The investment seeks long-term capital appreciation. The fund seeks to achieve its investment objective by taking long and short positions in one or more exchange-traded funds ("ETFs") that seek to track the performance of the S&P 500 Index. It may also invest up to 10% of its total assets in leveraged or inverse ETFs that seek to deliver multiples (long), or the inverse (short), of the performance of the S&P 500 Index, respectively. The fund will enter into futures contracts, in conjunction with investing in shares of an S&P 500-related ETF, to seek the desired long or short exposure to the S&P 500 Index.
Inception Date: 24/06/2015
Primary Benchmark: Not Benchmarked
Primary Index: S&P 500 TR USD
Gross Expense Ratio: 0.91%
Management Expense Ratio: 0.91 %
|FTLS||First Trust Long/Short Equity||0.95 %||
|SPXH||Janus Detroit Street Trust Vel..||0.65 %||
|VQT||Barclays ETN S&P VEQTOR ETN||0.00 %||
|ALFA||AlphaClone Alternative Alpha||0.95 %||
|HVPW||U.S. Equity High Volatility Pu..||0.95 %||
|CSLS||Credit Suisse X-Links Long/Sho..||0.00 %||
|PHDG||PowerShares S&P 500 Downside H..||0.39 %||
|TRSK||Janus Detroit Street Trust Vel..||0.65 %||
|VIXH||First Trust CBOE S&P 500 VIX T..||0.60 %||
|QEH||AdvisorShares QAM Equity Hedge||1.68 %||
|Market Performance vs.
Industry/Classification (Long-Short Equity)
|Market Performance vs. Exchange (NYSE Arca)|
|Value||Sector Median||Percentile Rank||Grade||Market Median||Percentile Rank||Grade|
|Trailing 12 Months|
|Trailing 5 Years|
|Average Annual (5 Year Horizon)|
|Risk Return Profile|
|Volatility (Standard Deviation)||3.97%||100%||A+||94%||A|
|Risk Adjusted Return||116.20%||100%||A+||86%||B|
|Target Price Action||Rating Action||Analyst||Rating||Price||Date|
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
There is nothing we particularly dislike