FLYTDirexion Flight to Safety Strategy ETF
FLYT Fund Description
FLYT tracks a multi-asset index that holds a volatility-weighted portfolio of gold, US large-cap utility stocks, and US Treasurys with more than 20 years maturity.
FLYT Factset Analytics Insight
FLYT is an index-tracking portfolio of multiple assets that have defensive exposures during market downturns. It includes a volatility-weighted basket of gold, US-listed large-cap utility stocks, and US long-term treasury bonds with maturities greater than 20 years. The fund overweights assets with the lowest trailing volatility in five years with an additional 22.5% cap on its gold component. FLYT may also invest in ETPs, swap contracts, and investment companies to obtain exposure to certain securities or commodities. The fund invests up to 25% of its assets on its wholly owned Cayman subsidiary for commodity exposure (a common structure in the commodity space). As such, investors are K-1 free at tax time. The index is rebalanced on a quarterly basis. Prior to August 31, 2021, the fund is actively managed.
FLYT Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FLYT. FLYT is rated a N/A out of 5.