CAPEDoubleLine Shiller CAPE U.S. Equities ETF
CAPE Fund Description
CAPE is an actively managed, non-transparent ETF that aims to outperform the S&P 500 Index by investing in US stocks of any size from the most undervalued sectors based on the CAPE ratio and momentum factors. The fund utilizes the Precidian non-transparent model.
CAPE Factset Analytics Insight
CAPE aims to beat the S&P 500 Index by actively investing in US stocks of various sizes, excluding penny stocks. The fund considers constituents of the Shiller Barclays CAPE US Sector TR USD Index. Each month, the index considers five sectors deemed most undervalued according to their modified CAPE (cyclically adjusted price earnings) ratio. The sector with the lowest 12-month price momentum is excluded. The remaining four sectors are equally weighted and constitute the portfolio. By using the modified CAPE ratio, the fund analyzes longer-term performance of sectors that consistently trade at certain levels that may be overlooked by the classic CAPE ratio. The non-transparent fund does not provide daily disclosure of its portfolio. As such, there is a risk that shares of the fund may trade at wider spreads than other ETFs that disclose holdings daily, especially during periods of volatility. Prior to May 25, 2022, the fund traded under the ticker DCPE.
CAPE Summary Data
CAPE Portfolio Data
CAPE Index Data
CAPE Portfolio Management
CAPE Tax Exposures
CAPE Fund Structure
CAPE Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of CAPE. CAPE is rated a N/A out of 5.
CAPE Sector/Industry Breakdown
CAPE Economic Development
CAPE Performance Statistics
CAPE Benchmark Comparison Summary
CAPE Benchmark Comparison Market Cap Size
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.