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: S&P 500 TR USD
Primary Index: S&P 500 TR USD
Gross Expense Ratio: 0.91%
Management Expense Ratio: 0.91 %
|FTLS||First Trust Long/Short Equity||1.59 %||
|SPXH||Janus Detroit Street Trust Vel..||0.65 %||
|CLIX||ProShares Long Online/Short St..||0.65 %||
|PHDG||Invesco S&P 500 Downside Hedge..||0.38 %||
|JPED||JPMorgan Event Driven||0.74 %||
|HVPW||U.S. Equity High Volatility Pu..||0.95 %||
|CSLS||Credit Suisse X-Links Long/Sho..||0.00 %||
|JPLS||JPMorgan Long/Short||0.60 %||
|VQT||Barclays ETN S&P VEQTOR ETN||0.00 %||
|TRSK||Janus Detroit Street Trust Vel..||0.65 %||
|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)||4.84%||75%||C||86%||B|
|Risk Adjusted Return||79.93%||88%||B+||78%||C+|
|Letter Grade||Percentage||Letter Grade||Percentage||Letter Grade||Percentage|
|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 is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
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.
The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.
There is nothing we particularly dislike