XVOL

Acruence Active Hedge U.S. Equity ETF
*Unless otherwise stated, data provided by FactSet.

XVOL Fund Description

XVOL is an actively managed fund that seeks capital growth with reduced volatility as compared to the S&P 500 by purchasing options contracts on the VIX Index.

XVOL Factset Analytics Insight

XVOL, though actively managed, invests at least 80% of its net assets in a portfolio that replicates the constituents and weights of the S&P 500 Index, while seeking to deliver lower volatility by purchasing options contracts on the CBOE Volatility Index (VIX Index). An option gives investors the right to purchase or sell the underlying index at a specified price, on a specified date in exchange for the premium paid. To determine the number of VIX options contracts to purchase, as well as its strike price and expiration date, the fund utilizes a proprietary, volatility-based algorithm. This VIX options exposure is reevaluated each month based on the level of forward expected volatility in the S&P 500, considering the VIX Index level and options price. The VIX Index estimates the expected level of volatility in the U.S. stock market (as reflected by the S&P 500), forward-looking over 30 days. Overall, XVOL targets investors that seek to achieve high risk-adjusted returns.

XVOL MSCI ESG Analytics Insight

Acruence Active Hedge U.S. Equity ETF has an MSCI ESG Fund Rating of A based on a score of 5.79 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Acruence Active Hedge U.S. Equity ETF ranks in the 40th percentile within its peer group and in the 42nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PERFORMANCE [as of 07/22/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
XVOL 2.90% -- -- -- -- -- --
XVOL (NAV) 2.54% 5.27% -- -- -- -- --
S&P 500 2.95% 5.99% 17.21% 35.40% 18.08% 17.20% 14.83%
MSCI USA Large Cap Index 3.39% 6.65% 16.98% 35.78% 19.29% 18.05% 15.27%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

XVOL Summary Data

Acruence
04/22/21
Open-Ended Fund
0.83%
$82.26M
$1.62M
0.42%
N/A

XVOL Portfolio Data

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N/A
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XVOL Index Data

S&P 500
Proprietary
Proprietary
MSCI USA Large Cap Index

XVOL Portfolio Management

0.83%
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XVOL Tax Exposures

20.00% / 39.60%
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Qualified dividends
No

XVOL Fund Structure

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

XVOL Factset Analytics Block Liquidity

As of 07/23/21
5
4
3
2
1

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

XVOL Tradability

80,351
$1.62M
7,370
$152.12K
0.42%
$0.09
0.23%
0.86% / -0.24%
None
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0.01%
0
$20.86
N/A

XVOL Top 10 Holdings[View All]

Apple Inc. 6.23%
Tesla Inc 1.32%
27.42%

XVOL Countries


XVOL
Segment Benchmark
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0.10%
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99.90%

XVOL Regions


XVOL
Segment Benchmark
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100.00%

XVOL Economic Development


XVOL
Segment Benchmark
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100.00%

XVOL Performance Statistics

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0.00%
MSCI USA Large Cap Index

XVOL MSCI ESG Ratings

5.79 / 10
41.59
39.75
6.54%
5.38%
141.19

XVOL Benchmark Comparison Holdings

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XVOL Benchmark Comparison Summary


XVOL
Segment Benchmark
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XVOL Benchmark Comparison Market Cap Size


XVOL
Segment Benchmark
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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.