paper, other investment companies, money market instruments or other securities.
