PBUGPacer iPath Gold Trendpilot ETN
PBUG Fund Description
PBUG tracks an index that hedges volatility by using a dynamic allocation strategy to provide exposure to the total return of rolling gold futures contracts and/or three-month US Treasury bills.
PBUG Factset Analytics Insight
PBUG tames gold volatility by using a toggle feature that switches between weights of the Barclays Gold 3 Month Deferred Index and three-month US Treasury bills. The reference index provides the total return of three-month gold futures contracts. By employing a dynamic allocation strategy, the fund hedges volatility daily by using three signals (Trend, Moving Average, and Mean Reversion) that reflect the performance over time of the reference index. Depending on these signals, the fund toggles between 100%, 50%, and 0% notional exposure to gold futures contracts and the rest in T-bills. PBUG’s target weight is not predictive of future performance. Generally, changes only occur if the performance demonstrates a consistent trend over a period of days. As such, adjustments in response to these trends may be slow. Sibling fund GBUG provides full exposure to the same gold futures contracts without the toggle feature.
PBUG Portfolio Data
PBUG Index Data
PBUG Portfolio Management
PBUG Tax Exposures
PBUG Fund Structure
PBUG Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PBUG. PBUG is rated a 5 out of 5.
PBUG Tenor Strategy
PBUG hedges the volatility of three-month futures contracts according to a fixed schedule.
PBUG Rolling Strategy
PBUG toggles between gold futures contracts and T-bills. The underlying contracts roll between the 5th and 9th business days of each rolling month.
PBUG Performance Statistics
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.