Salt truVol® US Technology 5 (Excess Return)
Targets 5% portfolio volatility using short-term forecasts by dynamically adjusting exposure between US large cap technology stocks and cash on daily basis.
The Salt truVol® US Technology 5 Index (ticker: SFQ5) is designed to deliver exposure to the Invesco QQQ ETF (QQQ) while targeting a constant 5% level of volatility. The Index uses the truVol® Risk Control Engine (RCE) to dynamically allocate between QQQ and non-renumerated cash in aiming to achieve the volatility target. The mechanism generally allocates more to QQQ when volatility falls and more to cash when it rises.
The Index is rebalanced daily and calculated in excess of a daily accrual of the Federal Funds Effective Rate (Excess Return).
|Base Date||Dec 31, 2003|
|Inception Date||Jul 31, 2021|
|Calculation Agent||Salt Financial Indices LLC|