BATS | ETF
The fund is an actively-managed ETF and seeks to achieve its objective principally by investing in instruments linked directly or indirectly to the performance and/or volatility of the S&P 500® Index based on statistical analyses that seek to estimate the direction of the S&P 500.
Under normal market conditions, the fund"s baseline exposure each day to the S&P 500 is approximately 100%, which the fund"s portfolio managers then adjust based on a statistical method of analysis evaluating the movement of the VIX Index.
The fund is non-diversified.
Top 2 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| SPY | SPDR S&P 500 ETF Trust | 81.76% | ||
| FGXXX | First American Funds Inc. - Government Obligations Fund | 5.78% |