What is MAXI?

MAXI is actively managed, aiming to provide capital appreciation and income. The fund holds long Bitcoin futures, short-term debt instruments, and near-term equity index put or call spreads.

PERFORMANCE [as of 11/28/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MAXI -20.12% -- -- -- -- -- --
MAXI (NAV) -20.47% -- -- -- -- -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MAXI Factset Analytics Insight

MAXI pursues three distinct strategies: long exposure to Bitcoin futures, collateral management via short-term debt securities, and income generation through active option overlay strategies. The fund’s adviser allocates the total economic value of Bitcoin exposure to be 100% of the fund’s net assets. A Cayman Island subsidiary is used to hold Bitcoin futures. High-quality, short-term US Treasury securities, or similar ETF exposure, serves as collateral for the futures positions. Reverse repurchase agreements may be entered into to potentially increase income. In addition, up to 20% of the fund’s assets will be used in option overlay strategies. The core of the option strategies consists of writing exchange-traded put and call option spreads on securities, index futures, or ETFs that the fund’s adviser believes to be sufficiently correlated to Bitcoin futures. Generally, the option spreads selected are close to expiration and positions are actively traded.

MAXI Summary Data

09/29/22
0.97%
$4.33M
No Underlying Index
N/A
Open-Ended Fund

Peers

N/A

Fund Flows

$0.00B 5 Days
$0.00B 30 Days
+$0.01B 90 Days

MAXI Portfolio Data

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N/A
Derivative

MAXI Index Data

No Underlying Index

MAXI Portfolio Management

0.97%

MAXI Tax Exposures

20.00% / 39.60%
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No

MAXI Fund Structure

Open-Ended Fund
Derivative
No
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 11/29/22

This measurement shows how easy it is to trade a $1 million USD block of MAXI. MAXI is rated a 5 out of 5.

MAXI Tradability

362
$4.15K
156
$1.34K
0.52%
$0.06
0.05%
1.62% / -0.64%
None
100.00%
10,000
0.02
--
--
0
$10.39
5

MAXI Top 10 Holdings

314.13%
80.73%
0.00%
-294.86%
100.00%

MAXI Portfolio Tilts Comparison

MAXI Segment
Benchmark
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MAXI Performance Statistics

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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.