For traders and sophisticated investors who seek to take advantage of increases in volatility in broad based equities, SPKY offers exposure to a daily rolling long position in the SPIKES® Futures contracts.
Investment Objective: For every 1% daily movement in the SPIKES Futures Short-Term Index, the SPKY Fund seeks to move 1.5%.
The Funds present significant risks not applicable to other types of funds, including risks relating to investing in SPIKES futures contracts and leveraged ETF risks.Leveraged ETFs pursue daily leveraged investment objectives, which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index performance over periods longer than one day, due to compounding will differ in amount and possibly even direction from the leveraged fund's stated multiple times the return of the index for the same period. The Funds are not suitable for all investors and should be utilized only by investors who understand leverage risk and compounding and who actively manage their investments. The return of the leveraged fund for a period longer than a single day is the result of its return for each day compounded over the period and usually will differ in amount and possibly even direction from the leveraged fund's stated multiple times the return of the index for the same period. These differences can be significant. The Funds' investments may be illiquid and/or highly volatile and the funds may experience large losses from buying, selling, or holding such investments, including the loss of their entire investment.
FUND SUMMARY
Fund Inception
2022-08-15
Trading Symbol
SPKY
Intraday Symbol
SPKY.IV
Bloomberg Index Symbol
SPKSTID
CUSIP
21258A102
Exchange
NYSE ARCA
Net Assets
Expense Ratio1
0.79%
1 Expense ratio does not include brokerage commissions and related fees paid by the fund.
Fund Prices
As of TBD
FUND NAME
Short Term SPIKES Futures 1.5x
NAV
NAV PRICE CHANGE
XXX
MEDIAN BID/ASK SPREAD (30 DAY) (%)
XXX
SYMBOL
SPKY
MARKET PRICE CLOSE
XXX
MARKET PRICE CHANGES
XXX
PREMIUM/DISCOUNT (%)
XXX
This leveraged ETF seeks a return that is 150% of the return of its benchmark index for a single day. The fund should not be expected to provide 1.5 times the return of the benchmark's cumulative return for periods greater than a day.
The use of leverage present significant risks not applicable to other types of funds and may be illiquid and/or highly volatile. The funds are not suitable for all investors and should only consider an investment in the funds if he or she understands the consequences of seeking daily leveraged results and the impact of compounding and who intends to actively monitor their investments.
The net asset value is calculated by taking the current market value of a Fund’s total assets (after the close of NYSE Arca), subtracting any liabilities and dividing that total by the total number of outstanding shares.
Month End Performance
Updated TBD | NAV% | MARKET VALUE% |
---|---|---|
CUMULATIVE | ||
1 Month | XXX | |
3 Months | XXX | |
6 Months | XXX | |
YTD | XXX | |
Since Inception Cumulative | XXX | |
ANNUAL | ||
1 Year | XXX | |
3 Year | XXX | |
5 Year | XXX | |
Since Inception Annualized | XXX |
Quarter End Performance
Updated TBD | NAV% | MARKET VALUE% |
---|---|---|
CUMULATIVE | ||
1 Month | XXX | XXX |
3 Months | XXX | XXX |
6 Months | XXX | XXX |
YTD | XXX | XXX |
Since Inception Cumulative | XXX | XXX |
ANNUAL | ||
1 Year | XXX | XXX |
3 Year | XXX | XXX |
5 Year | XXX | XXX |
Since Inception Annualized | XXX | XXX |
*NAV: "Net Asset Value" is a measure the value of the ETF. The NAV per unit is: (Total Assets-Liabilities)/(Shares Outstanding). The Official NAV is typically a daily calculation based on the closing values of all assets where the assets are the cash and securities held by the fund.
** Market Value: The value at which a security (or anything) can be exchanged in the marketplace.
The data represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted.
Returns less than one year are not annualized.
SPIKES Futures Short-Term Index Chart (SPKF)
Download SPKF Index Methodology
The Funds are benchmarked to the T3 SPIKE Front 2 Futures Index and are not benchmarked to the SPIKES Index. The T3 SPIKE Front 2 Futures Index and the SPIKES Index are two separate indexes and can be expected to perform very differently.
SPKF Performance
SPKF Price
Prior Day Closing
SPKY Holdings
As of TBD
DESCRIPTION | % HOLDINGS | MARKET VALUE ($) | POSITION |
---|
Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security.
Investor Resources
The Fund is not a mutual fund or any other type of investment company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.
Please read the prospectus carefully before investing. To obtain a current prospectus visit the link above.
The Funds may be highly volatile and generally are intended for short-term investment purposes only. Investors cannot directly invest in an index.